Subject: Re: Strategy - covered calls in retirement
To clarify.

I do buy BRK with the premium. For me, my IRA is a long term asset that won't require distributions for 15 years. I will almost certainly never need the IRA for expenses.

The hypothesis is that this strategy allows me to own more shares over that 15 years.

E.g. I recently sold some covered calls in my Roth for 8.24 with strike price 390 for June 21, 2024. I bought more BRK with the proceeds. Worst case scenario, I am forced to sell my covered shares at 390 (about 14% higher). I could always buy them back maybe at a higher price.

The theory is simply that BRK is more easy to value than S@P 500.