$Tesla Motors(TSLA)$
Let's take a look at my strategy:
The current stock price is 391. I want to buy in but am worried about getting stuck. I plan to sell the put option that expires next month. The current price is 24.35, with a strike price of 375. If the stock price falls to 375 by the expiration date, I will be exercised, but I will have already earned the 24.35 from selling the put. My actual cost will be 350. So even if the stock price continues to fall to 360, I will still have a profit of 10. Isn't that great?
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