Love covered calls and cash secured puts. I try to plan around avoiding earnings, look for high volatility for more premium (sometimes not worth it for so low), make sure I’m selling above my cost basis (if it’s dropped) and avoid ex-dividend dates, make sure if I’m a taxable account you understand the tax consequences of selling at the price you are setting yourself up to sell at.
Love covered calls and cash secured puts. I try to plan around avoiding earnings, look for high volatility for more premium (sometimes not worth it for so low), make sure I’m selling above my cost basis (if it’s dropped) and avoid ex-dividend dates, make sure if I’m a taxable account you understand the tax consequences of selling at the price you are setting yourself up to sell at.
ALL great points. Thanks for sharing!