I left a job last year and rolled over both my Traditional & Roth IRAs. I’ve since bought Amazon, Apple, Tesla, Visa, Norvo Nordisk (NVO) stocks (among others) and have been able to write covered calls averaging about $300 a week in premium.
I look for CCs with at least one standard deviation from the current price or 85% likelihood of profit with a ~.2 Delta. I then buy 1-3 stock shares per week with the premium.
I’ve had a couple of CCs redeemed and I usually just re-buy the same stock and sell new CCs.
Is this a viable strategy long term?
[link] [comments] https://www.reddit.com/r/stocks/comments/13cyddz/funding_iras_through_selling_covered_calls/
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