Hello everyone,
Today's trade idea plus 1 more in the classroom area where we collect almost $300 income and the stock needs to drop another 20% in 30 days for us to be in the money 🔥
CVS - $44.97 price - selling $40 puts - $126 income (2 contracts) - $2,800 BP - Jan 17th
It's a small trade with all the bad news around this sector lately and 40 is under the extreme levels on the green side so I'm ok risking at worst 8k to own 200 shares of CVS long-term if it does go there.