On the heels of a stellar return for April, I thought it might be a good idea to sneak peak what I’m investing in for May via covered calls and how I earn those monthly returns.
TLT
I continue to hold TLT and sell calls on my holdings. On my two primary accounts I have received $473 in TLT dividends for May. But the real money is coming from selling calls on my holding. Below are some sample cash flows.
I also entered a small speculative play that I wrote about recently here and bought long dated puts/calls on TLT to ride the coattails of whoever the speculator is that executed that trade. If you are wondering why I chose those particular strikes and dates, it’s because AI told me to 😉
Incidentally, bond king Gundlach recently started selling off long dated Treasuries, perhaps he had his hand in this trade or someone with similar thoughts?
EWZ
EWZ is an ETF that holds Brazilian equities/investments. I like to have some international diversification in my portfolio and EWZ currently has some interesting money flows. The calls on EWZ have nice premiums and I will bank 3% return for the month on the premiums.
This was another trade my AI app suggested for me so why fight the machines since the cash keeps rolling in?
Share The Wealth
Are you using AI to help navigate the market yet? Also, let me know if you want more posts like these showing how AI is guiding my specific investment trades.