Does anyone here exclusively trade SPY or QQQ? I’m looking for some inspiration on how to trade these ETFs for some income profitably each month

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I do options more than 1 month out on SPY and QQQ in addition to hanging on to some stuff, eg MSFT since 2020, VOO, etc. I try to get some decent gains then roll into something else.

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Can you explain that in detail please? I'm a novice but eager to learn.

Covered calls or sell puts for premium. Nothing too complex. Market has its own mood swings. Just make sure you can afford it and don’t get greedy

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EY1 -Options are a form of derivative. It’s a zero sum trade and comes with inherent profitability possibilities and risk. The option premium that you received (ie sold) comes with financial contractual obligations

It’s best to get educated on options. Before seeking advice from forums.
Just look out on YouTube - covered calls, options basics, call and put options. Etc.

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Aim to understand everything Cem Karsan says. You’ll be set.

He is a regular guest at traders unplugged and Schwab YouTube channel. He was a former market maker at GS representing 10% of SPX options volume.

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