This video discusses the benefits of covered calls and why we leg into them for greater profits when our bullish position loses momentum.
It discusses the trade setup of buying Tilray, Inc. (TLRY) and how we managed it to date.
We could have let it get assigned at the $7.00 Strike for a 16.7% Return on Capital in 17 days; however, we rolled it because of the bullish price action for greater profits.
It shows you why and how we converted our long stock position into a Covered Call to increase the probability of profit and to lower cost basis.
It also shows you the amazing additional yield generated using this high-probability strategy.
Master Trader combines Technical Strategies (MTS) with options trading to teach investors and traders how to generate income and wealth in the markets.
Technical analysis is the foundation of our stock and options trading.
The more you Master our approach, the more successful you will be in trading stocks and options.
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Options Strategies Series – Directional and Income Option Strategies! Use Coupon Code MTSOPTIONS for 50% Off
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Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Dan Gibby
Chief Options Strategist