How To Make One Million Dollars Trading Options

Making one million dollars trading options? Is it even possible? How much money do I need to start with to achieve this goal? How long does it take?

These are the most common questions I receive when talking about trading options.

Let’s answer all of them.

From my experience, I can say that selling options is the best strategy to earn consistent money. They can help you achieve two goals:

1. Generate a weekly or even monthly income as a cash flow to cover your expenses or

2. Grow your portfolio by reinvesting the income they generate.

So, if you are already ahead of age, you have some money set aside to invest, and are looking for a monthly income, selling options are best for you.

Even if you are starting investing only now I strongly recommend you learn the skills to invest in selling options because they will help you grow your capital the fastest way possible.

Selling options, if correctly done, can help you easily earn 30 to 40% per year. Compounding this interest every week or month will boost your portfolio to grow at the top.

Now, if you want to learn what strategies that work the best in selling options and you’d like to have a step-by-step guide that walks you through all the concepts you need to be a profitable options trader, have a look at my course “ Selling Options – The cash machine Course “.

This is the best course you can find on the internet and the best investment you can make to reach your financial goals. I put all my knowledge into it and is perfect for all kinds of experienced traders, from beginners to advanced.

That being said, In this post, I will briefly show you why selling options is the best strategy.

As reported in many places and also in the Chicago Board Of Options Exchange – CBOE, selling options is the most profitable strategy in the market.

This is so because you trade with the odds on your side. Every time you sell an option the correct way and the way I teach you to do it, you have more than a 90% probability to close your trade with a profit. This is a huge advantage compared to people who invest in stocks or forex or any other kind of assets.

What you should do is create a watch list of stocks, not too big so to learn the average trading range of all of them, and then, wait for the stock to hit one of these ranges. At that point, you can sell an OTM Call or Put option and close it out as you see your desired return.

That’s it, just do it over and over and you’ll see your capital consistently grow.

With such a high percentage of profitable trades, I usually earn an average of 36% per year with an amazing winning rate of more than 93%.

With these numbers, you can easily understand that making a million is just a matter of time and the amount of money you start investing.

Let’s do some math.

Let’s say I have 10,000$ to invest. How long will it take to hit the one million goal?

If we assume an average return of 30% per year and a reinvestment of it, this is what is going to happen:

End of year 1 – 10,000$ + 30% gain = 13,000$

End of year 2 – 13,000$ + 30% gain = 21,970$

End of year 3 – 21,970$ + 30% gain = 28,561$

End of year 4 – 28,561$ + 30% gain = 37,129$

End of year 5 – 37,129$ + 30% gain = 48,267$

End of year 6 – 48,267$ + 30% gain = 62,747$

End of year 7 – 62,747$ + 30% gain = 81,571$

End of year 8 – 81,571$ + 30% gain = 106,042$

End of year 9 – 106,042$ + 30% gain = 137,855$

End of year 10 – 137,855$ + 30% gain = 179,211$

End of year 11 – 179,211$ + 30% gain = 232,974$

End of year 12 – 232,974$ + 30% gain = 302,866$

End of year 13 – 302,866$ + 30% gain = 393,726$

End of year 14 – 393,726$ + 30% gain = 511,844$

End of year 15 – 511,844$ + 30% gain = 665,397$

End of year 16 – 665,397$ + 30% gain = 865,016$

End of year 17 – 865,016$ + 30% gain = 1,124,521$

So, in the example above you can see that starting with a capital of 10,000$, reinvesting all the gains you make, you can reach your first million in 17 years which is an amazing result considering you started with only 10,000$.

If these numbers don’t make you happy ask yourself: maybe am I too greedy? Do I believe that a 30% return per year is not enough?

If the answer to these two questions is yes, you need to work on yourself first and then start investing otherwise you are going to lose everything. Your mindset is not the correct one to make your first million.

These are amazing numbers! Earning a consistent 30% per year is a huge result and not everybody is able to do that. I am not saying that it is easy but surely it is if you learn the skills you need first.

In conclusion, I can say that the big problem with making a million dollars, in general, is greed and impatience.

If you have some money and you commit yourself to adding, even more, every month to your trading capital and learn the skills you need to be a profitable options trader, it is just a matter of time before you hit your first million.

This is just math and options are more based on math and probabilities so this is the best way to achieve your first million goals.

Let me remind you that the most important asset for growing your wealth is YOU and your financial education.

Before investing in whatsoever learn the skills you need or you are going to lose all the money.

You can see what I usually earn with selling options and what you could be able to do, by watching this video.

I wish you all the best, see you in the markets.

Max