Full account update.
Day 1 - $20,000
Day 389 - $61,500
Covered calls should all start paying soon. Had to roll roll roll, now we see a downturn and we collect collect collect.
Don’t get caught up in the short term.
The account is up from 20k-60k in just a little over 12 months.
When you play leveraged names you need to be able to handle the swings. I play them with the notion of writing covered calls always. Collecting that premium is what I’m after during these downturns. I’ll let the stocks run up and roll them out when that happens.
share appreciation > premiums.