Great trade. Curious, what made you pick the $85 strike specifically? Technicals, flow, or just premium levels?

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because stock don't go up everyday. Money is just rotating. We are getting unlucky the money is flowing out of the stocks we have calls in. Flowing into the stocks op just happened to pick

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Just pick only those

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Nice play. Curious tho .. why’d you pick the 665 strike for Oct and size it at 68 contracts? You planning to hold through or scale out if SPY dips under breakeven?

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Yep, you were chasing unsubstantiated rumor & innuendo, making quick, costly mistakes and not considering actual factual datapoints which takes much longer to process. A good stock pick is one with sufficient volume & investor interest allowing the individual to use indicators (MACD, etc.) to make more accurate decisions. The larger the market cap & shares of the stock, the greater predictability of those indicators. Then comparing that good financial tech analysis with crowdsourced opinions can lead to even better outcomes. Covered calls are a great strategy when not flipping stocks, which tells me your trades are more deliberate, reasoned and longer term. Don’t know your age or investment horizon, but would also consider dividend paying stocks in addition to those you trade. Good luck.

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Except for the part where the administration can pick and choose which companies are exempt. MAG7 are the biggest utilizers of this program and I have this weird feeling they will be exempt.

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Yea for sure. Never giving anyone a pick again unless I have 100% confidence in it.

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Never sell long dated covered call on a growth stock, and make sure you always sell substantially OTM when you do. Only pick an OTM price you would be happy with, never pick an OTM price for the premium alone.

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That's a lie told by greedy tech bros to scare us and make the tech seem way more powerful than it is. It's not even "replacing" us. Just a sorry excuse to give more work to less people. No one is making more money from AI except the circle jerk pick and shovel companies.

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If you believe that the whole point of investing in equities is to generate income, I guess I can buy your statement. seling calls results in a capital gain, not income, I exclusively sell calls and puts to retain equity eposure while reducing risk. I sell puts when a stock I want to own becomes oversold, Ocasionally it gets put on me. I sell calls when it is over bought and and I already own it, I look for 2% month . This year has been incredible BTW, your last paragraph is the stuff of idiots. Option premium lowers cost basis, which often negates losses. I have been doing this for 30 years. Pick 30 solid companies and learn technicals. Stay away from memery,

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