Strategy 1: Write options on stocks that pay 3%+ dividend.
This was a good idea in principle, but I couldn't really find any where I could write a decent option on and that still satisfied the dividend criteria.
Strategy 2: Write Deep-In-The-Money call options to ensure I get assigned and returned to cash.
This might work out, but it seems that the best money on call options were At-The-Money or Near-The-Money.
Strategy 3: Buy high-dividend-yield stocks and make options secondary.
There are stocks paying 16%+ yields, so this could work out. But if I can make that much in a matter of months, the risk vs. reward perspective is against this strategy.
I am considering this for a TFSA (Tax Free Savings Account), however.
There are stocks paying 16%+ yields, so this could work out. But if I can make that much in a matter of months, the risk vs. reward perspective is against this strategy.
I am considering this for a TFSA (Tax Free Savings Account), however.
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