Submitted by mannahosanna t3_z727cl in wallstreetbets
Whirly315 t1_iya2yt2 wrote
Reply to comment by Working-Ad-5683 in Thankful for $GEO by mannahosanna
you need to own 100 shares to sell a covered call. selling a put is the other side, you need enough cash to cover buying 100 shares if the stock drops below your strike price.
i really like adam from InTheMoney to explain things. here is his video on the subject https://youtu.be/r_rKof8IdfU
Working-Ad-5683 t1_iyaj9ln wrote
Thank you
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