Sell covered call on nvda earnings outcome.

Sell covered call(cc) on the 19 nov 24 for 2dte 22 nov 24 when nvda at 140 , buy to close at 21 nov 24, next day after earnings within the 1st hour of opening. The premium was 125, buy back at 16, 87% of premium collected. From experience, I always preferred to do short dte cc, max 7 dte. I don't sell cc regularly, only during earnings season. I don't like selling cc because the premium is xibei low, maybe 20% or 30% of premium you receive from selling csp. If I were to sell long dte cc, there are no premium on your desire strike price. But what's important is, if you don't want your 100 shares to get call away, dont bother selling cc. I have encountered many times of shares get called away and miss out on alot of gains. The 🥜 premium you receive is not worth it, except for earnings season (super high iv on steriod). During earnings, if your cc went well, the iv crush effect will do it's magic. But for those doing wheel strategy regularly, than you need both csp and cc to work in hand together.

😊 option trading