/biz/ - Business & Finance

>tfw everything seemingly tanking on the profit taking but you don't give a shit because Amazon isn't dropping to $2800 and Facebook isn't dropping to $210 and SPY isn't dropping to $312

>>20870085
Hopefully you bought 1/15/21 calls..? If you, you can lower the cost of your calls by selling calls for a closer date (the short) above your breakeven price.

Example: 1/15/21 $50c @ $3, your breakeven is $53. Sell calls above the $53 strike, weekly probably, to scalp some money here and there. If it somehow moons to $54, you can still exercise the 1/15/21 $50c and your average cost for those shares will be $53, which you can then sell to the other guy for $54 (the call you sold). Try that!

Pic unrelated: mealio at Denny's today