Monday, June 19, 2023. How our fearless, intrepid investor made out last week and what she will do today

Last Monday, June 12, our fearless, intrepid investor wrote (sold) covered calls on SPY, $5.00 out-of-the-money, expiry date Friday of the same week, that is, June 16 (C 16JUN23 435.00). Combining the premium income with the market rise, she made a decent amount of money. However, SPY rose by more than five dollars, and she was assigned and was entirely in cash.

In a rising market, simply holding a security will produce better results than writing covered calls on it.

What will she do when the market opens today?

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Dr. Milan Somborac

The Monday Morning Millionaire Program supports do-it-yourself (DIY) investors which I have been for over 50 years. About my team and me