Tag: options trading
5 Takeaways from “The Options Wheel Strategy”
“The Options Wheel Strategy” by Freeman Publications covers the cycle of using cash-secured puts and covered calls together. I have personally used this strategy to some extent. The book details the options wheel, selecting the right stocks, and positioning your wheel alongside your more extensive portfolio. After using the wheel for six months, I am…
The Magic of Trading Long Strangles: The Best Passive Options Trading Technique
Have you ever dreamed of creating a money machine? Well, the secret to getting rich is finding a way to generate out-sized returns—and continually repeating the process. I stumbled upon trading long strangles through my options trading journey. The returns have been magical. I am still waiting for the downside to show its face. In…
Winning the Lottery with Options Trading: How to Control Your Fear and Greed
One of the biggest tests of self-control is the ability to trade options on the stock market calmly. It can be an emotional roller coaster because the stock market can be irrational, especially if you need it to go in a particular direction. I won the lottery three times this month while trading options, once…
Thanksgiving: A Time for Grace and Passive Income
What a wonderful time to be alive and enjoying the Thanksgiving holiday season. What are you thankful for this year? I am blessed to have retired from the Marine Corps this year—24 years later. After many years of being away, I finally came home for good. I am also thankful to have learned the ways…
The Options Trading Debit Card: Create the Best Weekends of Your Life
I have been going on and on about my Dividend Debit Card (Part #1, Part #2, Part #3) over the last three years. It is incredible to receive dividends directly to my Cash App spending card. This month (November 2023), I am on track to receive $400 in dividends directly to my Dividend Debit Card.…
Covered Calls vs. Cash-Secured Puts: The Best Strategy for Beginners
So you want to trade options, huh? Welcome to this magical and dangerous world that most try to avoid at all stops. The key to trading options successfully is having a clear income goal, defined expectations, and a rock-solid plan to avoid being greedy. Greed is the number one way to lose lots of money…
Retirement Planning for the Average Person 6
It finally happened; my wife and I retired. I am 42, and she is 39, and life couldn’t be better. We both started with below-average resources, but we still arrived at this momentous occasion. So, what’s the secret sauce to retiring when you want, having a great income, and living your dream life? The secret…
Treasury Bonds vs. Options Trading: Graduate to the Next Phase of Investing
We rarely get to compare two completely opposite things—usually, there is no point. However, let’s make an exception in this case because both investment vehicles can help us reach our financial goals. Buying treasury bonds and trading options are about as far apart on the risk totem pole as possible. Treasuries give investors a risk-free…
Dividend Investing vs. Options Trading: Let’s Start with $10,000
The world of high finance is a fantastic place to build wealth and live your dreams. However, without financial education, your dreams can become nightmares. If you can save $10,000, you can consider yourself an Elite Saver of America. But now it’s time to make your money generate more money. Dividend investing and options trading…
5 Takeaways from “Mean Reversion Trading”
“Mean Reversion Trading” by Nishant Pant is a deep dive into the world of options trading. I am new to the options trading scene, and this book provided a lot of information I needed. Trading options can be quite lucrative; however, you must balance fear and greed daily. You can use a hefty amount of…
Financial Freedom Road Trip #2: Options Trading
This is my sixth time driving between San Diego, California, and Pensacola, Florida. And this will be my last time doing it as a US Marine. Arriving in Tucson, Arizona, is always a welcome feeling. Again, I love the desert more than any other environment, and Tucson has that old-school Western vibe. Welcome back to…
Stock Market vs. Bond Market vs. Options Market
Investing in paper markets can be intimidating if you don’t have a guide or mentor. I would guess that the overwhelming majority of people will never invest directly in financial markets (also called risk markets). It is a shame because you can grow your wealth much quicker with paper assets than by working your 9-5…
Selling Cash-Secured Puts for Passive Income
After spending some time on the stock market, you’ll understand the epp and flow of the world’s greatest wealth creator. You will undoubtedly be a buy-and-hold investor if you are a dividend investor. Receiving dividends is my favorite moment of my day, outside of seeing my family. Luckily, we can extract even more passive income…
5 Benefits of Options Trading
Can you make active income from passive income sources? Do you have a nice-sized dividend portfolio get sitting around, waiting to produce more revenue? Then you might want to research trading options in the stock market. Options are contracts giving the owner the right to buy or sell an asset at a fixed price for…
5 Takeaways from “The Options Playbook”
The stock market can be very lucrative for buy and hold investors. But what if you wanted to take a more active approach? Enter “The Options Playbook” by Brian Overby. Options are stock market “plays” that you can use for various purposes. You can trade options for offense, defense, protection, and aggression purposes. If you…
