Call me if you want to discuss this. (705–441–4566)
The market dropped on December 12. That means those who wrote covered calls on SPY (as we should be doing) will not be assigned.
The fact that the market dropped is irrelevant. We know it will recover and continue to rise for a while (but not forever).
Writing covered calls on SPY will earn investors about US$100 per contract in less than five minutes when the market opens at 9:30 a.m.
In over 50 years of investing, I have found that selling derivatives has been the best investment method.
