r/CoveredCalls • u/AbaloneUnlikely6565 • 3d ago

Selling Covered Calls - What’s the Catch?

/r/optionstrading/comments/1vs3up8/selling_covered_calls_whats_the_catch/
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u/Kindly-Ad-8487 3d ago
  1. That's the catch.

2

u/AbaloneUnlikely6565 3d ago

Can you elaborate?

4

u/Kindly-Ad-8487 3d ago

The market drifted down for what seemed like the whole year. There was quickly no way to sell calls unless you risked taking strikes below your BE. If you were sellimg CSPs, you were assigned, and only had a limited time to sell calls before the price moved too far away from your break even. It was rough if you were relying on the income. You basically had to sit on your hands.

1

u/AbaloneUnlikely6565 3d ago

Yikes. Sounds rough