I have some TQQQ. Let's call it 1,000 shares for argument's sake, but its a lot more so think tax burden. TQQQ sits at $65.30. If I sell 10 calls, those would be covered calls, effectively, correct? There is no "unlimited loss" if the stock skyrockets because I own the number of shares that I am selling calls on.
I would like to sell all of my TQQQ, but I do not want to incur the capital gains taxes. I am considering selling $70.00 calls to potentially sell all my TQQQ and make either:
- Premium + gains to help with capital gains tax
- -or-
- Premium, but then still have TQQQ I want to sell
Strike price on 6/12/26 for a $70 call is $72.80 ($2,800 premium)
Strike price on 12/18/26 is $80.70 ($10,700 premium), 1/21/28 is $88.45 ($18,450 premium)
What is the most effective strategy for this?
u/BlueStickyU — 11 days ago