Last week, in our 48-Hour Income service, we sold a cash-secured put on insurance software company Ebix (EBIX).

In 48-Hour Income, the goal of the service is to generate 1% to 3% returns per week by selling 2-day puts in certain stocks.

EBIX has seen its options premiums shoot higher as the stock has sold off in recent weeks.

The share price didn’t do much at all for the remainder of the week and we were able to collect 3% returns in around 2 days.