Are you an investor and not selling options? If the answer is yes, then I think you should take some time to learn. I averaged $3,200 monthly this year just selling options. I am not a professional investor. I learned to do this on my own and you can too.
My hope is that through my journey I can teach others how to sell options with less risk and heartache. I encourage you to come along and find your own path to Easy Investing Income!
Thanks for tuning in!
Uncle Jim
My Blog with my options strategies, monthly reviews, and lessons on getting started.
If you would like early access, special content and some handholding then check out my Patreon page.
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Anyone who is making 5+ percent monthly consistently I have no desire to follow them because from my experience there either trading to large or way to risky underlines. 1-2 percent is my sweet spot
Are there any funds out there that exclusively deal with options ?
Great video. Just subscribed recently. Can you explain how you handle taxes on your profits? Do you file a 1099 or classified as a 'full time trader'. Not sure how to ask the question.
Jim, if you close your positions at 50%, your 610 is now 305. You can open more positions sooner and achieve your goal but do you worry about commissions starting to eat into your profits? Thanks
Selling options is fantastic… it's like a cheat. 4% from dividends yearly? Not uncommon to find selling puts or calls for 4% monthly, just gotta be careful of only trading stocks you want to own. Don't need 10% monthly. 3% monthly is great for those that want to get rich slowly… but not too slowly 😉
Subbed!
Good video. I've been selling options for many years. Those who are expecting 6 percent per month is unrealistic when selling options. Unless they are really willing to sell NTM options on leveraged ETFs like SQQQ, TZA, SDS, ERX, etc. 1 to 3 percent per month is realistic and over the year a gain of even 15%. is not bad. considering what the banks pay. Seeing the economy slowing in late 2021, I sold all of my growth and Tech stocks using NTM calls. Starting 2022 I moved into aquiring more recession resistant stable stocks and leveraged ETFs by selling short term puts. Given the state of the economy I'm up over 20% on my three trading accounts which is not bad considering so many people are losing 30 to 50 percent on their stock account..
The last time i was in a Big Lots the store was in shambles. Looking at their rolling revenue, operating income, and net income they are at risk of real bankruptcy in the next 10 years.
I've been considering doing a full options trade with my portfolio for a while now, but would need to transfer the thing out of the traditional brokerage i use in order to actually make it worth doing.
2023 will be worse than 2022
How long do you typically write your out? Monthly, weekly, etc.????
Selling covered calls on long term holdings is Portfolio Overwriting? I once had my long term shares assigned so stoped. Maybe will try again. Thanks for sharing.
Making money is an action. Keeping money is behavior. Growing money is knowledge..
Great video bro