OptAura logoOptAura
All lessonsLesson 15 · Step 1/5

Strategy: Covered Calls

How it works

Own 100 shares of SPY or QQQ, then sell one OTM call against them.

You collect premium immediately. If the stock stays below the strike, the call expires and you keep the cash.

If the stock rises above the strike, your shares get called away at the strike — you cap your upside.

No progress saved yet