Got some spare cash on hand and toying with the idea of buying shares with the fund and seeing what is my gain or loss monthly.
I will be depositing S$500 monthly and maybe more when I got more cash available on hand.
Will it be better than keeping it in SSB or savings account?
I shall use the funds once it is available in my IBKR account and not wait to buy. The reason being so is I am trying to avoid timing the market as much as possible, similar to DCA but will be buying multiple stocks.
The number of Fubo shares increased to 400 as 2 option puts were assigned, The average price is $4.23
Currently, I have a sell put option and if it’s assigned at $2.50 then I would have met my target of 500 shares. I also place 2 sell call options at $3. The purpose is to do the wheel strategy where I sell options to collect premiums.
I started doing options for the Fubo shares that I held, can’t let the shares sit down there without doing any job.
To date, I collected USD $140.73 by selling options. The value is approximately 8.27% yield from my cost of purchasing the 400 shares.