To The Moon

🐯 I Made 12.5% Selling a Cash-Secured Put on TIGR 💸

I recently sold a cash-secured put on TIGR with a strike price of $7.50, expiring on June 20, 2025. I collected a premium of $0.07 per share, and the current option price has ticked up slightly to $0.08, but my focus is on the premium received vs. the collateral required. Since I’m setting aside $750 in buying power for this position (strike × 100), that $7 premium represents a +12.5% return on capital over the course of the trade — not annualized, but based on the premium vs. the risk amount.

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📉 I Chose the $7.50 Strike Because Support Is Near $8

Looking at TIGR’s chart, I noticed that the stock has strong support near the $8 level over the past couple of weeks. That gave me confidence to sell the $7.50 strike, just below support, allowing a cushion in case of a minor pullback. I don’t expect TIGR to fall significantly below this area unless broader market sentiment turns extremely bearish.

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💰 Why I Sold the Put Instead of Buying the Stock

$TIGR 20250620 7.5 PUT$ 

By selling the put instead of buying shares outright, I gave myself two potential outcomes:

1. If TIGR stays above $7.50 through June 2025, I simply keep the full premium with no shares assigned.

2. If TIGR dips below $7.50, I’m happy to buy 100 shares at an effective cost basis of $7.43 ($7.50 – $0.07), which is below current support.

Either way, it’s a win in my book. This is part of how I generate consistent returns on stocks I’m neutral-to-bullish on.

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🔄 Part of a Bigger Strategy

I often use this approach—selling puts on stocks with nearby support levels—as a way to accumulate shares at a discount or earn income on idle cash. With TIGR, I liked the risk-reward setup, especially with the relatively short timeframe to expiration and a chart showing signs of stability@MillionaireTiger @TigerStars @CaptainTiger @Daily_Discussion