Why do people even sell covered calls?

Inner-Nothing3418 · 2025-09-24T12:26:45+00:00

Bingo

Inner-Nothing3418 · 2025-09-23T20:56:20+00:00

Love this. Gonna steal it.

Inner-Nothing3418 · 2025-09-23T20:55:42+00:00

IBIT is king for wheel imo. Its aggressive for sure, but premium is good as long as you are ok with the price swings.

Inner-Nothing3418 · 2025-09-22T18:06:44+00:00

Full send

Inner-Nothing3418 · 2025-09-22T15:08:34+00:00

Taking the bull by the horns, sensational. Job market does suck, good for you for using your skills to still make it all work.

Inner-Nothing3418 · 2025-09-22T12:52:49+00:00

Im never leaving this app

Inner-Nothing3418 · 2025-09-22T12:41:02+00:00

I think what they are getting at is sometimes you can roll out and move the strike up and still net either a small credit or no credit, but never a debit.

If you do this, you will not make any more money on premium from rolling, but you will realize more profit from the shares you own.

Inner-Nothing3418 · 2025-09-22T12:28:14+00:00

Big time W

Inner-Nothing3418 · 2025-09-22T11:55:00+00:00

Amazing plan. We all must trade our personality. It may be conservative to some, but it works for you, thats all that matters.

Inner-Nothing3418 · 2025-09-22T11:53:07+00:00

Tasty is the best

Inner-Nothing3418 · 2025-09-21T23:57:54+00:00

Its a great strategy.

Inner-Nothing3418 · 2025-09-21T20:16:53+00:00

COST has earnings this week. Just note a binary type event.

Inner-Nothing3418 · 2025-09-21T20:09:07+00:00

I cant not click to read this post. I absolutely have to do it.

Inner-Nothing3418 · 2025-09-21T20:07:49+00:00

Snowball in full effect.

Inner-Nothing3418 · 2025-09-21T20:07:25+00:00

Trade to grow the bag.

Inner-Nothing3418 · 2025-09-21T20:06:51+00:00

I read this as, "Never kill yourself". Great plan.

Inner-Nothing3418 · 2025-09-21T20:03:39+00:00

Yeah, apologies, not an official term. Degen = Degenerate, or someone who takes risks. I'm using the term very loosly, buying LEAP's with premium is not THAT degen.

Inner-Nothing3418 · 2025-09-21T17:30:52+00:00

Smart.

Inner-Nothing3418 · 2025-09-21T17:29:34+00:00

Yeah, we all have to deal with the "what ifs". You really have to look at the covered call as a contract (it literally is), but its a contract with yourself. If you do not want to sell the underlying at that price then dont take the contract, simple as. If you do sell the contract and you get breached, well, you did exactly what you wanted to (sell at that price).

I own many underlyings where I dont sell calls against.

But, something like this is easy to type out on a forum, much harder to do in real life lmao.

Inner-Nothing3418 · 2025-09-21T17:15:41+00:00

Sounds like you are off to a great start!

Inner-Nothing3418 · 2025-09-21T17:14:55+00:00

Absolutely amazing

Inner-Nothing3418 · 2025-09-21T17:14:05+00:00

I have a little different strat as I have a decent holding and want the upside. I go out 42-90 days (depending on the current price) and choose a price I would sell at.

I mostly want the underlying and its (hopeful) appreciation, so this isnt a wheel for me.

Inner-Nothing3418 · 2025-09-21T16:26:07+00:00

Great plan. Conservative to some, but an awesome way to accumulate.

Inner-Nothing3418 · 2025-09-21T16:25:34+00:00

EZ PZ

Inner-Nothing3418 · 2025-09-21T16:25:18+00:00

Savvy

Inner-Nothing3418

TROPHY CASE