Not Swissquote. I use IBKR and trade a lot of options there (almost 90 in 2024). Average fee per contract is $1.05.
I do not sell call options on the stocks I want to hold like VWRD or CHSPI. First because I want to keep them and secondly because there is no options market on European/Swiss ETFs.
I have a dedicated portfolio (around $55-60k) where I sell secured put options to generate a cash flow. Only when I get assigned, I start selling covered calls to get rid of the stock. Only to start over this so called ‘wheel’.
Honestly, I don’t like the covered call phase of this strategy. First you’re stuck with the stock you own. So if the stock drops, the options becomes worthless, but you cannot sell a new call on a different underlying (with puts you can choose a new stock every time you sell.). Secondly, and this happened many times, you sell a covered call for maybe $200 for 2-3 weeks. Then the stock rises sharply and you miss out on thousands of capital gain (AMD/NVDA in June/July 2025). So instead of selling covered calls, I sometimes just keep the stock and wait for it to recover (or beyond), in which case there is no cash flow from this strategy (AMD/NVDA between 11/24-05/25).
For more details see My Option Odyssey: Personal Experiences, Numbers, and the Path Forward after Year One