The Average Joe Investor
The Average Joe Investor
Example to fool around without losing your shirt. Its gets stiff that you need 100 shares (lot) to sell a covered call. So instead of putting down 7k or so. Went for the cheap, stick toe in pool method. I went ahead and bought TELL AT $1.50 a share. 150 shares only 150.00 have set to buy it at a limit order at 1.49 a share tomorrow at the bell. As soon as I have it, I will sell a covered call. The OUT OF THE MONEY chain looks weak, but I am thinking of an AT THE MONEY covered call.? I feel trendy hahah. Need to learn how those work and will be posting videos.
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Thank you.