I was thrilled to see this trade drop to a nickel

I think teaching by example is one of the best ways to learn. That is why I like to break down in detail some of the trades I have made so you can see exactly how they worked. This is especially useful when it comes to things we are not used to, and for most people, “selling options” are definitely a new topic that takes some time to understand. The concept of trying to collect option premium is something I feel every trader should have a grasp of.  It is one of the few times in your trading journey where you will actually have the odds stacked a little in your favor. Trading is hard enough, I don’t know about you, but I will take every little edge I can get! Here is how the basic strategy works for me… I want to find strong stocks in uptrends, and sell options that are below the current stock price. As long as the stock stays above the price I sold the option on – I am a winner! If it goes below that level, my trade will turn into a loser. But here is the deal… most stocks that are in an uptrend, tend to stay in an uptrend, right?  If you sell options 10% lower than the stock is right now, would you generally agree that is a good bet? (HINT: It is a great bet!) Let me walk you through an example trade I just wrapped up on Friday last week. I sent out the following note to my Wall Street Bookie members a few weeks ago: I then walked them through how I set up the following trade: Quick note… you always want to sell the more expensive option and buy the cheaper one if you want to capture option premiums (I teach this all the time, don’t worry if it doesn’t make sense yet!) Here is a price chart to show you what I thought at each point during the trade. By the way, one of my favorite things about this style of trading is that I don’t need to “babysit” my trading. I will typically be in this trade for at least a week, so I have plenty of time to let it develop. If you notice in the chart above, the BTU trade actually went against me for a few days. This stupid stock dropped about 20% shortly after I got into it. The stock market makes “mean moves” like this sometimes. When I am selling option premium, I have the confidence and ability to ride out temporary swings against me, which is exactly what happened in the case above. If I were in the stock or calls directly, I would have been a loser (I actually did have calls on this trade, and I did lose on them! grrrrr) By selling the options, however, I simply let time continue to work for me and then when the stock finally rebounded for a few days I, was able to lock up a great win. Of course, here is what the email update to my members looked like so everyone knows what my plan was: And then again, with an app alert before I decided to close this out: When it comes to selling options, you can only make 100% profit (that would be 100% of the amount you collected when you set the trade up) On Friday, this trade was worth only $.05. I received $.60 when I set it up, so there wasn’t much more I could make on it. Risk/reward tells me to lock in the win, so I did! Here is the math on how that worked out: As you see in the account screenshot above, I “borrowed” 38 contracts, sold them to someone else and received $.60 each = I received $2280 on the day I set this up. When the contracts were $.05, I bought them back (90% cheaper than I sold them) and paid back the person I “borrowed” from originally. The difference between $.60 - $.05 = $.55, so that means I made $2090 profit on the amount I started with. Pretty neat “trick” for just a few days' worth of work, huh? 😉 I typically make several [new trades like this every month](. I just set one up on SNOW (one of my favorite stocks to sell options on) last week. Tomorrow, I will make at least ONE NEW TRADE in my exclusive live training session for Wall Street Bookie members. Jason and I do this every Tuesday, so you can mark your calendar for it. 🗓️ Being a member of Wall Street Bookie is not just about getting [great option selling ideas]( along with our full game plan for how we want to trade them, it is the best place for you to get direct access to Jason and I and ask all of the questions you have. This is a skill I have developed over more than 20 years, and I am really good at putting it into practice and also teaching to others. I’d love to have you on the “Bookie” team with us. Right now, we have a [big discount for members of my existing services](.  You can unlock a full year of access to everything in the Wall Street Bookie program for an amazing deal. If you can learn to sell options this year successfully, I think you will set yourself up for a lifetime of dividends from it. Make this the year you start to put the odds in your favor. Take advantage of this tremendous opportunity to become a member of the [Wall Street Bookie family today]( – you’ll be glad you did! [>> Put the Power of Option Selling in YOUR Favor <<]( Jeff Bishop Text “RAGE” to 1-888-404-5747 to get exclusive trade alerts & offers [🧑🎓 Forget everything you know about influencer marketing]( * sponsored content [🧑🏫 So You Want To Be A Trader? Watch Ben Sturgill walk through what to expect.]( [🔨 Things May Need To Break Before They Get Fixed]( RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Manage your email subscriptions.]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment. RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securitiesregulatory authority, or any self-regulatory organization. WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and itsemployees may purchase, sell, or hold long or short positions in securities of the companies mentioned inthis communication. If you have a current active subscription with Bullseye Trades you will need to contact us if you want to cancel your subscription. Opting out of emails does not remove you from your service at Bullseye Trades. In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.