Today, I executed a new options trade on Reddit (RDDT). I sold the $42 Put contract expiring September 19th and collected a $220 premium.
👉 What this means:
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By selling this put, I’m agreeing to potentially buy 100 shares of RDDT at $42 if assigned.
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In return, I collected $220 upfront, which adds to my rolling options income.
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If RDDT stays above $42 by expiration, the option expires worthless and I keep the full premium.
This strategy fits my broader approach of generating consistent income while being comfortable owning RDDT shares at the strike price.
Another solid step in building passive cash flow through options!
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