I’m building a simple income-focused strategy around $FFord and $SANSantander. The plan: * Buy 100 shares of each * Sell covered calls to collect premium * Collect dividends while holding * If shares get called away, sell cash-secured puts to potentially buy them back * Repeat the process and compound the income * Use the premiums/dividends to help pay down my PLOC The goal isn’t to chase the highest possible premium. I want to own large, established companies that I’m comfortable holding long term while generating additional income from the wheel. My core portfolio stays focused on long-term growth, while F + SAN are my income/wheel positions. I’m new to both of these stocks and from some quick researching and understanding they are safer stocks that have a somewhat decide bull case for the future mixed with business strategy’s that have a competitive edge. Still thinking upon this and if my thoughts decide on it I should be making this happen next week at some time. If anyone has any good information on either of these companies or thoughts upon this strategy please lmk!
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3 Comments
Andy Passive Income@AndyPii · 9d
Wheel strategy is one of the most basic option strategy but it works. Keep focus on your goals. Don’t gambling. Prioritize accessible, highly volatile stocks to maximize premiums Save all trades in an excel spreadsheet and have fun.
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