Yesterday, I published a post titled “What to do in a declining market.” Selling covered calls on SPY, an exchange-traded fund tracking the S&P 500, which represents the American economy, earns significant premium income.
The closer the expiration date is to the time of writing covered calls, the greater the percentage premium income.
With SPY, it has been possible, for quite a while, to sell covered calls first thing in the morning with the expiration date at the end of the same day.
Last Monday’s Wall Street Journal had an article describing many individual securities and exchange-traded funds, which now make it possible to do that as well. That is new.
To read the article, click on the following link.
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