@Optionspuppy:
I closed $SPYG 20250221 91.0 CALL$ ,💰 Smart Trading Move: SPYG Covered Call Strategy 📈 I executed a profitable trade on SPYG by strategically selling and buying back options to lock in gains: ✅ Sold SPYG at: $1.40 ✅ Bought it back at: $0.80 ✅ Profit Earned: $60 per contract 🔹 Why This Trade Was a Win: 1️⃣ Locked in a $60 Profit Without Holding Shares 🏆 By selling high at $1.40 and buying back lower at $0.80, I captured a $0.60 per contract profit, translating to $60 for a standard 100-share contract. 2️⃣ Reduced Risk While Pocketing Cash 💵 By closing the position at $0.80, I secured my gains without waiting for expiration. This also freed up capital for the next trade. 3️⃣ Maintained Flexibility for Future Trades 🔄 Now t