Penny stocks are my first love because I think the retail trader has an edge. Which is precisely why I like selling options too, NOT buying them.
Now if the only thing holding you back is not understanding the 'WHY' behind selling options, I'm confident you'll join me on this $2,000 Journey after reading this short story.
Options act as insurance on stocks. Bob has a big stock position in TSLA, but Elon Musk has been unpredictable lately, so 'Bob the buyer' buys put options out a month to protect against 'unpredictable Elon'. Meet 'Bob the buyer' 
And 'Bob the buyer' knows a thing or two about 'buying' insurance. His big stock position in TSLA isn't his only big investment. Bob owns a home too, so he went to State Farm and 'Bob the buyer' bought monthly home insurance for $100. 
Now meet State Farm agent 'Sally the seller' and retail trader. 
Sally is the State Farm agent who sold 'Bob the buyer' his home insurance. Sally also likes to trade on her lunch and because she knows a thing or two about probability, unbeknownst to her, sold 'Bob the buyer' those puts options out a month. Bob goes about his business and the month flies by.  TSLA stock price ends up going slightly higher that month, which is great for 'Bob the buyers' big stock position. But those put options out a month, 'Sally the seller' collects the premium Bob paid. The insurance expired worthless. And if Elon acts unpredictable again, Bob feels okay about buying put option insurance out another month. During that month, neighborhood kids broke a window at Bob's house. 
But because Bob has a deductible, Bob's insurance doesn't cover the $300 cost. 
Nothing else happens to Bob's house that month, so again, 'Sally the seller' collects Bob's full premium. The insurance expired worthless. Bob wants his house to be safe, so he's okay to pay the monthly premium again. What 'Sally the seller' knows from being a State Farm agent is that most monthly insurance premiums expire worthless and that's one way she at State Farm makes big money. 
Sally also knows most options expire worthless, so she likes to play probability in the stock market too, acting as the seller of options, afterall, they are insurance contracts with expirations, just like home insurance. Bottom line, 'Sally the seller' collects the full home insurance premium in multiple ways: Same for the TSLA put option insurance Bob bought: 'Sally the seller' collects the premium if the stock goes slightly lower She collects if the stock goes sideways And she collects if the stock goes up
'Bob the buyer' can only use his home insurance if something devastating happens and the same is true for the put options he bought. Who has the probability? Bob the buyer or Sally the seller? 
Which brings me to Warren Buffett.
Do you know what Warren Buffett's favorite investment was?
Hint: it's not Coca-Cola, Wells Fargo, Chevron, or even Apple.
Although all of those have been great investments, he told Forbes:
"My favorite investment… is GEICO, which I learned about when I was 20 years old."
Which makes sense considering GEICO has increased between $29-53 billion since he acquired it.
How does an insurance company make that much profit?
It's because they're in the business of SELLING contracts (aka an insurance policy) that they know will most likely expire worthless.
So the customer gets "peace of mind" while GEICO gets profit.
The same dynamic are at work when it comes to trading options…
You can either be a BUYER or SELLER of option contracts.
And since 77% of option contracts expire worthless when held to expiration, the odds are in favor of sellers.
In other words, when you sell options you're like GEICO selling contracts to their customers.
Of course, there's more to it than that…
Which is why my friend Jeff Bishop, who is an excellent teacher, taught me his Wall St. Bookie strategy he uses to do this. And just recently we announced teaming up to teach it to you.
And since you're already a reader of mine, we're going to hook you up. Not retail $2,499. Not $1,999 or even $1,499.
>> Click here to get your discount now
Subscribers learn:
The $2,000 Journey awaits you.
P.s. I forgot to mention... DOUBLE the trade alerts now that Jeff Bishop is on board so not only do you get to learn from the Journey with me, but my mentor and his alerts too.
P.s.s. Watch today's 45-minute $2,000 Journey training after you join.
What Journey?
On Tuesday January 3, 2023 I started a $2,000 'Journey' using my popular Wall St. Bookie options selling strategy.
In a nutshell I allocated the full $2,000 into trade one and what is left, I roll into trade 2 and so on. There's a good reason for this, so keep reading.
The first trade is in the books +52% +$492.
Journey balance $2,492 for trade 2.
My first trade was 14 contracts of AAPL -$135 / +$133 bull puts for $.68. A bull put is when you SELL puts to someone buying them. Have you ever had the options you bought expire worthless on a Friday? The seller made money.
Text (RagingBull APP) to subscribers:
As you can see I opened the trade on 1/4/23 at $.68 and closed it today on 1/6/23 at $.34.
14 contracts X 100 shares per contract = 1400 1400 X $.68 (my entry) = $952 potential profit
$952 is how much I could have made on this trade.
14 contracts X 100 shares per contract = 1400 1400 X $1.32 (my risk) = $1,848
$1,848 is how much I could have lost on this trade.
So I was using $1,848 to try and make $952.
What's important to note is at the onset of this trade my probability of winning the trade was much higher than the buyer of those puts. See, the buyer of those puts can make unlimited gains if AAPL crashes and as you can see, the seller (me), was capped at $952. So why would anyone sell? Because the seller gets high probability in exchange for limited upside.
And it's that high probability of winning that helped me go 47 out of 50 recently.
Which got me thinking.
Because this strategy can sometimes have a high probability of winning, what if I took $2,000 and kept investing those proceeds, rolling the full amount into each subsequent trade, better or worse?
Text (RagingBull APP) to subscribers:
Sunday night I plan to issue my next trade plan. Then come Monday, my plan is that I'll alert subscribers via text (RB APP) and email before I enter the trade just like I did with AAPL above. Same when I exit, you get alerted before I close the trade. For my subscribers, of course.
I'm not sure how this will end. Trading is risky and nothing is promised. But I'm obviously hopeful and optimistic it'll go well. But the reality is it could go bust too. I picked $2,000 because it's a number I can live with if it goes bust. However, if I'm able to put another big win streak together like my recent 47 out of 50, I'm honestly curious to see what happens to that $2,000. I'm not afraid of losses because I think those lessons I learn and share are as important as the wins
I'll keep you posted daily on how it's going, good or bad.
But if you'd like all the education and alerts before I enter and exit, so you too can see these trades and learn in real-time, I'm doing ongoing training each weekend and every other Tuesday. But it's only for 'Journey' subscribers.
Members can → watch this morning's training here.
If you'd like to understand the mechanics behind selling options and my $2,000 Journey, it's included in a regular Wall St. Bookie membership, which I co-manage with my trading mentor Jeff Bishop.
If this sounds like something that really interests you, I get it, it really interests me too.
Click here to join Bookie and learn from my $2,000 Journey
Then click here to watch this morning's 45-minute training detailing the week ahead. Leave any questions in the comments section below the video. 
Jason Bond
 Text "RAGE" to 1-888-404-5747 to get exclusive trade alerts & offers | 
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