Looking to swing trade few of these plays with stocks and covered calls 1-2 contracts only with April 16 expiry
$AI, $LAZR, $QS, $BLNK, $APPS, $PLUG
Criterion --> 5 billion$ market cap, severally beaten stock, and High Imp. Vol., if needed, can hold for longer and continue CC
$AI, $LAZR, $QS, $BLNK, $APPS, $PLUG
Criterion --> 5 billion$ market cap, severally beaten stock, and High Imp. Vol., if needed, can hold for longer and continue CC
The strategy here is simple, buy stocks sell covered calls 10-20% from the current price from April 16 expiry. If assigned collect cash, unless sell covered call again 2 weeks out.
One more day before funds made available by a broker to trade as they keep 4-5 days mandatory on hold after being credited. Moving the trade execution to tomorrow, let's see which of these opportunities are still attractive by tomorrow
Dry powder is expected today, given the move made by stocks, I will pick 1-2 stocks including $ABCL for cash-secured PUTs instead of stocks + cc for now. Still in Risk-Off mode and want to be defensive for new positions
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