Recent content by rabbitsfoot

  1. R

    INTC's another misfortune in terms of security

    What does this spread tells us?
  2. R

    Why covered call?

    It depends on how much ITM my call goes. First, I mostly write farther out calls having 80% or more PoP. Second, its unusual for a mega cap stock like MSFT to go far enough beyond the 80% PoP strike that it can't be adjusted with rolling out a few times.
  3. R

    Why covered call?

    How is my answer baseless? Did you even read my comment "Covered Call strategy is used to supplant buy and hold strategy". Nowhere in my answer I alluded that someone should take a dive into this strategy just because a free lunch is sitting there. Covered call strategy works better when...
  4. R

    closing long iron conder

    Get a free paper trading account from Think or Swim. That can plot the pnl diagram for you. Its much easier to visualize than the grid you posted above.
  5. R

    Why covered call?

    One thing that people are missing here is that BXM writes an almost ATM call. If you write a cal One thing that most people are missing here is that BXM writes an ATM (or slightly OTM) call which expires in one month. So if the market goes up (which happens quite a bit), that CALL goes ITM...
  6. R

    Why covered call?

    Elite Trader forum is rife with cocky members like this gentleman.
  7. R

    SPY vs QQQ - which is better for writing covered call?

    I'd like to respectfully clarify that I'm looking for suggestions over SPY and QQQs, not for learning why covered calls is bad.
  8. R

    SPY vs QQQ - which is better for writing covered call?

    That's should be fine I guess. If my goal is to buy and hold it, then writing high probability calls is just getting me a little something to reduce my cost basis.
  9. R

    SPY vs QQQ - which is better for writing covered call?

    The reason why I wanted to start with buying a market fund in the first place was to follow investing guru's advice - over a long term, market fund is always hard to beat. So I wanted to stash part of my savings there but I don't have enough to buy both 100 SPY and 100 QQQs.
  10. R

    SPY vs QQQ - which is better for writing covered call?

    If I'm getting the value of underlying appraised in the process while writing high OTM Probability calls, why is that bad?
  11. R

    SPY vs QQQ - which is better for writing covered call?

    Also adding another detail- IV for JUN 21 SPY $290 CALL - 11% IV for JUN 21 QQQ $187 CALL - 15.5%
  12. R

    What are some low risk to reward ratio strategies?

    For a strategy you can find nowhere on the internet
  13. R

    What are some low risk to reward ratio strategies?

    I know the concept but here I'm asking for strategies that have low risk to reward
  14. R

    What are some low risk to reward ratio strategies?

    All it takes is a binary event to blow through all of your support and resistance levels. Can never be so sure!
  15. R

    What are some low risk to reward ratio strategies?

    I get these OTM Probabilities from ThinkOrSwim.
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