“Covered Calls Cost Me $200,000 (Here's What I Do Now)”
AAOI is expected to rise significantly (target ~$150); strategy prioritizes capital appreciation over premium income.
I have placed three contracts on AAOI, i.e. Applied Optoelectronics. What I did was , I thought the stock was going to go up a lot , so I bought a $90 call option that expires on June 17, 2027.
You can see how I made this trade on September 30th. And now, as I'm making this video , check out my Robinhood account in just a few days. I have already made a profit of $1,535.