Better Trades using Conservative Options Strategies

Now the fun really begins. We are going to look at three simple options trading strategies designed to enable you to make better trades that produce extra income for you. These strategies are:

The Covered Call

Covered Calls

Details of the Covered Call

Deep-In-the-Money Covered Calls

Covered Call ETF's

The Cash-Secured Put Sale

Cash-Secured Put

Details on the Cash-Secured Put

The Collar

The Collar

These are fancy exotic-sounding names if this is the first time you have been exposed to options trading. But they are very easy to learn. You will like them for several reasons:

They are simple and safe if done using risk-neutralizing methods · You’ll learn this in the step-by-step guide

They do not require a margin account · We’ll keep it simple and easy to do

They can be done in retirement accounts · Put the power of monthly payments to work for you in tax-advantaged accounts. For more info see the site section about retirement accounts

There are many other more advanced options strategies that you may become aware of, and in fact use in due time. But if you’re new to options trading, you’ll want to restrict yourself to these to start.

As you look at each strategy by clicking on the link, evaluate whether they appeal to you and your financial situation. Recall the three individuals we profiled earlier, Phoebe, Craig and Mary. Consider the solutions they used for each of their own income needs. This will help you jump-start the application of these strategies to your own situation.

Also, as find you interest in option selling increasing, you will need to treat this endeavor as a business

Finally, you must understand and internalize the potential risks of options selling. Learn how to minimize these risks with knowledge and effective planning.


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