I just sold a put option at 245 for MSFT expiring on 2/18/22. If it gets there, it will be a 18% drop from here or 30% from the top. and I am buying this anyways at that price. If it doesn't get there, I keep the cash.
Note
I am pricing in a drop very similar to the one from the COVID drop in 2020 (about 30% from top to bottom). If it is going to drop more, I can buy more.
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