๐ฐ Smart Trading Move: SPYG Covered Call Strategy ๐
I executed a profitable trade on SPYG by strategically selling and buying back options to lock in gains:
โ Sold SPYG at: $1.40
โ Bought it back at: $0.80
โ Profit Earned: $60 per contract
๐น Why This Trade Was a Win:
1๏ธโฃ Locked in a $60 Profit Without Holding Shares ๐
By selling high at $1.40 and buying back lower at $0.80, I captured a $0.60 per contract profit, translating to $60 for a standard 100-share contract.
2๏ธโฃ Reduced Risk While Pocketing Cash ๐ต
By closing the position at $0.80, I secured my gains without waiting for expiration. This also freed up capital for the next trade.
3๏ธโฃ Maintained Flexibility for Future Trades ๐
Now that Iโm out of the position, I can reassess the market and sell another covered call at a better price if SPYG moves favorably again.
๐ Final Thoughts โ A Well-Timed Trade!
This move was a classic example of selling high and buying low in the options market. By timing the volatility, I made a quick and easy $60 while keeping my portfolio flexible for the next opportunity! ๐๐ฅ@TigerTradingNotes $SPYG 20250221 91.0 CALL$ @TigerStars
| Side | Price | Realized P&L |
|---|---|---|
| Buy Close | 0.80 | +41.19% Closed |
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- TigerTradingNotesยท01-20[่ดข่ฟท]LikeReport