How To Generate Weekly Income In The Stock Market!

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Did you know there were some ways to generate income weekly from the stock market? You've come to the right video if you didn't! In this video I go over 2 ways to generate a weekly income with an ETF and Options.The ETF is TGIF, SoFi's ETF that pays out a dividend every Friday. It was designed to do just that with an average 2.5% annual dividend year. For every 100 dollars, it averages right around 5 cents every Friday. I know it isn't much, but a 2.5% yearly dividend is way higher than bank interest rates currently. Plus, you will get growth with the ETF.The next way to write out weekly option contracts. Write a contract on Monday at market open that expires on Friday of the same week. If you already have 100 shares that you don't mind selling at some point, write a Call options to collect a premium. If the price doesn't hit the strike price, then you get to keep the stocks and the premium. The premium depends on the stock and how Vega (volatility) is. If you want to buy 100 shares at a lower price, write a Put option. Instead of selling shares, you will end up buying 100 shares if the contract is exercised. If not, then you keep the premium. You will have to make sure you have 100 shares worth of dollars in your account as maintenance to cover the possible exercise. That is how I'm going to try and generate a 100% return on my money every week. The 100% is in the year, not weekly sadly. A good first week writing a Put options at a $6 strike gaining a ~2.5% return on Sirius XM. This will be a weekly series to see how the weekend ended.

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