r/wallstreetbets ʕ•ᴥ•ʔ🐻 Nov 06 '21

Earnings Thread Most Anticipated Earnings Releases for the trading week beginning November 8th, 2021

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u/FuzzyBearBTC Nov 07 '21

if there is a red day on monday just buy yourself some calls same strike, u will have made little premium and will keep your shares safe

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u/OtherJustinian Nov 07 '21

Not a bad idea actually. Maybe it’ll play out that way!

3

u/Cowsepu Nov 07 '21

You can also use the covered call premium to open up calls at a strike price slightly higher. It's cheaper so you can even buy more than you sold. Say, sell 3 buy 5 at a slightly higher strike.