How I Turned a Layoff Into $12,000 in Two Months by Selling Options
Options Trading Stocks
I “retired” in November 2024 after being laid off by a startup that shall remain unnamed. The severance package carried me through the end of the year, but I needed a new income stream. Thankfully, my wife works full-time, but I wanted to contribute and at least partially offset my lost income.
So, what did I do to backstop my financial loss? I turned to selling option premiums—lots of them. My journey began in April 2024 when I started buying premiums, and I made a tidy profit.
Read more...