About this episode

Jamal discusses using a covered call strategy on Robinhood stock after its price drop.

Robinhood stock dropped from $120 to $75. Most traders would either hold and hope or cut the loss. Jamal bought it and immediately sold a call against it. A covered call turns a stock position into an income trade. You buy the stock, sell an upside call, and collect premium that lowers your cost basis every single cycle.

People in this episode

Guest: Jamal

Topics covered

• covered call
• options trading
• income strategy
• stock market
• Robinhood

Keywords

• covered call
• Robinhood stock
• options trading
• income trade
• premium
• cost basis

Mentioned in this episode

Organizations: Robinhood

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