Sold ACHR Oct 17 2025 $9 Put (123 DTE)
First position in ACHR
Today we sold a put on Archer Aviation (ACHR) — taking advantage of short-term volatility to build long-term exposure, without spending a dime of our own cash.
Here’s the full setup:
Entry
Sold ACHR Oct 17 2025 $9 Put (123 DTE)
ACHR251017P00009000
Opened: June 16, 2025
Entry Price: $1.31
Exit Target: $0.31 (To Close)
Underlying: $10.38
Buffer: 13.28%
Breakeven: $7.69
Max Risk: $900.00
Return: 11.11%
Prob. of Win: ~70%
Profit Target: $100.00Thesis
ACHR just raised $850 million — not because it had to, but because it could. The company now has nearly $2 billion in cash, fresh commercial partnerships, and a clean path to the 2028 Olympics. But because of the dilution, the stock dropped — and volatility spiked.
That gave us a window.
By selling the $9 strike put, we’re:
Giving ourselves a 13% cushion below the current price
Locking in $100 of premium per contract if it decays to our exit target
Taking the other side of a short-term repricing — and getting paid to do it
This is a name we want to own. This trade gives us a way to accumulate equity exposure without touching cash, and with a high likelihood of success.
What We Did With The Premium
We didn’t pocket the $100. We plowed it straight back into ACHR shares, buying at $10.27.
So even if the put never gets assigned, we’ve already added exposure — using premium, not principal.
This is what Collateral Compounding is all about:
Generate premium → reinvest it into names we believe in → repeat.
How It’s Managed
This is a set-and-forget trade.
We’ve already placed a limit order to close at $0.31
If the stock cooperates, the trade will close automatically, with no further action
We’ve also set a delta alert at 0.60
If delta climbs that high, we’ll roll the trade back to a ~0.30 delta strike with fresh time
Otherwise, we leave it alone
We expect this to close well before expiration — and if it does, we’ll look to redeploy the capital again. Same name, or new target, we’ll decide then.