{ "media_type": "text", "post_content": "Im pretty sure I can pay for my $9k financed car fully from a ~$5.3k (200 shares) position in PLTR from selling calls.\n\nYou think I could keep this going for the full 5 year loan term or will a drop in volatility doom me? \n\nDoes anyone else here do this sort of thing? Funding a specific expense with a specific recurring trade?", "post_id": "6009ab453b64d20020c96d71", "reply_count": 10, "vote_count": 3, "bowl_id": "5acc42208c6b52001375e11e", "bowl_name": "Option Traders & Investing" }

Im pretty sure I can pay for my $9k financed car fully from a ~$5.3k (200 shares) position in PLTR from selling calls. You think I could keep this going for the full 5 year loan term or will a drop in volatility doom me? Does anyone else here do this sort of thing? Funding a specific expense with a specific recurring trade?

likefunny
Posting as :
works at
You are currently posting as works at

Or you could buy 2 25c LEAPs for $2.6k, sells calls against that, and then use that extra $3k as payment on your car.

like

Correct.

Whoa, I also own exactly 200 shares of PLTR and am also selling calls.

like

R u forgetting that if the stock price is above your call strike price at expiration then your shares will be taken away or u have to close your position at a loss.

Just give me your shares bro

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