system
A chat on subreddit /r/wallstreetbets
human
Options noob here, but I'm looking into getting into selling covered calls rather than buying calls and losing my ass. One of my hesitations is that when you sell a call, robinhood says that you have the option to lose infinite amounts of money. My understanding of how covered calls work is that you sell them and basically dictate your gains while mitigating risk. The flip side is that you have the potential to miss out on a lot of opportunity. Am I thinking of this correctly?

gpt
pretty much 
  
 your max loss = having to sell 100 shares of the stock @ strike price 
  
 your max gain = the premium you sold 
  
 its that simple 
  
 your true risk is dictated by whether or not your stock dies like everything is doing today