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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.
By tastylive4.9
8989 ratings
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.

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