Hi everyone

I just met my high school classmate and he is in stocks options trading to get monthly cashflow.

have anyone else successfully done it? Any tips?

any book by david caplan on options, such as "the options advantage" will help in this. sounds like you're interested in what he calls N.O.P.s... (neutral options positions).

-ja

p.s. his books talk about options on futures contacts but the basic ideas will work with stocks too.

Leon,

In addition to what Joe said, your friend could be writing covered calls. It's not as easy a strategy for income as it may seem on the surface. It's especially difficult now because option premiums are so low.

Do you want income or growth? If you want growth then it may not be a strategy that's suitable for you.

Larry