IWM is a cash machine for me so far. Sold 2 contracts today for $230 which will take me closer to making $2000 for my 30 day window.
I now have a full “spread” of calls at the strikes I like so the only thing left to do now is wait. If IWM falls in value, I will buy back my calls and if it rallies, I will sell at these pre-determined prices and return to cash in my portfolio.
I will probably do one more post on these trades in March, I did it to share one example of how I generate cash flow for my investment portfolio. Of course, this is just one part of a very diversified portfolio of bonds, stocks, cash, real estate rentals, precious metals, currencies, and other investments.
Share The Wealth
Did you learn something useful from this series? Let me know in the comments below.