>>20419509>I like to hope that in the future I can figure out options selling and make a lot of extra money off my SPY sharesCovered calls on top of you shares lose long term compared to buy and hold, even with most rolling strategies. Especially after taxes. What your shares provide is margin and option buying power. Buying options on margin doesn't use margin tax, only capital gains once the position is closed. So you can buy deep ITM, far exp date LEAPS for added leverage. Roll or close at expiration, and it's only long term capital gains tax. You can also use long synthetic futures, I'd suggest monthly DTE. Check out CBOE (pic related) as you can see backtesting for the major options strategies with SPY (they all underperform buy and hold).
