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

by xiexgp@gmail.com | October 31, 2013 3:16 pm

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!

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