Things to consider

• The Swiss options on Eurex often show wide bid/ask spreads
• Open interest is low, so orders may take longer to fill—always use limit orders
• This strategy is best suited for investors who plan to hold their shares long-term but want to earn some extra income while doing so

Strategy 2: Selling a cash-secured put on the U.S.-listed Logitech (LOGI)

What it is

If you don’t own shares yet but wouldn’t mind buying them at a lower price, you can sell a put option. This means you’re agreeing to buy the shares at a certain price if Logitech falls below that level by expiry. In exchange, you receive a premium now. This is known as a cash-secured put because you keep enough cash set aside in your account to buy the shares if needed.

Example

Logitech is trading around $87. You sell the July 2025 $82.50 put and receive $1.25 per share ($125 total).

• If the share price stays above $82.50, the option expires worthless and you keep the premium
• If the share price drops below $82.50, you buy the shares—at an effective cost of $81.25

Why use this?

• You get paid to wait for a better price
• The premium provides a small buffer against a drop in price
• It’s ideal for patient investors who like the stock but don’t want to chase the current price

LOGI vs. LOGN: understanding the two listings

Logitech is a dual-listed company. That means the stock trades in:

• CHF as LOGN on the Swiss exchange
• USD as LOGI on the U.S. Nasdaq exchange

Each version has its own option contracts.

In short:

• If you already own Swiss shares → use Eurex (LOGN) options for covered calls
• If you want to potentially buy shares → use U.S. LOGI options for cash-secured puts

Summary table

Frequently asked questions

Can I trade U.S. options from Switzerland?
Yes, if your Saxo account is set up for U.S. markets, you can trade listed options on LOGI.

Will I lose my shares with a covered call?
Only if Logitech rises above your strike price. Then you’ll sell your shares at that level—but you still keep the premium and any gains up to that price.

Is there a risk of assignment early?
Yes, especially if Logitech is trading above the strike just before the ex-dividend date. This is common with deep in-the-money calls.

What if I change my mind?
You can always close your option position before expiry by buying it back.

Final thoughts

This is not about speculation. It’s about using simple, conservative strategies to generate income or reduce entry costs—while staying aligned with your long-term investing approach.

Logitech gives us a clear, real-world example:

• It’s dual-listed, making the comparison between exchanges practical
• Its sideways price action and liquidity setup offer good teaching value
• The trade-offs between premium income, purchase price, and risk are easy to grasp

Start small, take your time, and use these kinds of situations to build comfort with options as a useful tool—not a gamble.

All examples are for educational purposes only and do not constitute investment advice.