View Single Post
Old 01-08-2021, 05:35 PM   #3100
Scooby Guru
Member#: 133146
Join Date: Nov 2006
Location: SC
07 FPgreen [email protected]
WRX VF39+E85 12.0, 121mph


Originally Posted by legav05 View Post
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.
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.
* Registered users of the site do not see these ads.
juanmedina is online now   Reply With Quote