11-05-2021, 02:54 AM
What happened to you with those two stocks is the reason why I do not sell calls on the div growth part of my portfolio. I got those shares as a long-term investment and obviously the plan is to collect dividends from them for the next several decades, I'm not going to risk getting them called away. No way.
I keep my positions separate. A different account definitely helps, especially if taxes are an issue. I still often trade in the same stock since I tend to have a much better feel of the price movements. So for example if I want to trade company X and I already own 150 shares, then I'll either start with selling puts or I'll just buy another 100 shares and sell a single call. Whatever happens, those original 150 shares will stay in my portfolio.
I keep my positions separate. A different account definitely helps, especially if taxes are an issue. I still often trade in the same stock since I tend to have a much better feel of the price movements. So for example if I want to trade company X and I already own 150 shares, then I'll either start with selling puts or I'll just buy another 100 shares and sell a single call. Whatever happens, those original 150 shares will stay in my portfolio.