3 Easy Options Trading Strategies for 2021
Don’t miss Friday’s complete Options Trading for Beginners video https://youtu.be/owZNEuYL_N0 😲 these are powerful investments and will help you not only protect your portfolio but boost returns. Which options trading strategies do you want to learn about?
Trading options is one of my favorite investments and despite the name, they can actually help you reduce risk in your portfolio. This isn’t like trading stocks, which is more like gambling, these are legit trading strategies that will protect your money and allow you to do things you never could with stocks.
In today’s livestream, we’ll start with a brief options trading explanation and why every investor needs to be using options strategies. I’ll then reveal three options trading examples perfect for 2021.
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Options are investments based on the share price of a stock. An investor pays a premium for the right to buy or sell a stock at a certain price at a certain point in the future. This allows investors to make leveraged bets on stocks and reduce risk with different strategies.
Reasons to use options trading include being able to get exposure to high-priced stocks like Amazon without paying over $3,000 a share. You can buy a call option for a few hundred dollars and get the same upside.
Options are also great for reducing your risk. You can lock-in the price you get for shares with puts or collect some cash on an investment now by selling call options.
The three 2021 options strategies we’ll look at today include the bull spread, covered call writing for cash flow, and getting shares at a discount with the cash secured put strategy. Make sure you watch Friday’s options trading guide for all five options strategies and how to use each!
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.