Last month I wrote how to make some easy money by selling a put option for Teck Resources. The option expired several days ago and I made $48. Cool beans! Since my trade was successful I decided to do it again. So after the option expired I sold another put option for TCK.B for the strike price of… Read More »
I just sold my first covered call this morning 🙂 The proceed was deposited into my trading account and I am now $68.76 richer, yippee! I should do this more often (^_^) What does it mean to sell (or write) a covered call option? A “call option” is a contract between a buyer and a seller where the… Read More »
I recently wrote about wanting to try options trading. There are different kinds of options. The strategy I’m explaining today involves selling an uncovered put option. Earlier this morning I submitted an order to sell one $0.60 put option for Teck Resources. Unlike stocks, options have an expiration date so we can’t hold them forever. My TCK options contract ends on June 21st so I’ll post an update… Read More »
Thought I’d share another helpful tip from the recent seminar I went to 😉 If we think like the rich, and act like the rich, then wouldn’t it make sense that eventually we will become the rich? Yup, I think this makes a lot of sense 😀 For example rich people don’t say “I can’t afford that.” Instead, they ask… Read More »