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XWAVXALMIMAN

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XWAVXALMIMAN

Re: midastouch017 post# 2712

Tuesday, 01/19/2021 3:08:30 PM

Tuesday, January 19, 2021 3:08:30 PM

Post# of 3895
I don’t recommend covered calls. You may miss out on a large gain.
I have done covered calls in the past on stocks like IBM which are stable and pay a dividend but on a volatile stock like this that can double or triple you may miss out. Maybe it’s just because of my experience with Facebook. I bought at 21 and sold 28 calls for a few months keeping the premium when they expired worthless. Then I lost my shares 1 month. I had a nice 33% gain but missed out on a 10 bagger.
Which calls are you selling? I don’t even have options on my account so I won’t be tempted.
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