Covered Calls -Tesla Pays Me 4% a month in income - RESULTS

I'm giving you an update on a Tesla trade we did about a month ago. And, as I predicted and I talked to you about how I make 4% a month, that's what we target anyway, doesn't always work out. But in this particular situation, a stock called Tesla, you might have heard of it?! It's working, it worked out great. Tune-in to see the results!
#coveredcall #coveredcalls #stockmarket #makemoney #investing #tesla #passiveincome ____________________________________________________________________

I made my 2%(to 4%) a week using my covered call system for Options Trading and generating Cash Flow on a consistent regular basis.
💰 Join my my eco-system and learn my step-by-step system: https://www.cashflowmachine.io/proof 💰

🔔 Subscribe to this channel for free stock and option trading tips: https://www.youtube.com/@coveredcalls

My Cash Flow Machine Strategy Trading eBook
📕 Get a copy of my eBook "The Regular Paycheck Strategy - How to Use Wall StreetsSecrets to Capture Low-Risk Regular Income from Your Investments " https://www.cashflowmachine.io/regularpaychecks 📕

My Books on trading that changed my life and can do the same for you:
👉Mark Yegge - Amazon https://www.amazon.com/s?k=Mark+Yegge&i=stripbooks-intl-ship&crid=1C8UZCPPAI8V&sprefix=mark+yegge%2Cstripbooks-intl-ship%2C76&ref=nb_sb_noss Other videos you'll like: 📺

Other videos you'll like:

New to Options trading
Start Here: https://youtu.be/PVJl-F6m5AI
📺 Covered Call Option Trading playlist: https://www.youtube.com/playlist?list=PLvAHlBqM6XgkWKRzyyoWQGBjMAHx4Bccs
📺 My Wealth Architect Podcast Playlist: https://www.youtube.com/playlist?list=PLvAHlBqM6XgnCu_U7MuaNp0nJr-H-ipn0

✅ Find me on social media✅

✅Website: Cash Flow Machine
✅Instagram: https://www.instagram.com/markyegge
✅Facebook: https://www.facebook.com/wealtharchitectpodcast

Transcript: And we bought this Tesla, if you go to this video right here, you're gonna see that there is a thumbnail that says how I make 4% a month and Tesla. And we basically buy the stock we do covered call. So we bought the stock at 190. Now, you know what anybody can teach you how to do cover calls, there's a zillion videos out there on YouTube for free, that you can go and learn how to do covered calls. But if you want to learn something, right, you've got to learn all of the aspects, you have to have a system for it. And we have a system. And part of our system is protection in a down market. And I don't know when you're watching this, but I can tell you right now, we're in a bloody red market where the market is just getting hammered. Because of what the Fed is doing doesn't really matter why. But if you're not playing any defense, you're getting hammered, too. And so we bought the stock at 190 when Tesla was at 190. And it went up and it went down and it went all around, right. And as long as the stock stayed above 165, because we sold the 165 strike price calls that expired a month from them. Here's a screenshot of when we did that tray. So we bought the stock for 190. We sold the Tesla March 10 calls, which is today 33 days out for 165 We got 3175 for that. Now a bunch of that was what they call in the money amount. And a bunch of it was what we call juice, like about $6.75, something like that 634 On the screen, you know, whatever I remember, like 634. But it actually the math works out that we got a little bit more when we saw the call. The bottom line is our basis on this was 158 25. And so the ROI is 4% on that when you do 634 divided by 158 25, you get about 4% If you annualize it at 190, or anything above 165, you know, that's 12 times you get in in a year. And so that's a 48% return in a year. I'm not saying that we're going to get 48% return, I'm not gonna say we're gonna do the same trade every month. In fact, we just let the trade expire, because we're in a red market. And that's part of our system. You know, when the market goes red, we don't need to be out there buying stuff we don't need to be we can wait until it bases and starts to go back up. And we feel the momentum going the other way. Part of our system is to get the probabilities on our side. There's no reason to always be trying to buy stuff. If the markets against you. It's like we want the tail winds behind us. Anyway, so we bought the stock for 190. We sold the Tesla March 10 calls for what the 165 strike for 3175. That was a 33 day trade. And we were in it for 158 25. Let me show you this little graph here. This little graph shows where the stock just closed. It just closed at 173 60 on Friday afternoon, march 10. Okay, so we're here we are March 10, the stock is 173 60. So tomorrow morning, when the brokerage firm does their business, we're in the money by about $8.60 We're gonna get exercise out of our trade. Now we could have rolled our calls the next week, or next month, which is normally what we do. But on this particular trade, the market turned red right here this week. #tesla #options #coveredcall #coveredcalls