Your comment is spot on Bruce. These index ETFs can move 1–2% in a single day just as they did today. This exercise just provides a glimpse into what is possible but can’t always be done the way I mentioned because of stock price swings, changes to volatility, and other factors.

It’s safer to go further out of the money for contracts to decrease the likelihood of the option getting exercised, but the point of the article was to demonstrate you can make a good side income or even a full-time income with options depending on your portfolio’s size.