@socalminh: Hey Enzo, to make you a millionaire using covered calls, there are only four steps we follow to find stocks that can generate the option premiums we’re targeting. First, remember what a covered call is. It’s a contract where someone pays us for the right to buy the stock we already own at a specific price before the contract expires. Think of it like betting. We’re the casino, and the buyer is the player. The better chance we give them of hitting our strike price, the more premium they’re willing to pay us. Step one: pick the right stock. We like mid-cap stocks because they tend to move more than mega-cap stocks without being as risky as small-cap stocks. Step two: check the implied volatility ranking. We look for an IV Rank between 40 and 80 because higher-than-normal volatility usually means higher option premiums. Step three: choose a strike price about 1% above the current stock price. That keeps it close enough for the buyer to realistically reach it, which increases the premium. Step four: choose an expiration date 21 to 30 days away. That gives the buyer enough time to hit the strike price while allowing us to collect the premium we’re targeting. So every covered call we sell follows the same checklist: mid-cap stock, IV Rank between 40 and 80, a strike price about 1% above the current price, and an expiration 21 to 30 days out. This is the strategy we use as we aim for around 10% a month in premium income while building toward long-term wealth. This content is for educational purposes only and is not financial advice. I will never reach out to you privately asking you to pitch an idea, join a club, or move the conversation to Telegram, WhatsApp, or any other platform—stay safe and always do your own research. #CoveredCalls #OptionsTrading #FinancialEducation

socalminh

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Thursday 25 June 2026 14:29:20 GMT