With only 78k in circulation this is bound to take off higher than a pittly 300 dollars.
Tp1 - 10k
Tp2 - 20k
Tp3 - 30k
Tp4 - 40k
I Only own 4 and it means nothing if cover goes to zero as the benefit outweighs the cost.
500$ zone showed us it is its very strong support that we can trust in and it could be the dip of the recent decline.
It is heading to 800$ zone, if it can conquer this zone, it will move up to 1300$ easily, so at the moment COVER is very promising
-Buy: 480-520$. SL if B
-Buy: 780-820$ if A. SL if B
-Sell: 780-820$. SL if A
Been holding this trade for a few weeks now. This is my first post related to options trading. I'm using the lines to show a visual of how selling a Call has helped create a range of profitability and risk management.
GREEN LINE - Max Profit - This green line is in relation to the original share price entry point, the Call strike price, plus any premium...
COVER has lost its value that experts (like us) estimated it so it needs to be fixed at its right price in the lower sections
IF U HAVE THIS ASSET, transform it to anything and save your money dont stay at it
My IRA is a basic Boglehead setup, along with some little tweaks. Primarily consisting of SPY, TLT, EFA, and IYR covered calls, it's about as Plain Jane as one can get, although I've got some acquisition-oriented short puts hanging out there in XLU, XLP, and HYG.
As any covered caller or short putter knows, these setups are going to be long delta all the...