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Solid vid! Very clear!!! I learned something. Thank you!

I don't think I've ever seen you without a hat in a vid. Threw me for a loop for a second lol. I just watch this video for entertainment cause I have no idea what you talking about lol. Baby stock market investor here.

Down 2.5k I would have been shaking in my boots!!! Nice come back !!

Thank you for the video. Technically the process you followed was a roll, but wouldn't it make more sense to use the actual "roll" feature on the options page? It would potentially require less capital as the closeout fee and the premium from the new covered call would all be processed in one transaction. Could be useful to know for traders who may not have the cash available to buy back their current position before receiving the premium for the new covered call. Hope that makes sense!

I've been loving the covered calls my friend! that video you did with the king of covered calls opened my eyes

Wow great ideas and research! Good Job made my day easy ! 👍🏻✅📈

Huge respect that you provide real examples. That's the way I learn best. Thank you man.

Thanks - I've been selling cc for a while, and now learning how to roll some that are getting close to the strike price that I'd rather not give up just yet. Your video popped up first in a search. It's 3 years old, so perhaps Fidelity has changed, but on the cc there is the option to roll. My question is, if one part of the leg doesn't execute, will the other? It seems I don't need any cash to put the order in because the new premium will take care of it. You're right - it takes time and a lot of learning work to get to this point in investing. Thanks. PS I wonder how you ultimately handled the massive drop in BYND.

One important thing you covered which I couldn't find anywhere as I was scouring for that info ... 1) You have 100 Stocks and you want to sell Covered Calls 2) You "Sell to Open" on Strike Price (more than your cost basis) and 3) When you are ready to collect your money, you "Buy to Close" ----- Nobody appears to think of that end part which I think can throw a lot of people off. IMHO. So Thank you!

Let’s Goo! nice comeback on the play! 💯

Man, I love how real you are!!! Keep it coming!!!! I want to see more and learn more

For the algorithm 💪🏻 Great vid bro

I watched the video just trying to get an answer on whether Fidelity allowed a roll with a single transaction as some brokers do. It seems like that is not the case, you have to buy to close and sell to open again. So thanks for confirming that. Side note - it is NOT a cardinal sin to write a call below your cost basis unless you have some specific reason why a realized loss is a problem (like perhaps a wash sale issue). That is a prime example of the "sunk cost fallacy." Once you buy a stock, the cost basis should be nearly irrelevant to your decision-making other than as it impacts taxes. When you sell a covered call, you are weighing the benefit of pocketing the profit versus the various downsides to having the underlying stock tank or skyrocket. The fact that the strike price is above or below the cost basis should make no difference. This can be a tough thing for many people to get. Literally the moment after you buy a stock, the price you bought it at doesn't matter other than for taxes. All that matters is that you make decisions about selling or buying more or doing options based on the situation when you make those decisions, not base don what you bought it for. Failing to make decisions like this is the number one reason why people lose more money than necessary when a stock goes down.

Helpful! Thank you. Been watching videos about options a long time, but I’ve been too scared to try. 😅

Thank you for the video. So when you buy to close the covered call you give back some of the premium you received correct? Assuming the coveted call is near the strike price it loses significant value correct?

Finally got to finish watching this very well explain video! You got me almost wanting to try this

great job with the explanation on rolling!

Thanks for content Benny

BYND TO THE MOOOOON!!! Unfortunately at $117 earlier this month I was super hesitant.... opportunity missed I think but it may drop down eventually (probably not tho lol)

Love hearing about the mistakes and how you corrected! Thanks for sharing

That Clorox wipe never fails 🤣🤣 Love your content!!!

This happened to me! I was so mad at myself for selecting a strike price below my share basis! Ugh. Thank you for your video.

Great slucing Benny. I had a 90 PUT on BYND this past week. It probably spiked up when I bought it back. lol.

Nice Benny! I’ve been trying to learn more about options trades!

Just found your channel. Good stuff bro, I dig it. I'm actually lookin for how to roll my call option in fidelity since the stock is taking a dump right now and I want to extended the expiration date, haha

Boy, you are the best at explaining this! Great job

Benny I love your videos. I learned a lot with them. And area that I still dont understand is exit strategies. When you want to buy back your option how do you select the price to buy it back of all the bids and ask prices listed in the option chain. Could you do a video expanding on this specially the mechanics of it. If you help me with this I will start selling covered calls but I still dont know how to buy my option back. Thanks Benny.

Cool PTON call credit option that expires tomorrow sold the 113 strike and bought the 117, it went way up, to 123 hopefully it drops tomorrow, I've rolled it from last week, what can I do to offset the deficit, and I have 8 contracts

such a great video! ... the STORY TELLING had me on the edge of my seat! Loved how you dealt with rolling it ... selling prem under your stock purchase price ... I call that dancing with the devil baby as you know you have to DANCE if that stock moves higher then your strike and MANAGE the trade by rollin! ...hey, its STILL a do-able strategy ... have to get your skill ... I do it all the time!

Great walkthrough, BYND is interesting too. Keep it up!

Would you sell a covered call that is below your average price? I have a situation that the stock tank close to 50% and selling covered call does not provide any premium since it is too far from the current price. Is this a risk I should take? Please advise!

Great video as always bro. Love when you show options plays. Do you plan on selling your shares if BYND hits the strike or would you continue to roll?

Got 69k in the market. That’s about to skyrocket after I get done saving this 15k emergency fund this February. Ready to join the big ballers man, see you at the top.

Excellent explanation. I've made the same mistake myself. Nice to see another Fidelity user on YT! 👍

This was helpful for beginners and was well focused on fundamentals. Thank you.

Great video! Omg that pizza looks great

Ahhh I was wondering what happened with your BYND play. I'm def looking to get in now, I have the buying power. I'm happy you were able to roll for a gain. I'm pretty bitter and rarely accept a loss, I keep rolling until I'm right.. is it the best strategy? Probably not? Will I stop doing that? Also, probably not.

Great explanation on beyond burger stock, but I can't support a beef replace. I need me some real beef 🐄. Lol I'll stick with the other stock you have spoke about.

Honestly, I still don't understand options lol. Great video though! Love Beyond Meat!

Can you create a video about how to buy Option Spreads on Fidelity

Sup Benny - can a covered call that is in the money get exercised before the expiration date. For instance, I wrote a CC for FB at $295 to expiring this Friday. If the stock is over $295 before the end of the week can my shares get called away ? Thanks meng

@Think Money So the Fidelity doesn't have an option similar to Robinhood where we can buy Covered call back and sell Covered call at a later date and collect money rather than buying the covered call back and selling again later?

Great video Benny!!! I struggle with selecting the right strike price. How do you feel about doing 1 month out options contracts vs weekly?

I was watching your other video and I am confused how I can make sure I am not borrwing money if I open a margin account.

What does fidelity require for stock options ?

Great explanation and very detailed. Thanks.

Hi Benny. Thanks for making this video! I'm new to covered calls and I have a question. What platform do you use to research call prices and decide if it's worth rolling? I find that checking call prices takes me a very long time. There's also a risk that you won't be able to sell your new call, correct? I put one in a couple days ago and it sat for 5-6 hours before finally going through. Thanks again.

Thank you for the tutorial. It helped. I just wish Fidelity had that 'Roll" option to select like other platforms.

Haha cant believe you almost sold at a lower than cost basis price! My NIO put for $60 got assigned to me. So on Tuesday Im gonna do a call at $61 Strike price!

You’re talking French to me man. Lol glad that BYND play worked out though. That Taco Bell news was 📈📈🔥🔥

Thank you for this! I couldn’t find a good video on this.

Hey Benny, great video reflecting on your option trading experience with Beyond Meat!!! Man I don't know if I have the guts to stomach those big declines with option trading hahaha 😛

Good vid, Lea ring more from you every day

How’d you like that product? Sounds like you tried it?

Very good video. I am in a situation. I have a cash covered call $TSLA strike price at $700. Contract expires tomorrow. Any recommendation?

Hey quick question, are you able to deduct taxes on the loss you had? Is it a wash sale?

nice recovery from that small mess up ha. That new covered call will likely be much further in the green on tuesday because of the decay over the 3 day weekend.

Just dont cover Tesla calls, you wouldnt be able to sleep at night... . Good video! subscribing to get some 2021 tips. !

Solid video! New subbie! Hopefully by documenting my own Investing journey channel, I can help others like you are helping me! Gonna go watch some of your other videos! - Mommy_Trader

I have a question: I am working on a video where I review thumbnails. Are you ok if some of your thumbnails are reviewed on my channel?

Hey, I’m just curious, how did you get so many subscribers in a month?

Fidelity has a "roll" button which of course it better than buying to close and then selling to open, since you might end up with a closed position and unfilled on the new position, but it's rather opaque in terms of setting a limit price. You can't just look at the .50-.55 bid/ask of the desired new sell to open and set a limit on that, executing the whole thing if the limit price is met. Instead, there's this bizarre "net credit" thing that represents the difference between the ask price of your first leg (I don't understand what the bid/ask of the first leg even represents BTW) and the bid price of the new contract you're considering. Can anyone explain WTF I'm looking at and how to adjust the net credit number so that the limit price for the new contract falls on the desired value of the new contract's bid/ask spread?

Good luck friend you are very good...👍👍😊🙏👉🔔👌💝💙💛😍👌👌👌😋❤️🌲❄️❤️

Like you

this video is misleading because he bought back the call at $140 @$4.45 not $144 @$6. At least that's what the video shows.

How to close covered call on fidelity

Couldn't you sell covered calls buy buying a call that gives you control of 100 shares? That's another way to grow your account too

You lost me at the market is real and not hypothetical.

Why do I axe these questions? Dude it’s ask not axe. You not African American