I found your summary last page insightful, but I don't think I've seen you post about your options strategy anywhere so far? Could you point me to anywhere here in LYN where you talk about your strategy?

Just google and read on covered call.

I find youube better for learning about options.

Come I give you my real life scenario/story or what happen to me.

I bought lemonade at 110. It went down to usd60+ and now back to usd90+. All this while I continue selling options on it, collecting premiums every week and no issue.  Never get assigned. Like I said be patient. Don't be greedy. The trick is slow and steady . My premiums for lemonade was about usd20/week. No issues.

Next, my AMD I bought at USD76, it went up to usd94 when my strike was 91. I just buy back at a loss. Yes this I make a loss and not ashamed to admit it. I could just let it assigned and buy back again or buy back. I choose to buy back but it happen once out of like 20+ week I have been doing it.

So again, so what if price move against you? What premium affected? I continue to collect premiums regardless of price movement up, down, sideways still collecting money every week. Move up or move down not a problem for me as my horizon is long term. Stick to plan of collecting usd10-20/week. Do not do anything. Do not touch mother share. Continue to collect premium. Once premium + savings + dividends reach enough to buy the next 100 shares, rinse and repeat.

Apologies for late reply,... was busy,...

You put it so easily in the above,... Upon seeing your reply now, I'll just say this very simple thing : What if you bought Lemonade and AMD and the price dived deep down and put you in the red, you'd be having unrealised capital loss. You can't sell because you'd be experiencing real loss then, and you'd continue holding,... causing you opportunity loss in other counters.

One of these days, there could come a time when there is no options offered on Lemonade and AMD,... causing you not being able to earn anymore premiums.

Conceptually,... the above line is something like the DLC game,... for many ctrs, though you are very good in the movement of such ctrs, you can't earn from DLCs because there are just no DLCs offered for such ctrs. Yeah,... we can say,... such ctrs have no liqiduidity, etc,... but the fact remains that nobody offers DLCs for such ctrs, so we can't play and profit from these ctrs.

He used to regard risks highly, not sure what changed for him? Easy monies ? 😛

What's DLC btw ?

Yeah,....you are right abt his risk appetite,... he was very vocal abt it. Now he's suddenly into a high-risk product, also called a specified investment product (SIP) in SG,... he has not been bitten yet by his 'selling options' game,....

DLC = Daily Leveraged Certificates. Basically, you put a small amt of money in (vs the ctr price) and bet on the MOVEMENT of the ctr,....Not all ctrs have DLCs attached to it.

I have long warned him options are not "dividends" per se. That extra premium comes with the risk one has to bear. Everyone has different risk appetite. His is somewhat mouthful haha

Apologies for late reply,... was busy,...

You put it so easily in the above,... Upon seeing your reply now, I'll just say this very simple thing : What if you bought Lemonade and AMD and the price dived deep down and put you in the red, you'd be having unrealised capital loss. You can't sell because you'd be experiencing real loss then, and you'd continue holding,... causing you opportunity loss in other counters.

One of these days, there could come a time when there is no options offered on Lemonade and AMD,... causing you not being able to earn anymore premiums.

Conceptually,... the above line is something like the DLC game,... for many ctrs, though you are very good in the movement of such ctrs, you can't earn from DLCs because there are just no DLCs offered for such ctrs. Yeah,... we can say,... such ctrs have no liqiduidity, etc,... but the fact remains that nobody offers DLCs for such ctrs, so we can't play and profit from these ctrs.

I have long warned him options are not "dividends" per se. That extra premium comes with the risk one has to bear. Everyone has different risk appetite. His is somewhat mouthful haha

Actually,.. it's very dangerous for investors and new investors to read such postings,.. equating option premiums with dividends received. Must not follow blindly,... 

Would like to ask if we withdraw our sgd from cimb sg to malaysian account, will it trigger LHDN side? Since SGD 3000 is actually almost rm10k already in malaysia.
Well, lousy rm keep depreciating

So, how to avoid the system trigger?
Deposit /withdraw <10k a month?
Or split into different transactions?
(But as you said too many times also trigger)
What is the threshold?

Apologies for late reply,... was busy,...

You put it so easily in the above,... Upon seeing your reply now, I'll just say this very simple thing : What if you bought Lemonade and AMD and the price dived deep down and put you in the red, you'd be having unrealised capital loss. You can't sell because you'd be experiencing real loss then, and you'd continue holding,... causing you opportunity loss in other counters.

One of these days, there could come a time when there is no options offered on Lemonade and AMD,... causing you not being able to earn anymore premiums.

Conceptually,... the above line is something like the DLC game,... for many ctrs, though you are very good in the movement of such ctrs, you can't earn from DLCs because there are just no DLCs offered for such ctrs. Yeah,... we can say,... such ctrs have no liqiduidity, etc,... but the fact remains that nobody offers DLCs for such ctrs, so we can't play and profit from these ctrs.

Yeah,....you are right abt his risk appetite,... he was very vocal abt it. Now he's suddenly into a high-risk product, also called a specified investment product (SIP) in SG,... he has not been bitten yet by his 'selling options' game,....

DLC = Daily Leveraged Certificates. Basically, you put a small amt of money in (vs the ctr price) and bet on the MOVEMENT of the ctr,....Not all ctrs have DLCs attached to it.

I have long warned him options are not "dividends" per se. That extra premium comes with the risk one has to bear. Everyone has different risk appetite. His is somewhat mouthful haha

Believe in your holdings. I believed in AMD and lemonade. That's why I never panic sell. Lemonade price dive to like 50% off from what I bought. Remember that. So I have been down the road.
It's not high risk if you know what you are doing.
Trust me, once you tasted options you aren't coming back to dividends.

I am still conservative in case you think anything has changed. My rules for options is very simple. Have high conviction and know why you are buying it in the first place. Do not do options for stocks you don't want to hold.

My rules of investing never change since day one. Be defensive. I see options as a superior way to generate DIY dividends Vs going dividend way.

Can you please advise what are the ETFs or stocks for your covered call strategy? Pls and thanks

The etf I will ever buy is arkk and arkw. I won't bother with any etf.
My stocks and your stocks will differ in value cause I buy all the super growth stocks. All not making money but burning money one. Year in year negative profit.

So still want to follow me?

Only do covered call on stocks you want to hold long term. Don't do on stocks which you don't have hodling power as you will panic well. My stock can drop 60% in a month.