WDIS: Untrainables

Day 45: What's a Poor Man's Covered Call?

WDIS: Untrainables

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Today, Lindsay and Tom discuss the makings of a poor man's covered call, and the merits of an opinion. Sense the positions in Lindsay's account were near expiration, they close some for profit, and two for loss. Lindsay makes a couple trades based off her own directional bias, almost all of which Tom disagreed. You can see how all these play out on the tastyworks follow page. Follow Lindsay on Twitter @traderlinds

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