Sell Options to maximise your gains ✨🤪

Options are like a gameplan to boost your gains 💰 and keep your losses in check 💸, no matter what's happening in the market. When things are looking up 📈, you can sell calls. When the market's going down 📉, selling puts on stocks you want to own is the move.

👉🏻 TLDR for potential rewards and risks: you pocket the option premium upfront 🤑 but remember, you're on the hook for potential losses if the market doesn't play nice to your predictions. 🙈

My go-to tactic? The Options Wheel Strategy 🎡 - a cycle of selling puts and calls to lower my average buying price, plus I can snag some cash from selling options 💵. The strategy you pick is dependent on how much risk you're down for. If you're a bit cautious, go for those out-of-the-money options 😬. If you're a risk-loving champ (like me 🤪), you can rock at-the-money options or even in-the-money options.

Oh, and don't forget about liquidation risks if you're margin trading. 🤞🏻 Sure, options are like the wild child of finance 😈, all risky and full of ups and downs. But just like dealing with life's curveballs ☄️, the key is tweaking your strategy to roll with the punches in this rollercoaster market 🎢 fueled by cool-headed and total unpredictable retail investors like you and I 🙂.

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irrationallyrational

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