u/chipper0711

Selling same day cc. What’s the downside?

I’ve been investing for 50 years, but only regularly selling cc’s for the last few months. I’m killing it with selling same day covered calls. On positive opens only I’ll sell cc options on ai stocks $5 or so otm 15 minutes or so after market open and right after the sale put in a limit order to buy them back for 20% of what I sold them for. I’m making a killing! I’ve had shares assigned a few times and with a little patience I buy them back a day or two later for the assignment price. I understand I run the risk of a stock gapping and never getting it back again but I can always find another good stock. I sort of feel like I’m the house in the same day option craze and loving it. What am I missing here?

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u/chipper0711 — 4 days ago