u/imacompnerd
Reddit r/thetagang
Ticker
Side
Mentions
Opened
Entry
P&L
Thesis
Theme
Source
Long
May 29
$168.21
+0.8%
RDDT option premiums remain extremely high, and the author has profited $500k YTD selling them. High implied volatility creates a favorable environment for premium sellers, especially if the underlying stock does not collapse. Selling cash-secured puts on RDDT is a way to generate income while being willing to own the stock at a discount. A sharp drop in RDDT share price could lead to assignment at a loss; the strategy relies on the stock not falling below the sold put strike.
RDDT option premiums remain extremely high, and the author has profited $500k YTD selling them. High implied volatility creates a favorable environment for premium sellers, especially if the underlying stock does not collapse. Selling cash-secured puts on RDDT is a way to generate income while being willing to own the stock at a discount. A sharp drop in RDDT share price could lead to assignment at a loss; the strategy relies on the stock not falling below the sold put strike.
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