Re:TreeCard: The wooden debit card that plants trees
by xwdv on Sunday January 03, 2021 @07:38PM
(#25626748)
If you sell OTM covered calls of about 10 or 8 delta against the shares you own and keep rolling them after sufficient theta decay you can conservatively add 1% ROI each month on top of whatever appreciation your shares get. So yea you have a good chance of getting 10% ROI per year consistently this way unless S&P is down more than 2% for the year.
Unfortunately so many people use this strategy these days that the bids are lower than what they used to be though.
Unfortunately so many people use this strategy these days that the bids are lower than what they used to be though.