Today, I want to take a few minutes to explain a question that one of my students emailed yesterday. Here’s what it said:
“Lance, I want to make an extra 5% plus a week. However, I don’t have time to day trade, I don’t want to sit at a computer all day, I want nothing to do with biotech or penny stocks, and I certainly don’t want to get directional by trading the S&P 500 or the QQQ. Can this be done?”
Thousands of traders make money playing the markets every day, which means that there are plenty of opportunities and winners to be made.
In today’s video, I’m going to give you one trading strategy that could make you an extra 5% each week by selling options with high implied volatility.
How much time does it take you to find a setup, determine where to enter and exit, and find your maximum stop loss?
Way too long, correct? And the list goes on…
As you can see, trading options is not only time consuming but also tough… especially when you’re doing it alone.