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Hi everyone, Sorry if this is a stupid question and in an FAQ somewhere. I have no idea how to backtest whether selling OTM monthly covered calls on a stock (I’m thinking AAPL here) and either rolling and/or rebuying and immediately reselling would be better than buy and hold. I’ve done some searches but can’t seem to find what I’m looking for, so I’d really appreciate it if someone might push me in teh right direction. Not looking to get spoon fed here, but just get some advice on how to get started. Thanks so much to whoever might have some feedback
I haven't looked into automated back testing system for options.
If you are going to paper trade I recommend getting TradingView and learning their alert system, and only selling CCs if certain conditions are met (daily TTM Squeeze cross down through zero, SMI dropping through 40, RSI, MACD, B-Xtrender (puppytherapy), etc)
If your broker doesn't offer a paper trading account for options you can also create an account on OptionStrat (website mobile app) and save covered call trade ideas, and then watch on your 'saved' page to see how they develop over time.
I wouldn't sell one today, but here's a $235 cover called for Sept 20th
https://optionstrat.com/build/covered-call/AAPL/AAPLx100,-.AAPL240920C235
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