I wanted to increase my net returns a bit but did not want to get too greedy trading options for some short term pleasureIs there any form of options trading, even with the most minuscule of premiums, that are more or less free passive moneyI use that term very loosely as obviously anything worth a damn has riskI just want to be taught and learn more about trading even in the most conservative of ways so real responses would be appreciated
>picks up pennies in front of a steamroller 99 times>Gets crushed once >Dies
>>62348549This is "conservative" options trading in a nutshell. You could sell out of the money puts and calls and pick up cash every day. Until the market does some crazy shit and you get absolutely fucked
>>62348729how far OTM, what expiration, what stocks / ETFs
>Conservative trading.Yeah, trade your time for money. It's called a job.
>>62348945I have a job
Maybe buying leaps
I will just post this in this thread, YTD up 50%Guess when I look at it that way, I should be happy
>>62348543>>62348549>have 80k in cash>sell premiums on QQQ or SPY with cash secured puts>when assigned, just sell covered calls>collect premiums weekly (around 1k)>during a sharp downturn you can just wait for the indexes to recover above your cost basis because stonks always go up>repeatTell me this isnt the infinite money glitch.
>>62349169If it was wouldn't everyone do it
>>62349175Probably because of the NAV erosion.
>>62348543run the wheel on good quality stocks/ETFs, invest premium in good quality stocks.
>>62349232But there's no NAV erosion. You're not investing in dividend etfs that do these covered call strategies on a bunch of garbage stocks. You're running the wheel yourself on index funds which always trend to go up. You can argue it's not the most efficient use of capital but where else could you put 80,000k and have it double your money in a year (assuming you get 3-4k in premium every month)?>>62349510>the wheelThis is exactly what I described above. I really don't see what's wrong with this strategy. The only catch is you would need a lot of capital to do this.
>>62348543>wants to trade options for a profite>doesn't buy ITM LEAP calls with delta close to 1 on red days >gambles on high IV short dated options Not going to make it
>>62349669Buy 100 shares of whatever meme stock, AI slop fad, sell weekly OTM calls to retards like OP 100% annual ROR guaranteed.
>>62349684I may be dumb but I’m not retarded
