Call me if you want to discuss this. (705–441–4566)
On December 6, as soon as the NYSE opened at 9:30 AM, we wrote covered calls on the SPY shares we have in three portfolios, expiry date at the end of the same day. The strike price was $US 607. That earned $US 127.00 for every hundred shares for SPY. We own enough shares of SPY to be able to live comfortably on that income.
Rosi and I do this every day, Monday through Friday, that is not a market holiday. In over 50 years of investing, I have found this to yield the best results.
The only way to do better is to do something illegal. Crime pays unless you get caught.
How risky is it?
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