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I would like to see a Bitcoin ETF with options. Or a Cryptocurrency ETF with options.

Heads up - Tomorrow is a rare Friday holiday - Markets Closed Pay attention to your March 29 option positions, they expire today.

That's what is known as Micromanaging. When an option strategy/example is littered with: Assume Suppose Perhaps Perhaps not Let's pretend Now suppose But If So if Or if It's time to rethink what you would like to accomplish.

What sort of exit strategy do you have? I would use a mechanical one. Exit all trades at expiry - do not micromanage.

Same risk as Covered Call

Absolutely time decay is irrelevant. Why would anyone be concerned with time decay on this sort of trade? On another note this was a good call by the OP, especially for a first option trade.

Q: Is naked option writing really that bad? A: In todays volatile market - YES.

The OP didn't give a final update. Keep an eye on your long call trade into expiry. Even if they are OTM you might be better off selling-to-close. The risk can be more than the debit you paid for them.

Most likely a federal restriction - not brokers. IB will take the money from a non-IRA account - I assume other brokers would do the same. The thread below is about an IRA account $9,200 in the red due to a GOOG call option trade and IB took the money from his non-IRA account...

My responses were to other posts - not yours. Most ET threads get multiple responses and some replies are directed to those responses and may not related to the original question. My 1st post to your question was: In short your Covered Call is already protected due to its structure. The...

No ..... that's why you don't sell calls to go with your long stock position.

I never posted they where -so don't quote my posts and throw that in there. I don't like Covered Calls - as my posts indicate.

Buy the stock only. The short call will act as an anchor to your trade.

What is the issue? Low premium collected. If ABC got to $110 it will most likely settle well above $110. The option premium collected will be less than the difference of ABC and the option strike (110.00). Options 101 - "There is no free lunch".

China also is looking into lowering tariffs on US cars and easier access to Chinas financial markets.

RE: "The percentage changes during this crash since the top have been larger than 1987's and even 1929's" Can be explained in two words: Increased Volatility

Time decay is irrelevant due to the volatility of options. Even more irrelevant once the options become ITM.

Current bid $8.40 20 contracts x $8.40 x 100 = $16,800

Are you still in this trade? 20 contracts (FB April20 160 Puts) bought at $1.36. Current bid about $9.10.

Don't get caught up in theory and option greek mumbo jumbo. In reality a Covered Call is neutral. A stock called away is not bullish - and it will happen.