Aug. 27 at 2:31 PM
A couple of years ago I invested in several of the quantum computing companies. I did well and made good bank but the volatility made me nervous. So I took my profits and moved them all over into
$QTUM, a quantum computing ETF that spread the risk across several companies. That’s still a good investment if you don’t want to own the individual stocks, but lately I’ve wanted to get back into the individual companies and sell the associated weekly options because the premiums are quite robust. This morning I’m executing this idea by picking up a couple hundred shares of
$IONQ. I’m now looking at the option train to start harvesting premium. This is a pretty straight forward buy-write trade but it appears like it could yield 3%-4% per week. That will double your money in about 20 weeks. This is not a get rich scheme. This is a build wealth over time trade.
