My Easy $1,900 TQQQ Trade: A Covered Call Win in Just 6 Days

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In a world where market volatility seems to be the norm, income-focused investors are finding new ways to generate reliable cash flow without relying on unpredictable price movements. This week, Mark Yegge demonstrated just how powerful the covered call strategy can be with a well-timed trade on TQQQ — delivering $1,912 in profit in just 6 trading days.

Let’s break down how this trade worked, why it succeeded, and what lessons you can apply to your own investing strategy.

What Is TQQQ?

TQQQ is the ProShares UltraPro QQQ ETF, which aims to deliver 3x the daily performance of the Nasdaq-100 Index. That makes it highly volatile — a double-edged sword. It’s not something Mark typically trades, but when one of his mastermind members flagged an opportunity with high premium income, he took a closer look.

The Trade Setup: Deep In-the-Money Covered Calls

Mark executed a classic deep in-the-money covered call, with the following setup:

Date Opened: April 21
Base Position: Bought 10 contracts (1,000 shares exposure) of May 2nd $31 strike calls at $10.87
Short Call Sold: Sold covered calls with a $45 strike, receiving $5.88 per contract in premium (a total of $5,883)

“We're in this for the juice, not just speculation,” Mark says — referring to the extrinsic value (or time premium) he collects from selling calls.

Why the Trade Worked

Within six days, the base position shot up in value:

The calls purchased at $10.87 rose to $24.02
That’s a 120% increase in the base position
The short calls (sold at $5.88) increased to $10.20 (which he bought back)
Net loss on short call leg: -$4,000
Net profit after all adjustments: $1,912.32

This may seem counterintuitive — you lost money on the short call leg but still came out ahead?

Yes, because the gain in the base position more than offset the loss in the short calls. That’s how covered calls work. When the stock moves up, your short calls lose value (since you have to buy them back higher), but your base position gains.

The Math Breakdown

Action	Result
Bought 10 contracts at $10.87	Cost = $10,870
Sold $45 strike calls at $5.88	Collected = $5,883
Bought back short calls at $10.20	Cost = $10,200
Final value of base position	$24,020
Total Net Profit	$1,912.32

Key Lessons from the Trade

You Don't Lose Money When the Stock Goes Above the Strike Price
The myth that you're "leaving money on the table" is just that—a myth. If your base gains outpace your short call loss, you're still ahead.
Covered Calls Are About Income, Not Guesswork
Mark isn’t trying to predict where TQQQ will go. He’s using systematic income generation—collecting premium regardless of direction.
Roll and Adjust
When the stock moved, he rolled the covered calls to higher strikes. This flexibility is crucial in managing your trades.
Understand the Juice
The extrinsic value (or “juice”) is where your profit lives. Learn to analyze and maximize this through strike selection and timing.

FAQs

Q: What happens if the stock goes way above my strike price?
A: That’s okay. You’ll still collect the max profit designed in your trade. Don’t let “fear of missing out” ruin a well-structured income strategy.

Q: Isn’t TQQQ too risky?
A: It can be, which is why Mark doesn’t usually trade it. But if you manage risk with in-the-money calls and calculated exits, even volatile assets can be profitable.

Q: Why not just buy the stock and let it run?
A: Because the goal isn’t price speculation — it’s consistent weekly income.

Mark’s Words of Wisdom

“Even ChatGPT thinks you're losing money when the stock goes over the strike price. But once you understand you're in it for the juice — not the upside chase — it all makes sense.”

Call to Action

Ready to turn your portfolio into a cash-generating machine?

Join the Cash Flow Machine Elite Course – real-world training to help you generate 2–4% income every month from the stock market
Subscribe to Mark’s YouTube Channel for weekly income trade ideas
Learn more at cashflowmachine.io

Get started today

Conclusion

Mark’s TQQQ covered call trade showcases how smart investors play both sides — making money from the base position and the options premium. With discipline, strategy, and a clear focus on income, you too can use covered calls to build real wealth.

You don’t have to be a trader. You just have to be consistent.

My Easy $1,900 TQQQ Trade: A Covered Call Win in Just 6 Days

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