Like many people, my ira is a snp500 index fund that I won’t touch for another 20years.
As I’ve learned about options, it seems like it would make sense to regularly sell a put spread from spot to 90% of spot in the account. This would allow me to harvest additional equity risk premium without exposing myself to the catastrophic risk of an uncapped put.
Is this a well understood strategy in the options world? Does anyone else do this?
I found OVL does this with some success, but has high fees. I’d probably automate this myself after some more DD.