Apr 7 2023, 03:46 PM
QUOTE(premier239 @ Apr 7 2023, 03:40 PM)
no, i mean start selling covered calls when it hit 100 shares
fractional shares mentioned here meant as better dca frequency only
need a excel to work on the math to see how much from covered call premiums is needed to cover the 15% loss on withholding tax dividend over lets say 5yrs to 10yrs
i would argue that unless black swam event happen, selling low expiry dates covered calls has very low risk of it being called, because s&p 500 volatility is not that high on short expiry dates
If worries about WHT better to accumulate those CSPX and only start major purchase of SPY once you are close 90% when you start doing covered callsfractional shares mentioned here meant as better dca frequency only
need a excel to work on the math to see how much from covered call premiums is needed to cover the 15% loss on withholding tax dividend over lets say 5yrs to 10yrs
i would argue that unless black swam event happen, selling low expiry dates covered calls has very low risk of it being called, because s&p 500 volatility is not that high on short expiry dates
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