folks, something I've been thinking about doing to help some of you is funding a $50K account and making trades against it that are maybe a bit easier to be in with less risk. In the spirit of that, I've decided to do it. You are free to participate if you want or just follow along, but I will post all the results here.
First trade:
sell Feb 4 COIN 167.5 put for $9.90
Rationale: I'm willing to own COIN at these levels. BTC is near support and they have earnings on 2/8, so it would not be unreasonable to get a rally. In the event I am assigned, premium tends to be good and I should be able to get out break even eventually through selling premium. Everyone hates it right now too.
You don’t trade for money, you trade for freedom.