I’d like some advice, and shame on me for not just researching this, but I figured I’d ask you good people instead.
Let’s just say a person owned a large quantity of a stock like, oh, let’s say, Tesla. Let’s further say that this person wanted to maintain their long position for the long haul and also wanted to make extra income from it.
I realize that selling covered calls is one approach, but my (very limited) understanding of this suggests that, should the stock do well, the seller of the covered calls might find themselves selling off the stock anyway, which kind of defeats the purpose.
Any more clever approaches to this? Or does one simply hold on to the long and pray?
