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Tad***com02/21/2021 03:22

$Lucid Group Inc 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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