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Originally Posted by legav05
Because you get to collect the premium no matter if the call expires ITM or OTM.
You should save the "income strategy" for some boring stock like GM, definitely not one with an apparently infinite upside.
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No, you only keep the premium if you sell and OTM call and finish OTM. If you sell a call ITM and finish higher then the strike you keep the extrinsic value and more. You can make between 20-40% a year selling calls on your shares. I usually only sell weeklies and been doing for a while. I love Tesla like you but stocks don't go up forever. I am mind blown about the latest stock movement. You been holding the stock for way longer that I have congrats
you must be loaded. I been holding since $180s.