This is crazy 🤯 Someone is willing to pay me $1,600 to buy $NBIS at $150 by January 2027. It's called a cash-secured put, and here's how it works: $NBIS is trading around $172 right now. You sell the $150 put expiring January 15, 2027 and collect $1,600 in premium up front. In exchange, you agree to buy 100 shares at $150 if the stock is below that price at expiration. You set aside $15,000 in cash to cover it, which is why it's called "cash-secured." The buyer is paying for the right to sell you shares at $150. Whatever happens, the $1,600 is yours to keep. One of two things happens: 1. $NBIS stays above $150. The put expires worthless and you keep the $1,600. That's a 10.7% return on $15,000 in 91 days, about 43% annualized. 2. $NBIS drops below $150. You buy 100 shares at $150, but your real cost basis is $134 after the premium, about 22% below today's price. The risk: if $NBIS falls to $110, you'd own shares worth $11,000 on a $13,400 cost basis, a $2,400 loss. Someone who bought 100 shares today would be down $6,210. Nebius also reports Q3 earnings before this put expires, so a big move in either direction is possible. Not financial advice. I share these for education.