08-19-2021, 06:58 AM
When I put on a covered call, I take it off as a covered call if it drops to your stop level. (hard stop or mental stop). No calculation of call price required, the price is what the price is when your stop gets hit, period.
I'm known as the non roll guy. Trade works or it doesn't. I don't spend my time nor capital defending trades.
IOW, the stock and the call or exited simultaneously, I use TOS. Other platforms may not have that capability.
Another drawback to doing this is the cost of 100 shares may be prohibitive.
Typically this collar strat that NUSI uses is not for opening positions but for positions that one has held and is significantly profitable on
I'm known as the non roll guy. Trade works or it doesn't. I don't spend my time nor capital defending trades.
IOW, the stock and the call or exited simultaneously, I use TOS. Other platforms may not have that capability.
Another drawback to doing this is the cost of 100 shares may be prohibitive.
Typically this collar strat that NUSI uses is not for opening positions but for positions that one has held and is significantly profitable on