I'll never criticize the new investor making $50/month selling options...



Unless they do covered calls or cash secured puts...
Then I will.
(those strategies are a trap)

Most new investors fall victim to this because it's viewed by the herd as "safe" and "low capital"

But in reality, it's a way to cap upside on a bullish company (covered call) & a way to sit on a bunch of cash when you are bullish on a company (cash secured put)

I haven't met a single person that made millions selling CCs or CSPs...

But I have personally made millions selling portfolio secured puts, not cash secured.

Ratios in check.
Risk managed.
Can easily survive 50% market crash.
It works.
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