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Old 05-09-2016, 02:14 PM
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Originally Posted by poorguy View Post
I sell 4 contracts of [email protected] put options for about $100/contract. It is not a naked put option as I have to put aside 40k in case the options got called which happened before and I had to buy the stocks. Which I then sell call options as covered call.

Other than Uber, any other suggestions to share?
Different poster.

This is like playing with CFDs, win some lose some. I won't classify that as additional monthly income. 40k too small to make passive income, best way is to take up additional jobs like driver, property/insurance sales, tuition, blog shops etc.
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