Aug. 22 at 8:40 PM
$CIFR MONDAY: 200k to spend on shares or sell puts. 190K shares ready to sell covered calls against. My goal is good income monthly or less, but giving the stock 20-30%(depending on the time amount) to grow. Thinking of selling 2 week out
$6.50 puts, and selling 2 week out
$8 (1450) and
$7.5(450) covered calls.
I could alternatively buy 30k more shares and sell those at a certain strike/time.
What would you do in this situation? (Only
$10+ is retirement money for me before getting called away, why im trying to stay close in timeline and far in price. Okay to stay around this price and sell
$7.5's for a while)