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Official statistics show that over 50 million people in the UK own a mobile phone that's over two thirds of the population. In the USA it's the same story with over 70% of the population using a mobile phone on a regular basis. It seems that these days when searching online you can get find almost any activity that you can get paid for whether it be for surfing, reading e-mail or even driving you car, the list of opportunities is almost endless. With all these mobile phones users in the World and everyone looking for a way to make some fast cash it seems fitting that the latest opportunity to arise is getting paid to use your mobile phone!

To get paid cash for using your mobile you will need to own a Smartphone. A Smartphone is a mobile phone with much more advanced features than your standard handsets. Smartphones use named operating systems like Windows mobile which allows various applications to be installed for entertainment and connectivity purposes. There is hundreds if not thousands of different models of Smartphones available Worldwide and as it's like carrying a pc in your pocket they are being increasingly popular.

The company behind it all is M:Metrics, they are the Worlds recognized leader of mobile media measurement. M:Metrics provides high quality consumer research to mobile industry leaders, mobile service providers, games and content publishers and mobile phone manufacturers who use this information to determine what new products, features and services to develop in the future.

To earn money using your Smartphone you will need a compatible Smartphone, be a resident of either the USA or UK and have 5 minutes to spare. To begin you need to check the compatibility of your Smartphone, this information can be found on the M:Metrics website. If your phone is compatible you fill in the registration information and an install link will be sent via sms to your handset, click on this link and a small file less than 100k will be downloaded to your phone. Without interfering with the normal use of you phone this software will then record usage of your mobile phone features for example what games you play, what sites you browse and how many e-mails you send, this information is periodically sent back to M:Metrics. The software does not interfere with the normal use of your phone, its unlikely you will even notice it is even there.

For downloading the software, becoming a member of the M:Metrics Smart M:Panel and dependant on which country you live in ?15 or $15 will be sent via cheque as soon as installation is complete. As long as you keep the software running on your phone you will receive an additional ?5 or $5 per month thereafter which will be paid to you every 6 months. As a M:Metrics Smart M:Panel member you will also be entered into a draw held every three months for a cash prize currently at ?1000 in the UK and in the USA a monthly prize of a 40? LCD TV.

Get Paid Cash For

When we write a naked put we are effectively 'promising' to buy someone else's shares in the future should the stock price fall below a certain level.

For doing this we are instantly paid spendable cash for each share that we 'promise' to buy. If the stock does not fall below this level (the strike price), then we simply keep the cash without having to buy the stock.

TIP:

Just like covered calls, only write naked puts on stocks that you would be happy to own and if you want to be more conservative, only sell the contract equivalent of the amount of shares you wish to buy, should the stock fall below the strike price.

As each option contract represents 100 shares of the underlying stock, you can work out how many contracts you can afford to write simply by dividing the amount of capital you want to invest in that trade by the strike price of the option you want to sell and then divide that number by 100.

Here's the formula:

Capital/Strike Price/100 = Number of Contracts

So if you have 20,000 to invest in one trade and let's say that the strike price of option is $10, then you can safely write 20 contracts.

By 'safely' I mean that you can afford to buy the stock should you be assigned.

Another thing to remember is that should you be assigned, you would effectively be buying your shares at a discount.

Let's say for writing the $10 put option, you received $0.50 cents per share (5% yield).

Because you receive this $0.50 per share, your overall purchase price (should you be assigned) is lowered by $0.50 to $9.50.

Should the stock fall and you be forced to buy it, a great way to keep this cash flowing and at the same time continue to reduce your risk is to simply turn around and start writing covered calls on it.

That being said, it's never a good idea in my opinion to write naked puts on a falling stock. Always look at a stock's chart for:

1) Moderate uptrends.

2) Sideways trends, especially 1-2 months AFTER a steep sell off.

If you go to: http://www.stockcharts.com and pull up the QQQQ chart for the first quarter of 2003, you'll find a great example of this second pattern.

During this time I began writing naked puts on the QQQQ and then when I was eventually assigned I then wrote covered calls on the QQQQ profitably for a number of months.

In sideways or rising markets, writing naked puts to potentially aquire stock (and be paid while you wait) and then writing covered calls on the stock when and if you are exercised, may well be the ultimate strategy for generating a cashflow income from the markets.

Also, considering that a large majority of options are never exercised, much of the time you may never even be required to buy the stock.

When it comes to writing naked puts, you often get paid for a 'promise' that you don't end up having to keep. Now that's what I call leverage!

Happy option trading and investing!

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About Author

Both Steve Roper & James Thomas are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Steve Roper has sinced written about articles on various topics from Smartphone Cell Phones, Mobile Phone Reviews. Steve Roper is the webmaster of http://www.mobilephonemey.co.uk To find out more about M:Metrics UK and. Steve Roper's top article generates over 1900 views. Bookmark Steve Roper to your Favourites.

James Thomas has sinced written about articles on various topics from Joint Venture, Motorola Cell Phone and Options Trading. James Thomas is a successful private option trader and creator of http://www.option-trading-tips.blogspot.com - an informative resource full of us. James Thomas's top article generates over 33100 views. Bookmark James Thomas to your Favourites.

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