Selling a call means you're giving someone the right to buy your shares at a certain price. If you already own the shares (a covered call), then you don't have to buy the shares to deliver them at that certain price. Let's say you sell the rights to buy 100 shares, at a price of $100 per share. You sell these rights for $1 per share. You earn $100 for selling the rights to the shares. For the person who owns the rights to make money, the share price must go past $101 per share. Scenario A: If the price stays at $100 per share, he just paid you for the right to buy your stocks at the market rate. Scenario B: if the shares go up to $101/share, he breaks even; he paid $100 for a $1 discount on 100 shares. Scenario C: If the shares go up to $102/share, he makes money, because he paid $100 for a $200 discount. Scenario D: the stock pirce drops below $100, he loses money because he paid $100 for the right to buy shares at ABOVE the market rate. In all scenarios, you get $100, AND except C and MAYBE B, you keep all your shares. The only scenario you "lose" is C, where you only earn $100 instead of earning $200. If you DON'T own the shares, you have to buy them to hand them over. In this scenario, you lose more money the higher the stock goes. If the price hits $200/share, you're fucked, because you promised to sell it for $100/share.

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GOOG? If you had entered at any point during the year except like late Nov until now you made money on class C. That, BRKB and oddly enough VYM are holding my whole port up.

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every successful trade ive ever made has been based on gut feelings. ie vibes. every fomo trade Ive ever made has left me bag holding including 1 that left me -90 percent. every well thought out and planned trade based on dd (my own, or some randos) also resulted in bag holding and big losses. usually 100 percent on options. so moral of the story is dont.

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Its all gut and retardation. The higher the x the more times itll go to 0 before u get there 

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It has to go up after that dip, right??? I definitely am buying 0DTE calls tomorrow based on this incredibly dumb feeling in my gut.

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(O)ne (R)ich (A)sshole (C)alled (L)arry (E)llison said "fuck your calls" tho

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The world is run by: - C- students - Fired employees - People no smarter than you Don’t underestimate yourself

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RFK is now pushing on breast milk. Does it mean we will have self-service tiddies in supermarket now ? Walmart C A L L S

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That’s why I full ported MSFT. I will probably lose it all, but, I’m listening to my gut instead of talking myself out of it. Fuck it. $50K ball

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You didn’t ‘put’ on Friday? I wish I stuck with my gut and went $2 instead of safe with $3. Made a killing.

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