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RE: TIB: Today I Bought (and Sold) - An Investors Journal #485 - Cybersecurity, Ride Sharing, Gold Mining, US Retail. Europe Index, Bitcoin, Ethereum, Ripple, Wheat, Soybeans
I take it you like covered calls and/or don't mind getting assigned the stock if you like the company. This is a great strategy to grow an account little by little. A 6% return monthly could lead to doubling an account within 12 months.
It works for me. For stock I really like, I will often just buy it back and write again. The key number is the average net premium percentage - get that around 1% a month (compounds to around 15% annually) on a whole portfolio you can double a portfolio in 4 years - doing nothing else.
Time invested is quite low - takes me about one hour a month to set the trades up.