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Reply to "My mom made money pretending to buy stocks"
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[quote=Anonymous][quote=Anonymous]OP: Terrible advice. All you are doing is attempting to rationalize a crazy idea. However, there is a somewhat related idea that is a proven moneymaker. It's called selling covered call options.[/quote] I sell covered calls on every position I have..yep free money. Surprised to hear you think its terrible advice meanwhile its the same thing as a covered call in concept except that you don't already own the stock. You know how the premiums get nicely inflated on all the strikes when you do your covered calls? Look over on the PUT side of the chain when there is a similar thing occurring on a price drop. buy Why would anyone hurry up and buy a stock when you can just get paid PUT premium every week and buy it later on?[/quote]
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