Bruh... Get your cope on, baby. It's cold outside. (Just FYI, young man... I ain't buying your shit. Young as you are, you've got NO room to talk. Go puff on a coffin nail, have a big mug of extra-strong coffee, and watch a comedy on YouTube - "Dinner for One" with Freddy Frinton will do you. You'll be fine. )
Clearly, it wasn't clear - because that's not what I said. But hey, feel free to strip off all the context you want to make it come out the way that pleases you; since your ego is what's important here, service it to your heart's content. I'll note that I was quite specific in answering your question about how I manage risk - and that you totally blew past it. So, it's not just your reading comprehension that's inadequate; it's also your ability to ask good questions, or hear anything that does not fall into your range of expected answer. That's not going to serve you well. Indeed. Good luck; you'll need it.
... Young as I am. Mmm. The only reason I am responding to your young whipper-snapper drol is because "Go puff on a coffin nail" is some funny-ass shit right there boy, ahaha!
%% Same here on not waiting for years of drawdowns on qqq LOL Some addictions are good , come to find out many people dont really apply the wisdom they are supposed to, be addicted to a certain amount of water-liquid per day LOL. Other wise they are dead ducks or chronic underperformers LOL I have to make up for my lack of liquidity in winter; I dont like 8 or 9 cups of coffee or hot choc LOL. 100% juice + blends helps
I have a simple question to test basic knowledge. Is there any PnL/payoff difference between a covered call and a short naked put?
%% Mortgage is really a RE option+ most use a 15 or 30 year. But 100% of foreclosures are cause by leverage , like Dave Ramsey says. Cash sales in RE were always quicker about 30 days to close LOLInterest rates were much higher then/ but RE was cheaper + more affordable for the masses ................ But i liked doing most of RE thru community banks-local banks much better than WFC or any big banks. NOT a stock tip WFC was fine to borrow from+ pay off early LOL; even though WFC had an additional ''inspection fee'' LOL
Yes, the obvious one is about better commissions on the short naked put. As you don't own the stock you didn't have to pay commissions to buy it yet. Another obvious one is the dividend paid on the stock on a covered call, in case it happens. As you own the stock, dividends may apply. The not so obvious one could be about the margin required per day for the short naked put, you might exhaust your funds it not planned properly, hence the extra considered risk. This one would depend on the broker. I would use a short naked put over a covered call in case I wanted to buy the stock at the strike price, and in case I wasn't forced to exercise it by the option buyer, I could farm some premium.