He Earned a Million Dollars Trading This Option Strategy

How would you like to earn $80,000 a year trading options against your existing portfolio? That's exactly what our guest, Karsten "Big ERN" Jeske, has achieved. In today's episode, Jason talks with Karsten about his simple SPX options trading strategy. Be sure to see the show notes linked below for definitions, associated blog posts, and more.

**Show notes: https://twosidesoffi.com/options

Timestamps:
00:00 Introducing Karsten
01:40 Why trade this?
05:15 Few minutes a day
07:24 1DTE strategy
11:22 Margin requirements
14:04 Choosing strikes
18:40 Pennies + steamroller?
21:11 Bad market days
24:26 Stop orders
29:43 Setting stops
32:30 0DTE strategy
36:39 Call strategy
41:51 Getting stopped out
42:36 Emotions vs. reality
46:11 Why not spreads?
47:21 Easy tax documentation

**Show notes, tools, resources + information: http://twosidesoffi.com
**Our podcast: https://twosidesoffi.com/podcast/

**Eric’s "NOW" page at 30X40 Design Workshop: https://thirtybyforty.com/now
**Eric’s YouTube Channel: https://thirtybyforty.com/youtube @30by40
**Jason's Blog: https://thenextphaseisnow.com

#twosidesoffi #financialindependence #firemovement

**Note: This content does not constitute investment advice and is being presented for informational and educational purposes only.