Good evening, I hope everyone is doing well during these markets. I am currently on my cash account valued at around 6,000$. I am eager to profit from these meme stocks' volatility and spikes. I want to catch the wave down by selling calls however I obviously wouldn't have the money to be able to purchase 100 shares to sell covered calls. I know PMCC exists but that requires leverage and that is not allowed on a cash account. Are there any strategies you guys could enlighten me with? I do not want to buy puts since the IV would heavily affect it as well as theta.

    Collecting premium on cash account.
    byu/VildNinja1 inoptions



    Posted by VildNinja1

    Leave A Reply
    Share via