Are there advantages to selling calls at several strike prices?

Cabin111 said:
That's what he did with the 500 shares of XOM...At earning time.

No rabbit hole here but, his wife doesn't even want him to do covered calls. I know because it happens to me...Quality stocks get called away and you are left with dogs.

What I have ended up doing (just me), is doing leaps on quality stocks way OTM. For stocks you want to hold onto, XOM seems like something you want to keep for years/decades...

Except for solar, a pipe dream as per Homer.

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What matters is what is the simplified position with the adds. That's the benefit of synthetics to the newb. None of the other stuff matter (wife, risk tolerance, weather, etc).
 
Des, not arguing with you. You know the terminology better than anyone here.

Here is the quote from Math...

Not only do I not understand the nuances... I don't understand a lot of what you are talking about. I also do not think I'm approved for option trading straddles. Sorry, I'm a beginner, a lot of the vocabulary and abbreviations you are using is over my current knowledge. All I have done in my options trading experience is sell covered calls (mostly), bought a few calls and sold a few puts. I have been reading a lot about options trading. I just joined Elite Trader today.

He bought back his first put!! And even with that, he didn't understand (exactly/fully) what he was doing...
 
Cabin111 said:
That's what he did with the 500 shares of XOM...At earning time.

No rabbit hole here but, his wife doesn't even want him to do covered calls. I know because it happens to me...Quality stocks get called away and you are left with dogs.

What I have ended up doing (just me), is doing leaps on quality stocks way OTM. For stocks you want to hold onto, XOM seems like something you want to keep for years/decades...

Except for solar, a pipe dream as per Homer.

More...
Thanks Cabin,
I just keeping rolling CC with most all of the stocks in my portfolio.
My strike price for XOM is 123 with expiration 3/10/23.
 
Thank you for bringing XOM to my attention.
I'm in three others, KMI, MRO and OXY.
Obviously not in the six figure price range like XOM.
I took a diagonal Call credit spread position in XOM this morning.
So far, so good.
 
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destriero said:
What matters is what is the simplified position with the adds. That's the benefit of synthetics to the newb. None of the other stuff matter (wife, risk tolerance, weather, etc).
More...
Hey destriero,
I bought a straddle NCLH
The put is going to be worth some money today.
I'm back to deciding when to sell the put.
3/10 16.00P
 
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