SCHD and selling covered calls?
I’m very new to options trading but since SCHD split and is pretty stable I was wondering what people would think about getting 100 shares, letting it appreciate a little bit and then selling covered calls with the strike price higher than the average cost.
I currently own 10 shares of it in my Roth but I have another $1000 that I can throw into it to help get me closer to the 100 shares needed.
I was thinking about paper trading to get comfortable with selling covered calls while I try to build up the 100 shares.