23m sitting on about 37k portfolio, 10k roth and making 70-80k a year.
My current strategy is to buy june 2024 options (50c / 60c ) on big tech. Current positions are 2x aapl, 1x googl, 1x amzn.
How i see it, if the Companys trade flat for 2 years, i only lose 1-2% of the theta premiums I’ve been paying for 2 years and I roll the contract forward for $100-$200.
If the Companys recover and a bull run starts, im levarages about 1.34x (my portfolio is 37k and the underlying value of the 400 shares thru my contracts are worth 56k)
I’ve been in the market since 2018, but since I am still young, I am pretty new. Just wondering if anyone had experimented with strategies like this before.
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