$CONL 20260116 24.0 PUT$

*Selling PUT Options:*

When selling PUT options, I'm essentially taking on the obligation to buy the underlying asset ($CONL) at the strike price ($24.0) if the buyer exercises the option on or before the expiration date (January 16, 2026).

*Why Sell PUT Options?*

Selling PUT options can be a profitable strategy if:

- I'm willing to own the underlying asset at the strike price.

- I believe the underlying asset's price will stay above the strike price or increase.

- I can collect premium income from selling the option.

*Risks and Rewards:*

- *Potential Profit*: The premium income collected from selling the option.

- *Potential Risk*: If the underlying asset's price plummets, I may be obligated to buy it at the strike price, resulting in a loss.

*Current Situation:*

Since I'm profiting $1,150, it's likely that the underlying asset's price has increased or stayed above the strike price, making the PUT option less valuable.

*Next Steps:*

- *Monitor the market*: Keep an eye on the underlying asset's price movement and adjust my strategy accordingly.

- *Consider closing the position*: If the option's premium has decreased significantly, I might consider buying it back to realize the profit.

I'm always assessing market conditions, managing risk, and adjusting my strategy to maximize returns.

$Coinbase Global, Inc.(COIN)$