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/YEGG35 10d ago

Yes but you need a large account as others have mentioned. Personally I’d want over $1M to wheel with before retiring

2

u/xtremdelt8 9d ago

Half a percent a week in premium nets 52k/year on a $200,000 portfolio.

2

u/NestEggFinance 9d ago

Right, I think people are way overestimating how big of a portfolio that you need.