📈 GET UP TO 6 FREE STOCKS BY SIGNING UP FOR WEBULL USING MY REFERRAL LINK a.webull.com/i/MoreMoneyLessProblems (Stocks valued between $35 and $12,600. Promotion ends June 9, 2022)
I have been watching several YT channels on options and particularly covered calls for weeks. Your content is by far the most informative and gives us step by step instructions of what it looks like...plus transparent on your own choices. Fantastic!. Thank you!
Very nice delivery and to the point content. Would love to see more direct analysis you do e.g. The quarterly and yearly example in this video was very helpful as it shows you where and how you are doing things instead of just mentioning it. Best of luck with channel growth
Charlie, great info in your videos, I watched several and note that you don't favor selling puts or the wheel. If you're consistently selling CC's to generate revenue how do you get back in the game if your shares get assigned? Do you do a buy/write to get right back into the same stock or do you apply that capital to something else until the stock you sold cools off from the run that caused the assignment to begin with?
Thanks! When my shares get called away, I usually just evaluate whether I want to buy back into the same stock (which I usually do), or use that capital to buy a different stock. Also when I start writing covered calls on a stock, I'll usually buy 125 or 150 shares rather than just the 100 required for the covered call. That way, if the stock does rise quickly, I can take advantage of some of that rise and leave myself with a lower cost-basis when I do buy back in.
When looking at the three-month performance in a bear situation we have presently, do you take into account the overall downward trend of the market and adjust your criteria?
Hey Charlie one thing I dont get about covered calls tbh: you spoke about the upfront cost in the last vid. If a stock doesnt sell in a week, do I need to spend that 11k again the next week? A basic question Im sure but doing my best to follow along with something Im unfamiliar with. Keep it up! I love the vids and I want to follow
No, if the stock doesn’t sell (meaning that the stock price stays below the strike price of the call you sold), you still keep your shares! So you can just go ahead and sell another call at that point. I’m glad to hear that, thanks a lot for watching!
Yeah exactly, I like stocks that sort of follow the same trends as the market as a whole. But since there's naturally more volatility in individual stocks, the call premiums are higher than the premiums would be on something like SPY. So I don't write calls on ETFs typically, just because the volatility tends to be lower.
📈 GET UP TO 6 FREE STOCKS BY SIGNING UP FOR WEBULL USING MY REFERRAL LINK
a.webull.com/i/MoreMoneyLessProblems
(Stocks valued between $35 and $12,600. Promotion ends June 9, 2022)
I have been watching several YT channels on options and particularly covered calls for weeks. Your content is by far the most informative and gives us step by step instructions of what it looks like...plus transparent on your own choices. Fantastic!. Thank you!
I really like how clearly he presents his material, and the pace with which he speaks. Excellent presenter! Thanks!
I'll continue to say this, your channel is very underrated. Love your content. Thank you!
Very nice delivery and to the point content. Would love to see more direct analysis you do e.g. The quarterly and yearly example in this video was very helpful as it shows you where and how you are doing things instead of just mentioning it. Best of luck with channel growth
I keep going back to this video. Really important lessons here.
@More money less problems. Is covered calls better than short straddle. I heard short straddle is the most profitable of all.
good stuff, subbed!
Very helpful video ! Thank you for explaining so clearly !
I like selling covered calls when I’m bearish on a long term position I hold
New subscriber also getting into trading CCs. Thanks for sharing!
Dope video thanks for sharing!
If the stock always goes up, the cash covered puts are good too
Is there a free online scanner out there that would allow one to filter down to stocks/ETFs that meet the criteria you mention?
Charlie, great info in your videos, I watched several and note that you don't favor selling puts or the wheel. If you're consistently selling CC's to generate revenue how do you get back in the game if your shares get assigned? Do you do a buy/write to get right back into the same stock or do you apply that capital to something else until the stock you sold cools off from the run that caused the assignment to begin with?
Thanks! When my shares get called away, I usually just evaluate whether I want to buy back into the same stock (which I usually do), or use that capital to buy a different stock. Also when I start writing covered calls on a stock, I'll usually buy 125 or 150 shares rather than just the 100 required for the covered call. That way, if the stock does rise quickly, I can take advantage of some of that rise and leave myself with a lower cost-basis when I do buy back in.
Thank you!
When looking at the three-month performance in a bear situation we have presently, do you take into account the overall downward trend of the market and adjust your criteria?
What do you think of Nvidia?
Covered call on crude oil is good strategy
Would it be a good idea to sell cc on ETFs such as VTI and SPY?
Hey Charlie one thing I dont get about covered calls tbh: you spoke about the upfront cost in the last vid. If a stock doesnt sell in a week, do I need to spend that 11k again the next week? A basic question Im sure but doing my best to follow along with something Im unfamiliar with. Keep it up! I love the vids and I want to follow
No, if the stock doesn’t sell (meaning that the stock price stays below the strike price of the call you sold), you still keep your shares! So you can just go ahead and sell another call at that point.
I’m glad to hear that, thanks a lot for watching!
Your picks are all pretty tightly correlated with SPX. Do you write CCs on, say, bond or precious metal ETFs
Yeah exactly, I like stocks that sort of follow the same trends as the market as a whole. But since there's naturally more volatility in individual stocks, the call premiums are higher than the premiums would be on something like SPY. So I don't write calls on ETFs typically, just because the volatility tends to be lower.
SPY 🤐