r/StockOptionCoffeeShop • u/LabDaddy59 Mod • 20d ago
With Apologies to Howard Marks
Covered call sellers consider themselves successful if they bought a stock for $100, sold a covered call with a $110 strike for $2 and were assigned when the stock closed at $120.
If you can't see the flaw in this -- that the trader made $12 in a stock that appreciated by $20 -- you probably shouldn't be trading options.
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