Best and easiest strategy for consistent profits?

how much capital are you using to generate $500/wk?

 

$24,000 margin required.

 

Do not be fooled you can make $25k per anno with only $24k capital. Drawdowns should be much larger. There is no such free lunch you are seeking of.

 

Only rolling for a credit though!

 

First look for your edge, then design a strategy around it. There is no edge in "strategy" alone.

 

I think options are most difficult Instruments to trade, you can be right on direction and still lose. Never good to have a money goal, have a knowledge goal. I rather swing trade them over hourly charts.

 

Selling weekly SPX 10d puts is easy and consistent. Just need space in the garage for that Lamborghini.

 

You might want to take a look at TQQQ, SOXL,TNA, or TZA and see if you get more bang for your buck. They trade at a lower prices in case you are worried about early assignment and are triple leveraged - so more volatility. The options on them are liquid.

 

What you are trying to do (generate annuity-like consistent income using options on a microscopic capital base) is certainly impossible for a newbie.

Invest that $24k into starting a business or obtaining additional education to get a better job, and you can certainly get a $500/week raise… with health insurance to boot. My advice is to forget about the markets beyond building out a passive ETF portfolio for retirement.

 

Better hurry before we go into recession and the labor market loosens and AI comes and takes all the jobs away.

Getting into the skilled trades would be the best bet.