Learn covered calls, one lesson at a time.

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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Rolling & Position Management

Should You Close Your Covered Call at 50% Profit?

You sold a covered call two weeks ago for $4.00. The stock drifted sideways, time decay did its work, and now the option is worth $1.80. You've captured 55% of the maximum profit with half the time still remaining.