The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be talking about selling covered calls for a living. Is this a myth or really possible? This is a question that we had from one of our members and just the idea around it was – Can you sell covered calls for a living? When I think about trading for a living, I think about the income that comes in from a trading strategy. Does a trading strategy or does an investment strategy generate enough income to actually live off of? To pay bills and to put food on the table, a roof over your head, etcetera? In the case of covered calls, I don't know if necessarily that they would generate a living for you because all you're doing is buying long stock and then selling a covered call to reduce the cost basis on them. Now, do I think that it's a great strategy for long-term buy-and-hold investors? Absolutely because we've even seen in our own research, as well as outside research from CBOE and other options reg