Reallifetrading
Short

SPY covered call

AMEX:SPY   SPDR S&P 500
Selling the July 204 #coveredcall. Buying to close the previous one at 213.
I expect SPY             to continue a tad lower. One could also consider an ATM call if they are profitable if it gets exercised. A lot of premium and volatility here. Looks like the 200 SMA acted as a great resistance today. I do anticipate SPY             trading lower after this retest today.

I wouldn't advise to buy SPY             here JUST to sell the covered call.
Thanks for helping us Enrich Lives!
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out