FOLLOW @calltoleap for the next video! I’ll talk more about risk/reward.🤓
Watch my beginner’s stock market class replay in the link in my bio to learn more about how I make passive income in the stock market.🙌
The replay expires on Thursday at 11:59 PM PT.🤭
This is how I sell cash-secured puts for monthly income.💸
And yes, you can save this video for later. 🤩
When selling a cash-secured put, I’m selling the right, not obligation, to someone to sell their 100 shares to me for a certain price by a certain date. Usually, this price is a discounted price that I want to buy the shares for.
This is a powerful income strategy that many people use to collect premiums each month while getting shares for a cheaper price. Warren Buffett uses this strategy too!
When choosing the stock, I personally follow CTL guidelines that help reduce risk. You don’t want to choose a weak company (ex. IPOs, meme stocks, penny stocks, etc) because you don’t want to be an investor in poor/risky companies. Here are my guidelines:
1. Part of the S&P500/DOW30
2. Fundamentally strong
3. Technically strong
4. Most likely pays a dividend
And yes, if I’m able to buy these shares, I can then sell covered-calls to collect more income each month.
Follow to see my next video where I’ll talk more about this in detail. (Read the description)🫣
Have questions? Drop them below and I’ll answer them. You can also watch my stock market video replay in the link in my bio!🥸
Be the turtle. 🐢
-Steve
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