Recently, I've been exploring options trading, and I'd like to share some insights from my latest trades. Here's a look at my recent experiences with selling put options on Hood, RGTI, and NVDA.
January 21, 2025: Selling the $47 Hood Put
On January 21st, I decided to sell a $47 put option on Hood, set to expire on February 7th. The strike price was $47, and the option premium was $174. To execute this trade, I used the margin available from my Robinhood account.
Why Hood?
Hood has shown strong potential for growth, and I believe in its long-term prospects.
Selling puts can be a great way to generate income while potentially acquiring shares at a discount.
January 22, 2025: Selling the $10.50 RGTI Put
The next day, I sold a $10.50 put option on RGTI with an expiration date of January 31st. The strike price was $10.50, and the option premium was $48. Again, I used margin from my Robinhood account for this trade.
Why RGTI?
RGTI is an innovative company in the quantum computing space, which has significant growth potential.
The premium collected from selling this put helps boost my portfolio's income.
January 23, 2025: Selling the $134 NVDA Put
On January 23rd, I sold a $134 put option on NVDA, expiring on February 7th. The strike price was $134, and the option premium was $107. Like my previous trades, I utilized margin from Robinhood for this one as well.
Why NVDA?
NVIDIA is a leader in the graphics processing unit (GPU) market, and its technology is in high demand.
Selling NVDA puts aligns with my strategy of targeting high-quality stocks for potential acquisition.
Final Thoughts
Options trading can be a powerful tool for generating income and managing risk in a portfolio. By carefully selecting strike prices and expiration dates, I've been able to capitalize on market opportunities while maintaining flexibility. As always, it's essential to do thorough research and stay informed about market trends.
I'm excited to see how these trades play out and will continue to share my experiences with you. Happy investing!
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