I sell options for income. Bankroll $26,000 Slanging puts to degens. Day trading memes funny stuff all the above. The current goal is 0.5% return per week, $130
Selling options is my favorite way to trade. Selling cash secured puts, covered calls and strangles has brought an extra $5,731 this year, 22% return! I’m going to add 10k to the account and hit 2024 hard!!
August was good and consistent! Some close calls but got out alive. Need to check the computer for the month total. I think around $1350 profit. Keep grinding!! 🤟
I’m all in $AMZN. Terrible market environment for earnings report. I sold a $120 put and $117 which will bring my average down to $125 on 400 shares if price falls. Hopefully $AMZN is the light at the end of the tunnel!
Thinking about switching brokers from TD ameritrade to Interactive brokers. The idle cash return of 4.83% at $IBKR is a huge difference for me. Anyone have any advice or reviews on these two?
No red days is my motto. Took a long time to get here. I see posts where people say they are blessed for a green streak. That’s bullshit. The market is not blessing anyone. Find a way to be profitable, take the money and run. It’s not crazy money but it’s consistent. Keep grindin
So I figured out my idle cash problem on TD Ameritrade. T bills are 99% marginable. So I bought 30k worth of T bills that mature on 12/28 and then sold .05 delta puts that expire 12/29 using about half of my option buying power. Will net 1% in 26 days. Trying to be a bit more