Today we’ll be discussing covered calls and how to create them within the thinkorswim web app. We’ll start by learning what they are, how they work, and how to manage them throughout the life of the trade.

Rolling options:    • Rolling Options to Save Your Trade | ...  

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In this video, we'll learn about selling covered calls, which is one of the simplest selling strategies out there. It’s created by first owning at least 100 shares of the underlying stock and then selling a call option against those shares. It’s a bullish trade, but the main goal is to generate income from time decay.

Timestamps
0:00 Intro
0:21 How to open tos web
1:18 Option chain explained
3:26 Covered Calls
3:35 Buying shares
4:53 Selling covered call
10:31 Edit or cancel working order
11:45 Best practices
11:55 Picking the expiration
12:35 Picking the strike price
14:26 When to close
14:51 Rolling the call option
17:30 Outro

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