You can do options on etf like spy, and qqq.You don't need to do options on stocks only. I just like stocks cause I don't like the rubbish that comes with etf. Like Boeing, intel, IBM.

Make your life simple. Buy etc and do options on them. Can sleep well at night too.

This post has been edited by Ramjade: May 26 2022, 04:27 PM

It's never flawless. It's whether market shoot up or down too much.
Well I aim to achieve FAT FIRE in 10 years. So no choice need to grind. I have counted can't even achieved THIN FIRE on dividends but not impossible to achieve Mid to FAT FIRE with options and side income.

Fat fire means you have more than enough.
Thin fire means might be just enough and may require calculations/budget.

This post has been edited by Ramjade: May 26 2022, 11:49 PM

Kindly check your pm. I send you a link to a telegram group full of people who does options.

Like I said just so many times. Just apply for margin. You don't need to use it. As long as your cash is positive, you will never be charged any interest for it for IBKR.

Actually better to stick to well known stock. More liquidity.
You don't need huge amount of you are doing stuff like iron condor, Bear put spread, bull put spread.

You. Need to do it from option page (i.e open up 2 order one shot)

???

You can close 1 leg, you can close both. Just select close position.

This post has been edited by Ramjade: Jul 31 2022, 05:02 PM

Selling options + dividend investing. Selling options allow me to do early FIRE than when I can actually FIRE if I were to depend on dividends alone. It's able to generate like 70-100% of my monthly salary per month.

Dividend is super slow and need huge capital. Take the premium from options with salary and buy.
1. Quality companies regardless if they pay dividends or not.
2. If they pay dividends, my criteria is at least 10%p.a raise in my dividend ls for past 5 years.

Options is basically like another me earning money.
Eg.
Me say earning RM10k/month
Options can help by contribute another RM7-10k/month
Dividends help by extra RM2100/month.

Above numbers are just example. You get the idea.

This post has been edited by Ramjade: May 15 2024, 07:20 PM

I don't look at %. I look at cash received. I aim USD350-700/week.
Youtube. YouTube taught me the basics. Rest is experiment with real money.

Whatever float your boat. These rules work for me but may not work for you.

Only do options on things you are willing to be bag holder of