4 positions = 4 assignments = 400 shares of Fold = 200 shares to the stackers.4 positions = 4 assignments = 400 shares of Fold = 200 shares to the stackers.
As FLD stock heads to zero I am once again assigned my FLD cash covered put position:
Fold failed to rise above $4 a share thus I am assigned:
This equals a loss of $255.04
4th time I overpaid for 100 shares of Fold stock. I NEVER STOPPING!
With this assignment 50% of the shares will be moved into the Stacker Stocks Portfolio.
Now it is time to enter our next Cash Covered for the Put for the Month of March.Now it is time to enter our next Cash Covered for the Put for the Month of March.
Looking at the option chain we have some bids going into March. The goal is to get at least $100 of credit for the sale:
Would have loved to get the $3 strike but bids aren’t there. So back to $4 we go.
Fold cant get bid. The market doesn’t believe this company will be around thus the cheap price. But I like fold they are trying to build a product to get more people saving and earning bitcoin. Thus unless they dump their bitcoin stack or pivot completely away from bitcoin I will continue to buy this stock until I die or I go bankrupt. Which ever comes first.
Thanks Blok!