/biz/ - Business & Finance

Anonymous Sat Feb 27 03:08:33 2021 No.29821236 [View]
File: 962 KB, 2048x1536, 91ED9241-9EB1-4701-89C1-9B56407FFD04.jpg [View same] [iqdb] [saucenao] [google]

>>29820860
SOXL does not have weekly options, that said I'd suggest waiting for the price to swing to a relative high (pic related circles) then selling 1 month calls about 30% out of the money. When the price gives a little pullback, buy the calls back and wait for the next up swing. Do NOT roll down when you sell your calls. SOXL has a tendency to violently surge up after pullbacks and you are very likely to go in the money and have to roll out.
>t. Sells lots of SOXL covered calls

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/biz/ - Business & Finance

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