The first rule of selling puts is that you only sell a put if you are willing to own shares of the underlying stock.
The Fed did what was expected and raised interest rates by 0.50% and said they’d continue to monitor the situation. They kept the language neutral, which the market liked and had a one-day rally.
Volatility is NOT Risk
Last week culminated in a nearly 1,000-point loss on the Dow on Friday. It was also the third week in a row that the S&P 500 lost at least 1%.
We booked six winners in March, earning $320 in income. In the latest Options Income Blueprint Weekly Income Report, I discuss last week’s trades and how we will trade in the upcoming earnings season.