Back on February 24, one of my apps found unusual options activity on XOP so I decided to take a look. The premiums for a few weeks out were crazy so I decided to buy 100 shares of XOP and sold the March 6 $140 strikes for $367.33.
It looks like those options will get assigned today and I will walk away with a 2.5% return in a couple of weeks. Annualized that’s a 24 percent return and this is how I achieve my results. The best part is I’m now back in cash as the war with Iran escalates out of control, I have to be very strategic about my positions.
The market continues to take a beating but I am successfully (so far) navigating the volatility and making money.
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Do you have an AI built app searching the market for you to make money yet?