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Investors Alley by TIFIN

Trade of the Week: IONQ

In our 48-Hour Income service, last week we sold a put on quantum computing company, IonQ (IONQ). The goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks. IONQ had earnings coming out so its options premiums were higher than normal. We chose a strike that gave us a reasonable amount of downside cushion, while also generating roughly 2.5% returns in under 2 days. 

I met Patrick recently who was failing miserably as an investor. Suddenly, he stumbled on a stock ‘ranking’ software that’s made him $5M over the past 7 years. I asked him to recreate his approach for dividend stocks. You won’t believe the results here.

This post was originally published on InvestorsAlley