What's your side hustle for 2026 to fund your punting? $500 per week.

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Originally Posted by Linza Giz

I've been running a dog walking service but I leave the dogs in the yard, then I punt. After I take the dogs back to the owners and clean up the shit etc from the yard. Easy money

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Well that is a very dishonest way of making money and ripping people off. What a nice person you are.

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Originally Posted by Vader

Well that is a very dishonest way of making money and ripping people off. What a nice person you are.

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The dogs haven't complained. I gather feedback from every dog. In one bowl I place a letter of complaint.. In another a dog treat that signals satisfaction. No dog has ever chosen the letter.

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Originally Posted by Punt2Win

Don't know where you got 1-2% from. The return is based on a number of factors including time until expiration, distance of strike to price, and most importantly implied volatility. So the return is totally customisable to the risk you are comfortable taking.

For example I have been selling puts and calls on a gold mining stock for the past two years. I sell about 45 days out but close usually after 30 days, and get roughly 7% for that.

That stock has an implied volatility of about 60%, whereas there are some stocks that have an IV of 16% and therefore the premiums are much less.

Builds up very fast and then you can sell for even more contracts. Builds up EVEN faster if you're not spraying that return all over a 20 yo's back every week.

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Ok, that's really interesting. I looked at Covered calls about 10 years ago and could only find 1-2% across the big 4, BHP, Rio etc.

How are you vetting and running your trades? What platform?

I'm a CIM guy so I spray my returns very specifically.

Usually it's a decent Implied Volatility with an IV rank above 50 (two separate things - easy to understand when you research them a bit), 45 days out from expiration, at strong technical levels where I'm happy to buy or sell if I get assigned. Rinse and repeat. I use Interactive Brokers to filter all this. Best one I've seen in Australia.

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Originally Posted by Punt2Win

Usually it's a decent Implied Volatility with an IV rank above 50 (two separate things - easy to understand when you research them a bit), 45 days out from expiration, at strong technical levels where I'm happy to buy or sell if I get assigned. Rinse and repeat. I use Interactive Brokers to filter all this. Best one I've seen in Australia.

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Are you rolling out your contracts to avoid getting assigned? I'm assuming you're holding the underlying for capital growth as well.

Thanks for the reco on Interactive Brokers, I'm checking out the platform now.

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Originally Posted by keebab

Are you rolling out your contracts to avoid getting assigned? I'm assuming you're holding the underlying for capital growth as well.

Thanks for the reco on Interactive Brokers, I'm checking out the platform now.

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Yeah mate depending how the stock behaves I may roll, but it's rare. I'm selling puts at a price I think is value otherwise I won't just force it. Like right now I'm all in cash because my stocks are very overbought but refuse to pull back.

The usual situation is I'll sell the contracts for 65 cents and they'll hit 12 cents for example and then I'll buy them back as all the risk reward is gone of holding for that last 12 cents. So in that case yes, roll. Not just rolling for the sake of defending strikes from getting hit.

With IB use the TWS workstation for all the good options tools. The web and desktop version seem to be watered down simple versions. Workstation looks really complicated but you only end up using 5% of all the features and they're easy and worth it.

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Originally Posted by Linza Giz

The dogs haven't complained. I gather feedback from every dog. In one bowl I place a letter of complaint.. In another a dog treat that signals satisfaction. No dog has ever chosen the letter.

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I laughed at this.

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Originally Posted by Linza Giz

I've been running a dog walking service but I leave the dogs in the yard, then I punt. After I take the dogs back to the owners and clean up the shit etc from the yard. Easy money

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This is fucking gold mate, gave me a good chortle.

I watched a bum hang at the edge of Fairfield Maccas today and approach every car as they waited at the next window for their food. He made a killing for the 30 min I watched, not to mention the load of free food people bought him. Then I went to the nearest traffic lights and 2 junkies there were counting out their booty for the day from people paying them not to clean their windows. One guy even gave out 5 ciggies as a payment to fuck off. I read once that homeless and pretending that sit on busy streets make $50K a year tax free!

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Originally Posted by Linza Giz

I've been running a dog walking service but I leave the dogs in the yard, then I punt. After I take the dogs back to the owners and clean up the shit etc from the yard. Easy money

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So you're a rent-my-backyard / dog shit cleaning business rather than dog walking. Funny bro, lol...

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Originally Posted by GoldfishMan

So you're a rent-my-backyard / dog shit cleaning business rather than dog walking. Funny bro, lol...

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Good one mate, hate these people who cheat others. I bet he is not even good enough to pick the shit off his own backyard.