I like option trading, at least theoretically. Is it possible to make money to sustain yourself doing option trading? Or is it just too risky? I am just trying to find ways to learn and see if I can have a passive income.

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Seems like the best “passive” income is selling covered calls on stocks you don’t mind selling. Similar concept for cash secured puts. You can make a lot of money options trading but really need to have defined entry/exits, don’t be greedy, etc.

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ChatGPT

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Paper trade with the amount you think you need and then learn what you actually need. I only know one guy who option trades for a living on his own book, but he used to be a floor trader on the Chicago options exchange and has been trading options since 2003

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It is risky and you need to be very careful because you can lose everything overnight. Paper trade before using actual money.

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