COVERED CALLS ARE A MAJOR TRAP!


You are capping your upside.
You are keeping most of the downside.
You are selling away the best part of owning a great company... THE UPSIDE!
That is why I do not love covered calls on companies I actually want to own long term.
The whole point of owning great stocks is to participate in the upside...
Why would I sell that away for a little income?
Income feels good.
But capped upside can quietly cost you a fortune.
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