DislikedIn summary then, if you have a spare $100k+, are happy averaging 1%–4% return per month, and aren’t fazed by a steep learning curve, then IMO selling covered calls is definitely worthy of consideration.Ignored
Totalling column T shows that I needed $84,513 to buy the stocks. (I currently have a $100k account).
Totalling column R, my P/L so far for the month, by using a covered call strategy, is $1,287.21 (or ~1.52% return for the month)
By way of comparison, had I merely purchased the stocks, totalling column W shows that my profit would have been $426.21 (or ~0.5% return for the month)
Note how much lower the breakeven prices (column P) are than simply buying the stock (column F).
The higher profit and the lower breakeven are the result of the premiums received (column J).
For me, selling covered calls is a viable investment strategy. A relatively safe return of 20%—30% p.a., while spending less than 10 minutes per day at the computer, is better than any other 'conventional' investment that I currently know of. For those who've messaged me, asking why I've switched from forex to stock options, that's my answer.