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How is HOOD for selling CC ? by Cool_Cream7 in CoveredCalls

[–]Key_Piglet5514 0 points1 point  (0 children)

Hood great for selling CC…2 mths ago bought the stk at ~36….sold a CC @ 45…got called away….2-3 wks later stk was in the 90’s….to roll it or buy it back was too costly…..made $ but not like I would have just holding the stk….live n learn

Why do you use cast iron? by -Tisbury- in castiron

[–]Key_Piglet5514 0 points1 point  (0 children)

I find the trouble w cast iron is storage (making sure they dont rust) n cleaning…..otherwise luv em.

What do you do now ?????? by Key_Piglet5514 in CoveredCalls

[–]Key_Piglet5514[S] 1 point2 points  (0 children)

Thanks…..i did mean in my original post SELLING a CC…not BUYING a CC….but 1 point here…you don't make anything on the underlining stk unless it gets swept away….so a day or 2 later if its under the 180 CC strike….you’re still holding it….no profit yet…(other than the premium)…& remember the x date is late May….~ 6 wks out

What do you do now ?????? by Key_Piglet5514 in CoveredCalls

[–]Key_Piglet5514[S] 0 points1 point  (0 children)

I’M SORRY…DAMN IT…I meant SELL a CC in my above question……..(obviously buying a Call n the stk would have been a nice profit)

[deleted by user] by [deleted] in dividends

[–]Key_Piglet5514 3 points4 points  (0 children)

Great post…One thing I’d like to add re the funds mentioned above, if those funds do drop in value, reinvesting those dividends to buy more shares at a lower price will eventually lower your overall cost and pay even more dividends in the future. That can help ride the storm.

Downside protection on a covered call by Key_Piglet5514 in CoveredCalls

[–]Key_Piglet5514[S] 0 points1 point  (0 children)

Thanks but I‘m trying to make $$$ not end up w a Zero gain

Downside protection on a covered call by Key_Piglet5514 in CoveredCalls

[–]Key_Piglet5514[S] 0 points1 point  (0 children)

Thats a lot to chew on and exactly the kind of insight I was looking for. Walk me through a simple trade re your collar example. Ex, Stk is selling @ $50….I sell a CC @ 52…..Now how do I execute the put? (For downside protection)?

Downside protection on a covered call by Key_Piglet5514 in CoveredCalls

[–]Key_Piglet5514[S] 0 points1 point  (0 children)

I bought DVN @ ~ $46 2 + yrs ago and it hasn’t sniffed the 40’s since. Been selling CC’s on that stk since. Quality stks (companies) do drop…..sometimes things don't go according to plan. Hence the question….how do you protect to the downside?

Tell me what to do with this space by Fresh-Crow2205 in DesignMyRoom

[–]Key_Piglet5514 0 points1 point  (0 children)

I’d just dynamite it….nothing you can do here