The casino and the landlord
In 2021 a wave of retail traders learned options as lottery tickets. On the other side of those trades sat a quieter investor: the retiree selling covered calls and cash-secured puts, renting out patience for income.
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Essays and practical guides filed under income options.
In 2021 a wave of retail traders learned options as lottery tickets. On the other side of those trades sat a quieter investor: the retiree selling covered calls and cash-secured puts, renting out patience for income.
A dividend, Treasury payment, annuity check, and option premium may look alike after they land. The risk, obligation, or lost flexibility behind each payment determines whether it helped.