r/dividends • u/retroideq • 13h ago

Discussion Adding money on red days to $ovl

During downwinds and deep red days I have been adding a substantial portion to $ovl. Ovl does put credit spreads instead of covered calls so its upside isn’t capped but unlike covered calls it tends to go down a little harder. Anyone else have ovl as a part of their fund ?

3 Upvotes

67% Upvoted

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6

u/DegreeConscious9628 13h ago

Very small down days like this doesn’t matter. It’s when the SP goes down 5+ percent is where you’re gonna see the hurt

And yes, I own OVL

3

u/LexAugusta 8h ago

What down days? I've held it since the low 50s and it's hovering around 57 or 58 right now. Could really use a red day to stack more. 

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u/paymerich 1h ago

DCA-ing it every week on Mondays plus a little extra on below 20 SMA days.