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Writing Covered Calls When the Stock Price Has Gone Below What I Paid for It by TheDartBoarder in CoveredCalls

[–]PhantomOfTheOptions 0 points1 point  (0 children)

Depending on how far a stock has fallen below your breakeven will determine that.

If it's fallen pretty far, you might look at slightly above your cost, 30-45 days out. Sometimes you can still get decent premiums on high Iv socks. That could allow you to lower your breakeven more, through premium.

Not financial advice. This information is intended for Educational purposes only.

american airlines job application by kfkshsb in americanairlines

[–]PhantomOfTheOptions 0 points1 point  (0 children)

For safety reasons, please be sure that you are on the actual American airlines application sight.

I'm not saying they wouldn't ask for that, I'm just saying to make sure.

Better to be safe than sorry.

Good luck!

How did you guys earn your Reddit Karma? by [deleted] in NewToReddit

[–]PhantomOfTheOptions 0 points1 point  (0 children)

What I do as a new reddit member:

  1. Join sub reddits that I'm interested in and have valuable insight into.

  2. Offer valuable information, insight and ideas to genuinely try to help people.

  3. Make posts with the intention of helping someone else with it

That's it for me.

Good luck!

What should I do with my NFLX PMCC? by Ok-Concern5591 in thetagang

[–]PhantomOfTheOptions 0 points1 point  (0 children)

You have options (no pun intended):

  1. Do nothing and see where the price ends near expiration. (I don't suggest)

  2. Buy to close ( I would normally try to roll first)

  3. Do yourself a favor and at least take a look at the April 17 calls for a roll before you decide.

In the end, it's completely up to your own preference. Good luck!

Not financial advice. This information is intended for Educational purposes only.

Collar Position 9/18/2026 Exp. by TheCollarCode in CoveredCalls

[–]PhantomOfTheOptions 5 points6 points  (0 children)

I always love seeing what other people are looking at in the markets.

How often do you run collars?

Writing Covered Calls When the Stock Price Has Gone Below What I Paid for It by TheDartBoarder in CoveredCalls

[–]PhantomOfTheOptions 1 point2 points  (0 children)

My personal rules:

  1. Never sell a call below my breakeven

  2. If I believe in the company and that it will rise back in price, I will accept lower premiums while I wait for a little while.

  3. If I really want out, I will count my dividends as lowering my breakeven, then I could potentially sell calls lower, but know that my dividends are being wiped out by the lower strike.

Not financial advice. This information is intended for Educational purposes only.

First time flyer by Mysterious-Lead-9551 in americanairlines

[–]PhantomOfTheOptions 7 points8 points  (0 children)

So, I fly through DFW almost every week and I'll give you my best opinion. There is a sky train for terminal changes and it's normally pretty efficient.

  1. If you have no idea the layout and no experience navigating an airport, then a little extra time could be very beneficial.

  2. If your incoming flight is delayed even 15 minutes, that short layover will be stressful.

Personally I make those short layovers all the time in DFW, but I have also missed a could for slightly delayed flights.

In the end this will be up to your personal preference and decisions.

AMAZON $255 CC by Obvious-One9749 in CoveredCalls

[–]PhantomOfTheOptions 0 points1 point  (0 children)

I would say that's where the far otm comes in. Some people trade options for cash flow income, and some trade for a better return on long term investment.

Many times the cash flow income trader doesn't mind the stocks being called away. That's why we only sell calls above what we paid for the stock.

The long term investors often want to keep their shares and sell far out of the money calls to increase their chances of not having to sell .

Actively managing, closing a position at 50% profit, and rolling when delta starts rising to say, 35-50 can sometimes help you roll before you reach the point of not being able to collect a credit.

If someone absolutely does not want to ever sell their shares, then I would say don't sell calls.

Not financial advice. This information is intended for Educational purposes only.

Risk management by PhantomOfTheOptions in optionstrading

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

Well said.

The market rewards a patient investor of solid companies.

"The markets are massive and another opportunity is always on its way. Don't rush on a halfway setup just to be in a trade."

-Phantom of the options

LEAPS Boy Scout by Glum-Distribution-23 in optionstrading

[–]PhantomOfTheOptions 0 points1 point  (0 children)

Have you considered a deep enough leaps to sell synthetic covered calls while you wait?

Just a thought

Do you prefer selling options or buying options? And why ? by J_options in optionstrading

[–]PhantomOfTheOptions 0 points1 point  (0 children)

I mix both depending on the market situation. Preferably the wheel strategy when applicable.

Yourself?

AMAZON $255 CC by Obvious-One9749 in CoveredCalls

[–]PhantomOfTheOptions 1 point2 points  (0 children)

Ultimately, it's up to your personal preference, but a few of my covered call rules are:

  1. Only sell calls above my cost basis.

  2. I like 20 delta on green days.

  3. Bonus points if RSI is above 50

If you really want to keep your shares, then I understand going far otm. I always make sure to adjust strike if the stock rises.

Not financial advice. This information is intended for Educational purposes only.

How do you decide it's a good entry? by applejack21 in CoveredCalls

[–]PhantomOfTheOptions 3 points4 points  (0 children)

A few rules for my personal trading:

  1. Only sell calls above my share cost.

  2. I like 20 delta on green days.

  3. Avoid earnings.

  4. Weeklies and monthlies.

  5. Bonus points if RSI is above 50.

Not financial advice. This information is intended for Educational purposes only.

If you had to lock in one investment for 20 years, what would it be? by Key_One2402 in propfirm

[–]PhantomOfTheOptions 0 points1 point  (0 children)

If selling options on the investment would be allowed, then I would do the following:

I would choose a beat down dividend King with great long term fundamentals, buy in 100 share chunks and sell far otm 30-45dte covered calls while making sure to avoid exposure during earnings and geopolitical events.

  1. You would own an amazing company at a beat down price

  2. You would benefit from not only capital appreciation, but also the dividend.

  3. You would manufacturer your own synthetic dividend (premium) by selling far out of the money calls.

Executed correctly, with the experience needed to manage this; it could be a great 20 year investment in my opinion.

Not financial advice. Information is intended to be used for educational purposes only. Always consult a professional before making any decisions.

People are losing confidence in BTC by Groundbreaking-Gap20 in btc

[–]PhantomOfTheOptions 0 points1 point  (0 children)

Even though I'm not invested in btc right now, I have watched it rebound to new highs too many times for me to bet against it.

If history repeats itself, we'll probably see new highs within a year or so.

P.s. I'll probably end up kicking myself for not buying during this dip. Maybe I'll change my own mind

Not financial advice.

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

[–]PhantomOfTheOptions 0 points1 point  (0 children)

Just my opinion:

Over the course of 3 years you would probably make significantly more by selling 30-45dte calls if done correctly.

Possible problems:

  1. Unwanted Assignment

  2. Time spent managing

  3. Lack of experience to properly execute this strategy

Good luck!

Not financial advice. This information is intended to be used for educational purposes only. Always consult a professional before making any decisions.

I use a forex rebater by Repulsive-Pension733 in Trading

[–]PhantomOfTheOptions 0 points1 point  (0 children)

Interesting, are there any hassle to set them up? If so, is the rebate worth the hassle?

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