Twenty short lessons that take you from "what is a covered call" to "I know exactly what I'm doing." Read in order, or jump to any topic you want.
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Most months, the income machine runs. You get an analysis, you execute it, and time decay works in your favor until the option expires or you close it at a profit.
Every covered call seller who's held a position through an earnings announcement has seen something surprising: the stock moves, and the option premium doesn't respond the way you'd expect. Sometimes the stock gaps up 5% and the call you sold is worth less than before earnings. Sometimes the stoc...