i was under the impression that a covered call was just like a spread:
>buy call on SPY for $295 strike
>buy put on SPY for $295 strike
either way the price goes you are still ITM and OTM on one side so your profit is the difference between your avg buy in price. always still in profit.
just fucking google it
Yeah no
well what is what im talking about then? what strategy is that
GOOGLE IT RETARD
FUCK OFF
You shouldn't be trading options if you don't even know what a covered call is
freaked out over a tweet and a -1.5%: no
worry about being long stocks if another 2008 happens, without more cash on the side to buy in: yes
it's nice to have a more stable position, but don't be caught napping. you should have a number and exit strategy for each of your positions.
someone explained to me that that is a covered call. if it isnt a covered call then what is it?
Going full boomer and selling covered calls on your dividend aristocrat DRIP portfolio is comfy af.
I took too many positions to evaluate all at the open without letting a few plummet...
And it’s getting tedious using both Schwab and RH
Start setting limit sells and stop losses now?