ilmscore | Prediction Details
"scenario number two Sirus stock Falls to 450 or below so let's say that after 1 month Sirius Falls to $440 in this situation you are obligated to buy Siri for $450 and because you buy Siri for 450 and it's Fallen to 440 you are down 10 cents However you have to remember that you were paid 32 cents to take on this deal so in reality you bought Siri for $450 but if you factor in the 32 cents that you were paid then you really bought Siri for $418 and if the price of Siri is at440 then you're actually at a profit of 22 but I want you to put this into perspective because remember when you saw Siri at489 you like the stock and you thought that it was a good buy at $4.89 but by going with a cash secured put you bought Siri for $418 so you got a much better deal on the stock you got in at a 15% discount"
By ClearValue Tax | October 15, 2023 | Pending
From video
Options Trading For Beginners: Complete Guide with Examples 00:45:03 - 00:46:11
Interpreted Prediction
If Sirius stock falls to $4.40 in one month, the purchase price after accounting for the $0.32 premium is $4.18. This results in a profit of $0.22 per share, representing a 15% discount from the initial $4.89 perceived buy price.

Prediction Details

Ticker
SIRI

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