Years ago, I did an ITM covered calls trade at $90 strike. It provided a great price discount in a sinking market and a great ROR. I blew it. I didn't buy the stock, which has since been split. While the market is dipping, AAPL is doing pretty well. I'd be more inclined to sell cash secured puts that expire 3.18.22 for income and a possible discount if assigned.
The stock was up today, making an ITM covered call trade less profitable than and OTM trade or a CSP trade. Thanks for your question.
Great content! What are your thoughts about ITM covered calls for income given a somewhat bearish market outlook? Thanks.
Years ago, I did an ITM covered calls trade at $90 strike. It provided a great price discount in a sinking market and a great ROR. I blew it. I didn't buy the stock, which has since been split. While the market is dipping, AAPL is doing pretty well. I'd be more inclined to sell cash secured puts that expire 3.18.22 for income and a possible discount if assigned.
The stock was up today, making an ITM covered call trade less profitable than and OTM trade or a CSP trade. Thanks for your question.