To The Moon

30/3purchase bull update buy 0.9999 shares of JEPI

$JPMorgan Equity Premium Income ETF(JEPI)$ $S&P 500(.SPX)$ 

On March 30th, I purchased 0.99999 fractional shares of the JEPI ETF by JP Morgan at a price of $53.92 on Tiger Brokers. My purchase was motivated by my desire to accumulate 100 shares of the ETF so that I can sell covered call options.

Before I dive into the details of my purchase, let me first provide some background on the JEPI ETF. JEPI stands for JPMorgan Equity Premium Income ETF, and it is designed to provide investors with income and capital appreciation through a combination of equity exposure and an options overlay strategy. The ETF invests primarily in large-cap U.S. stocks and writes call options on those stocks to generate additional income. As of March 30th, 2023, the ETF had a dividend yield of 5.15% and a total return of 19.65% over the past year.

I first learned about the JEPI ETF and its covered call strategy through my own research on income-generating investments. As someone who is interested in generating passive income through investing, I was immediately drawn to the idea of selling covered call options. Selling covered calls is a popular options trading strategy that involves selling call options on stocks you already own in order to generate income. The strategy is considered relatively low-risk because you already own the underlying stock, which provides a hedge against potential losses. Additionally, because you are selling options rather than buying them, you collect a premium up front, which can help offset any potential losses.

In order to sell covered calls on the JEPI ETF, I first needed to accumulate 100 shares. As of March 30th, I only had 6 shares of the ETF, so I had a long way to go. However, I was determined to get there, and I had a plan in place.

My plan was to make small, regular purchases of fractional shares of the JEPI ETF over time. I was able to do this through Tiger Brokers, which is an online brokerage platform that allows investors to buy and sell fractional shares of stocks and ETFs. I liked Tiger Brokers because it offered low trading fees and a user-friendly interface, and it also had a good voucher reward program.

So on March 30th, I decided to make another small purchase of fractional shares of the JEPI ETF. I purchased 0.99999 shares at a price of $53.92. The reason I purchased a fractional share rather than a whole share is because I wanted to use up all of the cash in my account, and buying a whole share would have left me with some uninvested cash. Additionally, buying fractional shares allowed me to continue accumulating shares of the ETF even if the price per share continued to rise.

Overall, I was happy with my purchase of fractional shares of the JEPI ETF on March 30th. While it was a small purchase, it was another step towards my goal of accumulating 100 shares of the ETF so that I can sell covered call options. I plan to continue making regular purchases of fractional shares over time, and I am optimistic about the potential for this strategy to generate passive income in the long run.

Of course, as with any investment, there are risks involved. The price of the JEPI ETF could go down, which would result in a loss of capital. Additionally, the options overlay strategy employed by the ETF could fail to generate the desired level of income, which could result in lower returns. However, I am comfortable with these risks, and I believe that the potential benefits of this strategy outweigh the potential drawbacks.

In conclusion, my purchase of 0.99999 fractional shares of the JEPI ETF on March 30th was a small but important step towards my goal of accumulating 100 shares so that I can sell covered call options

🐯 🐯🐯🐯🐯🐯

Dear tiger readers Please help to share post also clicking the repost button and follow me as I published my post on my ideas and trading experiences and sometimes including my current dividend positions and winning sell call and put trades . 🦁🦁🦁🦁🦁Do follow me share my posts regularly So more people can learn about my trading methods and winning trades on selling covered calls and puts options I share my options trade below usually I sell at a higher price then buy back at a lower price for a profit

I also try to reward the first 100 commenters at least 1 coins each who also help me repost and like the article

🌈🌈🌈🌈🌈🌈🌈🌈

As always do your on due diligence and tradings have risks

Do feature me @MillionaireTiger @Daily_Discussion @TigerStars @MiniAce so more people learn sell cash covered put on good stocks and earn 1% or more per month on covered call etf