/biz/ - Business & Finance

Covered calls are a scam. If you get into a position and feel compelled to sell covered calls against it you are either too greedy for your own good or the position is marginal and therefore sucks anyway. Either way you will eventually get rekt. And the funny part is you won't get rekt this time, only after the trade has "worked" a few times and you start thinking it can't lose so you leverage up on margin since in order to get the same dopamine hit the trade has to get bigger and bigger each time until the last time and you end up losing all your previous gains and then some.
Instead of putting yourself through that anons, just make better trades that don't depend on option fuckery to work

SOXS holders you beclown yourselves