Hi everyone! It's been quite a while since my last post, as I have been busy learning a new investment called Options. I have been trying to learn it on my own, but have found it confusing, until a dear friend introduced it to me, and sparked this new excitement into Interactive Brokers Options 😎
Options is really mind-blowing yet complements stock investing very well. It deals more into strategies and statistical probabilities, and opens a whole new realm into why Options has been growing in popularity over these past few years 😅
The most popular and safest option strategy is the Wheel Strategy. It starts with choosing a fundamentally solid ETF like SPY or QQQ, that tracks the USA S&P500 or Nasdaq100 index
Step 1: Start by Selling Put, collect Premium $, until 100 Shares are assigned
Step 2: Then Sell Call, collect Premium $, until -100 Shares are assigned
Step 3: Return to step 1
Plus while Selling Put, the USD cash also earns a solid 3.83% interest rate 😁
If you are also keen to obtain US$1,000 worth of IBKR shares & start your Options journey, click on my referral link https://ibkr.com/referral/jason9403
Press on Financial Warrior, YOU Mighty Man of Valour!
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Disclaimer: This blog is provided for education/information purposes and should not be used as an enticement to invest in any financial products
