Ok, this one is outrageous. Make sure you’re sitting down.
If you’ve read my articles or watched my videos you know I’m the guy that pulls weekly income from the market.
No surprise there. I do it by selling options.
I love selling options because it lets me collect instant income from the market as soon as I enter the trade.
And even better, it puts me on the “right” side of the market.
Because as I’ve told you many times before: Most options expire worthless.
Which is a terrible thing when you’re an options buyer.
But when you’re an options SELLER like me? It’s music to my ears.
Because every option I sell that expires worthless is another chunk of cash in my pocket.
My Outrageous Trade
Most of the time I sell options that are 5% out of the money.
Maybe 10% on a good day.
But this week I was able to place a trade on AVGO that let me go 20% out-of-the-money.
Here’s what that looks like on a chart:
It’s outrageous. Honestly, I couldn’t even believe it.
But this week AVGO is reporting earnings. So the premium has really ramped up a lot in anticipation of that.
And that’s what let me go so far out of the money.
Time will tell what happens with the trade, but with a greater than 20% cushion, it’s looking really good for us.
By the way, this week gave us some particularly good premium.
But I do this every single week. If you want to see a ton of examples and discover how the strategy works, click here and watch the video I recorded for you.
Trade well,
Jack Carter
