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I want nothing but the best for everyone but I know a lot of ppl got SMOKED with covered calls.
I have been very LOUD about this.
They are a trap!
They cap upside and don’t help much in downside.
If you are bullish enough to hold the shares in your account why would you wanna immediately bet against yourself.
The cashflow you pick up is peanuts and you are missing the big move…
They work 9 out of 10 times.
But that 1 time, it will wipe out what you did the other 9.
They don’t work.
Stop with the garbage retail strategies done by ppl that don’t beat the market.