It’s tax season already, and there’s only about 6 weeks to go to make 2021 IRA contributions. There’s a juicy looking covered call possibility showing 61% return, and monthly options in general expire this week. How do we combine these factors for maximum success?

We don’t. We’re buying preferred stocks inside our IRA. At least to start.

1. LTC - $34 a share, these aren’t preferred, but this is definitely one of our favorite REITs. This is a stock we just buy a certain-ish amount every month. We also are letting our dividends auto-reinvest on LTC. Same goes for GOOD. Great name = great success. Good name, well, that’s good, too.
   

2. PW.P - $25.58, 7.775% on the $$25 coupon value. And it’s a REIT. What’s not to love? It can be called at any time into cash, so there’s that. Generally we don’t like to buy callables if we can lose any amount on an immediate calling, but $0.58 is a risk we’re willing to take. We missed the ex-div for this month,.
   

3. HCDIP - $14.52 a share. 8% is the usual rate, though this month makes it look like 13%! $0.16 monthly per share. We’ll see if that holds, but for now we’ll just be happy with at least 8%.
   

4. GOODO - $25.01 Cumulative, with an annualized 6% return paid monthly. Callable, but, that’s hardly a problem.
   

5. ARR.PC - $24.66, Cumulative, with an annualized 7% return paid monthly. Callable, but we aren’t really worried about it. ARR is a solid REIT. Ex-div 2/17