Wyckoff volume benchmarking / market profile bt analysis board

[d-k]

Use in the money CC strategy in IRA type account as wash sale rule screws up tax reporting in non-ira account.

Instead of individual stock, start with etf like IWM.

Say buy IWM at 208 current price. Immediately Write Feb 05, CC with strike price ~ 3% below, say 202 at 8. Gain $2, =2/202= 1% gain. Do 1 or 2 a day to spread out the risk.

For position that you don't get called out change your cost basis to initial cost-premium. =208-8 =200 now. Use this new basis for next week Feb 12 CC.