Selling Option Premium Now

Just a quick update on what I’ve been up to lately. First, I got laid off, which pushed me into an early retirement. That’s okay—it’s the perfect opportunity to strike out on my own again.

Second, I’ve been diving into the options market and have found it to be quite profitable. I rarely buy calls or puts because, in my view, that’s pure speculative gambling. Instead, I’ve been selling options—primarily cash-secured puts and covered calls. So far, this strategy has been working well. Why be the gambler when you can be the house?

That said, I’m under no illusion that making a living from the market is easy—it’s incredibly challenging! But for now, I’ll take the profits and stash them away. Make hay while the sun shines.



Date
November 17, 2024

Previously
Smh