Message Font: Serif | Sans-Serif
No. of Recommendations: 1
Does it make sense to get into ETFs by writing puts on ones you would like to own, then writing covered calls to point of selling at a profit? Then, perhaps repeating?

Does it make sense to you? Do you have the skills or are willing to learn the skills to make it work? Are you willing to take your lumps while you figure out how to make it work or coming to the conclusion you can't make it work?

Also double check you ability to write the calls and puts on the ETFs you are looking at. The CME is not thrilled about people writing options on ETFs because they are built for options trading of the underlying assets of the ETFs.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.