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It takes character to sit around with all that cash and do nothing.\u201d<\/em> Charlie Munger Before I begin my post, I would like to bring up the above quote from the late Charlie Munger. Keep this in mind, let it sink in. All this will make sense later. Like most investors, I initially got into the options market with a simple goal: generate additional income. However, I quickly learned that options are neither passive nor predictable like dividend investing; Instead, they function more as short-term trading income. The leverage inherent in options can complicate the long-term “buy and hold” philosophy. This realization has changed my strategy over time: I now favor selling cash-secured puts to build positions at a discount, using covered calls less frequently to avoid the upper limit. With generous margins offered by low-cost brokerages, it is easy for anyone to jump on the bandwagon. The spectrum is vast, ranging from high-octane gambling 0DTE<\/strong>…<\/p>\n<\/div>\n