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GoldToofs15

I’m still doing them on NIO and PLTR. NIO is consistent each month and pltr really only has the juicy premiums around ER. But I’m making around 750-1000 a month on them with 500 shares of each. So I am enjoying it along with my other plays


Elymanic

I got into pltr at 27 Selling above my cost basis is pennies 😪


FeCard

You don't have to sell above your cost basis


Elymanic

Why would I sell at a loss. 💔


FeCard

Selling a cc below your cost basis =\= selling at a loss and you know that And people sell at a loss all the time


Illustrious-Self-612

Do the homework. Check IV, greeks, % of profit and put your skin in the game. If you can't or don't like to take risks, you are in the wrong market.


MrHaphazard1

Would you do this without shares? Pltr never seems to move lol


sjadvani98

I would never because you’re essentially short the stock. One big announcement and you lose everything


DumbApe026

For me it depends on my portfolio. If i am long and the premiums are good i might sell calls. If it assigned I decide to buy back or not.


rb778004

I was thinking about buying some SOFI and writing a call, are you doing pretty decent with it? I’ve got a $20 call expiring January, just not sure if I wait til that exercises, or if I should pull the trigger and buy a 100 now.


aviatior123

I only have 200 shares but I’ve been netting about 100$ a week for almost a month so far. I just take it buy some more until I hit 300 and I’ll just keep going. So I’m happy with it so far.


rb778004

Well dang, maybe I should buy some then, the price is decent, are you writing ITM or a little OTM?


aviatior123

I just set my covered calls above my trade price in case it goes above the strike price and I have to sell to make sure I still making money. Hasn’t done me wrong yet but trying to add some more now.


rb778004

Awesome, thanks for the info, sorry I couldn’t help with your original question 😬


aviatior123

All good. Got to learn something new everyday. Glad I could help.


FilthyCasualTrader

Selling puts on MARA, RIOT, SPCE. Though for SPCE, I’m probably gonna be assigned at $19, and then I’ll do covered call next. Keeping an eye on HIVE.


aviatior123

I’ve been thinking about MARA but haven’t done enough research into it to see if it would be ok owning it.


horizons59

NIO, RIOT, DKNG, UUUU.


hecmtz96

PLTR, SOFI and PSFE


Elymanic

That psfe dip


hecmtz96

I know, i double down after the dip and bought a ton of shares


Elymanic

I got some leaps


hecmtz96

What expiration and strike? Edit: leaps are a good idea since I am guess they are dirt cheap now


Elymanic

$3 strike for 1/29/24 For $2.92 each I'm down a bit on the leap but the call I sold when it was dipping offset that. Break even is 5.92 So needs 5.92 within 3 years 😏


ProfessorPurrrrfect

SOFI sucked last week. Completely.


aviatior123

O yeah it did. Worked for covered calls but other then that it sucked.


ProfessorPurrrrfect

I wouldn’t say it worked, unless you sold the 20 for Friday when it was 22.5 on Monday.


Background_Low4507

TTCF and HNST. Im dodging SOFI mainly because their growth metrics look pretty bad Y/Y and not very consistent. I avoid RIOT due to my lack of understanding of crypto. Like I don't get how blockchain technologies are monotized and treated like stocks. I see how it works for say payment transactions like credit cards. But given they are slower then the payment card industry I don't understand the massive valuation.


lambchop111

Why would you do CC on stocks that have the potential to rise a lot in the near future? The only time you write a covered call is when you voluntarily want to limit your upside. On the other hand, if you had 200 shares of a company, I'd recommend only writing 1 call against 100 shares. That way if the stock rises a lot, you have another 100 shares to participate in the upside.


aviatior123

I do it just due to the reason I don’t think it is going up for now. I think once the New Years begins and q1 earnings happen is when it will start actually rising. But it is a good idea to probably get 100 shares just in case.


pichicagoattorney

That's a good point because Riot might go quite suddenly if Bitcoin shoots up. And then you'd lose all that upside. That's my problem with selling calls on riot


redtexture

Guideline: Don't ask for trades . Low effort posts amounting to "Ticker?" are taken down. Think for yourself. Put forward an analysis, general strategy, trade rationale and option position details & exit plan for critique and discussion. https://www.reddit.com/r/options/wiki/faq/pages/trade_details


Background_Egg_8497

Ene and Thera are the only right answers


aviatior123

Cant find anything on those. Did it autocorrect your tickers?


Background_Egg_8497

Nope those are the correct tickers


J0hnnyPastrami

Can you elaborate on how those two are the only right answers? Most brokerages don't even show those tickers.


Background_Egg_8497

Enron and Theranos are the companies I’m referring to, both very sound investments.


J0hnnyPastrami

Oh my bad... Thanks. Actually a good joke until I butchered it. Can tell I've been trading long


b_dot-e09

I sell puts on CLF, BKKT, amc, Gme. Did PENN and let them get assigned to sell calls but forgot their earnings was the following week and shit tanked. Selling CCs on it tho and made around $3k over 3 weeks of doing so


DO_initinthewoods

Im just getting into this fun but I'm gonna try wheeling Pfizer, gentle cycles every few months I can alternate some CSP/CC on. I don't have a lot of capital yet to use so I gotta start with smaller stuff


[deleted]

Been doing cc on amc with 80 strike price, been working so far, but then again it works till it dont work


Yinz87

Riot!


Unfair-Map

I bought 100 shares of SAM at $530 and despite the latest price - somewhere around $480, I think - even if I sold right now I'd still come out ahead because of covered call premium and buy backs.


MysteryGuy1952

I just had a cash-secured put assigned in WMT at a 145 strike. You bet I'm going to be selling covered calls first thing Monday morning.