You know what I love about assignments?
They’re not losses. They’re not failures. They’re just the next step in the wheel — and if you’ve set up the trade right, you’re already planning your next move before the shares even hit your account.
That’s the game I’m playing right now, and I want to walk you through what’s been landing in my portfolio lately — because there are more opportunities I’m seeing right now than maybe ever before, and I’ve never seen premiums this high.
What Got Put to Me — And What I’m Doing About It
Let’s start with Broadcom (AVGO) — I got assigned at $345. I turned around and sold the $360 strike call for this Friday for $248. That premium was fat, the strike gives me upside, and if I get called away, I pocket the difference plus that call premium.
Then there’s Vertiv (VRT) — I got assigned at $170. Same drill. I own it now, so I immediately started looking at covered calls to generate income while I hold the shares. I sold the $180 calls, giving myself room to run and getting paid while I wait.
On the flip side, I got called out of Fly Leasing (FLY) at $28, and 500 shares of ExxonMobil (XOM) at $123. That’s fine — assignments work both ways.
When shares get called away, I either look to re-enter with a cash-secured put or I move on to the next setup.
I haven’t been able to buy XOM back yet, so I put out a cash-secured put to try to get in at a price I like.
The Trades I’m Pressing Right Now
Here’s where it gets fun. I sold a bunch of Direxion Daily TSLA Bull 1.5X Shares (TSLL) $18.50 puts Friday after the show, and I didn’t get the stock.
I was hoping to get assigned so I could start running covered calls. But I kept the premium, so I’ll reset and look for the next entry.
I sold more Nvidia (NVDA) $190 calls — that ticker keeps delivering. And I sold a bunch of TSLL $19.50 calls after the recent run.
The premiums on these names are absolutely ridiculous right now, and I’m taking full advantage.
Last week was great, and Monday was another really good day to get off some great calls — the VRT $180s, the AVGO $360s, more NVDA $190s and those TSLL $19.50 calls.
It’s been a blast, and I’m helping people do the same thing live on the show.
Look, I’ve been doing this since the ’80s, and we’ve been killing it here on the show — be sure to tune into Market Masters at 11:30 a.m. ET weekdays! — doing it live and helping people do it too.
The key is knowing your strikes, managing your assignments and staying disciplined when premiums are pumped.
This is the environment we’ve been waiting for.
Don’t let it pass you by.
Jack Carter
Jack Carter Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
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