ipo stock and selling covered call and flipping rule (opens in new tab)
various Brokerage have flipping rules like 15/30 days for IPO stocks. I see recently issued IPO have options being traded withing a 3-4 days. So suppose one ( I do not have any , just learning and surveying the playing field) have been assigned 100 shares of QNT or SPCX ( recent issued IPO) can the person safely sell covered call for July 17, 2026, more than 30 days later date from today and be not counted against the investor by brokerage so the investor can take part in upcoming IPOs and no...
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