I just do ‘the wheel’. Any stock I want to buy I sell cash secured puts at a strike I don’t mind owning them at.
When I own enough of a stock I sell fortnightly covered calls on it at about 1/1.5 standard deviations (16 or 24 delta) above my buy price. This will change depending on IV so it’s not a hard or fast thing. Zip could be fun with its volatility
I have been doing this with AAPL and AMZN for years.
I just do ‘the wheel’. Any stock I want to buy I sell cash...
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Last
$2.85 |
Change
-0.020(0.70%) |
Mkt cap ! $3.720B | |||
| Open | High | Low | Value | Volume |
| $2.83 | $2.99 | $2.83 | $32.53M | 11.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 283125 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.86 | 200 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |