@tech_grc@MarketMovesMatt No because you would have an unrealized loss of from the drop in the price of the underlying which would become a realized loss when you sell it .
@pepemoonboy First mistake: buying on a green day. You overpay for the underlying and get less premium because IV is low. Second: You could get much better returns targeting quality sub $100 stocks like BAC or SOFI
@MarketMovesMatt If the "red day" turns into a "red month" , you will be forced to buy the stock at the strike price while its actual value is much lower, leading to heavy losses!
House hacking $160k duplexes worked in 2018, but in 2026 that same property costs $350k and at 6% interest ,your free rent becomes a $1,200/mo mortgage gap.
@MarketMovesMatt Worst Option Strategy Ever .If you have 100k and use it all to "secure" puts, you are 100% exposed to a market crash but have 0% of the "upside" if the stock goes up .You effectively "capped" your gains while still keeping the downside risk.