MTCH Covered Call

How I Managed a Covered Call on Match Group (MTCH) in My IRA

Hey traders,

I wanted to share a real-life trade I executed today—because managing trades is just as important as picking them.

I bought Match Group around $37, and since it’s been down, I’ve been selling covered calls to generate income. Last week, I sold the 36 strike call for 50 cents. Today, I rolled it by buying it back for pennies and selling another 36 strike call for 52 cents.

Why? Earnings just passed, and I wanted to grab that juicy time premium. From here:

• If the stock drops, I hold.

• If it stays flat, I keep collecting premium, effectively lowering my cost basis.

• If it rises above 36, I sell—without really taking a loss.

And I can always turn around and sell puts to get back in. That’s the beauty of having a game plan.

Trade smart!
Dan Passarelli

#OptionsTrading #StockMarket #Investing #CoveredCalls