Update: 18 months in and still making $5000-$6000/month. Waiting for those cannons....
I've done this a few times with cult stocks like $BYND and $TSLA. When the expiration day falls on the same day as earnings, if the earnings are...
You need to have a lot of cash on hand for this....it's likely out of your league.
I do something very similar except I keep a very large sum of cash on hand and sell the puts significantly below the current price. Almost always...
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