Re: Options Trading on UNVC on NASDOC: Note:

Re: Options Trading on UNVC on NASDOC:

Note: To trade options, you have to be approved in advance for options trading by your broker. I was just approved by Etrade, but I’m not sure if I will trade any options for UNVC or not.

For anyone considering option trades once we get to the NASDOC please read the following:

Covered Calls
https://www.investopedia.com/terms/c/coveredcall.asp

Long Calls
Long Call Option Strategy for Beginners
https://www.warriortrading.com/long-call-option/

Long Call Vs Covered Call
https://www.chittorgarh.com/compare-options-t...-call/1/6/

I’m no expert, but from what I’ve read Long Calls might be the best way to go with UNVC. Long calls are normally purchased when you have a stock where you anticipate a huge upside potential.

Covered calls are used when the investor expects only a minor increase in the stock price. They limit your upside PPS to the selected strike price and you may be obligated to sell shares if the share price rises above your strike price, -not for me!

The simplest strategy is easy, just be patient, do nothing, and watch the UNVC PPS and your bank account grow day by day!