Cash Secured Puts Got Assigned!?
If you fear your cash secured puts getting assigned, you're not selling them correctly.
When selling cash secured puts (cash covered puts), your goal is to own the stock at a lower strike than what it's trading for now. You just happen to be getting paid for it (by taking on the obligation and collecting the premium).
Therefore, if you get assigned you should be THRILLED.
It's a total mindset shift and should make you reevaluate the stocks you're selling options on. Don't burn yourself by chasing high premiums and get stuck bag holding a stock you don't love.
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Timestamps:
0:00 Intro/What's My Deal
2:04 Cash Secured Put Assignment
3:10 First Example - $DDD
5:29 Second Example - $MAXN
7:23 Cash Secured Put Mindset
7:41 Final Thoughts