Maximizing Cash Flow using Options

Eric Burliegh will be in Orlando teaching a sold-out Market Timing class. I asked what his favorite topic would be for our Meetup and he suggested Maximizing Cash Flow using Options.

I know from our first Meetup, which was about trade plans, that several members are successfully generating cash flow using options. I would like to encourage everyone to attend this Meetup, including the options pros. I think it would be very helpful to those just starting out to hear several strategies for generating cash flow trading options.

By the way, you may not realize it but options settle in one day, as opposed to stocks which take 3 days. This is not a big deal in your margin account, but in your IRA it's a huge benefit. I'll be chiming in on how I day-trade my IRA (every day) using options.

Bring a friend!

Mike Siewruk, Organizer

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  • tallie h.

    looking forward to becoming a active part of your trading community. my goal is to become an expert in a couple strategies in cash flowing options.looking forward to being with like minded people and with a wealth trading known how .

    November 20, 2013

  • Les H.

    Clifton, I started doing Bull Put Spreads a few months ago on the SPY weeklies, and it's been working like a charm. (I'll bring copies of a 1-page "cheat sheet" I put together on the strategy for whomever would like it.) Looking forward to hearing what other strategies folks have been using to generate cash flow, especially using weeklies (e.g., calendars, Iron Condors, etc.). Also curious as to what earnings announcement strategies folks have found profitable (e.g., straddles/strangles).

    November 18, 2013

  • A former member
    A former member

    This is great! I didn't know this group was out there. I currently trade only stocks but would love to develop ways of creating enough income with stock options that I could do that full time. I'm starting to research bull put spreads using weeklys. I have a lot to learn and I'm looking forward to meeting others of like mind and interests. Thanks Mike, for putting this group together.

    November 18, 2013

  • Les H.

    In addition to doing Covered Calls on an underlying, we might also talk about a possible preliminary step of Selling Puts on an underlying (instead of buying the underlying outright) as way to generate income until such time as the underlying gets put to you. Whenever the puts get exercised and you're "forced" to buy the underlying (at the attractively low strike price), you can then begin selling calls on it.

    1 · November 7, 2013

  • Saat

    Hi Mike, I currently trade forex, I need to learn how to trade options. Do you think you can help to get started trading on my own? thnaks

    November 4, 2013

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