I now have 550 shares. I bought back my prior covered call for a 50% premium capture. Time to rinse and repeat.
GORGEOUS gap for sure!!! I do expect AAPL to run. But, she will begin to pause and rest around $215. Just a way to get paid to be 'paytient' for those with shares / leaps PLUS, this is one of MANY previous ones (which expired worthless)
In addition to short- and medium-term trades, I also have an IRA that largely consists of shares in SPY that I have acquired over a decade plus time span. For the most part, I do one thing and one thing only each month, and that is to sell short calls against my SPY shares to give me some protection to the downside, as well as reduce my cost basis in those...