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Options for idiots halp meh
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I was listening to some one saying selling a put option can be profitable and is bullish, I bought a put for 54$ for next week was that a fucking stupid idea ? I just noticed I'm down 2k from what I was at if not more. If the price stays above 54$ I should make money at expiration right? Do you let the option expire or do I need to sell it or do anything before expiration ?? I fucked up sorry I'm a idiot but ya if Any one can help me.

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3 years ago