NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
Wrote a bunch of out-of-the-money covered call options yesterday.
Last year, I made an extra 1% return doing that, and only on a few selected stocks+ETFs. So far this year, I have made 0.5%. It was more than enough to pay for my travel.
I am looking to do more call writing, now that the market appears to top out. Yes, I am a market timer, a chicken one though because an audacious timer would sell stocks and not do the chicken-feed covered call writing.
Last year, I made an extra 1% return doing that, and only on a few selected stocks+ETFs. So far this year, I have made 0.5%. It was more than enough to pay for my travel.
I am looking to do more call writing, now that the market appears to top out. Yes, I am a market timer, a chicken one though because an audacious timer would sell stocks and not do the chicken-feed covered call writing.
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