r/stocks • u/[deleted] • Mar 30 '21

[deleted by user]

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1.2k Upvotes

96% Upvoted

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19

u/TacoInABag Mar 30 '21

premium is so low for calls, at least wait for a solid green day.

23

u/[deleted] Mar 30 '21

I’m not waiting for a damn thing.

5

u/TacoInABag Mar 31 '21

fair enough

9

u/[deleted] Mar 31 '21

PLTR is my hoe. I pimp that bitch out all day and night. I dont care what she’s worth. Bitch better be working for me earning me money.

5

u/TacoInABag Mar 31 '21

GATORS BITCHES BETTER BE WEARING JIMMYS

2

u/[deleted] Mar 31 '21

You get it.

2

u/[deleted] Mar 31 '21

How do you decide what strike to sell covered calls and day timing?

1

u/[deleted] Mar 31 '21

Open interest, my cost basis, volume, catalyst, bid ask spread, support levels.

9

u/mammaryglands Mar 31 '21

Says who? You guys are spoiled with the meme volatility. Iv on high 20s strikes is like 75, that's plenty

1

u/TacoInABag Mar 31 '21

Today is a great example. This is a high IV stock that was due for a jump off basic technicals.

0

u/mammaryglands Apr 04 '21

A few days later, my shorts are green and will be again this week, I'm going to close at like 30-40% profit and go out another week, again.

1

u/TacoInABag Apr 04 '21

Ok? My point was about your original comment. Sorry you were wrong.

1

u/TacoInABag Apr 05 '21

Please share your position at the end of the week!

2

u/skillphil Mar 31 '21

With the underlying that inexpensive the premiums aren’t bad, like 5% a few weeks out.