Covered calls are amazing. If they expire out of the money, you just sell them again. Although my January ETFC calls expired OTM, I sold February CC (strike - 5) at $0.4 each today. I have no problem with making a guaranteed 10%+ return from the calls in a mere 16 days, and if they expire OTM, I'll sell my golden goose a third time.
Update (12:47 pm): In the same regard, I just sold an April CC (strike - 25) at $1.15 on SLM.
is it back? is it back?
13 years ago
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