@anydamnusernameleft
I am an old investor for 20+ years. I am now looking to learn about options and start using options. This is such an excellent video and I have learned and taken notes. Thank you so much for this invaluable lesson. All the pieces of the puzzles are coming together now. I have subscribed.
@knightwriter2989
You can always roll up/out if the stock turns very bullish. Also, if the stock goes down, you can write more covered calls and REDUCE your overall cost basis. This assumes you are very long a stock. Rolling and writing on dips smooths much of this out unless the stock is absolute garbage.
@briancollects
Love this video. Not enough out there that actually walk through potential risks and what could happen with possible approaches to mitigate such risks. I’ll be looking for more just like this on your channel. Thanks for spending the time to share your experience. 👍
@James-b7f9b
I expected this vid to be considerably more sophisticated. This is pretty simple advise.
@ibcrypto6139
On my long term holdings I try to sell Covered Calls on a High and then have stock pull back so I collect premium and do not have to risk having shares assigned nor buy back call at a higher price. Thank You.
@jimd5259
Great common sense info which is easy to forget. I’ll create a checklist and revisit it every month when I am writing/rolling calls. I especially appreciate #5 since I have been writing calls against my BRK-B shares which I purchased in 2006.
@davidedwards7335
You can also use a collar if you think the stock might drop. Take a little of the premium from covered call and buy a put a little bit down past stock price. Make money on put if price drops to much.
@rnelnj44
This video demonstrates the value of options trading within your Roth IRA
@frag_ki
thank you for the great video. I believe for the last two mistakes you would still have the option to roll the call one month and receive a debit and at the same time set the strike price higher.
@joshmatthew4125
So if the stock does drops and you don't exit the trade. You just hold it and wait for it to come back up. You lose time/money selling another call. This is a great video. Thanks.
@KEN-du2iz
This is crazy, I've always used covered calls to hedge against my positions. I'm going to watch this a few more times to wrap my brain around it. I typically set a stop on shares and sell a few calls on the rest to counter if the stock falls or buy naked calls if it falls to ride up, to add to my position later on red days. First time seeing this channel.
@realjackeal
Really nice video. Thank you!
@suncasa2224
Wish I had this video at the beginning of 2021!
@pdykesdykes
I did cvd calls early in carreer before youtube/smb, for those new, heed this advice.
@Rajesh_Singh301
Here's another tip/ mistake to avoid while dealing with covered calls or short straddles: make sure you account for any impending event such as dividend declaration or investor meet during the life of the option because they tend to make your calculations go haywire.
@TrebVV
This video should exchange "covered calls" with "buy-writes". Theres a big difference in decision making when your average cost basis is significantly lower than market value.
@ANCIENTASTRONAUT
great vid thanks
@mansmooth255
Good information and perfect timing as I am soon going to be getting into covered calls. You have a new subscriber here
@cole6167
Markets don't give af what your basis is in the stock. The whiplash problem isn't because you sold a call below your acquisition price (which nobody but you gives af about); it's that you made a bad bet on volatility and direction -- period. This was already covered in the video: don't carry covered calls if you're not bullish, and if you are, don't sell below your price target (for the term). If your price target is closer to your acquisition price, fine, but that matters for your call strike because it's your target, not your acquisition price.
@smbcapital