2 days before earning announcement, the call options were carrying extremely lucrative values due to volatility. I sold 2 covered calls for at a strike price of $205. I was hoping it would skyrocket right after the earning session. It didn't happen. My shares are still intact. Nevertheless, I still made money as both my covered calls and short puts expired worthless.
I have been doing short term (7 days or less)covered calls and short puts using the Wheel strategy repeatedly. Next week I will start another cycle.
Happy investing everyone 🤗!
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