02/21/2021 03:22

$Churchill Capital Corp IV Hello . Made $2156 so far and bought in at $54 tuesday. The hold dont sell advice is weaksauce. If i would have followed that advice when i bought in at $54 on tuesday and did nothing but hold and see the $54.40 after hours closing price on friday, i would be +$40. Instead i sold covered call options and collected $2156 in premiums from tuesday thru friday and im still holding the same 100 shares i bought at $54 each. If my option gets called away at $55 strike price im fine with that. its the same as me holding the $54 and then selling at $76.50 eventually, except ive locked in my gains early Via the premiums collected. Think about it. I bought in late at $54 Tuesday. Friday it closes at $54.40. i still own the underlying stock and collected $2156 already. I sold covered calls on my 100 shares and opened and closed my position when it made sense then Opened another position for a higher premium and rinse and repeat.

So yes, I hold AND I sell covered calls. If you bought your stock when i did and did nothing, you gained nothing is the story im telling myself. So youtube covered calls and then you are making money.

Yeah yeah. i limit my upside. I get it. The stock hasnt hit $76.50 yet and ive experienced that gain based on my $54 price of admission.
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All Comments(8)

956****10902/21/2021 08:15
yeah but trading this stock before confirmation of the deal and after its announced are two different things. i did that with tesla so many times and did well. made like 8 grand doubled my initial investment in it last year. but it would have been almost 60k profit had i held from the start til now.

Tad***com02/21/2021 08:43

Hello. The implied volatility sure helps to increase the premium of the options.


KPEphesians6🛡⚔️02/21/2021 03:53
Yes same here 🤙🏾🤙🏾🤙🏾🤙🏾💯💯💯 Positive Vibes


Hustla02/21/2021 03:39
Smart move taking no high risk lil by lil is they way


jon***com02/21/2021 03:37
Good on you, there's more than one way to make a trade! Grabbed 500 at 20 two weeks ago and trying to figure out if and when to exit. So much hype around this stock, so much comparison to Tesla. Probably a good, safe long term hold. glta

Tad***com02/21/2021 04:06

Thanks Azz2grazz i will look at those.

Azz2grazz02/21/2021 04:04

Frx came out last week and its still early. Altu is early as well. Just a couple to watch/add if you are looking. I havent yet. Just couldnt sell any of these...

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sar***com02/21/2021 03:30
I bought at 17 havent sold any


Tex02/21/2021 03:27
Yep. Over $200,000 here holding. No need to get cute. I would rather not get my shares called away.

Tad***com02/21/2021 03:29

One day i look forward to being in your position. Well done.


Azz2grazz02/21/2021 03:25
Cool story. ive made over 100k. By holding.

Azz2grazz02/21/2021 03:53

Well it was great timing for you tO do that for sure. Im not hating on your style... I just wouldnt be selling too often and hoping for drops too often. Thats what a lot of the salty people here did. Then they just talk crap about the stock hoping for a drop that never comes

Tad***com02/21/2021 03:38

I understand. I made the covered calls to collect premiums to average down my late to the party buy in at $54. With the premiums collected ive averaged down my price to $32.44 per share. I like this stock. i just dont have the funds you do yet.

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Hey everybody that made a killing so far, and to all those that will make a killing in the days to come, go help somebody that’s less fortunate than you! You don’t have to tell anybody about it, but just go do something to make someone’s life a little better👍
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$AMC Ent Holdg we need to hold the line for our apes who been holding at $15-20. They did it for us, we need to do it for themttm***com 02/25/2021 04:24
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Didn't get to cook tonight. Too busy, but planning something for tomorrow. I'll snap y'all another crappy picture when I make it.

For now, my brother wanted me to show you all this instead. All credit goes to whomever made this awful pun.

As usual, if you wanna comment, we can talk. If you wanna follow and like the post, you can. I can't control you. Have a good night and I hope you get rich tomorrow. Especially if you bought what I bought!!OneGoodHundo 02/25/2021 03:47
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