Supercharge Dogs of the Dow with Covered Calls

Supercharge Your Dividends: The Dogs of the Dow Strategy with Covered Calls - This podcast episode explores the Dogs of the Dow strategy, buying the ten highest dividend yielding stocks from the Dow Jones Industrial Average. It introduces a twist by selling covered calls on these shares to collect extra premium income, enhancing cash flow and reducing volatility. The strategy is illustrated with examples of Verizon and Chevron, showing potential annualized gains of up to 13% on top of dividends. However, options trading risks are emphasized, advocating for thorough research and consultation with an advisor.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.