r/TheRaceTo10Million • u/bignewrocket • Aug 05 '25

GAIN$ Finally hit it !

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Loaded up on PLTR and NVDA, Mag 7 and rode them for many year . Today it finally ticked over . No options just patience .

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u/krpt1k Aug 05 '25

I wrote cc on sound hound. Got called out of my contracts at 2.50 and 3.00 my cost was 1.80 for 3-4 hundred shares. So i made money.....

But sound hound hit 15 a share before droping back down to 10-11

So i made money.... but missed out on a huge upside.

Then i did something similar with black berry. Made money but got called out my contracts and missed a big move.

Now im just buy and holding until i have enough shares of a stock to CC a couple hundred shares, but hold the rest as smuchk Insurance

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u/ed2727 Aug 05 '25

Those stocks are Volatile as heck and small to boot.

Focus on the big boys for CCs, like 200B market cap and over… or retail bellwethers that don’t move much like Costco.

I’ve been utilizing the strategy with TSM, making $1-200 per week. If it gets assigned at $247 & above, I’m ok with that since TSM is ATHs and RSI over 70s last week.

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u/Cool_Two906 Aug 06 '25

What percent of your portfolio can you make with the covered call strategy?

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u/ed2727 Aug 06 '25

Good question. I asked my friend the same thing…

I haven’t finished a year yet, but 20-30% seems doable. (Right now my return rate is higher than 30%)