Thank you Tony. Clear, precise and instructive. Hope you and Grayson will do part II about closing some of the covered calls positions. Why close them early? What Greeks one can use to close a position? You mentioned that one can cut "losses". I thought even if one lets the option expire there is no loss. You still get to keep the premium, no? That part wasn't clear to me. I was NOT a fan of the new options feature in Stockcharts UNTIL I watched this clip! Now I know how to use this feature. Cheers. Mano @3pInvestor
You said a covered call is the only strategy that doesn't add risk to the portfolio, but that's incorrect. A covered put also does not add any risk to your portfolio. (This assumes you are already short 100 shares, but covered calls only do not add risk if you are already long 100 shares as well)
We need more of this. This is great. Thank you. Please bring more of these types of classes/ instuctions and tools to use.
Thank you Tony. Clear, precise and instructive. Hope you and Grayson will do part II about closing some of the covered calls positions. Why close them early? What Greeks one can use to close a position? You mentioned that one can cut "losses". I thought even if one lets the option expire there is no loss. You still get to keep the premium, no? That part wasn't clear to me. I was NOT a fan of the new options feature in Stockcharts UNTIL I watched this clip! Now I know how to use this feature. Cheers.
Mano
@3pInvestor
Excellent presentation with very useful insights for additional income!
Excellent presentation. Thank you!
Phenomenal....thanks!
👍
You said a covered call is the only strategy that doesn't add risk to the portfolio, but that's incorrect. A covered put also does not add any risk to your portfolio. (This assumes you are already short 100 shares, but covered calls only do not add risk if you are already long 100 shares as well)