Thread: Side Hustle
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Old 01-03-2021 | 08:50 AM
  #595  
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Originally Posted by LandGreen2
I’ve owned SPY in the 401 for a few years and it has been good! After listening to Tastytrade seminars it seems like I’m leaving money on the table by not doing a covered call on long positions I own.

so if I did a cc on SPY, at 30 delta; 45 dte? If it gets excercised fine then seek the put at 30 delta too? Rinse repeat?? What do you guys think? Maybe just leave it alone and don’t screw withit!! Lol!

That is called the wheel strategy. You tube it and you can learn all you need to know.
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