One of the questions we get asked the most is, “Can I make a living trading options?”

In fact yes, you can and there’s something for every trader. 

Options have many different strategies and easily fit into the many different lifestyles and preferences of traders.

Want to supplement your monthly income or boost your retirement fund but don’t want to sit for hours and hours in front of the computer?  You may want to just simply trade the trend with calls and puts.  Trading calls and puts are also great if you’re starting out and you don’t have a large account size, yet you still want to trade the markets movers and shakers.  Options provide a way to trade the bigger name stocks without the huge price tag.

For those traders who prefer a faster pace, they may prefer the options strategies to day trade.

Are you the type of person who’s interested in stock ownership but hates the idea of paying face value for the stock?  A put-selling strategy is one of the most effective options income strategies. In fact, Warren Buffett, the most famous investor in the world, uses a put-selling strategy to purchase stock.  Years ago, Buffett did just this with Coca Cola stock.  He sold 50,000 put options (which represents 5 million shares) with a strike price of $35 for $1.50 per share, making $7.5 million immediately.  If the price dropped sufficiently, he would be forced to buy Coke stock for $35 per share, a price he liked.  If the price rose, barely moved or traded down slightly, he would still profit $7.5 million no matter what happened.

Already own stock and want that stock to pull a monthly income while you wait for the stock to continue to gain value?  You may want to check out Covered Call Explorer and learn how to trade covered calls.

What all this boils down to is that you can be a successful trader and replace your day job with trading but there is a caveat.  You still have to have a proper education in order to successfully make a living trading options.

Robert Roy, Wealth Builders HQ founder and CEO, has guided thousands of students to become financially free trading options.  You too can get a solid foundation with Trading U and be on your way to a whole new life.

With options being so versatile, and with the correct education, you CAN make a living trading options.

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