Covered call - $200 strike price
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EnjoyTheProcess : congrats! good play! Previously, I held more than 100 shares of Tesla, wanted to sell covered calls to earn premiums while the stock was free falling, but not sure how to execute it. If I am already holding 100 shares of Tesla, do I select 'single option' sell call? or do I select 'covered stock' sell call? Thanks in advance.
Albert Mm EnjoyTheProcess : just "sell call", "covered stock" will force you to buy another 100 shares, if thats what you are willing to do :). Once the order is accepted, your shares will be combined with the call sold to form a "covered stock".
Cow Moo-ney OP EnjoyTheProcess : Hey, thanks! You can select single option. Moomoo will execute the trade for you if your shares get called away.
EnjoyTheProcess Albert Mm : Thanks bro! got it! appreciate ur reply![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
EnjoyTheProcess Cow Moo-ney OP : Thanks bro! got it! appreciate ur reply too![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Seraphicall : Wow wow nice. Waiting for it to expire worthless?
Cow Moo-ney OP Seraphicall : Yeah, unless Tesla goes berserk and shoots up to near 200![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
then I may consider closing it haha
Seraphicall Cow Moo-ney OP : Not likely lols
Cow Moo-ney OP Seraphicall : I think so too haha that was why I opened this trade. Hedge against my long term shares
Seraphicall Cow Moo-ney OP :
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