Here are three companies that are great to own for the long haul. I am using the options wheel strategy on all three. I am taking more risk with selling the cash-secured puts and once assigned I will sell Covered Calls. Now I am not sure if I will continue to roll the wheel or keep them and just sell covered calls. If I just sell covered calls, I should be able to double the dividend and make nearly 10% on a yearly basis. This is without considering normal appreciation. However, if I can make more running the wheel then I might continue to take more risks and let assignments occur. I have been on a journey to learn the right way to trade stock options. Along the way, I have decided to share with others both my successes and failures. My hope is that others can learn and shorten their journey to learn how to incorporate one of the best ways to make passive income.
Seeking Alpha Premium will be available for $189 for the first year (vs. $239) with a special $50 coupon. In addition, you can try Seeking Alpha Premium for free for seven days. https://seekingalpha.me/43Iwl2b
