Supplement retirement income

[aplino]

I am looking for ways to supplement my retirement income with low risk.
I have a trading account with $200,000, and I know the basics on options ( covert calls, cash secured puts, vertical spreads, straddles, strangles)
I have been trading stocks very lightly for years with no consistent results.

I would be happy with a 20% return.

I would appreciate any suggestions on how to approach this task and how to educate myself more on this matter.

Aplino

 

[gkishot]

I am looking for ways to supplement my retirement income with low risk.
I have a trading account with $200,000, and I know the basics on options ( covert calls, cash secured puts, vertical spreads, straddles, strangles)
I have been trading stocks very lightly for years with no consistent results.

I would be happy with a 20% return.

I would appreciate any suggestions on how to approach this task and how to educate myself more on this matter.

Aplino

There is no such thing as 20% stable income with low risk.

 

[Scataphagos]

There is no such thing as 20% stable income with low risk.

Ditto!

3 Billion investors on this planet would sell their soul and their first born for a guaranteed 10% return in today's markets.

 

[Scataphagos]

I am looking for ways to supplement my retirement income with low risk.
I have a trading account with $200,000, and I know the basics on options ( covert calls, cash secured puts, vertical spreads, straddles, strangles)
I have been trading stocks very lightly for years with no consistent results.

I would be happy with a 20% return.

I would appreciate any suggestions on how to approach this task and how to educate myself more on this matter.

Aplino

You can learn how to "trade your way to a 20% return" with a proper understanding of Price Technical Analysis. (Don't listen to people who claim "TA doesn't work". They are wrong. It does.)

 

[Rob_rob]

Whatever you do watch out for Kinetick, no matter what they say they have no free options and will swallow your money like a black hole.

 

[aplino]

What about if I sell 30-35 days out, covered 30 delta SPY calls and if I get assigned start writing cash covered 30 delta SPY puts?​

 

[aplino]

I wish I knew how to back test this approach

 

[Scataphagos]

What about if I sell 30-35 days out, covered 30 delta SPY calls and if I get assigned start writing cash covered 30 delta SPY puts?​

Doubt you'll ever make more than tiny money by selling options. Yes, high percentage of wins in a raging bull market, but small money.

And if you go for "selling options naked" on leverage, you're risking wipe-out.

 

[aplino]

I will sell cash covert puts to re-establish the SPY position. I think they name this "wheel strategy"

 

[Scataphagos]

I will sell cash covert puts to re-establish the SPY position. I think they name this "wheel strategy"

It's a "small profit potential" play with more risk than you realize should you be exercised.