It can’t be this easy…
I’ve been doing covered calls the last couple of weeks. I have been yoloing options for the past year and I’ve had some really big days, followed by numerous accounts being blown up, pattern day trade restrictions, and many night of stress and hateful fapping to my own loss porn using my tears as salty lube.
Anyway, I sold a covered call for UXIN and made like a $20 premium. I was like 👍 and threw that prem into some cheap fds. The week went on and I was rolling my covered calls basically every day and using the premiums to buy options and Wendy’s $5 biggie bags. NGL this shit got me hooked like a pro wrestler on opiates and coke.
Like a good retard, I started selling pretty deep ITM covered calls and I was raking in $200, $300, even $420 premiums. I threw that shit at spy 0DTE like a monkey throwing shit at a wall… and damn… That shit went insane. Yeah, I know it’s only been a couple of weeks and I’m in a honeymoon period, but it can’t be this easy…. can it?
I’ve been able to stay incredibly liquid with covered calls, as I can sell a covered call for premium if I need money for options, blow, or old English 40s. It also helps me sleep peacefully at night knowing 50% or more of my portfolio is in stocks that won’t launch to $0 by the morning. Who else has found decent success with covered calls and what strategies do you employ to maximize your cocaine fund?
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July 21, 2021 at 08:09AM