IRA Mistake
I can’t believe I overlooked the strategy of selling covered
calls in an IRA account. All these years I’ve been selling options in my
non-retirement account. I did not even pop into my mind until I stumbled onto a
YouTuber, who was doing it. One of my larger holdings in my retirement account
is Apple so I should be able to generate a few dollars and probably just
reinvest those into Apple. I really don’t care if it’s called away since there
are no tax consequences, and I’ll just buy it back. You always learn something new in this game…
posted by Money Turtle @ 11:19 AM
2 comments
2 Comments:
Even selling calls on V and MA few months out has been good. Having a $0 commission broker and always entering limit orders does add up gains.
I do it in taxable account too… sometimes buying back ITM calls creates capital gain loss but can always roll over. Since wash sale rule doesn’t apply to options, it works in both accounts.
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