Boiler Room: The Official Stock Market Discussion

Rickdogg44

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Covered calls are carrying my portfolio. I sold two appl covered in the last week for 90% profit.

my portfolio is actually green for the year.


Have 50 luv stocks. Bout to use the profits to get Some more so I can do covered calls on LUV.
This is the way. Or CSP and wheel if assigned. ... only wheel non growth tho imo

Educational purposes only
 

who_better_than_me

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This is the way. Or CSP and wheel if assigned. ... only wheel non growth tho imo

Educational purposes only
I closed to buy a covered call yesterday morning when it got down down .09 and opened up a another before lunch for 1.34. That new position already up 32%. Should be able to close out next week for 90% profit. Once I get a hundred dollars profit I usually be ready to close out.
I’m going hard right now because I got quad witching on my side helping with theta time decay.


@Rickdogg44 Bruh got a question. I see the 17 call option for NIO is priced at 18.55. If I get in that position and immediately exercise, What are the drawback?It seems simple in my mind but I feel like I’m missing something.

I pay for 100 shares at $17 with the premium I paid and I shouldn’t incur no loss right?
 
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mr. smoke weed

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Last year I sold TGT which I had at an $80 cost basis and bought WBA because the dividend was higher. It was a dumb move. 2020 wasn't supposed to be good for WBA though. The pandemic wouldn't have helped their sales at that time.
I would think as one of the medical supply stores, it wouldve helped it out tremendously..
 

K-Deini

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People was calling it a come back play because the movies will recover in a post COVID economy. At their best AMC is doubtful. The numbers don’t add up.
It's all about the squeeze. That's all anyone is talking about when it comes to amc and gme. Do people think it should be higher than 5 bucks? Yeah. Doesn't mean anyone thinks its a company to hold for retirement.
 

Liu Kang

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Aight so my last CLOV buy got hit at 6.65. I managed to average that thing down from 11+ to 8.08 but it's the last one. Die is cast on this, whatever happens happens now.
 
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