/biz/ - Business & Finance

I'm only 22 years old, just about to graduate, and have more money than I know what to do with because of THETA GANG, a strategy I learned on /biz/.

>Had money from working at Macdonalds, saved up $10,000 by 18
>Learned about Theta-gang
>Just buy stocks, sell covered calls that expire in a week or two that are just 5% out of the money
>Realized doing this yielded a return of 1-3% WEEKLY.
>Sometimes I lost money because the stock dropped by more than the option premium, ok, shit happens
>Overall yielded a 45% return first year
>Show dad
>Impressed
>Borrow $50,000 from dad at 5% interest (he's used to GICs which pay him less)
>Generate $19,000 that year off selling covered calls, pay him $2,000
>Borrow enough money to have $100,000
>Turns out to be a good year
>$52,000

How is everyone not doing this? Theta-gang literally works. Just buy stocks and sell out-of-money calls on them that are a few percentage points above the strike. It yields CRAZY returns.