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Open an account with interactive brokers.
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Sign up for yield enhancement program.
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Buy thousands of shares of SHLD, SNAP, JCP, or equivalent trash stock.
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Buy long term deep in the money puts to protect your share value. Jan 15. 2021 $4 puts on SHLD for example are selling for $3.75. Cost to break even is 9-10%. In other words, for a 10% fee, you are protecting your investment for 2.5 years.
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Loan out your SHLD shares to short sellers. Borrow rate varies between 35% and 70%, you get half.
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Profit.
In January 2021, exercise your puts and sell back your shares for $4 a share.
Someone tell me where i'm going wrong?
Submitted October 05, 2018 at 03:49PM by missedthecue https://ift.tt/2OdojwA
