User 286954

How To Profit From Continued Market Downturn

I just sold covered calls on the stocks in my portfolio that I am going to hold through this economic downturn, because it's too late to sell the stocks. I think that makes sense. If the calls move toward the strike price and I don't want to have the stock called away, I can buy it back, so I don't have to pay capital gains on the sale of my stock. In the meantime, selling covered calls seems about the only thing to do these days.