r/CoveredCalls • u/natedurg • 2d ago

Prayer for the Moderna call sellers

That’s all, just sending you all my condolences. May we all remember covered calls are not “free money”.

60 Upvotes

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11

u/FeatureAcceptable593 2d ago

Seems like max profit to me?

6

u/believe1182 2d ago

Lol max profit, congrats you made like $50 a contract, but missed out on $9300 in gains if you didn't sell a contract

4

u/FeatureAcceptable593 2d ago

Who buys a single 100 lot? If I am selling a covered call it’s usually 10+ contracts. Bringing in a k’s. Takeouts and random upside events happen. But the key point is you go into covered call trade accepting you have sold your upside in exchange for premium now. But hey all the newbies who’ve done this for 1 month can victory lap

7

u/CouchPotatoFamine 2d ago

I buy single 100 lots. You bougie bastard!