To The Moon

My game plan involves buying the SPDR Portfolio S&P 500 Growth ETF (SPYG) at around $82.60 to $85, selling a call option, and capturing the dividend. Here's a breakdown of my strategy:

@TigerTradingNotes @TigerStars @MillionaireTiger @Daily_Discussion @CaptainTiger 

1. **Buy SPYG**: I plan to purchase SPYG at a price range of $82.60 to $85. This is my entry point for the trade.

2. **Sell a Call Option**: After purchasing SPYG, I intend to sell a call option with a 25-day expiration. The strike price for the call option is $85, and I expect to receive a premium of $0.70 per share for selling this call.

3. **Capture the Dividend**: SPYG has a dividend yield of 0.65%, and I plan to capture the dividend of $0.116 per share before the ex-dividend date. This dividend will be received if I hold the shares through the ex-dividend date.

### Key Considerations:

- **Dividend Capture**: I need to ensure I hold the shares through the ex-dividend date to be eligible for the dividend. The ex-dividend date is typically one business day before the record date.

- **Call Option Premium**: Selling a call option generates income (the premium), but it also obligates me to sell my shares at the strike price ($85) if the option is exercised. This caps my potential upside if SPYG rises above $85.

- **Risk Management**: If SPYG's price rises significantly above $85, I may be forced to sell my shares at $85, missing out on further gains. Conversely, if the price falls, the premium from the call option provides some downside protection.

- **Market Conditions**: I need to monitor market conditions and SPYG's performance. Volatility and market movements can impact the success of my strategy.

### Example Scenario:

- **Purchase Price**: $82.60

- **Call Premium**: $0.70

- **Dividend**: $0.116

- **Potential Profit**: If SPYG stays below $85, I keep the premium and the dividend. If it rises above $85, I sell at $85, keeping the premium and dividend.

This strategy can be effective in a stable or slightly bullish market. However, I always consider the risks and ensure it aligns with my overall investment goals.