The most effective, evidence-based way to earn money safely and consistently is to write (sell) covered calls just out-of-the-money and cash-secured puts just in-the-money on a Monday (unless it is a holiday, in which case on a Tuesday) using SPY as the underlying security.
Our fearless, intrepid investor has been following the six habits we recommend and also writing (selling) covered calls each Monday, expiry date Friday of the same week, using SPY as the underlying security. She often selected a strike price a few dollars out-of-the-money to take advantage of any growth if it occurred.
She did so last week and made a decent amount of money, nevertheless, she was assigned and is now entirely in cash.
What will she do when the market opens today?YOU NEED TO LOGIN TO VIEW THE REST OF THE CONTENT OR LEAVE A COMMENT. Please Login. Not a Member? You can now sign up for $12 for a one-year membership. Join Us