Cleaning Up On Last Week
When I'm doing buy-write trades, if the stock closes below the strike price (the price of the option), I get to keep the stock.
What I do then on Monday is enter orders to sell options on the various stocks. This brings in safe and reliable income for the week.
This morning, I entered these orders.
Sell 1 AMD 2/17/23 $82 call at $2.50 (total $250) *
Sell 1 ALGN 2/17/23 $320 call at $10 (total $1,000) *
Sell 1 ENPH 2/17/23 $212.50 call at $8.00 (total $800) *
Sell 1 UBER 2/17/23 $34.50 call at $1.25 (total $125)
Sell 1 TRIP 2/17/23 $25 call at $8.00 (total $800)
Sell 1 BIDU 2/17/23 $146 call at $8.00 (total $800)
Those with an asterisk (*) after them reached the price and sold. Any that don't sell today, I'll try again tomorrow.