|
Pittsburg, Kansas | If you're using leverage.
I sold June calls on IDR. Covered calls a while back. No leverage. Just before the close Friday I bought about 2/3 of them back, the ones I could pay about a third of what I got.
Only risk I had was getting called out and selling a portion of my shares at a price I was happy with. No risk other than no longer having my stocks and cash instead.
But if a person is using leverage, the down side can look a lot scarier than the up side. About the only way to "lose it all". And pretty quickly if the leverage is great enough.
Of course you know this. But people should think twice before getting levered up on a volatile market.
Selling uncovered calls would fall in that dangerous category, in my opinion. Now if you actually have the metal and would be happy selling it at strike price, good plan. I wish I could do that with PSLV but options don't trade for it.
Edited by John Burns 2/1/2026 08:17
| |
|
Silver price WAG
