Being a complete chicken little, I try to do covered calls for virtual every growth stock I purchase. Checking out WISH ($14.50), I see $27 calls for Jan22 are selling for about $6.00. So, covered calls for a strike that is nearly double the current stock price are selling for 40% of the current stock price. Even if the price hasn't changed any by January 2022, I still clear 70%. If WISH grows above $27, I am looking at 300% growth. This seems like a no brainer move to me? What am I missing?
Honestly, I'm thinking about placing my entire portfolio in this stock. That is, the entire amount I have for these types of fun, riskier investments.
Submitted June 24, 2021 at 11:50PM by Henpen9699 https://ift.tt/2UDOK2n
