berkshire101 Posted December 24, 2015 Share Posted December 24, 2015 As anyone thought about writing weekly covered calls on the SPY? Say you own 100 shares of SPY at $205.68. You write a call option at strike price of $206 for $1.08 premium. That's about 0.5% gain (excluding taxes and fees). Annualized that, it's around 27%. Any thoughts to the downsize of this? You could be stuck holding the SPY, shares are called away, and might not get the premiums you want. Link to comment Share on other sites More sharing options...
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