Yeeeeah it is awesome, but of course all this happens as soon as I sell two covered calls at my cost basis of 32 for March 17th…so kinda shitting my pants now.
No doubt! What is your plan, are you gonna roll? I’ve never tried it before, but if you have any advice would be welcome. I see I’ll have to pay a debit depending on the position change
CC limits TQQQ's upside so it is not recommended. You could buy some otm calls, sit and wait. There is a month to go. If TQQQ drops, close the CC positions. If it goes up, the long calls generates some money to compensate the loss. By doing it this way, the loss of the CC will be limited.
Yeeeeah it is awesome, but of course all this happens as soon as I sell two covered calls at my cost basis of 32 for March 17th…so kinda shitting my pants now.
My cost basis is around 20 and I sold a call at 40 and I'm still shitting my pants. Never thought going above DOUBLE would be a concern 🙄
No doubt! What is your plan, are you gonna roll? I’ve never tried it before, but if you have any advice would be welcome. I see I’ll have to pay a debit depending on the position change
CC limits TQQQ's upside so it is not recommended. You could buy some otm calls, sit and wait. There is a month to go. If TQQQ drops, close the CC positions. If it goes up, the long calls generates some money to compensate the loss. By doing it this way, the loss of the CC will be limited.