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No. of Recommendations: 1
I look at it like this:

Your portfolio is about 16.93% as large as the Pro portfolio ($500,000 / $2,953,000)
The Pro portfolio has 2,800 shares, therefore your allocation is about 474 shares.

I would suggest that owned shares plus the number of shares you would receive if your Put contracts are exercised should be about 474. I would look at the number of shares represented by the Put options, NOT at the value of the options.

You could also calculate the number of shares as 2.4% * $500,000 / 25.03
25.03 is the current price of Square. This calculation gets 479 shares, because the 2.4% is rounded.

Assuming that you mean you have 10,000 worth of stock (which is about 400 shares) and one put contract (which represents 100 shares), so yes, I would say that you have exposure to 500 shares, and that the allocation correct.

Of course writing a Put is not exactly the same as owning shares, because you will be under allocated is the stock rises a lot and the other party does not exercise the Put.

See positions at:
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