Using Covered Calls As Insurance

Update on DJT: Bought 300 shares at 29.90 Sold 3 May 14 $32 covered calls (+$1.27) which expired. Because DJT got hammered the contracts expired. I kept the shares and the cash. Today, after DJT exploded up 20% in a week, I sold 3 contracts May 30 $30 for $1.12. If DJT keeps...See more