not gonna lie, this is an accidental win! I'm still learning the ropes, and my strategy is pretty simple. On a red day, I like to sell puts on a counter I'm bullish on to earn some premium income from the volatility.
I was expecting gold to keep rallying after "Liberation Day," but I needed a red counter to sell puts on. That's why I chose an inverse gold ETF$Direxion Daily Gold Miners Index Bear 2X Shares(DUST)$ , which I thought would keep dropping. So, I sold puts on $DUST 20250516 31.0 PUT$ with a super low strike price that I didn't think would get hit.
But, guess what? $Direxion Daily Gold Miners Index Bull 2X Shares(NUGT)$ dropped by double digits (my inversed version rose double digits)! That made my put a lottery win! I closed my position to take profits and manage my risk. Consider it a soft cushion to land on a deep red day.
Still learning, still growing!
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