Covered calls are a great beginner options trading strategy. The combination of long stock plus the selling of an OTM call option for additional premium that increases the probability of success while reducing net cost basis is popular among traders. So, this week we'll dive into creating a covered call synthetic bot template in our live bot workshop.
This is an entry level or beginner template that helps you learn how bots work and how to use scanner and monitor automations while also introducing multiple trade types; stocks and options. We want you to learn how to automate your trading with confidence. What better way to do that then building bots together, step-by-step during this week's training session.