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There’s one covered call management mistake to avoid that will guarantee a loss on your position.
The covered call is a popular options strategy that is easy to manage in most cases. If the stock is below the short call strike at expiration, the trader can buy back the call for a profit and sell a new call in a further expiration cycle to collect more premium and keep the CC going.
I’ll break it down in this video, and talk about the “stock repair strategy” which can be better than a traditional CC on a losing stock position.
Leave me a comment if you have any questions or feedback!
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