Show 49 - Options Trading to Expand your Portfolio with Austin Bouley
In this episode, I talk with Austin Bouley from Options Auto Trader about how you can use options as one strategy in your portfolio to pad your retirement.
9/4/20241 min read
Are you worried you won’t be able to make enough money to retire? That is a common concern for many in America. It doesn’t have to consign you to work for the rest of your days though. There are strategies to increase the return on your portfolio without dramatically increasing your risk profile (how risky your investments are overall). One such strategy is selling cover call options. If you’re interested, check out this episode with Austin Bouley!
Key Ideas
There are many different strategies when it comes to options trading from buying to selling, from calls to puts, and so much more. Know the difference before using it.
When you sell an option you are acting as the insurance agent for someone else’s stock, so you get to collect premiums (income) on that option contract.
Options trading is inherently more risky than buying and holding regular stock.
There are safer ways to get exposure to options trading in your portfolio, such as buying a covered call ETF (someone else manages it and pays you a dividend).
Show Notes
Tasty Live: Broker with Options Trading Educational Material
Options automation software (Options Auto Trader) optionsautotrader.com
QILD (covered call ETF) Information