WillieSenior
2023-11-01

$Sea Ltd(SE)$

$SE Those who are planning to buy SE stock and hold for Long term if stock drops below $41, you can do this. Buy 100 stock of SE, Sell 1March 2024 45 covered calls and collect approx $600. Take this money, buy Dec 15th 55 calls for $1 or less. So you will get 6 contracts. If SE shoots up before earnings or after , call premium will increase. Even if SE comes to 48 quickly, premium will increase. Then close your long calls. Let's say stock never went up and your call goes worthless, all you have to do is hold stock until March 15th. Off course downside protection is not there.


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