Lions. Earlier I had mentioned rolling into a position once the options you sold expire. I want to elaborate on that.
You can choose to do this with a single position.
First find a company who’s stock is in an uptrend. Ideally this should be a large cap company with many options available to buy and sell. Look for small spreads between the bid/ask. Most large cap companies, for example JPM, will have many options available to trade with small spreads.
IF you are selling puts, for which you are doing so because the stock is in a longer term uptrend-say about 20% OTM expiring between 2 weeks and a month, you simply allow the option(s) you sold to expire worthless for the guy who bought the option your sold- and you get to keep the entire premium with no close-out fees.
Once this happens, sell puts again, same set up as before in the same stock. Do this over and over and over for steady consistent gains.
GM
At the rate things are going here in CA I'll be taking my early retirement & reduced pension in no time for being a filthy dirty unvaxxed, buying your latest book, and joining the trading crowd!
You Lions are really awesome thanks for all the love & advice, good to know there's many others in the Fight!