There’s only so much you can learn from YouTube videos. At some point you have to jump in the water and learn with your own assets. I have started a pmcc on Google. This is definitely a big trade for my account size, but it’s a stock I feel can be a “safe” pmcc stock to learn on. Some people say to run a 50 delta difference, some say 40, some say 60. Some people say sell your calls 1 week from expiration, some say 1 month. I’m excited to see where this trade goes, and to find my own little slice in the options strategy world. You have to try everything once to truly know what you are comfortable with.

I will keep you all updated on this in my weekly posts, but here are the starting numbers. I bought a 105 call expiring December 15th. This has a delta of .88 and was purchased for $2755. My first sold call was a 134 strike for $124 expiring 9/8. This has a delta of .27. I’m gonna start safe and go more risky as time moves into my long option. I will update you next week on this and the rest of my trades