$SPDR S&P 500 ETF Trust(SPY)$

$SPDR S&P 500 ETF Trust(SPY)$ I opened 6 contracts 625 options.

I hope to finally get assigned .

Breakeven is 623.92

Then I will sell covered calls on 5 contracts with 0DTE, ATM,

and one I will sell covered call OTM, to keep for my portfolio, while I keep wheeling the others.

My hope is that eventually premium income will pay for those 100 shares.

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Comments

Kristina_
07-14
Kristina_
625 assignment + wheeling 0DTE calls? Bold move! 😎 Just hope SPY doesn't decide to moon past 630 on expiry day. That OTM call better be DEEP out...
- Gman1234567890:
  unless they figured they just want it that badly
AlanBright
07-14
AlanBright
Nice strategy

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