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Old 01-08-2021, 04:27 PM   #3099
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Join Date: Dec 2003
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Originally Posted by juanmedina View Post
Not really. It could be an income strategy or to provide some downside protection as. Why would some just put a sell order at the strike price instead if they are intending to sell the stock?
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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