To The Moon

I’m really pleased that the covered call I sold on QYLD got assigned today, December 28. This assignment allowed me to lock in $18 per share for my 100 shares, bringing a solid gain to my portfolio. It’s always nice when an options strategy works out exactly as planned. With this assignment, I now have additional flexibility, allowing me to further optimize my positions.

Since I’ve successfully closed out the covered call position, I’m now able to make another strategic move. I’ve sold a put option on QYLD with a strike price of $18, expiring in 20 days. By doing so, I’ve earned a premium of $0.09 per share, or about 0.5% of the strike price, which I consider a fair return for this short time frame. This is a great way to continue generating income with minimal risk, especially with the flexibility of rolling options in my portfolio.

The advantage of selling the put is that, if assigned, I would be purchasing QYLD at a discount while also collecting a premium upfront. Even if the put expires worthless, I still get to keep the premium as a profit. It’s an efficient way to put idle cash to work and enhance overall returns. This trade is a perfect example of how I manage risk while boosting income from options.

All in all, today’s assignment and the subsequent put sale illustrate how I can effectively use options strategies to maintain a steady cash flow and leverage the market’s volatility. With the next 20 days in sight, I’m looking forward to seeing how this trade plays out.$QYLD 20250117 18.0 CALL$ @TigerTradingNotes @CaptainTiger @CaptainTiger @TigerStars $QYLD 20250117 18.0 CALL$