Selling options for income is one of the best conservative ways to increase returns. When I sell an option contract, I am selling a financial insurance product to the market. I am acting as the underwriter of the policy. In the event that we get assigned and we get the underlying asset, we can simply sell a call option at some acceptable profit target and continue to generate consistent weekly and monthly cash flow. Furthermore, this particular market (oil) is very cheap right now so it is OK if we get assigned the stock. We would like to ride the wave back up to pre sell-off levels.
Trade: Sell 6 Day 7.5 Put @ 0.20 = 130.05% IV
80% Probability for Maximum Profit = 3% Cash on Cash Weekly Return
A picture is worth a thousand words...
Please trade responsibly.
Trade: Sell 6 Day 7.5 Put @ 0.20 = 130.05% IV
80% Probability for Maximum Profit = 3% Cash on Cash Weekly Return
A picture is worth a thousand words...
Please trade responsibly.
