In this episode, I talk about the extreme perspectives of the stock market held by different market participants and then give my perspective of how we can sort of walk a middle path. How we can do better than over-diversification and how such a strategy can still be sane and risk controlled. Selling options on stocks we own.

This episode explores the possibility of missing the boat on a big trade and what that means for your portfolio and your life. I talk about the emotions involved with that type of investing and offer an alternative type of investing that I personally use to grow wealth and hope that you will too.

I recently finished re-balancing or re-making my portfolio for say the next six to twelve months and as I've been looking at it, I've started to wonder if it is just too complex. Like, am I being paid for the additional risk that I'm taking on? I would like to think so, but this is the topic that we explore in this episode.

The portfolio consists of the following constituents:

QYLD, XYLD, PLTR, SMH, BMBL, HOOD, RBLX, BAC, UAL, M, VSCO, KRE, CPB, and PARA.

The idea is to accumulate QYLD and XYLD as we sell options on the rest.

But is this too much? Would it be simpler and better to invest in a similar portfolio that is made up of just a handful of ETFs thus eliminating the specific risk of any of these companies?

Let me know your thoughts on Twitter @miningtheta.

In this episode I really try to get at the heart of what these options are used for, like why do we do the things that we do? This goes way beyond purely speculative strategies and focuses on strategies that have a purpose such as leverage and hedging. I give a couple of examples of strategies that I have used in the past and try to include enough information so that you understand the context and thought process behind the strategy.

We also touch base on 0DTE options and the risks associated with trading 0DTEs especially if you're trying to buy them to make money as a day trade.

The things to keep in mind are Intrinsic Value, Extrinsic Value and Theta Decay. Understanding these things within stock options will help you put together the ideal strategy for you and whatever you're trying to accomplish.

This is my way of welcoming you to the podcast. A short intro so you can know what to expect in the episodes to come. This is my very very first podcast episode, like of all time and so I'm learning a bit as well. I hope you like it and tune in for more shows!