Market was up big yesterday. A lot of that is based on the techs that will be reporting earnings this week.
People love the idea of buying a stock and having it zoom upward.
But if it doesn’t make a big move, they make nothing. Or worse, they lose money…
For investors who are done “gambling” with stocks, there’s another way to skin the cat.
It has to do with using options to bring in income.
You can do this by selling a naked put at a price you don’t think you’ll have the stock assigned to you at.
There’s big money in this type of trading.Especially right now. If you look at the price of put options, they’re sky high — and once you sell one, you can watch it expire worthless if they’re out of the money on expiration day… (but you still keep the cash)
There are very few things in the business world where you can sell something at full price on day 1 and a few days later it has no value. (and remember, you keep the cash)
That’s why I love this type of trade so much.
But with naked puts, you get to choose the expiration, you get to choose the strike price. You even get to choose the amount of money you’re going to receive.
I like to call it “income on demand“.
And I’m going to be talking more about this soon.If you want to hear how I do it, click here to register your spot.
