11/14/2020 02:45

Majority people here buy calls and puts. On the contrary, I sell puts and covered calls to make some easy money. Most of time it works well but every now and then black swan comes and I end up losing big. This week, all the calls and puts I sold $TESLA $Microsoft $ZOOM VIDEO $Peloton Interactive Inc $TELADOC HEALTH $HUYA $Aurora Cannabis $Nikola Corporation made money except that $Alibaba is the black swan. I'm not too concerned as I'm ready to buy 100 shares of $Alibaba when my put is exercised. It's ready to fly next week!🦢🦢🦢
Aurora Cannabis-2
Peloton Interactive Inc-4
Nikola Corporation-5
Disclaimer: The comments, opinions and analysis expressed herein are for informational and educational purposes only and shoulk not be considered as individual investment advice or recommendations. Webull is not responsible or liable in any way for comments posted by pur users.


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All Comments(12)

drizzy11/16/2020 04:46
This is the reason I won’t trade options. Buying and selling actual shares is far safer IMO


the***com11/16/2020 04:19
idk why for some reason webull doesn't want to activate my level 2 option trading

Sled11/17/2020 01:58

I thought we all have it for free?


Mr. Holder11/14/2020 23:42
Why would you sell baba puts? Its at support

airzy11/15/2020 05:55

I sold that put on Monday and did not expect it drop this much by Friday. But I do not mind buying 100 shares at the striking price.


Sean11/14/2020 14:45
I dont consider this a lose though. Buying a good stock on what I believe is a discount. If you get assigned hold those shares. Sell covered calls in the time being while the stock rises back and you make some good $$$

airzy11/15/2020 05:56

Yep! That's exactly what I thought too. I plan to hold my shares and keep selling calls.


Nick11/14/2020 09:02
If you have the money and plan on being long than selling covered calls and secured puts are great. i do the same with bank stocks. Also luxury of being the option writer is ability to roll your option if it becomes too far in the money. cant lose if you play them correctly.

airzy11/15/2020 05:58

Totally agree. I plan to hold my shares and keep selling calls.


Fel***com11/14/2020 08:47
What’s calls and puts. Really new to this

Sro***com11/14/2020 22:44

they are talking about options. I also was new not that long ago. look it up on YouTube there are thousands of videos on options.

CashNationYT11/14/2020 11:43

Call: You believe the stock will go 📈 Put: You believe itll go 📉


💰 STONKS 💰11/14/2020 05:05
you call that big? I been down 43k

airzy11/15/2020 05:59

Take it easy man. You will have your day.

Mr. Holder11/14/2020 23:43

Thats nothing, i’m down 6k on tesla puts


Newbee11/14/2020 04:58
mind sharinf your next moves?

airzy11/15/2020 06:00

I plan to keep my shares and keep selling covered calls.


Tej11/14/2020 04:22
Why would you sell a put for $15? What do you get with $15?

airzy11/15/2020 06:04

I sold most of puts on Monday and didn't expect Alibaba will drop that much in a week. Yes, $15 is not much. But since I sell a lot of puts every week, the total income of selling puts is not too bad.


Inittowinit11/14/2020 03:42
I never really noticed the didderenxe between buyinf and selling calls like the option to . can u explain thw significance like why buy rather than sel and nice versa


Myaang11/14/2020 03:25
Quick question, when will you be assigned for the 100 BABA stock, next Monday? I saw the put you sold expire today.

airzy11/15/2020 06:10

yep Monday morning.


scapezar11/14/2020 03:03
costs a ton of money though since u need the capital to be able to buy 100 shares of the company if your sold contracts doesnt exercise worthless ... if you got the bread, I agree its nice way to make gains

Steve11/14/2020 07:33


OregonCashFlowPro11/14/2020 04:22

That seems nuts. Tying up $40k to get $100 in premium. May as well do credit Spreads so you can do 80 $5 spreads for the same collateral. Make $8000 instead of $100

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