Tesla & Apple Poor Mans Covered Call (PMCC) | Live Trading #64

Welcome to episode 64 of my live trading series, a simple video today, I'm rolling my Tesla and Apple PMCC, the poor mans covered call, if you've watched the series for the past 9 months, the TSLA PMCC has been one of my most successful and profitable strategies. I give a quick update on the Tesla Iron Condors as well, closing last weeks IC and opening 3 new Iron Condors.

Tesla & Apple Poor Mans Covered Call (PMCC) | Live Trading #64



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Hey guys, welcome to the channel I'm a full time Chartered Accountant as well as a part time Real Estate agent with a background in finance, investing, budgeting and of course, real estate.

I've been on a personal mission for the last 10 years to build multiple streams of income, including both passive and active income. On this journey, I've gained a ton of domain knowledge about personal finance and investments that I would love to share.

My goal for this channel is to help you understand basic taxes, personal finance, investing, budgeting and expense management.

#optiontrading #coveredcall #livetrading

[SevenskyGaming]

Hey man thanks for all the content that you've been putting up lately. Really appreciate it.

[sidb]

Here we go! Tesla giving some gainz recently, due to high Vol!!

[mikedeee]

Thank you so much for your videos.

Do you think the one-year leap is better than the two-year leap for Tesla?

[sidb]

Bassem, When you managed your iron condor, did you only manage the put side of the trade and close the call side? If not, what were the strike prices on the call side? Also, why did you decide to only go lower on the put side by $50? what would happen if the vol. continued and tesla continued to go lower to near 900 level?

Edit: I think you just roll out the tested side only with double the contracts and let the untested expire? but, why the 900 strike price and not lower while rolling it?

Sorry for the many questions :P It's friday night and I have no life :P

[deviambati]

Hello Bassem, Thanks for the email about Poorman's covered call. I am still in learining stage. I have AAPL 150CE (Jan 2023), do you think it is advisable to use poor man's covered call SELL 185 CE at $3.10 (jan 2022). I am looking forward for options related to NIO as I have some stock. Thank you for your dedication.