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I dont think you guys are quite understanding what writing a put means.
Writing a put means SELLING a put and collecting the premium. It's the exact same payoff as writing a covered call except your margin requirements are lower.
I'm not saying AAPL is going to drop to $200, but if it does, then I'll gladly pick it up. If not, well, I get a premium for my time.
shawnly1000: no i'm stupid. I was shorting it and got out too early. Pissed off because I WAS shorting zstn, deer, hrbn and got out of all of them way too early. fml.
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