Set to Expire: March 27th

Option	Position	Days Held
FB 27MAR2015 68.5 P	-1	16
MA 27MAR2015 83.5 P	-1	18
SBUX 27MAR2015 88.5 P	-1	18

I sold very out of the money (OTM) PUTS on FB, MA, SBUX two weeks ago and collected $85.63 in premiums after commissions.  I risked a total of $24,050.00 of buying power, but once the contracts expire worthless, my buying power will be replenished and I can do more option trading.

I am using the size of my portfolio to create income through options.  Taking advantage of the margin & buying power that I have in my non-registered account @ IB.  

Of course, there are risks involved.  But with calculated bets, I have generated income streams from selling puts and credit put spreads mostly.  I have also dabbled in buying calls and selling covered calls.  

I continue to learn and evolve as I pick up things from here and there. 

A lot of people would say: "Whoa, hold on there, you're risking $24,050.00 just to make $85.63?"

Yes, of course, there are risks involved when trading options.  Worst case scenario, I end up getting assigned if current market prices decide to fall to my strike prices.  I will just end up owning 100 shares of FB, MA & SBUX in which I don't mind really.  I know they're strong good companies that won't go belly up.