The current list of all posts. There’s a lot of them.
How I Turned a Layoff Into $12,000 in Two Months by Selling Options
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. Then hubris struck. I tried to replicate my success, only to lose my gains—and then some. Lesson learned. ...