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/biz/ - Business & Finance

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56042435 No.56042435 [Reply] [Original]

I have about 1200 shares of Intel crab shares.
Should I start writting calls for November and milk the premium?
I'm thinking about a strike of 40$ November 17th.

Seems like an easy money grab in a crab market.

>> No.56042646

>>56042435
I guess this is more of a question for wsb retards

>> No.56042974

if you aren't writing calls and collecting divvies are you really an investor?

>> No.56042999

>>56042974
Gotcha, writting calls it is

>> No.56043603

>>56042974
>/biz/
>investor
Not sure where you got that idea anon, we collect internet beans here.

>> No.56043783

>>56042435
No one has been exercising the NOK calls I sold last month.
It's freaking me out but I'm not closing.

>> No.56043811

>>56042646
i spend my day in WSB because 4 chan will be flag on my work computer but reddit is "safe".

>> No.56043842

no, you missed your chance at the last two tops. it is going higher from here. the covered call party for INTC baggies was this summer and you missed it. if you write covered calls now, you will regret it soon.

>> No.56045795

>>56043842
I don't think Intel is gonna moon until next earnings report gives a surprise or something really good happens, like inflation plummets.

>> No.56045798

>>56043811
I spend a lot of time there because /biz/ doesn't f'ing move. Like there are me, another dozen of people and bots. This board is almost dead :(

>> No.56046109

It’s a decent strat but I would probably kill myself if a stock doubled and I missed it because of covered calls. I also mainly buy ETFs so the idea of having 1200 shares of a single stock is kind of ridiculous. It’s too much work for not enough juice

>> No.56048717

>>56042435
open ccs only during bull times when you could consider trimming
remember, its a shorting mechanism
imo not the time rn
>nov
no, think 6 months or more out, you want to sell time so even if the underlying goes up, the week of ypu might still be decently in profit and avoid excersizing