I made a killing today!!

[KINGOFSHORTS]

I bought 100 shares of intel and wrote 100 Calls deep money contracts 13.0 nov on intel.

Made 17,900 so easy.

Covered call writing is the bombs just spend less than 2000 on intel stock and make so much on premiums, worst case scenario I get my 100 shares assigned away.

 

[cfelicio]

uh, to cover 100 calls you need 10000 shares, not 100... you know that, right?

 

[KINGOFSHORTS]

what are you talking about aint it 1 contract per share?

 

[Dr. Zhivodka]

you overwrote by a factor of a hundred. You know that right?

 

[Mecro]

Quote from KINGOFSHORTS:

what are you talking about aint it 1 contract per share?

LOL

 

[PAPA ROACH]

Quote from KINGOFSHORTS:

what are you talking about aint it 1 contract per share?

 

[Clubber Lang]

LOL.

 

[ChaosNSX]

This thread should be pretty interesting come NOV.

 

[Lucrum]

Quote from KINGOFDORKS:

I bought 100 shares of intel and wrote 100 Calls deep money contracts 13.0 nov on intel.

Made 17,900 so easy.

Covered call writing is the bombs just spend less than 2000 on intel stock and make so much on premiums, worst case scenario I get my 100 shares assigned away.

I knew the moment I saw "so easy" something was wrong.
And to make it worse you've advertised your options ignorance/mistake to the world.

You may want to take another look at your "worst case" scenario.

 

[MandelbrotSet]

Wow, the trading Gods certainly did smile on you today, didn't they?