Happy to help. I didn’t know how it worked either until the beginning of 2025. As soon as I sell a covered call, I immediately put in an order to roll it at the premium of my choosing. I always select “Good till canceled” on the roll. When rolling a covered call, I try to get paid about half the cost of one share. So if I’m rolling an IBIT covered call I will set my price about .25 ($25).

Reply to this note

Please Login to reply.

Discussion

I’ll study on this idea. Thanks for sharing

It works really great when price is chopping or going down. Instead of rolling up and out I’ll roll it down a bit that same week. Allows you to buy the dips at no cost to you. If price is really running up fast I will accept less money to roll up and further out in time. Start small and experiment, it’s an amazing tool if you don’t want to sell.