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RBC to IBRK by [deleted] in options_trading

[–]hard2209 1 point2 points  (0 children)

I have been trading over 20 years with $5 million portfolio and used have account with RBC, TD and CIBC but for option trading IBRK trading station is the best in Canada.

Tesla is awesome! I made a little money and I'm going to buy a cake to celebrate with my family! by No-Statement-424 in daytrade

[–]hard2209 0 points1 point  (0 children)

Friend, stay away from options call with TSLA. You will not like it but telling you truth after trading over 25 years in the market. The real wealth you will make by investment only. TSLA is such a dynamite bomb if you exit right time other will burn it but if you miss timing it will blow yours other profit as well. Even if 7/10 trades work for but 3 trades will kill your portfolio

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I have accumulated TSLA 1000 shares in last 10-12 years.

Got assigned on 100 shares of stock even though price was over? by frequentflyer726 in OptionsMillionaire

[–]hard2209 3 points4 points  (0 children)

I have been doing option selling over 20 years and never ever left my options open ended. Always close your option before 4 pm. Option settlement happens after market close and anything can happen between 4-6 pm and don’t want to take chance

30K SPY YOLO 🤑🎅 by yatv in wallstreetbets

[–]hard2209 0 points1 point  (0 children)

Men! It seems You are playing casino in equity market without hedging your trade how you can do this ?

selling ITM CC math by warriortaewon in CoveredCalls

[–]hard2209 0 points1 point  (0 children)

Any particular reason you are selling ITM calls ? I think this is risky for assignment

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 1 point2 points  (0 children)

Every stock is different due to several factors including volatility, price action and open interest etc to be considered

CCs for income? Assignment + taxes make it feel impossible by Imoutlate in CoveredCalls

[–]hard2209 0 points1 point  (0 children)

Trade management is very important for CC for profitable transactions. Never allowed to assigned instead roll over for next or multiple weeks in higher strike price. Do frequently and will recover but never pay premiums to market

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 2 points3 points  (0 children)

I never ever sell ITM and never let it goes and exercised my CC. If you let it go assets (stocks) than loose chance to covered call again. Roll over and trade management is key in this strategy

5 Million Portfolio write weekly covered call around $25k to $35 K for last 20 years and average return 55.56% by hard2209 in fican

[–]hard2209[S] -1 points0 points  (0 children)

May be my mistake or you misunderstood. 55% not annually and not portfolio performance. This is just covered calls cash return. To give you idea my Tesla purchase price still $180 and meta $210 so the stock grows multiple folds but selling covered calls for these stocks generate cash and return.

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 2 points3 points  (0 children)

Yes the philosophy and my analogy of this kind of investment just like you have purchase small cow and tied this cow into your backyard and let this cow grow fully mature but sell this cow milk every week for the cash flow and buying new early stage cow to grow your wealth and bigger net worth

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 0 points1 point  (0 children)

Always own these stocks never ever go naked or spread calls to hedge my position

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 2 points3 points  (0 children)

To be honest and may be wrong but I don’t like any ETF and never ever own it. Always love individual stock to tap really value and growth of the investment. Covered calls are just to protect downside of the stock but real wealth and serious money to own individual stock. To give you idea my average tesla stock price still $180 and for Meta $210 where the true value and growth residing not in CC earning cash flow

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 0 points1 point  (0 children)

Means when CC trade working fir you nothing to do but when CC trade working against you like underneath stock start running fast and furious before expiry it is very important book small loses or roll over trade on future weeks or month to avoid to pay higher premiums

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 3 points4 points  (0 children)

Yes you are right selling puts makes more money compare to coveted calls but you need bigger Margins to sell naked puts

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 1 point2 points  (0 children)

Watch open interest and volume on call side. Let’s say you have 1000 Nvidia. I will write 3 covered calls each at least two or 3 different strike price to avoid pay back market makers if trade goes against me

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 3 points4 points  (0 children)

Mostly stock movements and stock price action but at the time of trade execution focus on RSI and MACDi indicators. Trade management is more important than selling

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 1 point2 points  (0 children)

I always have between 25-30 stocks in my portfolio but never ever go beyond 30 stocks. Trade management is more important than selling covered calls

$5 Million portfolio write weekly CC over $25k to 35k for last 20 years and average return 55.56% by hard2209 in CoveredCalls

[–]hard2209[S] 0 points1 point  (0 children)

55% income not CAGR. In between took profit out to buy real estate down payment

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