MrWonderful said:

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You are selling naked options correct? What is your risk mitigation strategy to avoid getting your face ripped off in a high volatility day / week? Are you buying deeper OTM calls to offset the calls your are selling to cap your downside risk?

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Yukon Cornelius said:

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Thx I just looked that up haha. I was under the impression it meant without a hedged position. Learned something new.

Do brokers require cash secured for those?

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@NFLPlayerProps said:

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Yes they are covered calls. I've been doing this since December and I'm up about $60k. From December to late April I was only selling 4-5 DTE CCs on MSTR. Got caught way offside on a volatile move up and paid for it. That's when I switched to 40 DTE and expanded to NVDA, TSLA, and IBIT. Stocks and BTC pump hard sometimes, but very rarely do they pump for a month+. I have never had a share get assigned. I don't win every single trade, but I always roll for a credit and I always wind up making profit in the long run.

Enter with a ~40 DTE 10 delta. Wait for theta to pull the bid/ask down for about 10-15 days because that's what theta does. Roll to another ~40 DTE at the same delta you're currently at and collect the theta premium. You're basically selling time to bulls. Its not difficult, you just have to pay attention.

And yes its almost the entire Mag 7 because those are the stocks with the most active options markets by far. More liquidity equals higher premiums.

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I bleed maroon said:

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Yukon Cornelius said:

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Thx I just looked that up haha. I was under the impression it meant without a hedged position. Learned something new.

Do brokers require cash secured for those?

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If it's in an IRA, like our friend claims, yes, it does. You can't sell calls without having the shares to back it, or the free cash in your account, at every brokerage house I know. Which in total adds up to $1.6 million worth of probable lies in our friend's claims. He forgot the first rule of trolling - - don't embellish things you don't fully understand.

I think he learned his lesson (hopefully), and will leave the business board alone.

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@NFLPlayerProps said:

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I bleed maroon said:

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Yukon Cornelius said:

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Thx I just looked that up haha. I was under the impression it meant without a hedged position. Learned something new.

Do brokers require cash secured for those?

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If it's in an IRA, like our friend claims, yes, it does. You can't sell calls without having the shares to back it, or the free cash in your account, at every brokerage house I know. Which in total adds up to $1.6 million worth of probable lies in our friend's claims. He forgot the first rule of trolling - - don't embellish things you don't fully understand.

I think he learned his lesson (hopefully), and will leave the business board alone.

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As of now I own 100 AAPL, 100 AMZN, 100 GOOGL, 2,000 IBIT, 100 MSFT, 600 MSTR, 300 NVDA, 100 PLTR, and 300 TSLA in this account to sell CCs. I can post screenshots tomorrow if you really need them. Might even figure out how to post a cry laugh emoji with them.

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AgEng06 said:

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@NFLPlayerProps said:

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I bleed maroon said:

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Yukon Cornelius said:

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Thx I just looked that up haha. I was under the impression it meant without a hedged position. Learned something new.

Do brokers require cash secured for those?

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If it's in an IRA, like our friend claims, yes, it does. You can't sell calls without having the shares to back it, or the free cash in your account, at every brokerage house I know. Which in total adds up to $1.6 million worth of probable lies in our friend's claims. He forgot the first rule of trolling - - don't embellish things you don't fully understand.

I think he learned his lesson (hopefully), and will leave the business board alone.

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As of now I own 100 AAPL, 100 AMZN, 100 GOOGL, 2,000 IBIT, 100 MSFT, 600 MSTR, 300 NVDA, 100 PLTR, and 300 TSLA in this account to sell CCs. I can post screenshots tomorrow if you really need them. Might even figure out how to post a cry laugh emoji with them.

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Before you start cry/laughing, understand that he was talking about the other guy...

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