Last week, in my 48-Hour Income service, we sold a cash-secured put on healthcare diagnostics company, Castle Biosciences (CSTL).
In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks.
We noticed CSTL put premiums were elevated with options expiration coming up.
The lack of liquidity in the options, while posing a challenge, was also likely a reason for the higher premiums.
We sold the 17.5 puts and the stock remained well above our strike price, allowing us to collect about 2.8% in profits in just two days.
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