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Posted On: 08/21/2021 6:38:35 PM
Post# of 84295
and one more thing let’s say you have 100k shares your going to sell covered calls, so that’s 1,000 contracts you can sell let’s say unvc is at 10$ for example and you decide to sell a 15$ call(1000 of them) let’s say each contract is worth 0.30(30$) that gives u 30k instantly and let’s say those contracts start to lose value because that’s what coverered calls is your trying to sell the contract when it has most of its premium so let’s say you want to cover early instead of waiting till the end of the week for it, let’s say now that contract is worth .10(10$) you can buy them back it gives you an option so you buy 1,000 of em back it automatically cancels it out for you and you make the 20k difference instead of you waiting an extra day or two for that extra .10(10$) premium! and let’s say it does go to 15$ or higher and you get called out you still make that 30k plus 500k from it going to 15$. it’s so easy once you do it a couple times i can teach this shit to a 1st grader if i had to hahahaa! so technically if you are smart you can make money everyday if you time it perfectly and cover early it’s so much aspects you can do it’s nuts!
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