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Old 12-05-2017, 08:34 PM   #1450
petegz28 petegz28 is offline
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Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $2534127
You will always make money when selling a covered call. On the option trade itself. Now, if the stock you own drops, well.....you made money on your option trade but you still lose, net-net. Also, if you don't own several hundred shares, you aren't going to really make anything worth a shit writing 1-2 even 3 calls once you account for spread, commissions, etc. And if you get exercised you will pay a fee for that as well. I love the idea of writing options but to me, it's a big $ game. It's like being the "House" in casino terms. You'll make your money little by little by consistently.
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