RE:RE:RE:RE:RE:RE:short squueze in full effectYes covered calls give you an hedge as you're making a profit from the premiums on the calls you sell but be careful not to get exercised at your strike if the underlying (stock) goes up. You may want to keep an eye on that.
wordless wrote: You can't hedge a long position buy buying just calls. Puts hedge a long position.
I have been selling coverred calls and have made some money off of that as th stock price has gone nowhere but down! I guess that's a bit of a hedge?
Thanks for the comment CNInvesting. I'm considering it. Will wait until next week to see the trading first few days of the week as I feel it will trend up and I could get some puts cheaper should I choose to hedge the long position.
MirrorWorldMan wrote: Puts are bad news. Buy calls