/biz/ - Business & Finance

>>27576606
Depends if you think GME will stay in the limelight.
100 shares of GME = $9000 upfront cost.
You can sell 1 weekly calls at the moment.
IV on the Friday 5th expiration is 800% (Lol).
The $150 call (1 STD) is going for $950 atm.
That's potentially $950 every week (which is pretty fucking sweet). We don't know if it will stay that way though.
But the moment people move on to the "next GME",volume and IV will drop off, your premiums will suffer as a result and you're stuck holding GME.

Compare it to SPY
$30,000 upfront cost
3 weekly expiration cycle
The $389 call (1 STD) is going for $26 right now.
You can sell it 3 times a week for roughly $70 guaranteed.
Less prone to IV collapsing, people will always buy spy.
SPY is always guaranteed to go up in the long run so you don't mind holding it.


Its personal preference man, do you want consistent gains or risk YUGE ones.

Holy fucking shit, typing that out is making it really tempting to sell covered calls on GME right now though.

>>27277604
She's 65 anon, I'd still hit it though