This past week trading was good to me. Not huge gains, but I beat the market. Another benefit to selling covered calls.
See SPY below 👇
See my “gains”
Only 0.3%? While the gain is small, I avoided losing with the broader market. Minimizing losses = higher long term gains. Selling covered calls on INTC got me here. Not only did I outperform SPY, but also INTC.
What’s next?
My contracts expire on the 20th. If INTC finishes above $35 then the shares are called away. If under $35, I will sell before earnings to avoid volatility. Might jump back in depending on the results.
Ultimately my goal is to not lose money while holding a position. This increases the odds that I’ll be around for a big spike somewhere.