ETFInvest

Indexes are on steady decline. I will use the opportunities to buy index ETF's and pledge them for trading as collateral. Keeping that in mind, I have plans to accumulate #SBISENSEX ETF around 555/526.9/499/453. Will increase quantity on lower purchases. While we don't know the bottom, one thing is for sure indexes will move higher in few months or years. Additional rental income can be generated by selling 2 DTE OTM weekly CE.

Comment:

Few might think how to sell CE against Sensex ETF. It doesn't matter. I normally calculate the net-worth and sell CE accordingly in Nifty even though I have ETF in Sensex.

Comment:

560 to 594 a good 7% move in ETF.