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Anyone else hammering AEO puts?
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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.
ChatGPT
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
It is risky and you need to be very careful because you can lose everything overnight. Paper trade before using actual money.