Selling options are a great way to earn extra income. I get a lot of questions about which is best, but the best strategy is to use both Puts and Calls. When the market is up your call positions can become in the money and might require handling. At the same time your puts become profitable, and you can close them early. The reverse is also true. A weak market causes your puts to go in the money and your calls become profitable.
In this video I discuss the basics of both calls and puts and how you can benefit from both. At the end of the video, I will share my trades earlier this week and how I had a great average for my first three days of trading. I also share pointers all along the way so be sure you stay until the end.
I have been on a journey to learn the right way to trade stock options. Along the way I have decided to share with others both my successes and failures. My hope is that others can learn and shorten their journey to learn how to incorporate one of the best ways to make passive income.
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