(05-09-2017, 07:41 AM)crimsonghost747 Wrote:(05-09-2017, 05:33 AM)NilesMike Wrote: Why not stick to better companies and sell some options to increase your yield?
I'm not exactly comfortable trading options yet... but I'll take a look when I have the time to see if there is a strategy that would fit my needs. I don't have a lot of time to spend on it and I want it to be pretty safe... and of course keeping those two things in mind, I don't expect to make any huge gains. Any strategy that would more or less fit into this train of thought?
If you have enough shares (100+) you could sell Out of The Money calls. If you wish to own more shares you could sell OTM puts.
Your best days to sell calls are after an up move and sell puts after a down move.
The details of when, which etc. are all up to you, your risk tolerance, goals and wallet.