Trading options for income, like any other activity you wish to pursue, requires time, discipline, some degree of study, and practice. Hence, it is “the only options book you’ll ever need.”. Passive Income Ideas You Can Use To Build Real Wealth. Even secure yourself an early retirement. Right. But achieving that ‘yes’ is intimately related to some of the following elements: Most experienced traders aim to achieve 1% – 2% monthly returns on their portfolios without incurring significant risks. Here is a short list of other popular stocks and ETF’s to trade credit spread options on. Meaning you don’t have to be 100% accurate with your timing or your market direction. It really was a life changing decision. The main reason is without liquidity the gap between the bid and the asking price can be rather large. Chuck Hughes Leasehold Rewards Program is without a doubt one of the fastest, safest, and easiest ways to fund the retirement of your dreams . Let’s take for example, you wanted to go long the markets and use put credit spreads, you would want to sell a higher premium put contract, and buy a lower premium put contract for protection to the downside. I don’t need a crystal ball to tell me where the market is going. So, are you ready to take the leap and start generating a second income for yourself in as little as 1 month? Selling vertical spreads is a great way to generate income while also allowing a small margin for error if the trader’s direction view turns out to be wrong. Some traders have entered the options arena by selling exceptionally long-term contracts. However, there are 38 hours left before expiration on Saturday. So why do I like this style of trading so much? Instead of buying puts or calls, you will actually want to trade 2 more more contracts for a net credit. Here’s everything you get with your no-risk subscription: Around the fourth Monday of every month, you’ll receive a new trade opportunity — often more than one — as well as Jeff Clark’s full analysis of why and how he picked them. Just click here if you are not sure how to find what stocks have a great fundamental outlook. Discover everything you need to start trading options the right way. The y-axis is the profit based on the possible outcomes of the final SPY price. 07/01/2011 7:00 am EST. A lot of times, I think investors perceive options to be a trading tool or something highly sophisticated that incurs a lot of risk, or it gets complicated in hedging your risk. If for any reason Jeff and his team don’t meet your expectations, just call Jeff’s member services team within 60 days for a full refund of your subscription.