Invest
Trying my hand in selling options | Collected $300 in premiums so far
By Singaporean Talks Money  •  August 6, 2023
I was watching some videos on options and also KelvinLearnsinvesting and here, where he provides such a great simpler version and so it is much easier to understand so I decided to check out how it works. I first needed to learn how it works and so I read and watch video tutorials on covered calls and cash secured puts. There are a lot of information online and I won’t go too deep explaining it since I might get it wrong too but for a covered call, you will need 100 shares and you are selling a call option and if the price of a stock reaches the strike price or beyond what you selected then you will need to sell your 100 shares and you will lose the difference if the stock prices goes up up and beyond your strike price where you would also get to keep the premium....
Read the full article
By Singaporean Talks Money
I am currently a 23 year old university student in SIM. I hope to be able to grow my money and see the power of compound interest. I became interested in investing when I took a gap year and worked full-time. I realized that by just saving, it was very difficult to achieve my financial goals hence i read up on investing.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance