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ass***com

09/10/2020 21:34

$Tortoise Acquisition Corp question for anyone. if someone were to buy a put that then gives them the right to sell the stock at that strike price to my understanding does that mean you could by a 60 dollar put on shll here then exercise the put to sell the stock at 60 bucks right now even though market price is lower than 60??
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All Comments(4)

StockerIT09/10/2020 23:28
Oh then ofc you can! In or out of the money .

ass***com09/10/2020 23:35

thanks! as it turns out it wont make me more money simple error on my part but I learned something that's what matters

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Hey09/10/2020 23:10
Yes you could do that but you’re not going to profit

ass***com09/10/2020 23:25

ahh yes I see that now for I was not accounting for my buy in avg on the shares lol simple mistake it helps me when I talk through things thanks!!

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StockerIT09/10/2020 22:01
I usually dont give advice but today i feel ing bearish to tell you that it all depends on underlying price,expiration,and volatility. I think what youre trying to say is “could you buy a 60 dollar put and sell it at the same time?“
Yes you can. but just know these three tornado effects can happen at a rate. Dont blame me if you hate options but i wouldnt trade any further unless youre experienced. By experienced, I mean you can joke your ass off in the comments section

ass***com09/10/2020 22:19

and I'm not super experienced I'm learning but I've made decent gains in my trading career so far and was trying to broaden my horizons

ass***com09/10/2020 22:18

nope I'm asking if I can buy a put excercise the put to sell my stock at the strike price of the put even though the strike price is greater than market price

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zorro202009/10/2020 21:43
we don't support puts on here 😂😂😂

ass***com09/10/2020 21:46

well the cost of premium on 60 dollar put would make me more money if I'm grasping it correctly then selling my shares now at 50 so I'm asking for a real reason the difference between making 11kprofit and 15k profit I'm very bullish on this company but I was curious if it worked this way

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