Anybody here make significant weekly/monthly passive income off Covered Calls and/or selling puts? Looking for success/failure stories for those who have tried this!

like
Posting as :
works at
You are currently posting as works at

The income you need to be working with to make significant money on covered calls is..... significant. I play around with about 150k and I can make about 20k a year on that....which is only slightly better than indexed market on a normal year. It's fun to stay in the game, but returns will be about the same.

You miss out on big gains but you lower your basis in the case of stagnation or slight loss.

like

Which stocks do you primarily sell CCs on?

Almost exclusively S&P 500 not expecting earnings during my window with a positive EPS. Why? Because those are the flattest opportunities. You want the call to expire worthless so if you buy the stock at 100 and you sell the CC for 105 a month out, ideally it creeps to 104, then you can let it expire worthless, pocket your premium, and decide what to do the next month.

You could sell a CC for 100, knowing it could exercise immediately, or try to ride the security and sell another for 105, or try to go to 110. If earnings are expected, you can decide if you want to minimize risk (selling closer to cost) or maximize gain (betting on higher).

like

Related Posts

I have a client who needs a 401k, or a solo retirement account w loan options. When I was at UBS/Ameriprise, it was no issue but now it seems tougher to find a firm that does solo 401k as a RIA's.

likehelpful

Inflation post covid—19 .. thoughts? I am really worried considering the prices from housing to basic needs in major cities are already not affordable for most middle class families.

likehelpful

Hey - Might be moving from Florida to Illinois. Is there any way I can avoid changing residency and IL income tax? Realistically, will I be audited?

like

Need some help! Currently live in TX but work as an independent contractor (remote) for a NYC based company - do I still need to pay NY state convenience tax on income or would this only apply as a full-time employee?

like

Can I make rental agreement as paying rent to my dad for tax savings .. I would like to mention 46k per month as rent .. Please help .

likehelpful

Relocating from the west coast in late spring. We have three kids under 6. School system is important to us. Thinking relocating to the Lake Norman area or Fort Mills. Pros and Cons. Looking to purchase a house and sq at least 3250-3500 min. Any advise for the area.

Anyone ever temporarily lower 401K contribution to increase bonus cash payout?

like

Seeking feedback on GAP insurance. I had a family member who purchased a car in June or July. They were in an accident last week and it sounds like the car will be declared a total loss. Never dealt with this before, so wanted to ask if anyone has ever had an instance where the insurance didn't cover the outstanding balance of the loan and the insured then owed money? Car was $35k, $7k down, finance $28k. Gap insurance is through lender, not auto insurer.

Does LTA and phone allowance are processed each month as a taxable income if we do not produce the bills ?

like

Does anyone have an idea on the best emerging markets to invest in before the recession hits? Is gold, or any other commodity going to be the safe haven as well? Thanks everyone

like

Does American Express gives the Diwali gift ??
Amex

like

Making a lot of money relative to the average but feeling poor? Median after-tax income was ~$55,000 in 1981 and was ~$73,000 in 2020. Using a Bank of Canada inflation calculator $55,000 in 1981 is equivalent to ~$165,000 today, which would put someone in the top 10% of earners today. But in 1981 the median family had that extra money. Who can I blame?

Post Photo
like

Are any RIAs charging for maddening 529 plans? If so, how?

like

Do we need to do anything special to accept international investors?

like

What’s a good baseline amount to keep in a checking account? I generally keep mine pretty low <1000 after paying CCs then dump the rest in savings. As I’m building a rainy day fund and then I will start contributing my brokerage account.

For reference <1 year experience at $4500/month (after taxes and 401k contribution)

like

Qualified Dividends: I’m expecting $650-$750 qualified dividend in 2021. Salary and base about $250 total. Questions: what tax rate will the qualified dividend be taxed at? The 15% or 20%? Also, since it’s technically a long term gain, do I have to pay an state and local on the income? Been reading for a bit and I can’t seem to find a clear answer. Thanks fishies!

like

How to save tax i have 9 lpa salary. Need a detailed information. I have already taken full 80D apart from they any more suggestions for 80C?

like

Hi guys.
Do you think investing in gold is a good choice?
Seeing their prices are going up, there will be good value in future for these

like

I just left my pre-seed startup that was running out of cash (we made $100,000 in revenue this year, and sunk $1m in costs). I was making $40,000 as a developer (plus 20k stock options at $1/share per year) and they refused to pay me any more money. I have 17,000 vested stock options, total number of shares at the time of my contract was 4million. I’m a bit confused about share dilution and if it’s worth it for me to buy some of my stock options… thanks in adv!

like

What are the best ways of tax exemption

like

More Posts

Anyone at a tier 2 firm willing to connect? I’m in M&A tax now at big4 but looking to transition to a non-TDD consulting role. Not specifically looking for a referral but would like to bounce some ideas off of someone/possibly look at my resume

like

Hey what's ur number

like

Hi Fishes, Please comment your WFH status with the base location and company name.

Mine is @Genpact Bangalore and WFH is still going on.

I have offers from different organization, Could you please help me to decide which one would be great choice.
All are for Bigdata profile with almost same package.

Yoe- 9, Big data Exp-3
Iris
Saama technology Pune
Epam Systems - Shell Market project
HCL - Deutsch Bank project
Impetus

Deciding factor- Job security, WLB, yearly hike and scope of learning.

like

Anyone gone through the CFI’s FMVA certification program? Is it worth it for FDD?

like

Recruiters, my position as senior in-house counsel at a privately held electronics manufacturing company was eliminated recently due to COVID. Looking for opportunities in the Mpls/Chicago areas. Open to networking or discussing any open opportunities. Experience includes development and purchasing contracts, distribution agreements, patents, trademarks, licensing, data privacy for an international organization with a legal department of one.

like

Do you think calling back employees to office is an example of bad work culture within the company? Can we consider companies as an example for bad work culture?

like

Coming soon!! In anticipation of the new Dune movie, I dissect the book for gems of leadership lessons. There are SO many! Stay tuned! @blackmarketleadership

Post Photo
like

Small High West tasting. My ranking Bourye 15, Midwinter Night’s Dram Act 9 Scene 3, Double Rye Houston Babe Society and Rendezvous.

Post Photo
like

Anyone feel like self-control is more difficult on stimulants in general? Like reflecting back on things, thinking before speaking, holding out on pleasure activities

like

Currently recruitment in Bangalore for developer

like

My company Qualitest India has a lot of openings for Manual and Automation testers/DEVOPS/ETL and other roles for India and even abroad. Please check https://qualitestgroup.com/careers/open-positions/#open-positions and contact me personally with suitable job id from the link above. I will try to refer.
Note: I am not a recruiter. I work there as an Engineer and just trying to help people. 😊

like

Potential employer wants to me to write a POV for a brand, is there a specific framework you’d use or specific length?

like

Is your bonus or any part of your comp tied to new biz dev that you pull in? If so, how is that structure setup? Percent of total or Y1 contract value? Specific incentives based on growth targets? I work at a newer agency that is experimenting with new comp structures, so I want to get a sense of what is competitive.

Moving to Boston in June! Any recommendations for areas to avoid/look at when looking for apartments? How early should I look into signing a lease? Any info would be helpful as I’m not from the area

Is meme marketing a thing?

like

Anyone need a referral to EY happy to help

like

What’s the culture like at FTI Consulting?

like

if you are interested to apply for below positions, please DM

Post Photo
likeuplifting

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Additional Posts in Stocks

What’s happening with the Chinese stocks? Do you think it’ll continue going down or will it go back up?

like

Interested in investing in real estate. How to even begin and what apps should I be using?

like

Penn or draftkings?

like

Thoughts on CPOAX?

like

What to do with stocks/crypto accumulated in US, sell them when moving back to home country after completing H1B ? What about taxation when you hold and sell later ?

like

Curious if anyone has invested a big amount in one stock let’s say buying 150k of CRWD in may based on gut or conviction however you may put it. Want to have a discussion around lessons learnt and ways to derisk.

like

Buckle up boys and girls. We crash tomorrow.

likefunny

Tax Loss Harvesting worth it - if the future cap gains exceed what you may save now? Torn between adding more vs harvesting (gains on individual stocks/etfs are minimal to none this year) lol

like

Red red red

like

Any REIT ETFs that people like?

like

Am I crazy for thinking the next ten years look bearish for mega-cap tech? Explanations inside.

like

What’s been the sentiment on MARA? Is the blip gone?

like

Has anyone diversified and invested in govt bonds? What’s the yield like? Is there a lock-in term?

New to this welcome any article or insights

like

Should I take an L on Paysafe? Feel like none of these SPAC stocks are going to have upward movement anytime soon

like

Why so red? Any stocks good to buy now?

like

My 401k technology stocks are down 27% as I started beginning of last year!
Hold and ride OR some other recommendation?

like

“It turns out that wealth does trickle down, you just have to make them bleed first”

I guess they didn’t like bleeding so they’re trying to manipulate the markets in their favor AGAIN.

Post Photo
like

$RNWK 🚀 is it next GME?

likeupliftingfunny

Looking for few suggestions for high risk/high return stocks at current level which have potential to double/ triple in next 3-4 years...

likefunny

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal