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Working-Ad-5683 t1_iy97tr7 wrote

Reply to comment by Whirly315 in Thankful for $GEO by mannahosanna

Don’t you need to have like 100 shares to sell puts though

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Whirly315 t1_iya2yt2 wrote

you need to own 100 shares to sell a covered call. selling a put is the other side, you need enough cash to cover buying 100 shares if the stock drops below your strike price.

i really like adam from InTheMoney to explain things. here is his video on the subject https://youtu.be/r_rKof8IdfU

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