Covered Calls with Leveraged ETFs (ft. TQQQ)
Covered Calls on existing leveraged ETFs positions can offer juicy premiums and lower your cost basis. The implied volatility is off the charts which means premiums are sweet. Let's talk more.
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SCRIPT
I recently did a video on Covered calls. If you don’t understand covered calls, I strongly recommend you watch that video first and then come back to this one
At the end of the video, I teased about using covered calls with your existing leveraged ETF position. In this video I want go deeper on this topic
If you don’t know what leveraged ETFs are or have never invested or traded or are a new investor or really plan on keeping your money safe in the short term, please do not jump into leveraged ETFs.
It can completely destroy your portfolio if not done right. I have a whole playlist on this topic if you want to learn about it.
I am a huge fan of leveraged ETFs and constantly looking for ways to manage this product better.
I think you should strongly consider covered calls if you are doing leveraged ETFs.
DISCLAIMER - I am not a Financial Adviser or Tax Professional, the information provided is my personal opinion and should not be considered professional advice.
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