Current total cost of owning 100 shares is 12.18 = S1218 (the math in the video is wrong)
Plan is to sell Nov 24 call strike price 12 limit order at 0.20
This will reduce our total cost to own to about S1198.
The plan is to continue selling cover call to reduce total cost.
BITO is a bitco etf almost mirroring bitcoin price.
BITO also offering 15% annual dividend return which pay out monthly.
Currently BlackRock is trying to get their own bitcoin spot etf approve
and news of possible approval made bitcoin price spike with excitement.
Trade strategy: Cash secured Put
Selling 4 contract of Nov 4 strike price 17.5 @ $1.35 (this is...
Execution Plan:
Letting my put oct 13 strike price 12.50 assign and will looking to sell all of my shares for profit around $12.50 level. Then I will either have limit order to buy put around $12 strike price or limit order to buy shares and sell for profit again when earnings spike the stock upside.
American Airline currently trading at a steep discount because fear of lower future profitability in the stock. Airline stocks are known for their volatility because almost everything in the economy can affect the stock. The good news is for options trader, high volatility usually mean a high premium we can collect for selling this options.
Sentiment: Bearish...
