179: How To Make $100 Per Day Selling Options
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In this episode, Eric O’Rourke breaks down a practical question many options traders ask: what does it actually take to make $100 per day selling options?
Using real SPX credit spread examples, Eric walks through different ways traders approach profit targets—from letting spreads expire worthless to taking profits early—and why focusing only on percentage returns (like 50%) can be misleading. He explains how spread width, contract sizing, commissions, and capital requirements all play a role in reaching consistent daily income goals.
You’ll hear the trade-offs between:
- Selling narrower vs. wider spreads
- Taking profits early vs. holding to expiration
- Increasing contracts vs. increasing risk per trade
- Moving further out of the money for higher probability setups
Eric also shares how he’s been adjusting his own approach, including using wider spreads and targeting fixed dollar profits per trade, along with how tools like the Trend Spread Engine (TSE) fit into decision-making.
If you're looking to better understand the mechanics behind generating consistent income with SPX credit spreads—without overcomplicating the strategy—this episode lays out the key concepts.
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