I agree and options are priced that high because of the risk. My
point was if someone had a core position that they planned to not
sell like avg cost was 300 or something, then they could sell
covered calls way out of the money that have a very small
likelihood of getting hit and generating some extra cash out of
their position.
definitely agree with selling calls against TSLA , Just
would be very careful about selling puts to offset cost of stock,
in this particular case. I'd prefer to sell puts on something I
think maybe bottoming or near major support and use the proceeds to
purchase stock or calls.
i sold covered calls on thursday at close and had to buy them
back on friday. i sold off most position monday at close and
rest this morning. I was planning to sell calls again but figured
it was much easier to sell after a 400 point move in 7 days . I
always find it difficult to manage with covered calls esp with
momentum stocks. 50% success so far.
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I agree and options are
TSLA options
Posted by matt on 7th of Jul 2020 at 07:13 pm
I agree and options are priced that high because of the risk. My point was if someone had a core position that they planned to not sell like avg cost was 300 or something, then they could sell covered calls way out of the money that have a very small likelihood of getting hit and generating some extra cash out of their position.
definitely agree with selling calls
Posted by jtsurfah on 7th of Jul 2020 at 09:34 pm
definitely agree with selling calls against TSLA , Just would be very careful about selling puts to offset cost of stock, in this particular case. I'd prefer to sell puts on something I think maybe bottoming or near major support and use the proceeds to purchase stock or calls.
i sold covered calls on
Posted by arun on 7th of Jul 2020 at 08:15 pm
i sold covered calls on thursday at close and had to buy them back on friday. i sold off most position monday at close and rest this morning. I was planning to sell calls again but figured it was much easier to sell after a 400 point move in 7 days . I always find it difficult to manage with covered calls esp with momentum stocks. 50% success so far.