Q is down 10% from its ATH.


Here is the exact trade I am looking at.
Q: about $573 today. ATH was $637.
Sell Put:
1 month put at $545 strike: ~$400 collected.
1 year put at $515 strike: ~$3,700 collected.
Monthly put problems:
Need 9+ trades in a row just to match.
Cash secured needs $54,500 sitting idle.
Market can stay down for months.
1 year put — why I do it:
EPS has 12 months to grow.
Base portfolio is the collateral. Zero cash idle.
Take the $3,700. Buy Q shares & calls potentially.
Q at $515 in 1 year would be historically cheap.
I am fine with that assignment.
Portfolio secured put wins again.
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