Fender's final approach to retirement.

[NilesMike]

(01-04-2022, 09:08 AM)fenders53 Wrote:

(01-03-2022, 11:03 PM)NilesMike Wrote: 100% agree regarding Vanguard. They are so old and stodgy it's brutal to do much more than buy and hold or covered calls with them.

I tried with them but got totally frustrated.

I have 1000 option trades with Vanguard but they are simple.  I will mostly keep them simple but it's ridiculous I can't do a spread.

Move some money over to TD to use TOS and trade more spreads. SPX spread, for your final retirement approach, 31DTE 4900/4910 call spread pays 2.80, 7.25 risk.

Way better return than doing covered calls on the ETF.
Good luck either way