Wealth Hacks of the Elite #2: Writing Options
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Most retail traders lose money in the stock market. The institutions swim around the murky waters and swallow retail investors whole. But there are even more dangerous waters: the options market.
As reliable readers of Wealth Systems know we are big believers in building a wealth engine using options.
We’ve recently started a new series called Wealth Hacks of the Elite — a best hits of tips, tricks, techniques and vehicles the extremely affluent use to stay that way - check out the first edition here:
Today we’re discussing writing options.
The people who MAKE money in the options world are the sellers / writers of the contracts. They collect premiums from the sale of puts and calls. In effect, they are operating mini-insurance companies that get paid weekly, monthly, as often as they sell options.
Now it’s time to fully unveil their favorite trades so you can start collecting premiums and amplifying your income.