On October 13, as soon as the market opened at 9:30 AM, I wrote covered calls on the SPY shares I have in three portfolios, expiry date the end of the same day. The strike price was $US 597. That earned $US 93.61 for every hundred shares for SPY.
Rosi and I do this every day, Monday through Friday and we live on that income. In over 50 years of investing, I have found this to yield the best results.
How risky is it?
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