### Comment:
It will work, but the premium you get on a $4 stock will be less then a $30 stock. Just make sure there is decent option liquidity and a reasonably tight bid/ask spread so you can get out ok. Also personally I only do it on stocks I would be happy to own, so not GME for me lol

### REPLY:
I normally do this in ETFs like SPY or QQQ. Wouldn’t mind owning those bad boys.

### END.