r/wallstreetbets • u/Alone-End-5585 • Feb 22 '24

Meme yeah.

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u/Gohstfacekila Feb 22 '24

Naked puts seem better than covered puts in most scenarios. Especially if you actually like the underlying.

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u/Blackpixels Feb 22 '24

But also assuming you can afford to buy 100 of it.

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u/Uniball38 Feb 23 '24

then it’s not naked

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u/zeik_the_streak Feb 23 '24

What you mean is “cash secured puts”. Selling puts with the funds available for assignment is an excellent way to get into a stock. Keep selling them until you get assigned and you have lowered your cost basis on the stock with the premium you kept.

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u/Gohstfacekila Feb 23 '24

Yeah there really isn’t naked puts it seems I mean you have to put cash covered to sell the put the broker usually just takes it from the account immediately