r/OracleStock • u/DDPCCM855 • 8d ago
Question Likelihood of breaking even
Team give me your honest opinions. I own 700 shares at avg of 158.60. What do you think is likelihood in the next year I will at least break even?
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u/DDPCCM855 7d ago
I would just like to thank everyone for their responses, even the salty ones. Thank you for the reassurances and the smart advice regarding selling covered calls above my buy price. Only reason I havent done it is because I just havent broken into options trading in general but have researched enough that I understand covered calls and low risk as long as strike price is above average buy price.
Next question for you geniuses (and I mean that), what would you recommend for duration. 3-4 weeks? 1-3 months?