arigatoinvestor wrote a post · Mar 17, 2023 15:01

Best to be an options seller

The market ran up 1.75% last night! Why? Becoz not just the government, even the largest banks in the United States are coming together to save the world! 😆😆

Sounds like Avengers 🦸‍♀️🦸🦸‍♂️

Anyways, big banks have moved to shore up First Republic Bank $First Republic Bank (FRC.US)$ in an effort to ease fears that the regional lender could be the next domino to fall after the second-largest banking collapse in US history. A group of 11 private US banks, including $Bank of America (BAC.US)$ Bank of America, Citigroup $Citigroup (C.US)$ and JPMorgan Chase $JPMorgan (JPM.US)$ announced on Thursday that they would deposit $30bn into the crippled California-based First Republic Bank.

During this period of time, I’ll be buying stocks and also doing B.O.S.S options strategy. Because as an option seller, you’ll get to collect premium aka passive income even when the market moves sideways! And when the market goes up like what’s happening right now, you get to pocket 100% all the premium!