Fast Money Blog- 12/11/2020

This week two major IPOs started trading publicly: DoorDash Inc. (DASH) and Airbnb Inc. (ABNB). As a result many institutions took profits in Microsoft Corporation (MSFT), Apple Inc. (AAPL) and Home Depot, Inc. (HD) shares in order to buy shares of these new offerings.

Just a reminder that in the Wealthy Investor program we never purchase shares in IPOs because they lack revenue history.

Now is a great time to sell January 2021 out of the money covered calls on your favorite trading stocks. In December selling 30 day out of the money covered calls is an excellent way to capture large premiums at the end of the year.

When you follow Wealthy Investor discipline there are always covered call premiums that will produce guaranteed income.

Stay patient, stay safe.

Tyrone Jackson

The Wealthy Investor