How can I use options trading to enhance my investment strategy

[AdalynnAtkins]

How can I use options trading to enhance my investment strategy

[IzaiahHubbard]

Sure! Here are three different ways you can use options trading to boost your investment strategy:

[EverleeStevenson]

**Hedging Against Losses**: You can use options to protect your investments. For instance, if you own stocks and are worried about a potential drop in their price, you could buy put options. This gives you the right to sell your shares at a certain price, which can help minimize your losses if the market takes a downturn.

[CalumSoto]

**Generating Income**: Another strategy is to sell covered calls on stocks you already own. By selling call options, you can earn some extra cash from the premiums. If the stock price stays below the strike price, you keep both the premium and your shares. It’s a nice way to generate income while holding onto your investments.