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How I Use Cash-Secured Puts to Buy Stocks at a Discount
I use cash-secured puts in 3 scenarios — overvalued stock I want, post-earnings elevated IV, oversold conditions. My AAPL example: $3.20 collected, $196.80 effective cost.

I use cash-secured puts in 3 scenarios — overvalued stock I want, post-earnings elevated IV, oversold conditions. My AAPL example: $3.20 collected, $196.80 effective cost.

Sold covered calls on AAPL at $204.80, capping upside at $210 while hedging against a worse-than-consensus China earnings miss.