$Roundhill Memory ETF(DRAM)$ Learned my lesson. I sold calls on 40% of my position. The strikes are $70 by next week, $75 the week after, $80 for three weeks from now, and then $85 in four weeks. If they get assigned, I'd be happy. My cost basis is $62 per share.

The plan is, for every 10% the price rises, I'll sell calls on an additional 20% of my position. It's essentially the same as laddering sell orders, but with the added premium. The volatility makes it possible for the price to move past a strike and then fall back below it before expiration, avoiding assignment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet