Imagine you own shares in a company - let's say 100 shares in Apple. You believe that the share price will tend to move sideways in the near future. Instead of simply holding on, you can generate extra income with covered calls.

This is how it works:

- You own the shares (hence "covered").

- You sell a call option on these shares. This gives someone else the right to buy your shares at a certain price (strike) up to a certain date.

- You receive a premium for this sale - and that is your income.

What can happen?

1. the price remains below the strike:

=> Nobody exercises the option, you keep your shares and the premium. Win!

2. price rises above the strike:

=> Your shares are "taken", you have to sell them at the strike. You receive less than the current market price, but you keep the premium.

What is this good for?

- Additional income in sideways markets.

- Some risk protection through the premium.

The risks?

- Limited profit potential (because you have to sell the shares if they rise sharply).

- If the share falls sharply, the premium only protects you a little - you still bear the price risk.

In short: covered calls are like rental income for your shares - you give up profits but collect regular premiums (dividends, etc.).

$SPYI
$QQQI
$QYLE (-6.16%)
$AAPL (-6.25%)
$MSFT (-2.62%)
$AMZN (-6.32%)
$GOOGL (-3.55%)
$RHM (+2.85%)
$NVDA (-6.05%)
$NOVO B (-2.25%)
$O (-1.43%)
$NKE (-9.93%)
$TSLA (-3.59%)

Let's see what happens.

I would like to share this nice daily performance with everyone who sometimes doubts their investment in not so good times. I should note that I am not invested in crypto and that my two ETFS $QYLE (-6.16%) and $FGEQ (-2.72%) were stopped out, which has caused my portfolio value to shrink by 30k, but also frees up cash for possible additional purchases. Even if it's not so nice to look at my portfolio on some days, it's always worth it in the long term and in the short term the sun sometimes peeks through the cloudy investor sky. This is clear to the experienced investors here, but many of those who have not been invested for so long have had doubts, as I have read in a number of posts. As you can see, things can turn around quickly, even if only a few stocks are involved. Today $MUX (-1.31%) stands out, also $HSBA (-6.34%) has increased. That's not to say anything about my temporary problem children like $NOVO B (-2.25%) or $HAUTO (-3.49%) should not obscure the fact. To all doubters, no matter how you have set up your investment, please stay true to your goals, look at the market and don't get rattled. Act wisely and not with shaky fingers. In the long term, we will all be back on the winning side.

#Bondora has announced that it will effectively reduce the yield from 6.75% to 6.00% in April. This means that the risk/return ratio is no longer right for me. I have therefore withdrawn my entire balance today. Total holding period 635 days, 1,752.94€ total return.

I will probably invest it instead in 3 tranches in the $QYLE (-6.16%) invest.

Unfortunately, I had to sell a previously nice cash flow position today. $QYLE (-6.16%) the stop_loss has taken effect. The monthly distributions so far have been pleasant, the ETF was bought and has served its purpose, I didn't want to destroy money in the longer term, hence the SL. Let's see when the next entry comes.

From what I see in the getquin community I seem to have been lucky in keeping parity this month 😂

Today the markets all down and I who thought I bought at a discount the $QYLE (-6.16%) at 16.70€ I find the etf in the red by 2% with quotes at 16.12€, obviously the target is the long term and the etf is more for generating liquidity than performance, but it was a lesson in what it meant to buy when markets are low, next time I have to wait for bigger drops like today's.