To The Moon

Selling covered call options (sell covered call) is a strategy adopted by many large funds. It can also be used by retail investors in the US stock market.You can get income while holding it. This strategy is very suitable for stocks that have long-term positions, but they have not moved but they are not in a bearish position recently or are in a bearish position recently. It can be a good strategy for mature investors to roll over when holding some targets for a long time. Income comparison Assume that investors hold 200 shares of Amazon from January 1 to December 17, 2021 If there is no operation during the holding period, the final total assets will be USD 675,484 If the covered call strategy is carried out, it will be operated once a week; if 100 shares are sold after the exercise, ano

Hello fellow traders. In this technical article we’re going to take a quick look at the weekly Elliott Wave charts of SPDR Energy  ETF (XLE)  , published in members area of the website. As many of our members know, the ETF has found buyers at the extreme zone recently.  XLE hit our target area and completed a correction at the Equal Legs (Blue Box Area). In the following sections, we’ll take a look into the Elliott Wave forecast. XLE H4 Update 09.12.2024 The ETF is giving us correction that is unfolding as 3 waves pattern , labeled as (W)(X)(Y) blue. The pullback has already reached the extreme zone (Blue Box). We are aware that turn higher can happen any moment. However, we still see possibility of another marginal push lower. At this stage, we advise against selling the ET