QQQ Free money $ 330 in 15 Days

Free money buy Alert

Buy 100 Share of QQQ at $ 373.70

Sell 1 covered Call Deep ITM for $ 365 for 25 Aug

Outcome

Your share will be assigned at $ 365 and you will lose $ 870 on Share

But

You are Collecting $ 1200 as premium

So $ 1200 - 8.70 = Net Gain $ 330 Free money

Comment:

We are readjusting out trade to make more money off this trade

We sold Covered Call for $ 1200 and stock dropped So covered Call went Green by $ 350 Now as current price is $ 8.50

So take $ 350 profit off Call and

Sell Another Covered Call to hedge more money

Now sell Covered Call for $ 363 for $ 363 for 25 th Sep for $ 1000 Again this will push our breka even further down

Enjoy Trading

Comment:

Buy back to Close

Sell 1 covered Call Deep ITM for $ 365 for 25 Aug and collect $ 1200

Now

Sell to Open new covered Call

Sell 1 covered Call Deep ITM for $ 363 for 25 Aug and collect $ 1000