I couldn’t wait for the market to open today. The new administration’s tariff fiasco is roiling markets and it has allowed me to take 80% on some of my original calls and I had already banked 60% profit on some of the others. My new calls are up over 50% in profit already.
I sold the Feb 21 calls and banked over 80% profit but will let the others ride out.
Ironically, if the tariffs remain, then the stocks most likely to benefit are small caps (IWM) because they have minimal exposure to international revenue so I plan on holding IWM for the long haul until I reach my profit goals. I will keep selling calls when it rallies and buy them back when it drops.
My goal in selling calls was to earn $2000 in 30 days and I’m half way there. Just need another rally and I should be done.
Share The Wealth
Are you risk mitigating your portfolio with the new administration paradigm? Let me know in the comments below.