I want to preface this by saying tomorrow I will have my preview of this week’s earnings and how I will play everything but in this post I wanted to discuss the trade of the week only.
Thanks a lot for the post and hope you’re doing good! ❤️
I was wondering if it’s a good idea to sell $103 covered calls (breakeven price of $109.5) for 7/29 against my GOOGL shares purchased at an average cost basis of $108. Another idea is to sell $115 covered calls (as you suggested in your latest vid). Do you’ve a preference depending on max premium to collect?
It’s just a matter of what you are trying to do. Is google a forever hold? If it is maybe 115 and you treat it like a dividend. If you’re trying to get rid of amazon that’s a different story. Personal opinion if it breaks here and sustains it’s gonna be a long road maybe some January calls short would be better at 120 or so
Ah yea! You came 2 days late, the good news is you can go back and see I’ve only written this for maybe 2 months I’m like 10-11 on these so next week I’ll have another
Thanks a lot for the post and hope you’re doing good! ❤️
I was wondering if it’s a good idea to sell $103 covered calls (breakeven price of $109.5) for 7/29 against my GOOGL shares purchased at an average cost basis of $108. Another idea is to sell $115 covered calls (as you suggested in your latest vid). Do you’ve a preference depending on max premium to collect?
It’s just a matter of what you are trying to do. Is google a forever hold? If it is maybe 115 and you treat it like a dividend. If you’re trying to get rid of amazon that’s a different story. Personal opinion if it breaks here and sustains it’s gonna be a long road maybe some January calls short would be better at 120 or so
Fair to say this Pins trade worked after today. Thanks for the post. Learned a lot already after reading my first article
Ah yea! You came 2 days late, the good news is you can go back and see I’ve only written this for maybe 2 months I’m like 10-11 on these so next week I’ll have another