written by reader Covered calls on dividend stocks for long term cash flow

By xiexgp@gmail.com, October 31, 2013

I had an opportunity (for about 2 minutes) to talk with Jon Najarian about options and portfolio growth. He told me that for his daughter’s college fund he owns MO, sells calls monthly, and receives a dividend for a steady income. He undoubtedly owns a boatload more shares than I could but do any Irregulars use this strategy? Would you be willing to share your thoughts, results? Thanks!

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.