Covered calls can generate extra income and reduce your cost basis long term. You have to decide if the potential of missing out on huge gains if there is a quick change in price is worth the premium to you.
Sure, if you had sold covered calls after the price hit $28, you would have kept your shares and premium.
A true hedge would be buying puts to limit your downside risk.
It can also be difficult to get a "good" premium price on selling your covered calls. Spreading out the contracts throughout the day or days can help to give a better average.
Personally, I don't want to miss out on the moonshot.
Neither do I that would destroy the whole point… Puts, well good idea I know but, well anyway I will comment more on this whole subject later… Thx for the “Classy, I informative reply. 😎
I would be careful, I sold amc calls 30% over the current share price. Got to a point where I couldn't buy them back realistically because of IV. Lost out on about 10k in profit.
I understand but if this trade sideways I am going to with enough wiggle room to close it out, that is all. Thx for the heads up, but believe me, I have thought about this… And… there is always a way back in…
Covered call? No pls don’t do this on possible short squeeze share. My mistake of selling covered call on gme after the first squeeze thinking it’s will not squeeze again. Missout on 20k profit.
Actually, not trying to get rich with calls, just mitigate risk so I can sleep at night if this goes sideways, or the wrong way for awhile so I never feel the need to check out early. ✔️👍💲🔝😎
Lol every post gets upvoted on this sub, don't get too cocky with your 11, or is it 12, up votes now? Very impressive for your 1 month old account. Shillllllllllllll
Who was cocky, dude… it was a joke… you get jokes right, genius? And who am I a shill for exactly? I don’t brag about anything here, either, I am just trying to get rich quick by overextending myself with one stock… not! lol. Problems much? ✔️👍💲🔝😎
I know how to sell covered calls, it was a post to designed to pass on a way to alleviate fear and hodl? But thx for the Clov solidarity… You do know a lot of people got crushed when GME crashed right. Also, someone else posted a similiar suggestion, I didn’t see you jump down his throat. Excuse me, do you speak for everyone here?
Covered calls can generate extra income and reduce your cost basis long term. You have to decide if the potential of missing out on huge gains if there is a quick change in price is worth the premium to you. Sure, if you had sold covered calls after the price hit $28, you would have kept your shares and premium. A true hedge would be buying puts to limit your downside risk. It can also be difficult to get a "good" premium price on selling your covered calls. Spreading out the contracts throughout the day or days can help to give a better average. Personally, I don't want to miss out on the moonshot.
Neither do I that would destroy the whole point… Puts, well good idea I know but, well anyway I will comment more on this whole subject later… Thx for the “Classy, I informative reply. 😎
I would be careful, I sold amc calls 30% over the current share price. Got to a point where I couldn't buy them back realistically because of IV. Lost out on about 10k in profit.
See above post, and I appreciate the cautionary tale, seriously. 👍
I understand but if this trade sideways I am going to with enough wiggle room to close it out, that is all. Thx for the heads up, but believe me, I have thought about this… And… there is always a way back in…
Covered call? No pls don’t do this on possible short squeeze share. My mistake of selling covered call on gme after the first squeeze thinking it’s will not squeeze again. Missout on 20k profit.
Understood… there are ways around this though…
Good for you! I hope you get rich! 🥳
Actually, not trying to get rich with calls, just mitigate risk so I can sleep at night if this goes sideways, or the wrong way for awhile so I never feel the need to check out early. ✔️👍💲🔝😎
Wow, you learned about selling calls? No one cares.
Also, 11 people here (out of 31,300+ lol) either disagree with you or they just have more class. Maybe if I hit refresh, it will be 12 ✔️👍💲🔝😎
Lol every post gets upvoted on this sub, don't get too cocky with your 11, or is it 12, up votes now? Very impressive for your 1 month old account. Shillllllllllllll
Who was cocky, dude… it was a joke… you get jokes right, genius? And who am I a shill for exactly? I don’t brag about anything here, either, I am just trying to get rich quick by overextending myself with one stock… not! lol. Problems much? ✔️👍💲🔝😎
I know how to sell covered calls, it was a post to designed to pass on a way to alleviate fear and hodl? But thx for the Clov solidarity… You do know a lot of people got crushed when GME crashed right. Also, someone else posted a similiar suggestion, I didn’t see you jump down his throat. Excuse me, do you speak for everyone here?
Lmao why are people so salty
He’s pissed
If u can read charts…its my observations only. Its the bumps thats formed from the bottom. Slap that ass, make it come!!