My plan with WWR:
I have 1500 shares. Sold 5 CC at $12.50 for 2/19 and 5 CC at $12.50 for 3/19. If those calls expire OTM on 2/19 then I'll look for an opportunity to sell 5 more $12.5 CC for April's strike.
I'll look to keep selling OTM CC on those 1000 shares until they're called away and I'm net free with a large enough gain to pay the tax man. The other 500 shares can sit in my account and appreciate for a few years or until they become a large enough % of the account and I'll re-balance after they become long term gains.
I have 1500 shares. Sold 5 CC at $12.50 for 2/19 and 5 CC at $12.50 for 3/19. If those calls expire OTM on 2/19 then I'll look for an opportunity to sell 5 more $12.5 CC for April's strike.
I'll look to keep selling OTM CC on those 1000 shares until they're called away and I'm net free with a large enough gain to pay the tax man. The other 500 shares can sit in my account and appreciate for a few years or until they become a large enough % of the account and I'll re-balance after they become long term gains.