$2,700,236.92 Cash Income Over the Past Year

Over the past year, I collected $2,700,236.92 in cash income in my trading accounts from selling option premium.  My net income was less than $2,700,236.92 depending on the strategy employed. Selling option premium results in cash being credited to your brokerage account. I use several strategies listed below to sell option premium. All of these strategies are limited risk strategies and I can’t lose more than the cost of the option or spread. Copies of my brokerage confirmations showing the options sold to generate cash income follow.

 Option Income Strategies

 ● Buying a LEAPS call option and selling a monthly call option

 ● Buying a LEAPS put option and selling a monthly put option

 ● Buying stock and selling a monthly call option

Option Spread Strategies

 ● Buying a call option and simultaneously selling a call option with the same expiration date

 ● Buying a put option and simultaneously selling a put option with the same expiration date

 ● Buying a call option and selling a call option at a later date with the same expiration date to help protect profits

Market Neutral Strategies

 ● Buying a LEAPS call and put option and selling a monthly call and put option to create a market neutral spread

 ● Buying a call and put option and simultaneously selling a call and put option with the same expiration date to create a market neutral spread

 The stock market has been very volatile and unpredictable over the past year. Despite the volatility the S&P 500 Index is virtually unchanged over the past year. Selling option premium to create a spread is a great way to profit in unpredictable markets. A long call option profits if its underlying stock increases in price and a short option profits if its underlying stock decreases in price providing an opportunity to profit in up or down markets.