What is the best options trade

What do you guys think is the best option trade to add income....butterfly, straddle etc..

I'm just looking for ways to add income to my account....just looking for ideas.

 

covered calls!

 

Look into call backspreads. I just found out by them today and I am very very intrigued.



Pro's


Limited Downside / Unlimited Upside

 

There's no best, and no strategy guarantees you income. In fact, looking from another perspective, you want to make a profit/income on every trade you make no matter what instrument you trade, so placing certain option spreads into this imaginary "income" category is ridiculous.

 

stay flat

options are negative sum -- even for MMs it is tough, imagine for you.

 

The best option strategy is the one that makes money!

 

I've heard of that strategy, but it's pretty hard to implement.

 

Anything that exploits the volatility crush after "big" reports.

 

IMO...selling naked calls or naked puts...of course if you have HUGE cash in your account

 

You just learned of this strategy today?

You have no experience using it?

You have no track record?

Yet you propose that someone else trade this strateg?

Do have the slightest idea how difficult it is for a retail customer to trade backspreads? No, of couse not.

It's very difficult. And costly. And not for a beginner.

Mark