2025-01-24 00:34
COVERED CALL TIPS:
1) ONLY sell covered calls (CC) against stocks you don’t mind letting go, when they are overvalued ir overbought
2) Keep a track of your cost basis. Every time you close a CC for profit, adjust your cost basis by the profit
3) ONLY sell CCs above your cost basis to make profits!
4) If your CC is in the money, consider rolling for additional credit. Adjust your cost basis with that extra credit
5) If you aren’t following me, you’ll probably never see these tips again!