Selling Options For Consistent Income

ANYONE can and should learn how to sell options for consistent income on the side or full-time!

What you'll learn

Understand the concept of options

Understand the purpose of calls and puts

Recognize how options can be used to generate income

Demonstrate ability to sell puts for income

Demonstrate ability to sell covered calls for income

Demonstrate ability to manage trade positions

Develop an options selling trading plan

Requirements

This course was designed for anyone to pick up and master this topic, so you don't need experience beforehand.

It will be useful to know basics of stocks, options, and technical analysis–but not required.

Description

Are you tired of working a 9-to-5 job? Do you want to generate income on your own terms? If so, then selling options is the perfect solution for you.Options are a type of derivative that gives the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a specified date. When you sell options, you are essentially selling the right to someone else to buy or sell an asset from you. This can be a great way to generate income, because you are paid a premium for selling the option.Here are just a few of the benefits of selling options:It's a low-risk way to generate income. The risk of selling options is limited to the premium you receive. If the option expires worthless, you keep the premium and you don't lose any money.It's a passive income stream. Once you sell an option, you don't have to do anything else. The option will either expire worthless, or it will be exercised, in which case you will sell the underlying asset at the specified price.It's a scalable income stream. You can sell as many options as you want, so you can generate as much income as you want.And unbeknownst to most retail investors, selling options can be a high probability trade–meaning there’s a high chance of success. That’s why selling options is a good income-generating strategy–you can structure it to have a high probability of success, and thus a consistent income stream.If you're interested in learning more about how to sell options for income, then I encourage you to check out my course. In this course, I will teach you everything you need to know about selling options, including:The basics of optionsHow to select the right options to sellHow to manage your riskHow to set up your trading planBy the end of this course, you will have the knowledge and skills you need to start selling options and generating income on your own terms.Why am I sharing this knowledge? Selling options has been a liberating and consistent income-generating stream for me. I have been honing this skill since 2018. And just like you, I first thought that options were complicated and risky. While not totally without risk, the risk in options trading can be managed. And once you become consistent with it, with a system in place, it is quite easy to manage with only a few hours a week of involvement. I am passionate about sharing this with others and have painstakingly worked on this course to make it as easy to comprehend as possible and accessible to everyone, regardless of background.So what are you waiting for? Sign up for my course today and start generating income from options!

Overview

Section 1: Understand the concept of options, calls and puts

Lecture 1 What is an option

Lecture 2 Components of an option

Lecture 3 Stock price, Strike price, Premium price

Lecture 4 Option expiration dates

Lecture 5 Call option

Lecture 6 Put option

Lecture 7 Bullish or Bearish

Lecture 8 What impacts the option premium price

Lecture 9 Option greeks

Lecture 10 Theta/Time Decay

Lecture 11 Must Know Terms: Long and Short

Lecture 12 Must Know Terms: Intrinsic and Extrinsic Value

Lecture 13 Must Know Terms: Moneyness #1

Lecture 14 Must Know Terms: Moneyness #2

Lecture 15 Option Profit/Loss Charts

Lecture 16 Option Profit/Loss Charts - Long Shares

Lecture 17 Option Profit/Loss Charts - Long Call

Lecture 18 Option Profit/Loss Charts - Long put

Lecture 19 Option Profit/Loss Charts - Sellers Perspective

Lecture 20 Option Profit/Loss Charts - Another Perspective

Lecture 21 Resources

Section 2: Recognize how options can be used to generate income

Lecture 22 Why Sell Options for Income

Lecture 23 The Case for Selling Options for Income

Lecture 24 Return Potential

Lecture 25 Reasons Why Selling Options is Not for You

Lecture 26 How Much Capital Do You Need?

Lecture 27 How Much Capital Do You Need? Examples

Lecture 28 Is Selling Options for You? Are you onboard?

Section 3: Demonstrate ability to sell (and manage) puts and covered calls for income

Lecture 29 Brokerages

Lecture 30 Option Chain

Lecture 31 Placing the Trade

Lecture 32 Strategies

Lecture 33 Covered Call #1

Lecture 34 Covered Call #2

Lecture 35 Cash-secured Puts #1

Lecture 36 Cash-secured Puts #2

Lecture 37 Strategies Key Points

Section 4: Options Selling Process & Plan

Lecture 38 Finding the Stock Part 1

Lecture 39 Finding the Stock Part 2

Lecture 40 Screening Tools

Lecture 41 Entry Criteria - Delta

Lecture 42 Entry Criteria - Date to Expiration

Lecture 43 Entry Criteria - ROI

Lecture 44 Managing the Position - Exits

Lecture 45 Managing the Position - Rolling

Lecture 46 Managing the Position - Considerations

Lecture 47 Managing the Position - Wheel Strategy

Section 5: Trading Plan

Lecture 48 Importance of Developing a Plan & Sticking to It

Lecture 49 Importance of Developing a Plan & Sticking to It - Losing Trades

Lecture 50 Importance of Developing a Plan & Sticking to It - Competitive Edge

Lecture 51 Trading Plan Elements - Goals/Objectives

Lecture 52 Trading Plan Elements - Selection Criteria

Lecture 53 Trading Plan Elements - Entry

Lecture 54 Trading Plan Elements - Exit

Lecture 55 Trading Plan Elements - Journal

Lecture 56 Trading Plan Elements - Journal Examples

Section 6: Putting it All Together

Lecture 57 The Point of Selling Options

Lecture 58 Two Simple Strategies

Lecture 59 Trading System/Plan

Lecture 60 Managing Bad Positions

Lecture 61 Final Considerations

Lecture 62 Paper Trading

Lecture 63 Position Sizing

Lecture 64 Outro

Anyone! The goal of this course is to help anyone get into options selling.