I’m not going to continue posting this info going forward. Hopefully anyone who saw it understands that you can perform your own “speculative attack” tax free through an IRA if you get approved for options trading. I would estimate you can comfortably increase your “stack” by 30-40% annually with very little risk. If bitcoin price goes up as well it is a win-win. Bitcoin in self custody is the revolution, but price appreciation never hurts.
Discussion
Emoney, I’d be down to learn more about this. Are you selling covered calls and using the proceeds to buy the underlying stock? I’ve been learning calls and puts for a year or so. I’ve never actually rolled the call itself. I only closed at a gain or usually let it expire worthless. I’ve also never exercised a call. I recently started selling cash secured puts to buy at lower prices and/or collect premiums.
Happy to help. I didn’t know how it worked either until the beginning of 2025. As soon as I sell a covered call, I immediately put in an order to roll it at the premium of my choosing. I always select “Good till canceled” on the roll. When rolling a covered call, I try to get paid about half the cost of one share. So if I’m rolling an IBIT covered call I will set my price about .25 ($25).
I’ll study on this idea. Thanks for sharing
It works really great when price is chopping or going down. Instead of rolling up and out I’ll roll it down a bit that same week. Allows you to buy the dips at no cost to you. If price is really running up fast I will accept less money to roll up and further out in time. Start small and experiment, it’s an amazing tool if you don’t want to sell.