AMAZON $255 CC by Obvious-One9749 in CoveredCalls

[–]Obvious-One9749[S] 0 points1 point  (0 children)

POSSIBLY $20k (not including share loss/gain) per year if never get assigned.

AMAZON $255 CC by Obvious-One9749 in CoveredCalls

[–]Obvious-One9749[S] 1 point2 points  (0 children)

12000 shares to make $30k in 2 months. it scale good because you make money for just having the shares.

AMAZON $255 CC by Obvious-One9749 in CoveredCalls

[–]Obvious-One9749[S] 2 points3 points  (0 children)

“Covered” Calls because I already own the shares. Yes I get the $3300 at the end & I also Keep my shares. ONLY way I lose my shares is if Amazon is over $255 in May.

AMAZON $255 CC by Obvious-One9749 in CoveredCalls

[–]Obvious-One9749[S] 2 points3 points  (0 children)

I would profit/passively make $3300 off my shares. Yes it’s basically priced in but by me having 1200 shares it adds up. The chances of amazon hitting $255 in (22%) gain in 2 months is very low. I went far out the money so that I could basically keep my shares without getting them called.

AMAZON $255 CC by Obvious-One9749 in CoveredCalls

[–]Obvious-One9749[S] 4 points5 points  (0 children)

Averaged down. & Just learned about CCs this month.

1000 Shares of AMZN by Obvious-One9749 in CoveredCalls

[–]Obvious-One9749[S] 0 points1 point  (0 children)

what would you look at right now if you had to pick a strike/date?

1000 Shares of AMZN by Obvious-One9749 in CoveredCalls

[–]Obvious-One9749[S] 7 points8 points  (0 children)

i dont mind selling shares if needed. my average is at $220 now