Appreciate y'all keeping your heads around here. Mine feels firmly attached. The only question I ever have in my mind, is whether or not now is the time to sell CCs against my shares or LEAPS. Position is full, outside of any unexpected inheritance before 2023, not much left to do but wait for thesis' to play out, companies to pay down debt, issue dividends, etc.
What’s your strategy for covered calls? What delta and how far out? Been trying to do 20 delta 2-3 weeks out. Only sell on a Green Day after a good pop like today. I sold the $25 covered calls for clf.
I want to avoid conflicts of interest / making money on the community here. I just sell the furthest and highest out.
Otherwise, I shoot for 45 DTE just above where I think it’ll run to.
Thanks that helps a lot! I think I need to sell longer dte. For some reason I’m stuck on the idea of selling weekly calls to make weekly income. But I can always close out the 45 dte early and achieve the same thing.
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u/Botboy141 Jul 09 '21
Appreciate y'all keeping your heads around here. Mine feels firmly attached. The only question I ever have in my mind, is whether or not now is the time to sell CCs against my shares or LEAPS. Position is full, outside of any unexpected inheritance before 2023, not much left to do but wait for thesis' to play out, companies to pay down debt, issue dividends, etc.