Robinson, J. [Options Trading University]. (2018, October 18). Options Trading U: How to Sell Covered Call Options [Video File]. Retrieved from https://followthemoney.com/options-trading-university/

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Summary

Learn How To "Rent Out" Your Stocks For A Passive Income

Questions

How can I sell options on my IRA?

Why is it that you are more likely to be right if you give the buyer more time with your chosen expiration date?

Notes

1. [15:00] Identify a low-volatility stock that you currently own that you would be comfortable selling at a higher price
2. [17:00] Look at the stock's option chain and choose a strike price that matches your ideal selling price (OTM) and an expiration date that is not too far out (30-120 day expiry, depending)
   • Buy In The Money* - Sell Out of The Money
3. [29:20] "Sell to Open" the call option with your preferred strike price and expiration date - Collect You Premium!

• Always use a buy LIMIT order, not a MARKET order
• AVOID highly volatile stock with this strategy
• AVOID stocks in a clear downtrend
• BEST for sideways "trendless" markets
• BEST with "out-of-the-money" strike price