Selling Puts For The Sake of Exercising And Getting Premium
So I'm looking into ways to get out of a position in my portfolio and options look to be it.
Here are the details: I own 160 shares of WBD I DCA but the cost per share is $20
WBD is worth &9.70 right now What I plan to do: Sell puts at a strike price of $12 expiring at January 24, 2025. The bid is $2.02.
I don't mind buying 100 shares at $12 a share as I currently hold 160 shares at $20.
I would then use the $202 in premium and manually sell some of my shares that are extremely high.
The goal is to buy 100 shares at $12 AND get the $202 premium
Edit: I realize that the title doesn't make any sense now. What I mean is for the buyer to sell the 100 shares at the strike price