I have been deploying a very boring covered call strategy the last few weeks on SPY and QQQ, and I've been pulling in about $1,000 USD a week. Last two weeks were pretty great for it, in fact, being sort of up and down the whole time.
This past week, my covered call strikes got blown past so hilariously badly, it was like a Pontiac Acadian racing a Hayabusa.
Capped gains better than no gains, but I could have made an extra $2,000 over the short calls by just buying and holding the QQQ shares. Thankfully, the calls will settle Friday night and I'll have powder dry for whatever the hell happens on November 1st with that orange bastard's new tariffs.
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-James
GO FLAMES GO.
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Originally Posted by Azure
Typical dumb take.
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