How I Make $500 A Month By Enabling This Secret Broker Setting
Ever wondered how to add an extra $500 to your monthly earnings? Well, I’ve got a secret setting that I’ve discovered inside some of the top brokers, and it’s a game-changer for option sellers like us. In this article, I’m going to spill the beans on this “Secret Broker Setting” that allows me to make money even when the market isn’t going in my favor. So, buckle up, and let’s dive into the details!
The Power of Options Trading
Options trading is a unique avenue where you can leverage your market insights to generate income. Unlike traditional stock trading, where you put up your money for shares, options trading allows you to sell contracts and put up collateral. This collateral is typically held by the broker in case the trade goes south. Now, here’s where the magic happens — with the right broker settings, you can turn that idle cash into a money-making machine.
Unlocking the Secret Broker Setting
The key to making an extra $500 a month lies in a feature called “Interest on Cash.” Not all brokers offer this, but after extensive research, I’ve found four of my favorites that do. Here they are:
- Fidelity: Fidelity offers a whopping 4.99% interest on cash held in a government money market fund. This means that even when your money is tied up as collateral, it’s earning an additional 4.99% annually.
- Robinhood: Robinhood provides a 5% interest on idle cash. To enable this feature, you can subscribe to their Gold membership for just $5 a month, making it a cost-effective way to boost your returns.
- Weeble: Weeble, another fantastic option, offers a 5% interest on idle cash, providing you with an additional income stream as you trade.
- Mumu: Last but not least, Mumu edges the competition with a 5.1% interest rate on your money. Make sure to reach out to their support to ensure this feature is activated.
Multiplying Your Returns
Enabling the “Interest on Cash” setting allows you to earn money on the collateral you put up for your options trades. Let’s break it down: if you have $10,000 tied up in collateral, you’re making approximately $50 every month. Now, if your trades result in a $50 loss, you break even for the month. But if you profit, you’re adding extra cash to your pocket. It’s a win-win situation that cushions your losses and boosts your gains.
If you want to trade options profitably with a 86%+ win rate and consistently generate monthly income, then join the 10% Credit Spreads program!
Thanks for reading 🙂
Austin Bouley
CEO & Chief Strategy Officer
