BB is a real company with no short squeeze issue and being banned to trade for a week perhaps even longer says a lot about this "cancel culture" for the powered class. At whims. and 2 different rule books.
However, as a little guy, I am delighted the situation created a great opportunity for weekly income. Sold ATM 15 BB call at $3 last week in bank acts (not RH, TOS, or TW obviously).
Week one: stock at 14 - premium colleted $3 = cost base 11 Week two: stock at 14 - premium collected $3 = cost based 11 - 3 = 8 Although it is likely the premium may be less in a few weeks but I believe it will be elevated for weeks to come.
A similar strategy can be applied to NOK at 4.6. For a low-priced stock with extreme high IVs, sell a COVERED call, is a godsend.
One of the good stocks in robotics and AI is BB,it has a bright future!
T3metrics
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Why weren't you able to sell covered calls on TD? You weren't allowed to sell naked, but if you had the shares it was not an issue.
Sean_06
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@tomk2020, TDA isn’t allowing the selling of CCs unless you call, which yesterday was at least a 2 hour hold.
Jonas99
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@Sean_06, not even covered call on BBO and NOK both. Effectively chocking the premium players like the little guys. The system has won just like what they did to the Trump people.