Hush Companions
Ashley Madison

Options help

Dirkpit

Member
Feb 18, 2020
50
13
8
Does anyone trade options in a TFSA and would not mind helping a new trader with some questions?
 

OmarJam

Member
Jun 18, 2017
33
4
8
Does anyone trade options in a TFSA and would not mind helping a new trader with some questions?
Covered calls only :p don’t day trade or it might get taxed. Weekly options are ok, but borderline, monthly covered calls are the way to go
 

AlmaOttawaMA

Member
Sep 24, 2015
20
94
13
I have options in TFSA. I bought options back in Feb, one expired march 16th but sold a week before they expired made a good chunk, and I have another one that is expiring april 16th. basically, you can pick when you want expiration, shorter the expiration from time of purchase= riskier, whereas the longer calls are safer. sell the premiums at a gain when possible. Also watch for time decay. Options are risky and you need to be strategic.
That's a helpful link for options trading for beginners.
Have fun!
 

sprite09

Member
Aug 10, 2020
99
24
8
covered call ...you're selling a call option on a stock that you hope stays stable or doesn't really shoot up ....ideally you want sell a volatile stock since you'd earn a high premium from the volaliity

given you said weekly or monthly ...sounds like you own a meme stock...I'm sure there are some idiots willing to buy some out of money call options

I'd also consider crypto ..don't need to sorry about wall street influence (as much) and no need to worry about expiration dates and all the Greeks ...buy eth for long term , xrp or others for short term !