Victor Posted January 4, 2019 Posted January 4, 2019 Hello Everyone, I am just wondering if it's worth to research and backtest a weekly covered call strategy using SPY as underlying and SPX for covered call writing. The idea is to buy SPY to cover weekly calls written on SPX every week and let them expire worthless (hopefully) each week. I realize that there might be technical issues when SPX weekly calls are exercised, because SPY would have to be sold to cover losses. Have anyone had any experience with this strategy or done similar backtesting (maybe with monthlies) and if so what were the results. Also, any other comments are appreciated. Maybe another index is more suited for this strategy? Just looking for a safe income strategy. Thanks in advance. Quote
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