Do you just want to wait for SpaceX to drop to $80 before buying? Teach you how to make money while waiting with options 1、 First, let me clarify: what exactly do you want This article is only intended for this type of person: The target is SpaceX, code SPCX; The current stock price is around $150-160; You don't plan to buy now. What you're thinking is, 'If it can drop to around $80, I'm willing to enter the market.' Before the stock price drops, if you don't want to be idle, it's better to wait and earn some money at the same time. If that's exactly how you are, then the following strategy is perfect for you, and it only has one action, not complicated. 2、 Core idea: Use options to help you place a 'buy at a low price that will give you money' You now have two very simple choices: Don't do anything, wait until it drops to $80 before saying anything; Use options to buy at a low price, either buy goods at a low price or take a sum of money for nothing. The tool we need to use is to sell put options with low strike prices. Summarize this strategy in one sentence: I am willing to buy SpaceX for $90 in the future if it falls below $90; As an exchange, someone else will now pay me a "security deposit" (royalty) first. So, you have become: The price did not drop → did not buy → but you earned royalties; The price has really fallen sharply → forced to buy → but the buying price is close to the low level you agree with in your heart. 3、 How to do it specifically (explain with a simple numerical example) Set the premise Assumption: You have approximately $50000 in your account; There are currently no SPCX stocks available; If it falls close to $80, you are willing to buy about 200 shares as long-term holdings. Then we will design according to the principle of 'up to 200 shares of pending orders'. Select contract: Put at the strike price of $90 Subject: SPCX Type: Put Strike Price: $90 Maturity Date: Approximately 3 months later (e.g. September 2026) Operation Direction: Sell to Open Quantity: 2 Why two? 1 option=100 shares, 2 options=200 shares, exactly matching the amount you plan to buy. How much cash do I need to prepare? Selling Put is essentially agreeing to someone else: "If it falls below the exercise price, you can force me to sell 100 shares, I agree Each Put corresponds to 100 shares, with an exercise price of $90 → nominal purchase amount=$9000, sell 2 shares → $18000. Suggested approach: Set aside $18000 in cash in the account as funds for "ready to buy 200 shares of SPCX at any time". This is the so-called 'cash guarantee sale put'. How much royalty can be collected roughly? SpaceX has high volatility and options are expensive, even with a strike price of $90 and a 3-month maturity, the premium is not low. Roughly estimated at $5-7 per share, take the median of $6 per share: one 100 shares earns $600, and two shares earn $1200. That is to say, using $18000 in cash and hanging it for 3 months to buy 200 shares at $90, while receiving $1200 as occupancy fee. 3-month yield: $1200 ÷ $18000 ≈ 6.7%. Not counting the annualization, just three months is already quite impressive. 4、 What will happen when it expires? Scenario 1: SPCX above $90 upon expiration For example, on the day of expiration, the stock price may be $110, $130, or even $200: Put becomes completely worthless and naturally becomes invalid; No one will ask you to buy their stocks for $90; What you earn is the $1200 royalty you previously received; $18000 in cash is still available and can participate in the next round of operations. Result: You didn't buy SpaceX, but you took $1200 for nothing. It's like hanging up a "buy only after a deep drop" bill. Although it didn't sell, someone else gave you the money. You can choose to sell the next $90 Put until one day it falls into your range. Scenario 2: SPCX falls below $90 at maturity (e.g. $80) This is the 'opportunity' you initially envisioned. Assuming the stock price at maturity is $80: Put is highly likely to be exercised. You need to buy 200 shares for $90, with a nominal purchase amount of $18000; But you have already received a royalty of $1200, and the actual purchase cost is not $90, but $90 − $6=$84/share. On that day, the market price was $80, and your floating loss=($84 − $80) × 200=$800. This is the price you are willing to bear: you were originally only planning to "buy again when the price drops deeper", but now you have indeed entered the market at a price close to your ideal level. From a long-term holding perspective, you waited for 3 months until a relatively cheap buying price, and also received $1200 in advance to offset some of the downward impact. Finally, you bought 200 shares of the company you have been bullish on for the long term at an effective cost close to $80. 5、 Why choose $90 instead of the higher $135? Many tutorials teach people to sell put below the current price, such as $135, which makes it easier to close deals. But for you, this clearly doesn't match your own judgment. Your true judgment in your heart is: "I only felt cheap when it fell to around $80 Compare it: Execution price of $135: Assigned nominal purchase price of $135, with a real cost of approximately $123-125 after deducting the premium. If it really falls to $80, it is equivalent to buying halfway up the mountain, with huge floating losses. Execution price of $90: The assigned nominal purchase price is $90, and the actual cost after deducting the premium is about $84. If it really drops to $80, the cost will be close to the ideal low, which is acceptable. On the premise that you believe there is a chance to see $80 in the future, $135 is no longer considered a discounted purchase, but a clear danger zone. Only by lowering the execution price to $90 or even lower, can it truly meet your definition of 'cheap' in your mind. The execution price for selling Put must be set in the area where you are truly willing to hold it and will not regret even if it falls further. 6、 Quick copy of execution steps Confirm permissions and funds: Confirm that the US stock option trading has been opened and leave at least $18000 in cash in the account, do not use it for other purposes. Contract selection: The target SPCX will expire in about 3 months, with a put price of $90. Order parameters: Sell to Open, quantity 2, limit price not less than $6/share, submit and wait for transaction. Afterwards: Use $18000 as a reserve fund; Observe the trend before and after maturity - if it remains above $90, feel free to take the premium and consider whether to close the position early or close to zero at maturity; Be mentally prepared to be assigned if you keep falling towards $90 or even lower. After expiration: not assigned → earn royalties, evaluate whether to sell the next installment; Assigned → Received 200 shares at a cost of approximately $84 per share, and then managed as a regular shareholder. 7、 Who is suitable for? What are the risks to be aware of Suitable individuals: not pessimistic or even optimistic about SpaceX in the long run; Sincerely feel that 'falling to around $80 is quite fragrant', willing to buy and hold there; Short term not in urgent need of money, able to allocate some cash specifically for opportunities; Have a basic understanding of options and can accept short-term floating losses. Main risk: If the market is very pessimistic and SPCX does not stop falling to $80, but instead to $60 or $50, you will still be receiving goods at an effective cost of $84, and short-term losses will be more significant; If the stock price drops sharply before being assigned, the put sold will have a significant floating loss (but as long as the intention is to receive the goods, this floating loss is essentially a part of the future stock cost); Options themselves are complex tools, and securities firms may have higher margin requirements. Before operating, it is important to carefully read the rules. Even if the execution price is set at $90, it is important to control the quantity and only sell the portion that you are truly willing and able to accept. 8、 Bitget US stock options have just been launched, can this strategy be directly applied? By the way, Bitget US stock options have been launched, using AVS Omni clearing mode. Existing securities accounts can be traded directly without the need to open separate accounts or transfer funds. However, it should be noted that Bitget currently adopts a buyer strategy (buying call/put options), and for risk control reasons, the first phase has not yet opened the option to sell (short). In other words, the operation of "selling put for premium" mentioned in the article cannot be directly carried out on Bitget at the moment, and requires securities firms that support bare sell/cash collateral for selling options. If you just want to lay out the direction of SPCX on Bitget, you can consider corresponding buying strategies, such as directly buying Put with low execution price to provide insurance for your position, or buying Call for rebound elasticity outside the price. The logic is similar to the idea of judging the execution price mentioned above. It is said that the seller's strategy will be updated in subsequent versions, and the complete process can be directly moved over at that time. 9、 Summary: Use an action to turn "wait for it to drop to $80" into a profitable plan If we summarize the demand in one sentence, it would be: 'I don't want to buy SpaceX now, I just want to wait until it drops to around $80 before making a move, but in the process of waiting, I also want the money to be in vain.'. " The plan is this: choose SPCX put options with an exercise price of $90 and a 3-month expiration date, sell 2 options, use $18000 cash as collateral, and have a high probability of receiving around $1200 in royalties within three months. Did not drop to $90 → did not buy but earned royalties; Falling below $90 → Assigned to buy 200 shares at a cost of approximately $84 per share, approaching the desired 'cheap zone'. You don't need to understand a bunch of complex combinations, just use this move proficiently.