thisisthetaa OP t1_j6lb6c3 wrote on January 31, 2023 at 3:12 AM

Reply to comment by DakkJaniels in 2nd time making a covered call: 1600 shares of Carvana at $8.43. 16 $9 calls sold at 0.71 a call by thisisthetaa

wait hold on if it’s 8.99 it’s out of the money and by expiration all that would be left for the most part is the intrinsic value. I was just going along with your scenario. Correct me if I’m wrong.

DakkJaniels t1_j6lbeku wrote on January 31, 2023 at 3:14 AM

Yes, I don’t understand why you want your covered calls to be ITM. Being slightly OTM is the best scenario, you keep the premium and the stock.

mbr902000 t1_j6lrdjm wrote on January 31, 2023 at 5:36 AM

You dont want to keep this stock 😆

DakkJaniels t1_j6nm2nx wrote on January 31, 2023 at 4:41 PM

lol true

[deleted] t1_j6levq2 wrote on January 31, 2023 at 3:42 AM

[removed]

Weird-Status-287 t1_j6n1ler wrote on January 31, 2023 at 2:26 PM

Is OP trying to get fancy with buying and selling things to make a little more than he could by just selling now?

DakkJaniels t1_j6nm6si wrote on January 31, 2023 at 4:41 PM

Sounds like a fancy way of just making less money than he would have if he didn't sell the calls lol