Help with my first covered call option

Discussion in 'Learn how to trade or invest by asking questions' started by HenryTrades, Sep 27, 2016.

  1. HenryTrades

    HenryTrades New Member

    Help with my first covered call option:
    I own 100 shares of MAT (Mattel) and I want to sell an option on this, with the idea the buyer will probably let the option expire, and I'm not worried about the stock skyrocketing in the near future.

    How can I do this? What price do I sell the option at? How exactly do I sell the option? I was warned if I enter the wrong thing it could cost a lot of money.
     
  2. Acstudio

    Acstudio Well-Known Member won penny contest 44x won weekly contest 40x won weekly contest 41x simulator winner 20x

    The how depends on what trading platform you are using. Which one really depends on your plans. Go to Tastytrade.com and search the archives for "covered calls" and there will be bunches of info on this strategy...and it's well worth knowing.
     
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