Replies to post #111365 on Savvy Trades and Investments

[researcher59]

Rolling over covered calls after just a 20% profit would be less profitable because the premiums will rapidly diminish as the stock stabilizes. Instead of getting $1.10, the call will fetch just $0.50 within a day or two and $0.35 a week from now. These sky high premiums don't last long at all. If they did it would be easy to get rich quick.