Selling Covered Calls for Vacation Money
ebook ∣ How to Expedite Your Savings Rate: Suberp Investing, #4 · Suberp Investing
By Joshua King
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I hate saving for our annual vacation; however, I don't want to use a credit card to travel. So, what are my options?
I can use my $2,200/month passive dividend income to save for our vacation quickly. But I have another choice: selling covered calls.
I can sell covered calls on the options market to generate 20-30% annual returns, making saving for vacations much quicker.
Not everyone can sell covered calls successfully. But if you can save $10,000 in a brokerage account, you have a good chance of being a great options trader. Good Luck!
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