Supplement retirement income

I am looking for ways to supplement my retirement income with low risk.
I have a trading account with $200,000, and I know the basics on options ( covert calls, cash secured puts, vertical spreads, straddles, strangles)
I have been trading stocks very lightly for years with no consistent results.

I would be happy with a 20% return.

I would appreciate any suggestions on how to approach this task and how to educate myself more on this matter.

Aplino

 

There is no such thing as 20% stable income with low risk.

 

Ditto!

3 Billion investors on this planet would sell their soul and their first born for a guaranteed 10% return in today's markets.

 

You can learn how to "trade your way to a 20% return" with a proper understanding of Price Technical Analysis. (Don't listen to people who claim "TA doesn't work". They are wrong. It does.)

 

Whatever you do watch out for Kinetick, no matter what they say they have no free options and will swallow your money like a black hole.

 

What about if I sell 30-35 days out, covered 30 delta SPY calls and if I get assigned start writing cash covered 30 delta SPY puts?​

 

I wish I knew how to back test this approach

 

Doubt you'll ever make more than tiny money by selling options. Yes, high percentage of wins in a raging bull market, but small money.

And if you go for "selling options naked" on leverage, you're risking wipe-out.

 

I will sell cash covert puts to re-establish the SPY position. I think they name this "wheel strategy"

 

It's a "small profit potential" play with more risk than you realize should you be exercised.