Originally Posted by MDawg View Post
Covered calls are so...thirty years ago. We were laughing at the old school brokers who suggested them when I first started trading end of the '90s, and they are inappropriate today too. When a stock like AMZN starts running then a covered call just means that you sold your birthright for a bowl of cold porridge.

Anyway I just got shut out again I noticed it plummeted so I put in an order at 1903 when the bid was 1903 and change. Now it's 1907 and change. I shoulda gone in at the mid, 1904.

I don't like to stare at the ticker all day long. I just pop in every now and then, and see if what's there looks appetizing. I don't trade every day.
You can close them out and then sell new ones with higher strikes on the way up. That's why I specified out of the money.