Check out the latest developments in my Roth IRA at tastyworks. My strategy is simple: I’m holding shares of SPY and selling covered calls against it. My goal is to beat the market, collect premium to buy more shares, and never have my shares called away. If you’re curious, just after I recorded this video, the price of SPY did shoot up. So I rolled up and out to the 385 April 1 call. And now that 385 strike price is just about getting tested. So I may have to roll again on Monday. The market is crazy, as always.

▶️ Subscribe to my channel:

—
Try Personal Capital to track your expenses and net worth. We’ll both get $20 if you use my referral link:
—
Try out Rakuten using my referral link. If you join and spend $20, we’ll both get $20:
—
Get $5 when you make a purchase within 30 days of signing up for a Raise account. Use my referral link:

—
Square’s Cash App is awesome. Try Cash App using my referral link, and you’ll get $5 when you send $5!
—
I trade options at tastyworks and you can too! 🍒 Use my referral link: …(read more)

LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

Covered call options strategy is a popular investment strategy that involves selling call options on a stock that you already own. This strategy is often used by investors who own stocks with little upside potential in the near term and want to generate additional income from their investments.

In a covered call options strategy, you sell call options on a stock that you own. The call options give the buyer the right to buy the stock from you at a predetermined price (the strike price) within a specific time frame (the expiration date). In exchange for selling the call options, you receive a premium, which is the price the buyer pays for the options.

The strategy is called “covered” because you already own the underlying stock, so you are covered in case the buyer of the call options exercises his or her right to buy the stock from you. If the stock price remains below the strike price at expiration, the call options expire worthless and you get to keep the premium.

One of the key benefits of the covered call options strategy is that it allows investors to generate income from their stock holdings, even if the stock price remains flat or declines slightly. By selling call options, investors can collect premiums on a regular basis, which can help offset potential losses in the stock price.

In a Roth IRA account, implementing a covered call options strategy can be a tax-efficient way to generate additional income. Roth IRAs offer tax-free growth and withdrawals, so any income generated from selling call options is not subject to taxes as long as it remains within the Roth IRA account.

However, there are risks associated with the covered call options strategy. If the stock price rises above the strike price, you may be forced to sell your stock at a lower price than if you had not sold the call options. This means that you would miss out on potential gains if the stock price continues to rise.

Overall, the covered call options strategy can be a valuable tool for investors looking to generate income from their stock holdings. By combining this strategy with a Roth IRA account, investors can take advantage of tax-free growth and withdrawals, making it a potentially attractive option for long-term investors.

In conclusion, the covered call options strategy can be a beneficial investment strategy for generating income from stock holdings. By implementing this strategy in a Roth IRA account, investors can take advantage of tax-free growth and potentially increase their overall investment returns.