A few months ago, I decided to sell cash secured puts on PLTR. Once I got assigned, I ended up having to own 200 shares of the stock. I switched over and started selling covered calls on it and have since then lowered my cost basis for my holdings. Since then I have generated around a 5% return on investment per month since I started executing this wheel strategy. I would highly recommend anyone holding a large amount of shares on any particular company to try implementing this strategy if you haven’t already. You are able to collect premiums on a weekly basis which is a great source of passive income.
Submitted June 19, 2021 at 12:30AM by jlinsanity17 https://ift.tt/3wFkemZ
