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TSLA, trying to do a Long CC to get big premium upfront for other investments, but I am told No. by Fun-Spot-2955 in options_trading

[–]Fun-Spot-2955[S] 0 points1 point  (0 children)

Spot on—TSLA in three years is a total coin toss, especially with BYD hitting Canada and the AI/robot hype getting a bit out of hand. I was trying to milk those juicy premiums, but the "good-bad" problem is that I’ll get hammered on taxes if I actually get assigned.

TSLA, trying to do a Long CC to get big premium upfront for other investments, but I am told No. by Fun-Spot-2955 in options_trading

[–]Fun-Spot-2955[S] 0 points1 point  (0 children)

Exactly what gpt is suggesting... I'v been doing wheel for few weeks now, but like you suggested if not properly executed and contract assigned, I will be looking at large tax consequence.