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r/thetagang
Cash secured put strategy help
Investor summaryBullish
Newbie asks for advice on managing a cash-secured put strategy for RKLB, willing to take assignment at $95.
Bull points
- Author is willing to take assignment and own shares at $95, indicating long-term confidence in the stock.
- Author previously bought at $10 and sold at a profit, showing a positive historical trading track record.
Post body
So I’m a bit of a newbie when it comes to premnium collection. I bought close to 3000 shares of RKLB at $10avg and exited at $130s. I wanna rebuy my position eventually so I bought 5 contracts CSPs expiring June 26 strike $95. I got $2500 in premium up front. Would I close this out at 50% gain? What risk does that mitigate and why do we say capturing the last bit of premium is risky? I would be content with owning 500 shares at $95. In terms of the my delta and other parameters did I pick a good strike or should I be following some kinda of rule?
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