Like some Americans, I have a side hustle. No, I don’t deliver food for DoorDash or ferry people around for Uber.

I sell put options to market makers.

Options are derivatives based on the prices of stocks. Call options offer the buyer of that right, but not the obligation, to buy stock at a fixed price by a future date. Put options offer their buyers the right, but not the obligation, to sell stock at a fixed price by a future date. In the United States, the options that are traded and sold are considered “American style”, because the options…

Perry Chen

Native of Boston. Current resident of Washington, DC.

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