The market isn't an easy place for income investors right now.
Stocks are too volatile, U.S. Treasury yields are anemic, and a strong reliable dividend is a rarity.
But income investors have a relatively new way they can use options to collect solid payouts on a routine basis. And they can do it without actually owning the underlying stock.
I'm talking about Weekly Options, or Weeklys.
Weeklys, which have a maximum lifespan of just seven trading days, are available on more than 40 widely traded stocks and a handful of indexes - including the Standard & Poor's 500 Index.
The great thing about Weeklys is that you can take advantage of short-term moves in the price of a stock or index. You can also generate income on a weekly basis by implementing a simple covered-call strategy.