<Options Strategy> Sell at the money PUT

Sell at the money PUT, a strategy shared by Chicken Genius Singapore (CGS) was really brilliant.

I'm a safe investor in general and at most times, risk adverse person.

I have been studying and applying this strategy since introduced by CGS and result have been promising!

(ps, that's how I got into options investing)

Let me share what I did and by no means I am a financial investor, I'm just another guy on the internet trying to make a living and getting out of the rat race.

First, study a stock that you really interested in with great potential that you are willing to hold. This is important as anything were to screw up due to emotion or human error, you are still likely to be safe.

For me, I choose $PLTR because I love how the company is able to analyse and sort data with close proximity to the reality. Data is always the way to go when you don't have answers to the next step.

Next, I observe that every Tuesday to Wednesday, somehow the market tends to trade lower than usual and Friday higher than Monday most of the time.

Understanding these trend, I place my sell PUT on $PLTR for 1 - 1.1 month ahead, selling PUT for different price level from $26 strike price to $24, depending on how much you can take from each contract usually:

$26 - $1.30 - $1.50

$25 - $0.90 - $1.10

$24 - $0.65 - $0.77

Using the lower range and assuming 1 contract at each level (currently what I am doing now):

$130 + $90 + $65 = $285

And hold these 3 contact till expiry or close it early when the price is right.

Lastly, I repeat this every week to buy for the next week.

My current earning each week now still stands around USD $285.