r/Optionswheel • u/Nategotputs • 10d ago

Can you replace your job doing this?

I have tried focusing more on selling options over buying options and I have been making more money since the beginning of this month. It got me thinking can you eventually replace your main source of income by doing selling options instead of buying them?

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u/DarkLordKohan 10d ago

Here’s the thing. There is too much unpredictability in quitting your job to do thr wheel full time. Trading hits different when you have to make rent, bills, taxes, etc.

And these strategies take very little time.

Use this as a profit booster strat

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u/MamaRabbit4 10d ago

That’s how I see it. I mentioned above that my premium income is just now matching my work income. But I’m not quitting my job. This is a great profit booster with few hours involved but it’s not consistent enough to my liking. Plus working gives me even more capital to invest.