I have always wanted to try and learn options ,been reading about them and was willing to try ,Finally i bought 100 shares of SPCE on Feb 20th for 38.05/share. On the same day i sold an covered call for $3.4/contract to sell 100 shares at $58 with an expiration date of 2/28.
Initially i wanted to try with discover shares in my IRA account in TD ameritrade but was denied .
Now this a speculative buy ,that i have been doing since last month ,I bought and sold TSLA,SHOP etc.
Now since the Market has tanked since i wrote the call i Kept the money $340 as the trading price didn’t even cross $40 ,but my investment is in loss since then.Yes I recovered little bit by writing the call.
I have been trying to see if i could do T or Another SPCE call in future.