Okay, so maybe that title is a bit bold, but I for sure have learned about Option Trading. I have not yet tried an option play yet, but I am chomping at the bit to do so. Will option trading I am hoping to increase my cash flow a bit more and have more earned income each month. There is a lot of money to be made by learning and utilizing option plays, but on the flip side there is a lot of money that can be lost. This is where I will need to make sure my greed doesn't get the best of me.

The idea of options trading is that you are making a contract stating that a bundle of stocks is going to be worth more or less than a certain value at a certain point in time. You can be on the buying or selling side of these transactions. Kinda an abstract concept if you have no clue what that even means! So that's why I decided to finally dig in and learn something new.

I started my journey by using this Intro To Options e-book that my friend Brady made. (That link I just listed is an affiliate link to his guide, so I get some bump back in case you choose to purchase and learn about the basics of Option Trading yourself.) Brady put together this guide for people like me who know nothing about Option Trading. I was literally at ground 0 when it came to this trading concept. I'm much more of a "buy and hold" investors so this is far out of my wheelhouse. But, through this great Intro guide I was able to grasp the concepts and examples presented to me.

I am now waiting for all my assets from M1 Finance to transfer over to Fidelity that way I have more to work with. Currently, I do not have the means to do options. I mean this in the sense that I either need more capital on hand or I need at least one holding that I already own 100 shares of. Which ever comes first, right?

There are ways to be extremely risky with options and make a lot of money, and there are ways to be extremely safe with options and make... er... less money. For me personally, I want less risk and less reward. That's just the style of investor I am. You guys know from my portfolio updates that I am not making huge speculative plays within any of my accounts. Heck, the riskiest thing I own is Bitcoin and that is sitting in a dormant account earning interest, SUPER SCARY right?

The goal with this extra cash is to pump it back into more income producing assets. I can really pump up some of my dividend paying holdings as well as beef up my interest bearing accounts. I'd be nice to see my monthly passive income reach $30-50 within the year. Of course, if it turns out I am somewhat good and disciplined with options and I make more money, these metrics could change! (Also, the inverse could happen, but let's pray it doesn't!)

I am hoping that as I learn and execute these options I will be able to post some interesting content about some of my wins and losses. Make sure to hold me to posting the losses that way I don't like those get rich quick people on Instagram and YouTube!