Top 3 Option Trading Strategies for Monthly Income
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📺 Watch Next: Does the Wheel Option Strategy work | Retirement Planning:
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📺 Poor mans covered call Option trading:
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Chapters
0:00 Intro
0:27 Option spread trading (Iron Condor)
1:50 Poor mans covered call
3:26 Covered Calls
4:44 Examples of covered call trades in my small account
5:12 Cash-Secured Put Options (3 example positions)
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In this video, I break down my top three favorite option trading strategies for generating consistently month cash flow.
Strategy 1: Spread Trading
My third favorite strategy involves using spreads. One example is the the iron condor. Watch as I explain how this option position works, using a real example from Costco. By strategically selling and buying options, you can pocket premiums while having a wide margin of error, making spreads a great choice for generating consistent monthly cash flow.
Strategy 2: Covered Calls
My second favorite strategy is selling covered calls, a powerful technique for owners of at least 100 shares of a stock. Learn how to structure covered calls for consistent monthly cash flow and even benefit from dividends. Check out real examples from my small option trading account on lower-priced stocks like CAG, Campbell Soup, and Verizon.
Strategy 3: Cash-Secured Put Options
The third strategy involves selling cash-secured put options or bullish put credit spreads. I'll share three examples – GILD, AMGN, and CME – showcasing how selling put options against stocks you like can lead to significant cash flow. Dive into the details of my trades and understand the average profits over the past few years from selling puts in these stocks. This will give you a clear picture of the potential earnings from selling put options.
These three strategies are just the beginning of your options trading journey. But they offer a way to consistently put cash in your pocket every month.
Happy investing!
Randy Perez
#ironcondor #coveredcalls #cashsecuredputs
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Disclaimer: I am not a financial planner and am not offering investment advice. This is an opinion channel only and should not be taken as any form of financial advice. The ideas and strategies that I discuss should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. There are financial risks involved in taking on any monetary transaction that I discuss in my videos. I may receive a small commission from the purchase of any item from using the links listed above.
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