May 30 • Investing! Lets grow together!
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Last Monday I sold a SOUN $9.00 covered call that expired yesterday. Was only $8.00 premium. Yesterday around 3:00 when SOUN dropped below $9.00 I rolled the option for next Friday $9.50 and it paid $23.00 in premium. My original CC I bought back for $4.00 so I gained $4.00 plus the $23.00, so $27.00. I'll take any free money I can get. $27.00 isn't a lot of money but it adds up. Think about this If I had 1,000 shares, I could have done that same trade 10 times and made 10 times the amount I made. Thank you, Joey, for showing me how to roll options.
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