I'll never criticize the new investor making $50/month selling options...
Unless they do covered calls or cash secured puts... Then I will. (those strategies are a trap) Most new investors fall victim to this because it's viewed by the herd as "safe" and "low capital" But in reality, it's a way to cap upside on a bullish company (covered call) & a way to sit on a bunch of cash when you are bullish on a company (cash secured put) I haven't met a single person that made millions selling CCs or CSPs... But I have personally made millions selling portfolio secured puts, not cash secured. It will change how you see everything once it clicks. This is part of what I teach in my 10 Day Stocks & Options Transformation Training. Click the link in the first comment to learn more & get access to my mastermind discord community.
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I'll never criticize the new investor making $50/month selling options...
Unless they do covered calls or cash secured puts...
Then I will.
(those strategies are a trap)
Most new investors fall victim to this because it's viewed by the herd as "safe" and "low capital"
But in reality, it's a way to cap upside on a bullish company (covered call) & a way to sit on a bunch of cash when you are bullish on a company (cash secured put)
I haven't met a single person that made millions selling CCs or CSPs...
But I have personally made millions selling portfolio secured puts, not cash secured.
It will change how you see everything once it clicks.
This is part of what I teach in my 10 Day Stocks & Options Transformation Training.
Click the link in the first comment to learn more & get access to my mastermind discord community.