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Oops. I must of hit a nerve. My IP address was banned. Too funny.

Don’t get too heavy on him. He’s only following the terms of his IB agreement where it says he needs to make average people feel that trading is something better left to the professionals. ;)

I got assigned at 28.5 the Friday before last.

Just not to tie up a lot of capital in what I perceive to be only a hedge. More of a bang for the buck thing

it really depends on what’s happening. I have rolled but really didn’t see an advantage to it. If the strike is way ITM, then the premium is probably higher than what I sold it for. Really no advantage to rolling.

yes there is, but the 5X product has the kind of leverage I’m looking for.

If this was really a naked call that I sold with a strike of 100 and the stock rallied to 120 wouldn’t I have to buy shares at 120 to sell them at 100? Since I already owned the stock at 100 and I drop the short quickly isn’t that just a little different?

Ok. Goodbye.

The calls expire worthless because nobody takes the underlying early. The MNQ short goes back on. Why do you have to make comments like “Dude, you’re too old to suck at this.”? I’m trying to learn something.

I don’t have an irrational fear of assignments. I get assigned every fourth or fifth week. Not a big deal.

That may be entirely true. I just may have realized that sooner if some of you actually provided detailed reasons for what you were telling me instead of just saying I had no idea what I’m talking about.

Just cause I’m older doesn’t mean I’m not a punk. :D And, I’m sorry that I may have made derogatory comments to you if you were really trying to help me. I just got a little over whelmed by the bombastic critiques.

How will you do that without a magical price predictor? Remember, what you're selling is protection against downside moves, especially sharp ones - which means that's what you're exposed to. The real scenario is you waking up to a $10 drop, not one to your strike (that's not downside - that's...

With no disrespect to him, there is a giant difference between skimming flow and trading for yourself.

Keep in mind that you are the option beginner... and a very stubborn too. "They" are experienced professionals. You just don't understand what they are talking about, seriously. Lost in translation. They are so ahead of you that if they look behind they see your option trading future! > Thanks...

No way to do it without taking on additional risk. In this case - as everyone has been pointing out - the risk of going naked on an adverse move (the underlying is locked against your hedge but still had a fixed cost at assignment time that you will need to give up at a much lower cost if it's...

Right, so here's the problem: you don't get to have that. If there was an underlying that never moved or only moved up, nobody would pay you for risk on it. You're getting paid for selling insurance against the downside - which means there is a downside. Which YOU get hurt by when it happens...

Perfect example of someone that comments without understanding what we're talking about. Who said anything about selling TQQQ before selling the TQQQ covered call in Way 2?

Wow. Big writing from such little hands. Have you ever back tested this or are you just guessing that I'm wrong?

I don't understand how I'm failing by taking a profit. And, yes, I'm listening to the people that listen to me, like you.