This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
Collected a few thousand AMZN shares over 5 years as part of my compensation. Someone asked me if I sell covered calls and I said I was too scared to try. Today I looked at the premiums for a 11/1 call and I could be making thousands each week by selling about 11% OTM. Seems like a no brainer considering AMZN doesn't have such big moves in general. Plus Bezos will just sell again at $200 like a few months ago.
I'm planning to travel next year for a while, meaning no regular income coming in and low tax bracket. Sounds like I should get a handle on selling covered calls and start raking in some cash money while abroad.
Anyone else sell covered calls? what's your experience like?
Subreddit
Post Details
- Posted
- 3 months ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/options/com...
try paper trading it first.
If you have a Schwab account you can log into https://trade.thinkorswim.com/ , then click on 'Paper Money' in the upper left, and then 'buy' the number of AMZN share you actually have, and then practice selling CCs against it in a simulated environment. (data is 5-15 minute delayed, I think, so fills would be a little off).
Or if you have different broker, look into if they have a paper trading feature for options.