I went through my process of getting #OptionsIncome by selling #PutOptions for #Cashflow.
I use an options strategy to generate additional income, and buy cheap stocks. I sell Put options for immediate cash, and promise to buy the underlying stock at a price lower than it is today. I am selling insurance against the stock going down. If the stock goes up in price, the insurance (option) expires worthless in 6 weeks, which is my best case scenario, as I got the cash premium up front for nothing. If the stock goes below the price I promised to buy it for, I have to pay the price I promised, and get the stock. I only do this for stocks I own and like, and would buy anyway. I have the cash available to purchase the stock. If I didn’t have the money, I could buy the option back, generally at a loss.
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