Mohacsy's Safe Portfolio Member Forum

[10nisman]

Nick, this dude is a fairly useless troll. I normally have him on ignore. Never offers his own investing advice with supporting evidence. Always accusatory and just trolls other people's posts. He also doesn't understand much about options and apparently does not read very well.

Someone isn't happy today and it clearly isn't from my post. As I mentioned before my day job limits the companies and industries I can talk about and thus, I don't post very often. Nothing in my posts were accusatory or trolling.

I love the part about how it's impossible to lose money on a covered call. It's especially funny because I just posted a 4% loss on an IBM covered call this morning. I guess I better call Schwab and let them know our new troll says it's impossible.

I've been trading options for over 20 years and it takes a financial genius to lose money on a covered call. Clearly, you lost money on the equity piece and not on the actual call option, unless you traded out of the call for a loss. Nick only talks about the call options he sells which is impossible to lose (as I mentioned) unless of course one trades out of the option vs. waiting for the call to expire.