05-27-2020, 09:41 AM
(05-03-2020, 05:13 PM)NilesMike Wrote: I am doing something similar. I got rid of my speculative account, long story, and am going to just grind out wheel trades on quality dividend payers. Sell puts until I get the stock, then covered calls until it's called away. Rinse and repeat. Right now I'm on a CC with T. Sold the October 32 strike. If it's called away, max profit is 11.9% for 168 days. If not called it's 8% return, with capital risk. Should be able to grind out 12-15% a year on these.
My DGI portfolio is down about 11% from ATH, livable.
Closed the T-CC trade for 5% in 3 weeks.
Will wait for a nice down day to reposition.
Down about 1-2% from ATH account balances at the moment.