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Loved the video Chris! I'll have to use the collar when I have a profitable stock position. Currently down (alot) on my only long stock position which got assigned via a rolled short put. Have a great day, man!
Thanks Evan! I'm glad you liked it. New editing style I'm trying. Sorry about the stock but you can hold it long-term since it has no expiration! I hope it comes back for you.
As usual, awesome instructive video Chris, thank you so much ! one question please, is it always available to get the course when we open and fund an account with Tastytrade ?
At expiration if you hold the call THROUGH expiration and the stock is above the short call strike, you'll automatically get exercised and sell/short 100 shares per call at the strike. If you own 100 shares and have the short call (covered call), then getting assigned on the call means selling your shares. If you don't have 100 shares and you get assigned on a short call, you'll end up short stock.
Is this strategy more for short term hold (hoping for big increase in value then sell it) or can it be applied to long-term (say if I want to hold a dividend stock in a retirement account)
You can do longer-term collars for sure, but you're locked into those strike prices for a longer period of time compared to shorter-term collars where you can "re-center" the strikes more often
Interesting strategy. However, what would be the strategy if I have, say, 1000 shares of a stock I absolutely want to keep that already have a healthy gain. I’m concerned about the short calls (let’s say I protect all 1000 shares with 10 short calls) in the scenario where the stock quickly skyrockets on some great company news and the all-of-a-sudden, deep in money, buyers all decide to exercise their calls. Potentially, I would have to sell all my shares when I absolutely wanted to keep them. I know it’s a hypothetical scenario, that’s a very low probability, but we know how markets can throw us a curveball. Is there a better strategy that wouldn’t risk losing the shares, but still protect the share value in the case of a market crash?
✅ New to options trading? Master the essential options trading concepts with the FREE Options Trading for Beginners PDF and email course: geni.us/options-trading-pdf
Nice. I have heard of it before but you explained it really well. Thank you
Thanks Andrew 🙏🏼
Do you have a video explaining different terminologies and how to read trends in charts???
Thank you for sharing!
Thanks for watching!
Loved the video Chris! I'll have to use the collar when I have a profitable stock position. Currently down (alot) on my only long stock position which got assigned via a rolled short put. Have a great day, man!
Thanks Evan! I'm glad you liked it. New editing style I'm trying. Sorry about the stock but you can hold it long-term since it has no expiration! I hope it comes back for you.
@@projectfinance Yep! I'll just wait it out! This is a cool editting style - keep it comin'!
As usual, awesome instructive video Chris, thank you so much ! one question please, is it always available to get the course when we open and fund an account with Tastytrade ?
Thank you! Yes you still can
@@projectfinance Hey Chris, thanks for your reply, I opened an account using the affiliate link, is there a way to show this to you ? thanks :)
Good video 👍
Thanks Tom!
Fantastic, you are trading like a true professional here. Anytime you can take that Gremlin/Gambler out of your mind the better. Nice Video!!
If the stock price is above the strike price of the short call are you obligated to sell the stocks (lets say you have 100 )
At expiration if you hold the call THROUGH expiration and the stock is above the short call strike, you'll automatically get exercised and sell/short 100 shares per call at the strike.
If you own 100 shares and have the short call (covered call), then getting assigned on the call means selling your shares.
If you don't have 100 shares and you get assigned on a short call, you'll end up short stock.
Is this strategy more for short term hold (hoping for big increase in value then sell it) or can it be applied to long-term (say if I want to hold a dividend stock in a retirement account)
You can do longer-term collars for sure, but you're locked into those strike prices for a longer period of time compared to shorter-term collars where you can "re-center" the strikes more often
I rather sell covered call only (without the buy put) in this scenario to collect the full premium
That's still a bullish position with not nearly as much downside protection
Man, this is a very interesting idea
Interesting strategy. However, what would be the strategy if I have, say, 1000 shares of a stock I absolutely want to keep that already have a healthy gain. I’m concerned about the short calls (let’s say I protect all 1000 shares with 10 short calls) in the scenario where the stock quickly skyrockets on some great company news and the all-of-a-sudden, deep in money, buyers all decide to exercise their calls. Potentially, I would have to sell all my shares when I absolutely wanted to keep them. I know it’s a hypothetical scenario, that’s a very low probability, but we know how markets can throw us a curveball. Is there a better strategy that wouldn’t risk losing the shares, but still protect the share value in the case of a market crash?
Can I open a account from Greece ?
It looks like yes! support.tastyworks.com/support/solutions/articles/43000435355-supported-countries-for-international-accounts
😍😍😍
Did you like the vid?
@@projectfinance I sure did
I believe that's what Mark Cuban did with Yahoo.
Precisely
see CFDs are much better. Forget the USA, come to Europe to trade in normal conditions. Nevertheless, its a much more civilized part of the Earth.