In my previous post, I mentioned that I had a low 5 figure figure from a savings plan I purchased 10 years ago when I first started working and I am planning to generate some cash flow from it. It is not a huge amount and it is around 8% of my investment portfolio, so I want to see how much cash it can generate and whether it reaches the strike price and then I have to cover the position. I’ve done this before, but chose stocks that were very volatile like Tesla and that, in turn, kept me up all night and struggling to keep from panicking when I exercised. I find that sticking to positions you are comfortable with and not touching the base portfolio helps as I sold covered calls on my base Tesla position and when used this,…
