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Hello investing gurus , would appreciate if you guys can narrow down options trading strategies, looking for cashflow monthly, while hedging. Too many strategies out there, would be thankful if can get some valuable advicee
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HAN ONG
23 Aug 2022
Founder at Punggol Fat Loss Expert
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The "safest" option would probably be selling covered calls. Or The Wheel strategy, google that.
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Tan Choong Hwee
19 Aug 2022
Investor/Trader at Home
Well, just learn and practice the simple strategies first to see if you have a good understanding of...
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I totally agree with the experts who had already commented. I just got started this year too with 'The Wheel' strategy of selling puts and then calls but do note that due to the falling market, the 'covered calls' aspect might be affected as your strike prices might be too low or under your cost of stocks.
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Anyway, which brokerage are you using?