Can you make enough money trading covered calls?

Asked 4 years ago

How much can you make with covered calls? I've been playing around with option trading strategies and I feel like there is some possibility of making enough money to live off of selling covered calls. What trading strategy do you use?

Andia Rispah Igobwa

Monday, September 13, 2021

In general, you may make between 1 and 5% (or more) selling covered calls. The strike price, as well as the expiration date, affects how much money you make. In general, the greater the market volatility, the higher your monthly income from selling covered calls.
However, when the markets are calm, you'll have to sell calls with a further expiration date.