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Reply to "Can you really make so much money selling options?"
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[quote=Anonymous]I follow a few personal finance people on Twitter. The most interesting development I’ve learned of is selling stock options – covered calls and cash-secured puts. I’m still just researching and learning so no actual experience yet. However, many claim to be earning 15-20+% on their money by doing this. If so, it would totally blow out of the water the standard 3% withdrawal rule for retiring early. (Some of these Twitter people sell an e-book describing their methods for a nominal fee, so you could say they are not impartial. However, some don’t sell any product or service, and I’ve seen these numbers repeated so much by different people that I’m inclined to believe they are not way off base.) Does anyone here have experience with selling options? How long did it take you to get good at it? Imagine generating $100K annually in semi-passive income on a capital base of only $500K – wow.[/quote]
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