Myklemon,
When you sell the PUT you are not SPENDING you are collecting the $710
If the puts gets assigned to you ($65 strike minus the $7.10), that is when you are spending $5790.00.
I hope that is clear
Erik
P.S. I like the trade
Myklemon,
When you sell the PUT you are not SPENDING you are collecting the $710
If the puts gets assigned to you ($65 strike minus the $7.10), that is when you are spending $5790.00.
I hope that is clear
Erik
P.S. I like the trade