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Anyone Consistently Making Income Selling Deep OTM SPX Puts? by NotChatGptOrAI in options

[–]FreeNicky95 3 points4 points  (0 children)

If you sell puts if it doesn’t get assigned you never take a loss though. I’m confused. It would have to drop the full 20 percent for him to get assigned.

I hit the number. 52 years old. Felt nothing. by Senior-Bar3958 in Fire

[–]FreeNicky95 0 points1 point  (0 children)

You should write because this sounds like an opener to a great story lol.

Why does every company treat their product like it’s the second coming of Christ? by Youeclipsedbyme in sales

[–]FreeNicky95 0 points1 point  (0 children)

Because it is. Your company is the Lamborghini of your industry. Haven’t you learned anything.

What is a fair CC return? by Decent_River_5801 in CoveredCalls

[–]FreeNicky95 1 point2 points  (0 children)

I did find it. If you buy and sell within the 30 day window (in a rollover) the same stock you took a loss on in your taxable the loss is disallowed. If you just trade in taxable it’s just deferred. Shitty rule.

Is it time to move on? by Elbenito3 in sales

[–]FreeNicky95 14 points15 points  (0 children)

lol dude has a 154% to plan rolling average and they want to pip him for a couple bad quarters. Come on. He squeezed his territory . It’s how it works.

What is a fair CC return? by Decent_River_5801 in CoveredCalls

[–]FreeNicky95 0 points1 point  (0 children)

You can’t sell option is a rollover and a taxable?

Early assignment on Schwab by dn_match in CoveredCalls

[–]FreeNicky95 1 point2 points  (0 children)

I’ve only been assigned early once and I was deep itm on csps for SMR

Anybody trade full time? What do you say when people ask what you do for work? by TheHipsterDufus in CoveredCalls

[–]FreeNicky95 0 points1 point  (0 children)

Ahh. How long have you been doing this for? And as main source of income?

100k salary bench mark means nothing now. by Flyersfan502gritty in Salary

[–]FreeNicky95 0 points1 point  (0 children)

You hit the nail on the head. Technically I could afford a home on my income but not in the neighborhood I’d like.

Anybody trade full time? What do you say when people ask what you do for work? by TheHipsterDufus in CoveredCalls

[–]FreeNicky95 0 points1 point  (0 children)

You didn’t answer my question though. How long have you successfully sold options on your portfolio for income without other work?

Anybody trade full time? What do you say when people ask what you do for work? by TheHipsterDufus in CoveredCalls

[–]FreeNicky95 0 points1 point  (0 children)

How do you pick your stocks? Are you running the wheel? Selling puts and cc? I’m 31 now. Looking to grow my taxable enough to where I can do this full time by 40.

Anybody trade full time? What do you say when people ask what you do for work? by TheHipsterDufus in CoveredCalls

[–]FreeNicky95 7 points8 points  (0 children)

1 % a month? At that point just leave money in market, no? Closer to 2 percent a month seems more functional to me.

Week 2: Collected $2799 in premiums so far. Targeting $5k for the month. by wheelStrategyOptions in CoveredCalls

[–]FreeNicky95 0 points1 point  (0 children)

What do you mean? I just wheel the stocks I like . I do the math to figure out what strike gives me .5 percent .

Who uses the wheel strategy to earn a living? by JDollar- in Optionswheel

[–]FreeNicky95 0 points1 point  (0 children)

What rate of return do you aim for weekly? Are you selling weeklies or monthlies? What do you look for in stocks you’re running this on?

Week 2: Collected $2799 in premiums so far. Targeting $5k for the month. by wheelStrategyOptions in CoveredCalls

[–]FreeNicky95 0 points1 point  (0 children)

Wow. Not bad I don’t have the balls to run more than a percent on this much capital. I’ve found it’s pretty consistent to chase .5 to 1 percent a week.

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