Options help
- Thread starter Dirkpit
- Start date
Covered calls only
don’t day trade or it might get taxed. Weekly options are ok, but borderline, monthly covered calls are the way to go
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!
Have fun!
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 !
web.newton.co
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 !
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