Hey traders, I’ve been around the block when it comes to different ways of making money. I’ve done everything from real estate to loaning out money (don’t get me started on that one). But at the end of the day, I’ll tell you one thing — in my opinion, trading is hands-down the easiest business […]
Why I Would Never Use a Poor Man’s Covered Call
Jack Carter | October 14, 2024
Hey traders, I got a good question from a reader named Geoff that I wanted to dive into a little deeper because it’s a good question that some of you might also be wondering about Last week, I wrote about how I’m expecting a little “dip and rip” in the markets — a short dip […]
How to Safely Trade a ‘Dip and Rip’ With Income Plays
Jack Carter | October 11, 2024
Hey traders, Yesterday, I talked about expecting a little “dip and rip” in the markets coming up — where we might see a short dip before stocks rip higher again. But let me tell you something… even when I expect a bullish move, I’m not going all-in with risky, speculative options trades. That’s just not […]
How to Use the 7% Rule to Spot When It’s Time to Take Profits
Jack Carter | October 9, 2024
Hey traders, Yesterday, I touched on a strategy I like to use when the market’s experiencing a rally, like we’re seeing right now in October. But I realized I didn’t go into full detail on the nitty-gritty of how it works. So let’s dive a little deeper… The whole reason this strategy works is because […]
3 Big Mistakes Traders Make When Selling Options
Jack Carter | October 7, 2024
Hey traders, If you read my series last week on two big events early in my trading career that turned Maybe now you’ve decided to sell options. Good call. But just like any other strategy, there’s a right way and a wrong way to do it. Over the years, I’ve seen countless people try their […]
The Day Izzy Collapsed — And What It Taught Me About Options
Jack Carter | October 4, 2024
Hey traders, This week, I’ve been telling you about how I became an options seller after learning some tough lessons early in my career. On Monday, I shared why I sell options, and on Wednesday, I talked about the time I lost everything on a “sure thing” option trade. Today, I want to tell you […]
The Time I Had to Take a Bus Home for Thanksgiving (And What It Taught Me About Options)
Jack Carter | October 2, 2024
Hey traders, In Monday’s post, I talked about why I sell options — because the odds are in my favor as the seller, not the buyer. But it wasn’t always that way for me. In fact, I had to learn this lesson the hard way. Let me take you back to a time early in […]
Analyzing The Market Trends
Jack Carter | October 1, 2024
Hey traders, In the ever-evolving world of trading, analyzing the broad market and staying informed is crucial. Today I used my TrendPoint Software to get a gauge on the current status by checking important ETFs such as SPY, DIA, and QQQ. When these are trending higher than usual, that is typically a strong indicator of […]
Why Do I Sell Options?
Jack Carter | September 30, 2024
Hey traders, I’ve been in the game for nearly 40 years, and if there’s one thing I’ve learned, it’s that most options buyers lose their money. In fact, depending on the stats you look at, somewhere between 80-95% of options buyers end up losing all their premium by expiration. So why would I want to […]
Your First Naked Put
Jack Carter | September 27, 2024
Hey traders, Yesterday, I talked about why the current market is perfect for selling naked puts. Now, for those of you who are ready to take the next step and actually place your first naked put trade, today’s post is for you. A naked put is when you sell a put option on a stock […]