'Unlock' Your Brokerage Account to Start Collecting Income Today

Over the past few days, I've been discussing my favorite income generation strategy for this type of volatile market... It involves collecting upfront cash while at the same time taking advantage of the fear of other investors. I'm talking about selling put options. Specifically, selling put options on high-quality stocks that you would want to […] Not rendering correctly? View this e-mail as a web page [here](. [Empire Financial Daily] 'Unlock' Your Brokerage Account to Start Collecting Income Today By Enrique Abeyta --------------------------------------------------------------- [The EV Story No One's Telling]( Forget batteries, energy storage, charging stations, chips and everything else you've heard about Electric Vehicles... Because the biggest EV story everyone's missing is THIS. It's a brand new asset that the International Monetary Fund claims should rise 24,900%. [Just click here now to find out how to stake YOUR claim in this secret asset today](. --------------------------------------------------------------- Over the past few days, I've been discussing my favorite income generation strategy for this type of volatile market... It involves collecting upfront cash while at the same time taking advantage of the fear of other investors. I'm talking about selling put options. Specifically, selling put options on high-quality stocks that you would want to own and picking the price you'd be happy to pay for them. In simple terms, you're entering into an agreement to buy something that you want to buy anyway for a set price at a set time. The seller enters into the agreement – paying you – because that gives them a "floor" on the price. If the price of the item never goes down to the price you want to buy, you simply keep what they paid you for the contract... and the trade is over. If the price does go down to the price you set, then you have to buy it at that price... but you still get to keep what they paid you for the contract. This way, you get the item at an even better price than what you were willing to pay! Additionally, one of the most critical components to trading options is considering your position size... As I've discussed this week, each contract controls 100 shares. So if you're selling puts on electric-car maker Tesla (TSLA), you might be on the hook for around $15,000 per contract you sell. On the other hand, if you're selling puts on a lower-priced stock like chipmaker Intel (INTC), each contract might only require you to put up $2,500 or so. Don't take on more risk than you are comfortable with, and always size your positions in line with your risk tolerances. If your normal position size for buying a stock is $5,000, trading options on Tesla probably isn't right for you... and you probably shouldn't sell more than two contracts for Intel. Position sizing is one of the keys to both trading and investing. --------------------------------------------------------------- Recommended Link: [Our Top Trading Strategy for 2023]( Forget stocks, bonds, or crypto... [We believe this trading strategy will be our best-performing this year](. --------------------------------------------------------------- And when it comes to options, putting on these types of trades requires a few extra steps with your broker before you can begin... It should only take a few minutes, but you'll need to fill out a form on your broker's website. (If you're not sure about any questions on the form, it's best to give your broker's customer service department a call.) The form will ask you some basic questions like how many years of experience you have in trading, whether you've traded options before, as well as your annual income, net worth, and investment goals. You need to be specific about what kind of options you'd like to trade. For the trades I've been discussing, you should ask specifically for approval to sell puts and covered calls (another income strategy we don't focus on much in Empire Elite Income). If you're not approved at first, it's your broker's way of protecting you and saying, "I'd like to make sure you know how to trade options before I let you start selling puts and calls right away." In theory, there's a lot of potential to lose money trading options if it's not done the right way... When options trading just started, lots of folks who didn't know what they were doing lost money and sued their brokerage firms for millions of dollars, claiming they shouldn't have been approved in the first place. In order to protect themselves, brokerages have laid out several measures to ensure that people trading options understand the risk involved... and firms protect their customers by ensuring that folks' investment goals are in line with the methods they use to achieve those goals. In order to demonstrate your option-trading abilities and earn the right to sell puts, you'll likely have to trade a couple of covered calls for a few months and then reapply for approval to sell puts. Almost everyone who reapplies after doing this gets approved the second time around... But if you don't, you'll have to try a different broker. When you request approval to trade options from your broker, you'll be assigned a "level" of authorization. These typically range from Level 1 to Level 5. The levels correspond to your options trading experience and the level of risk you're willing to take on with your options trades. For selling put options, you'll need Level 3, 4, or 5 approval, depending on your broker. Once again, if you have any questions, it's best to call your brokerage's customer service department. Once your brokerage account is "unlocked," you're on your way to start collecting income with selling puts. This strategy is powerful – and when done right, you can start racking up some serious gains... Just consider how we've done in my Empire Elite Income service – in the first two years of publishing, we've closed 58 trades... - Of these, 44 (76% of these trades) were puts that expired worthless – the underlying stock closed above the strike price by option-expiration day, so we kept the income we collected up front and the trade was done. - Seven (12% of these trades) were puts where the underlying stock closed below the strike price by option-expiration day, so we were assigned shares... which we later sold for a profit, and - The last seven (12% of these trades) were ones that didn't work out and we sold the stock for a loss. Over two years, that's an 88% win rate. Right now is the perfect opportunity to take your trading to the next level with Empire Elite Income... Find out how to get instant access – including a limited-time offer for 75% off two years – [right here](. Regards, Enrique Abeyta February 10, 2023 --------------------------------------------------------------- If someone forwarded you this e-mail and you would like to be added to the Empire Financial Daily e-mail list to receive e-mails like this every weekday, simply [sign up here](. © 2023 Empire Financial Research. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Empire Financial Research, 380 Lexington Ave., 4th Floor, New York, NY 10168 [www.empirefinancialresearch.com.]( You received this e-mail because you are subscribed to Empire Financial Daily. [Unsubscribe from all future e-mails](