Selling cash secured puts and covered calls against $SPY in my new Roth IRA. I think the options premium from covered calls will reduce my cost basis to the point that I easily outperform the market. This is a long-term, buy and hold, index investing strategy paired with an options strategy kicker. It's $SPY vs $SPY and only one SPY can win!
🎥 Selling Covered Calls on SPY in a Roth IRA:
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0:27 Step 1: Own 100 Shares of $SPY
1:54 Step 2: Sell Covered Calls
3:56 Don't Get Assigned
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