Option Strategies For Beginners With Examples | Episode #19 | Covered Calls #5

Welcome to our [Option Strategies For Beginners With Examples | Episode #19 | Covered Calls #5] video episode of our [Option Strategies For Beginners With Examples] series of videos on option strategies for beginners. In this [Option Strategies For Beginners With Examples | Episode #19 | Covered Calls #5] video we will be sharing some enhancements that we have made to our Covered Calls Google Sheet. We have added a P&L column to give you a clear view of your current profit and loss for each position. We will be using some examples to demonstrate how this column can be used in your trading decisions.

We have also added a TakeProfitPrice column and a Profit column, which allows you to test out different take profit orders and see what your profit would be at a given price. This gives you the flexibility to analyze different scenarios and make informed decisions about whether to sell a covered call or take profit at a certain level.

But that's not all, we have also added conditional formatting to the P&L column, so you can easily see if your position is currently in profit or not. Green indicates a positive P&L, while red indicates a negative one. This feature will help you quickly assess your positions and make timely decisions.

One of the main reasons for these enhancements is to compare different strategies on the same position. For example, if you have a position in Enphase (ENPH) and want to compare selling a covered call versus setting a stop and take profit orders.

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CHAPTERS
00:00 - Introduction
00:52 - Covered Calls
05:05 - Options Playlist
05:58 - BeachBum Trading Sites
06:47 - Discord Invite

TRADING PLATFORMS
✅ Webull – Get FREE stocks with Webull https://bit.ly/3jKfvw5
✅ E*TRADE – Use our link and we both get rewarded! https://bit.ly/3zP6rvB
✅ Public Investing https://bit.ly/3M5eACK (Referral Code: MichaelSDeVries)

RELATED VIDEOS
Top Swing Trading Stocks to Watch | 12/16 – 12/20/24 | AMDY ENPH ULTY BDRY SARK SRTY AEHR & More https://youtube.com/live/tzCiN4WbCa4
Option Strategies For Beginners With Examples | Episode #17 | Covered Calls #4 https://youtu.be/LXQfA-4mbfU
How To Sell Covered Call Options in Webull https://youtu.be/2nJQPZPgr90
How To Sell Covered Call Options in E*TRADE https://youtu.be/8_tUGOYc35I
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#coveredcalls #coveredcall #optionsstrategies

REFERENCES
Weekly Trading Game Plan Notes for 12/16 – 12/20/24 - Part 2 https://docs.google.com/document/d/14Fie6eDZ1m2k1eF4r83457TMnP8zGxV3nonqrMZNXDM/edit?usp=sharing

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