For covered call selling (aka PMI) lovers: UNG offers 5% a month on at-the-money calls. Be careful though, it can move fast. For those who is new to nat gas: storage is like 40% above 5-year average, but production is falling and demand is EXPECTED (translation: it is speculation) to rise. Hence high implied volatility, reflected in the high option premium. 0834 ET - U.S. natural gas futures are extending last week's bounce off technical support, backed by LNG feedgas demand and prospects of more power-sector use as Texas weather heats up. "If LNG can edge higher, a boost from laggard Henry Hub physical pricing may reinforce upward momentum for Nymex gas," Eli Rubin of EBW Analytics says in a note. Also supportive is the decline in natural gas rigs, which fell by 3 last week to 102, according to Baker Hughes. "Producers have shed 19 rigs in 11 weeks, and the trend is likely to continue," Rubin says. Natural gas for June delivery is up 1.9% at $2.183/mmBtu. (anthony.harrup@wsj.com) P.S. I have a large position in NatGas and am losing big $ today on the three-day runup 😪. I have been biased short thinking the spike last week was a short covering and will exhaust itself.

Previously I made about $3,623 on MSFT ~ 11 weeks. Today, I collected $550 premium by selling a put on MSFT with 2/16/24 expiration. Accummulatively I made $4,173. Thanks Eric!

Verticals 16/17 Sep 18 exp go for. 33.

I am going to send 50K over to IBKR to start doing the wheel strategy in the New Year. Want to get brave and work smart and hoping that I can make this thread for beginners to find help starting. A place that we can mutually discuss the 'best ticker' to buy a PUT and when and why. Discuss the strategy, entry price and details to start the wheel and have all of you amazing experienced people assist. Is this possible?

As this year is coming to an end, some people including my wife is already thinking about 2025. While the interest rate was high in the last 2 years, my wife mainly had $100K in term deposits (GIC) yielding a high return of 6% (risk free). As the Bank of Canada is lowering interest rate, the interest rate on guarantee certificates/term deposits (and even private lending) is coming to an end. ​This prompted her to look for higher return strategies - one of which is monthly passive income in Investing Accelerator. In 2025, I will start using the monthly passive income strategy for my wife to boost her income. This will give her an extra $3,000 to $5,000 a month. While she is still on maternity leave with our second child, this gives her some spending money to buy nice things (aka Chanel bags). Just kidding - she already has enough of those bags - I am sure. ​Ultimately, the monthly passive income strategy will significantly boost her income. With her senior manager's salary, she has a high income already. ​​Combined with an extra $3000 - $5000 from monthly passive income, this means she will also need to find ways to reduce her taxes. By earning a higher income, she can now contribute the maximum amount to retirement accounts ​(which will allow her to delay capital gain taxes for many years to come). ​​​​​​​​​​​​​​​​​ The vision here is that once her monthly passive income grows to $200K to $250K - it will be sufficient to replace her income.. Then, she will be financially free as well. Only work when she wants to.​ Cheers, Eric --- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In November, my goal is to help 15 people without a financial background to master investing through Investing Accelerator. Investing Accelerator is designed for people without a financial background. The goal is to achieve 30% return per year. In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth.