Publisher's Synopsis
This is a great time to let your now sit and grow in a high-yield savings account. Interest rates are 5%, and you can get around that on your money.
However, this will not always be the case. What happens when the Federal Reserve lowers interest rates?
Do you want to earn 1% or less on your money? Instead, you can sell covered calls to earn excellent annual premiums on your cash.
Of course, the options markets introduce more risk to your capital, but you control your narrative.
I would like to compare how much I earn with an HYSA versus selling a covered call. That will help me stay in the right mindset while trading options.
If you can control your emotions, options trading is a great way to boost your returns. Good Luck!
