Beginner - Stock Questions MU NVDA GOOG AMZN MSFT
Hi! I've never sold covered calls before. Just been reading up and watching tutorials as much as I can. I'm itching to go but also being patient. I want to learn as much first.
I know theres multiple posts like this, but I'm hoping i can get some answers and feedback for my logic for these with the particular stocks I have owned for a while. The avg cost is decent so I wouldn't be at a loss of they got called. Honestly I think I might roll or buy out the contract if it gets too close to the strike price.
My risk tolerance would mean selling at around .1 Delta.
I currently have 100 plus shares of the following.
MU - I'm thinking this stock is too volatile and as a beginner I should probably not sell covered calls on it
NVDA - also a little volatile but I would possibly dabble in this - thoughts? Maybe after I get a bit more experience?
AMZN - this is a high contender for me to sell covered calls. And I would like to start but earnings being so close is a bit worrisome to me. What do you all think? Should I try selling a 16DTE on this today or wait?
MSFT - another good contender as my first, but too close to earnings, correct? Im thinking I should wait till after earnings.
GOOG - same as above?
Should I sell and switch to GOOGL for more liquidity?
Q - When close to earnings, what's a good buffer like? What's the danger zone to not sell covered call in timeline/days wise?
Q - I'll be selling in an RRSP in Canada. From what I've read, even selling 2 week DTE covered calls and rolling is fine, correct?
Thank you all so much in advance. I really appreciate anyone taking the time to read this and reply.