Milk Much More Cash From Your Portfolio with This Strategy | by George Schneider, M.A.
Looking for a conservative way to milk extra money from your stocks?
Are you curious about how to milk extra money from your portfolio with stocks and options? Well, today we’re looking into the world of covered call writing, using Verizon (VZ) as our example. Don’t worry; there’s nothing complicated here. We’ll keep it simple and light!
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Imagine you own a lemonade stand, and you have 500 cups of delicious lemonade (just like you own 500 shares of Verizon). Now, what if you let someone pay you to reserve some lemonade for a future date? That’s essentially what covered call writing is! You own the stock (the lemonade), and you sell someone the right to buy it from you at a specific price for a certain amount of time.
