Jan. 14 at 1:23 AM
$OPEN To optimize your long-term investment strategy, consider implementing a covered call approach if you possess at least 100 shares of a particular stock. This method allows you to generate consistent income by selling calls against your existing holdings. The premiums received from these weekly transactions can then be reinvested to acquire additional shares, effectively reducing your overall cost basis over time. By consistently generating a 2% weekly return, you could achieve a 100% annual return on your investment. This strategy provides a regular income stream, as premiums are credited to your account immediately upon trade execution, enabling you to continuously expand your portfolio without additional capital outlay.
