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[quote=Anonymous]You can go down the rabbit hole as much or as little as you like.  You just have learn about options, there's too much to unpack here.  I suggest reading McMillan.

https://www.amazon.com/Options-as-Strategic-Investment-Fifth/dp/0735204659/ref=pd_aw_fbt_img_1/141-1772609-9504214?pd_rd_w=dtlRf&pf_rd_p=76328f70-5fff-49b7-869a-94bfdaa768fc&pf_rd_r=HRB2V8HY8VMK06FFK2P5&pd_rd_r=06873a28-2e61-4405-be55-ea1beab1f98b&pd_rd_wg=7kDwh&pd_rd_i=0735204659&psc=1

It is a behemoth and will take months to finish, but consider it an education.  You can use options to intensely trade every single day.   You can use options to do lower activity stuff like force your stocks to pay what are essentially dividends, sometimes almost every week.  You can use options as basically a way to own stocks with leverage, which is what Nancy Pelosi does all of the time.  You can get extremely simple or very, very complicated with fancy strategies that mix and match all different kinds of options in order to change your risk-reward profiles.

It all really depends.  The vast majority of time I don't have time to setup and think about complicated options plays that would employ all different kinds of spreads.  I just use them to force my stocks to pay me income evryweek.  It's nice getting a few hundred bucks per week.  Free money for bills and groceries. [/quote]

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