[The Option Specialist](
03/08/2021 Â Â | Â Â [View in browser](
--------------------------------------------------------------- [Establishing Our Cost-Basis for Long-Term Holdings]( When we initiate a covered call trade by first buying a stock and then selling a call option, our cost-basis, in the BCI methodology, is the lower of the stock price or strike price. If we sell an in-the-money (ITM) strike, we deduct the intrinsic-value component of the option premium from the share price bringing our cost-basis down to the ITM strike price. When we sell at-the-money (ATM) and out-of-the-money (OTM) strikes, the cost-basis is the stock price. This is all pretty straightforward but what if we have previously executed covered call trades with this stock and retained it in our portfolio? What if we decide to write calls on stocks we've held for long periods of time and are now at a much lower cost-basis than current market value? [More...]( SPONSORED CONTENT
[Can Your Nest Egg Survive A 89% Market Crash?]( The stock market crashed 89% back in 1929... and it can happen again. But options give you the potential to go after profit even when the market crashes. Getting started is simple. [Click here get your absolutely FREE options trading guide for more details.]( [2 Casino Stocks it's Time to Roll the Dice On]( Can you think of an industry that was hit harder during the onset of the pandemic more than resorts & casinos? Casino stocks were pummeled throughout 2020 as they reported sharp declines in revenue and earnings while people were stuck at home and practicing social distancing. It was hard for these stocks to catch a bid since there was so much uncertainty surrounding just how long it would take to stop the spread of the virus and return to a sense of normalcy. While casinos still face various challenges, the narrative might be changing quickly as more and more people get vaccinated and COVID-19 cases continue to sharply decline. [Read more...]( [Warren Buffett Says This Is How You Stay Financially Healthy In The Pandemic]( Warren Buffett isn't letting the pandemic get in his way. The 90-year-old investing legend has gotten both his COVID shots, and so has his longtime business partner, Charlie Munger, according to a report by Bloomberg. Though Buffett wasn't able to immunize his company from the coronavirus economy, Berkshire Hathaway Inc. has been making a strong recovery. Profits were down 48% last year at the massive conglomerate, but earnings during the final quarter of 2020 jumped 23% from a year earlier. So, all in all, the billionaire businessman would seem to be weathering the crisis just fine. You can, too - if you follow his lead. Here are six lessons from Buffett on how to protect your moneas the pandemic hangs on. [Article continues...]( [Best Credit Cards for Investing Rewards: Turn Spending Into Savings]( Did you know that you could boost your investment or savings account while making everyday purchases with your credit card? There are credit cards on the market that will reward as much as 2% on every purchase that you make and then automatically deposit those cash back earnings into the account of your choice. So while you're spending, you also could be earning for your future. [Click to continue reading this article...]( [The First Thing You Should Do With Your Social Security Check]( Whether you're 20 years old or 10 years away from retirement, it's important to plan how you're going to supplement your income and spend your money during your golden years. For many soon-to-be retirees, this means making a plan for their Social Security checks. Americans 65 and older spend an average of about $50,000 a year on essentials such as food, housing, transportation and healthcare, according to the Bureau of Labor Statistic's 2019 Consumer Expenditure Survey. But the average monthly Social Security benefit for retired workers is $1,521.59 - which comes out to only $18,259.08 annually. If you plan to rely on Social Security alone, you'll quickly realize that this amount probably isn't enough to fully fund your retirement lifestyle. Still, you don't want to blow through your Social Security check. That's why it's important to carefully budget and spend your benefits wisely. Keep reading to learn more about what you should do with your Social Security check. [More here...]( SPONSORED CONTENT
[You Could Make $300 to $1100 Per Contract With This Simple Trade]( Imagine getting really good at mastering just ONE simple trade. A trade that appears like clockwork between 9:30-10:45am on most trading days. This free step-by-step guide, by options expert, Dave Acquino, shows you how to spot and take these trades so you can walk away with daily profits! [CLICK HERE for instant access.]( --------------------------------------------------------------- [The Option Specialist](
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