Using covered calls on index ETFs is a popular way to produce additional cash flow from holding stocks. For instance, the SPDR S&P 500 ETF (SPY) is not only the most heavily traded ETF in the world, but it’s also commonly used for covered call trades. A large block of covered calls seemingly traded last week, which theoretically allows the trader to collect a large amount of cash from selling options while also being eligible to get the next dividend payment in the stock.
On Tuesday, master trader Jim Fink will release a unique trade, dubbed “310F.” This trade is designed to hand you a 100% gain (or more!) in either 3 or 10 days… and always on a Friday. By using this unique “Friday Phenomenon” twice a week for the last three years, we’ve walked away with wins on 321 out of 324 trades… that’s a 99.1% success rate! Click here to discover how this “odd” trade could double your money each week.
This post was originally published on InvestorsAlley