One of the stocks we have been looking to Sell Puts on is Spotify. There are several reasons to like the stock with it being one of the potential growth stocks over the next couple years. Like Netflix, Spotify has the potential to really make waves in the music industry and it is one of the stocks I want to own for the longer term in my aggressive growth portfolio. However I do not like to overpay, and if I am going to buy, I want to get paid to buy.
This is where we use our aggressive options strategy. Not a short term get rich or make 20% a week, or $3500 a day BS strategy, but a longer term strategy that looks at base hits and uses the premiums collected to buy the stock outright.
We are looking at Selling Puts in the 130's with the intent of having the stock assigned. The premiums are nice and juicy on this one, and Spotify is simply the flavor of the week!
This is where we use our aggressive options strategy. Not a short term get rich or make 20% a week, or $3500 a day BS strategy, but a longer term strategy that looks at base hits and uses the premiums collected to buy the stock outright.
We are looking at Selling Puts in the 130's with the intent of having the stock assigned. The premiums are nice and juicy on this one, and Spotify is simply the flavor of the week!
