🚨 I’ll be live at 11:30 a.m. ET with Jeffry Turnmire🚨
We’ll cover how to create cash flow without buying stocks, cash-secured puts, chart patterns, covered calls and running the wheel [tap to join us for Market Masters]
I was watching the chatter around Robinhood (HOOD) earnings, and it reinforced why most traders make this harder than it needs to be.
Everyone was trying to guess direction — before the close, after hours or the next morning.
That’s stress disguised as strategy.
Getting Paid Instead of Paying
While others placed directional bets, I sold a put well out of the money (OTM) and collected premium up front.
I sold the $70-strike put when HOOD was trading around $87, putting the position $17 OTM with three days to expiration. The result was a 37% ROI.
If the stock stayed flat or moved higher, I kept the premium. If it dropped sharply, I would have owned shares at a discount and transitioned into selling covered calls as part of the wheel strategy.
Selling puts isn’t just about collecting income. It’s the entry point into a structured process — sell premium, accept assignment if it happens, then sell covered calls and repeat.
Why This Works When Everyone Else Is Guessing
Earnings inflate implied volatility, which increases options premiums. Many traders see that as an opportunity for a directional bet.
I see it as an opportunity to get paid.
By selling far OTM, I positioned myself with a cushion while benefiting from time decay. Even if the stock moved, the structure allowed flexibility.
The bigger edge, though, is mindset. Traders who force daily profit targets often create pressure that leads to revenge trading and mistakes.
You don’t need daily targets. You need consistency and discipline.
Sell premium, let time decay work and stop trying to outrun the market. You’ll trade calmer and with more confidence.
Trade well,
Jack Carter
Jack Carter Trading
Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!
- Telegram: //t.me/jackcartertrading1
- YouTube: //www.youtube.com/@FinancialWars
Important Note: No one from the ProsperityPub team or Jack Carter Trading will ever contact you directly on Telegram.
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. I’ll Reveal a Special Way to Play The IPO Rush
I believe that the “mega” IPO supercycle may be getting a bit overhyped, based on shocking market data.
Click below to reveal the details…
Plus, there’s an alternative approach to playing this frenzy that I want to share with you!
Source: Initial Public Offerings: Updated Statistics; University of Florida, 2025
