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No. of Recommendations: 3
Rather than just selling out after the post earnings drop I have been selling covered calls on half of my position every week.

That is a good move to protect a high conviction position as long as you don't get called below your net cost basis.

In any case, trades have to fit the portfolio strategy which is why different trades make sense for different investors. I no longer sell calls on positions I want to hold long term because I was having too much opportunity loss. I split my port into long term hold -- no calls, and income where I sell covered calls on stocks that are either flat lining or going up.

Denny Schlesinger

PS: I sold UPST at $324 on November 4. Now $179.60. I don't think I could have made up the difference, $144.40, in five weeks with covered calls.
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