How to Buy Back A Covered Call for Beginners

Previous $800 AMZN covered call video: https://youtu.be/RDpbtlSUl3s In this video, I teach about IV crush and how to buy back a covered call after earnings to lock in profits. Do you have to buy back your covered call? No. You can actually let your contract expire by the expiration date. However, some people like to buy back option contracts to reduce their risk of selling their shares. People usually do this when they're able to buy back the contract for a LOWER price than they initially sold it for. Let me know if you have questions on this and feel free to give me recommendations on what videos to make next. I hope you learned something from this video! :) -Steve 🙋🏻‍♂️🙋🏻‍♀️ Join my FREE Beginner's Investing Master Class and ask me questions: https://bit.ly/3zUS9hI 📖 FREE "Financial Freedom Faster" eBook & Money Cheat Sheet: https://bit.ly/3W1ecec 💰 See my FAVORITE high-yield checking accounts and get potential sign up bonuses with my link: https://bit.ly/4eui2Vu 🏦 See my FAVORITE high-yield savings accounts and get potential sign up bonuses with my link: https://bit.ly/4eui2Vu 💳 Get my FAVORITE credit cards and get potential sign up bonuses with my link: https://bit.ly/3U5kM2b Follow me on Instagram📱 https://www.instagram.com/calltoleap/​​ Follow me on TikTok 📱 https://www.tiktok.com/@calltoleap​​ Follow me on Facebook 📱 https://www.facebook.com/calltoleap Follow me on X (Twitter) 📱 https://twitter.com/calltoleap Follow me on Threads 📱 https://www.threads.net/@calltoleap 💸 My mission is to help you be a master of your own money #financialfreedom​​ #finance​​ #trading​​ #millionairemindset​​ #millionaire​​ #wealth​​ #coveredcalls​​ #optionstrading​​ #investing​​ #stockmarket​​ #stocks​​ #beginner​​ #leaps​​ #finances​​ #home​​​​ #makemoney​​ #retire​​ #entrepreneur​​ #selfmade​​ #financialliteracy​​ #daytrade​​ #motivation​​ #financialeducation​​ #money #stevechen #calltoleap #fire #financialindependence Disclaimer: Call to Leap may earn affiliate commissions from the links mentioned. Call to Leap is part of an affiliate network and receives compensation for sending traffic to partner sites such as ImpactRadius, CardRatings, MyBankTracker, and more. Call to Leap is not a registered investment, legal, or tax advisor or a broker/dealer. All investment and financial opinions expressed by Call to Leap are from personal research and experience of the company of the site and are intended as informational and entertainment purposes. Please conduct your own research before trading and investing.