Q: I often hear money managers talk about buying a specific stock (e.g. Apple to choose a simple one) and then writing covered calls against it ….. and emphasizing the prospect of winning both ways.
I am not keen on taking a course in options trading at this point.
Does it make sense to attempt the same kind of thing using etfs?
For example, in technology using XIT or TEC and pairing it with ZWT;
or other sectors too, such as energy XLE … or XLF for financials? In this case can you suggest a couple of covered calls - one for energy and one for financials?
As usual, thanks…. much appreciated.
I am not keen on taking a course in options trading at this point.
Does it make sense to attempt the same kind of thing using etfs?
For example, in technology using XIT or TEC and pairing it with ZWT;
or other sectors too, such as energy XLE … or XLF for financials? In this case can you suggest a couple of covered calls - one for energy and one for financials?
As usual, thanks…. much appreciated.