Today I'm getting back to fundamentals with an income play, and $SNAP which turned bullish today and is oversold is positioned perfectly for a cash secured put.
I am trying to figure out how you computed the annualized return of 133.96%. The formula I used is (premium/risked funds)*(365 days/number of days to expiry) or (101/1,499)*(365/28) = 87.83%
I am trying to figure out how you computed the annualized return of 133.96%. The formula I used is (premium/risked funds)*(365 days/number of days to expiry) or (101/1,499)*(365/28) = 87.83%
$101 is premium paid for the strike price $16. 16 x 100=1600