| Now that I'm older, while I still like to swing for the fences once in a while, my priority for my investments is generating income. Over the past decade, I've increasingly used options to generate income with various strategies, including (but not limited to) covered calls and naked puts. A covered call is when you own a stock and sell a call on it. In other words, someone is betting that the stock will go higher. When you sell the call to them, you get paid immediately. If the stock goes higher, you may have to sell your stock at the higher strike price, but you keep the money you got from selling the call. If the stock pays a dividend, you can also continue to collect those dividends while you wait, which further boosts your return. Then there are naked puts. When someone is worried about their stock going down - or speculating on a fall - they'll buy a put. If you sell them a naked put, you are agreeing to buy that stock from them if it reaches the strike price. (In options trading, "naked" simply means you don't own the stock already. "Covered," as in covered calls, means you do own the underlying stock.) Let's say you're interested in buying a stock, but only if you can get it at a 10% discount. You could sell puts on that stock with a strike price 10% below the current price. That means if the stock drops by 10%, you will likely get to buy 100 shares of the stock at your target price. You also got paid for selling the put, which lowers your effective cost even more. If the stock never drops to your target price, you still keep the money you received upfront when you sold the puts. There's also a third strategy that I don't have time to get into today. It's one of my favorite ways to trade options, because it puts money in my pocket immediately and keeps a tight limit on my risk. I have a special event today that will show you how my readers and I target hundreds or even thousands of dollars a week using this conservative strategy. We've been making these trades every single week for about six months, and we've recorded a 95% win rate. If you need income today and can spend 5 minutes a week making a trade, tune in to my special event, Five Minutes to Financial Freedom, at 11 a.m. ET, to get all the info. It's absolutely free to attend. Click here to sign up today. I've come a long way since spending my weekends in the library. The time was well spent, as I now have a number of ways to put extra cash in my pocket. Had I sold options 35 years ago, I could have gotten out of that dumpy apartment a lot quicker - and eaten a lot less ramen. Good investing, Marc | 
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