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Selling NFLX Weekly Options for Passive Income 2020
On Nov 23rd 2020, a 100k account was dedicated for the demonstration of selling NFLX weekly options for income. Below you will find all actions taken in NOVEMBER 2020. Click the links below to keep track of actions.
November 2020 actions
NFLX Week 1 ending 27NOV2020
We Start the first week off by collecting $1014.81 in total credit from selling weekly options for income. These derivatives currently have time value only that expires 27Nov2020
The Breakdown
Winner$ Lane
- To achieve our passive income goal out the money options are sold using NFLX stock as the underlying asset.
- Advance technical analysis techniques are used to determine the option selling strike price.
- For hedging and risk mitigation purposes. We purchased long dated calls and puts.
- Our current weekly option sales currently have a 99.7% chance of expiring worthless this week.
- The long dated hedges create additional confidence for protection and peace of mind. $3,580 total spent on hedges .
- Options lose time value exponentially. This means there will be little effect of time decay on the NFLX long dated option hedges compared to our short term NFLX option sales.
Bang Bang Money-Game 4LYFE
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