CoverIsBetter

10 Bullish Option Spread Strategies

Agree with naysayers here..
There is a reason these Bull Spreads are so cheap to get into, low chance these stocks move up that high that fast in the dog days of summer.
I have tried your strategy so many times only to see the stock trade sideways or down. As a matter of fact, I am holding your Bull Call Spread idea for USO from MAY 12 (seekingalpha.com/artic...)
and losing money on it.

Just saying.. this is a high risk strategy. My covered calls in WFC, BAC, and F are bringing me better sleep at night.

Options Trader: Friday Outlook

I applaud Phil for finding a stock so cheap with such a high out-of-the-money Call that it makes this trade (WM) work.
Awesome! I would love to be able to repeat this strategy, but many of my favorite cheap stocks have such a cheap near term Call price, the covered call trade is not worth it.
Guess you have to pay the fee to get more of this pin action?