California E&S Insurance

Selling puts are not playing with it. Assuming he only uses $1,000,000 to sell monthly 7% cash secured puts on SPY (In the past 70 years only 5% of time SPY closed -7% in one month). He can net more than $9000 per month. And doing so has lower risks than holding SPY since even if he gets assigned, he will have lower cost basis due to premiums received

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