Henry, as a professional options trader, I will say that you are grossly understating the risks and probabilities associated with the wheel strategy. And since you are suggesting to use the SPY, I suggest you look at the volatility of the S&P 500. To obtain the type of premium you are suggesting is available from the wheel strategy would require selling puts that are within the daily ATR (average true range) of the index. Delta is NOT a probability measure; despite what some will tell you. Those who suggest that it is don't actual understand what delta measures and how it is calculated. A 20 delta does not mean a 1 in 5 chance of occurring. In a down trending market, the index can move down quickly resulting in a significant loss on the put. Anyone using this strategy on the SPY during the period of July '21 to Aug '22 would have suffered significant losses. If someone did this while the S&P was sitting in the range 4300 to 4700, they would still be trying to recover from their losses. Also, doing this on the SPY would not be tax efficient. All would be taxed as short term gains. A much better tax strategy would be to use options on Futures such as the /ES (S&P 500 Future). The tax is split between long term and short term gains when using Futures. If you insist on using the wheel, you need to consider hedging the risk by doing it as a vertical spread rather than a straight naked put. It will decrease your premium but help prevent a significant loss.

@jarrodthecoffeeguy2807

Жыл бұрын

Yea, I was worried even if I do beat S&P average but would my tax obligations bring me back to average

@jarrodthecoffeeguy2807

Жыл бұрын

Guess you need real estate for depreciation write offs

@LuKa2sb

Жыл бұрын

finally somebody pointed out all of the flaws in this video. there are a lot of things incorrect in this video but the one that i was stuck on is his claim of huge premiums, not at a delta of 20 like he claimed... not to mention he's ignoring the significant capital tied up in the cash secured puts.

@charlesanderson7830

Жыл бұрын

So do you dabble more in defined risk strategies on futures then?

@JArthurStudios

Жыл бұрын

I think the key here is if you are using the wheel, you need to view it as though you are investing in that much stock -- instead of thinking of it as an option trading strategy. A financial advisor wouldn't blink an eye at taking a large investment in the S&P 500 index for your 401K.... but for some reason selling a cash secured put with the same notional risk freaks people out. I implemented the wheel on SPY (and IWM) during July '21 to Aug '22 and suffered no losses. How? When I was assigned the stock, I never sold it. I just kept selling calls against it. And now, between the premiums taken in and the dividends, I've made decent money on it. Just takes PATIENCE though. Which is something most people lack.

It would have been awesome if you use SPY in your example, I see high chance of lower price stock falling and staying down for longer periods of time, I think it is much safer to use as high as price you can or even ETF's. Some stock drop and stay down too long for someone trying to make income. It is fine if only using a small portion of your portfolio.

Reached 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024

@Blair-hunter3

15 күн бұрын

I'm 37 and have been looking for ways to be successful, please how??

@Carlsbenjamin1

15 күн бұрын

Woah for real? I'm super excited. juliana strategy has normalized winning trades for me also. and it's a huge milestone for me looking back to how it all started

@militarybase-xm4oy

15 күн бұрын

Though I started with as low as $6,200 AUD actually because it was my first time and it was successful, She's is a great personality in Australia

@texasdentist3-wx4ud2

15 күн бұрын

She's recognized as 'Mrs Juliana heidi, one of the finest portfolio managers in the field and widely recognized; you should take a look at her work.

@Blair-hunter3

15 күн бұрын

I'm new here and really want to know some important things about her . Does she also offer mentorship, lectures and tutorials? How do I reach her please?

when you sell cash covered put, what protects you is the support level, below which price will not normally go, You saying resistance is not correct. Title of the video is how to retire on $197,000 and you talked about palentir and did not show any example of that level investment of SPY.

Uncle Henry! Recently subscribed. Are there any books that you recommend for learning and mastering options? I am a visual learner. Any help would be much appreciated.

Thoughts on options trading daily on the QQQ? It has a lower bar of entry and covered calls pay about the same in premium.

What are you using to find the delta? I'm not finding it on my brokerage or even on the web

The Wheel Works : ) Keep it rolling. Should've learned this when I was 15!!

Thanks you so much. This is the best video, covered a lot of info.

What about the qqq's? Can you make a video on how to wheel the qqq?

How does this affect the wash sale rule? If you collect premium and decided to sell at a smaller profit?

your videos are gold. I have been following since 2020 and have made tons of money from your videos.

@claudiafischbach3358

Жыл бұрын

Hi Bryan! What strategy are you using?

@jamesm.3967

2 ай бұрын

Are you his business partner? 😮😂

Love the title ,,, thanks for the information!

The problem with doing a CSP on SPY is that it takes up a lot of capital that is reserved until expiration or assignment. The dailies are nice though.

@KurtVogel88

11 ай бұрын

Most brokerages are paying close to 5% on cash in a money market

I appreciate the content a lot, But I gotta ask... Facebook stock turned to META like... a long time ago.... are these super old screenshots that your sharing on your account? The swing date in our corporate action tool is saying that it changed names from Facebook to Meta on 11/01/2021. Not sure how it's possible for you to have FB in your account in 2023... I'm like... 1,000,000% sure that it isn't possible for you to have FB stock and Open Options contracts. Care to explain?

@bvaddi

Жыл бұрын

I generally like Henry, but the screenshots are way off and I am suspecting the legitimacy too, historically when would SPY $420 put, 4/14 expiration, 14 sells, to make 68%, I am not seeing a possibility, even going back historically to 2021. Spy hit 420 on May 28th 2021, but the option is expiring on 4/14 :(

Spy makes sense to me but I can't grasp QQQ. Would you be able to do a video on QQQ?

Just joined your Discord group for the year looking forward to learning and investing in my future with your team

@InvestwithHenry

Жыл бұрын

Welcome aboard!

@QuangLy-qg9kh

Жыл бұрын

How do I join discord?

@krisjernbergkrisjernberg2296

Жыл бұрын

@@QuangLy-qg9kh I am also looking for it

@austinpowers1999

Жыл бұрын

Any updates?

I have a question when i calculate 0.2 delta one month premiums on SPY it is only 2.7%. So where are you getting 5% from?

@andriystockoptions6087

10 ай бұрын

He is not… SPY is not volatile enough to pick up 5% in premium if you sell CSP at 20 delta… I believe on avg. SPY implied volatility under 20%. His strategy won’t work with a SPY

Good job, more small market vids please

I’ve been doing this with a diversified portfolio of companies that pay a minimum of 2% dividend. I want that extra dividend. I keep it extremely diversified and sell very close to the money weekly options or (if I think it will pullback) I sell slightly in the money calls. I don’t really sell puts. I completely agree with the idea, but just haven’t done it yet. I think I’m going to add that strategy. This is a good channel and is full of good advice that will not get new traders hurt.

@JohnSmith-dv6vo

Жыл бұрын

How do you collect dividends if you’re selling so quickly… near the money calls prob has .45 delta that’s not gonna expire worthless every week

@kevinbernhardt3568

Жыл бұрын

@@JohnSmith-dv6vo you’re correct, at the money won’t always expire worthless. Pay attention to your ex dividend date (usually quarterly) and make sure the amount of the dividend is not more than the extrinsic value of the contract you sell because the buyer of that contract may choose to exercise if the dividend pays more than the extrinsic value left in the contract. It actually doesn’t matter too much if they do exercise early because that extrinsic value will usually be about as much as the dividend as long as it is at the money, but does depend on the date of expiration and date of ex dividend. As long as that extrinsic value (time value/any amount of premium not in the money) is more than the dividend then it is very unlikely they exercise. If they do, thank them. They paid you more than the dividend. Hope that helps

I’ve been only doing covered calls right at the money. I want to get assigned and collect a few bucks + a huge premium. I’ve been extremely consistent. Yeah you miss out on the upside potential but I need weekly income to pay my bills. Edit: I was able to retire from my job in law enforcement and live off fully just the premiums

@Michaelfranswaygmail.com_

Жыл бұрын

Most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification, Picking the best stock requires a lot factors and seems daunting for beginners like myself, From my own point of view, you need to invest smartly, if you need the good things in life. I made over $19,000 from my portfolio strategy weekly, mutual funds takes long time but investing smartly is the key for short term, My advised to get affiliated to a financial advisor. If you simply want a referral my mail is above my comment for referral...

@annafengge9529

Жыл бұрын

I appreciate your little time by putting this down. I will be dropping a mail to you for a referral because with what you've stated here I guess this is an awesome investment opportunity to recover my loses which I lost few thousand dollars last month. Thanks Mr Marcel.

@franksteedz3826

Жыл бұрын

Sex and when you get all your money, you can always wait until the market goes down to buy in for more shares on the ETF spy and resell for a higher price weekly or daily

@ameerskater

Жыл бұрын

what stocks have you been doing it on bro

@majordelays4909

Жыл бұрын

Lol you doylem

These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the knowledge embedded in it. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I've got $150k set aside to put in the market.

@Steven-u2u

9 ай бұрын

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this recession-influenced market, but to the best of my knowledge, it was through an F.A `

@Eric_Dennis

9 ай бұрын

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of investors raking in 6 to 7 digits in a space of months. So, I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and the least I returned was $95k ROI, and this does not include capital gain.

@Eric_Dennis

9 ай бұрын

Stacie Lynn Winson, is my Advisor, she is a consultation-free expert. She has her clients best interest at heart. I have been working with her since covid period. Though she's a very busy woman but she can offer you assistance if you reach out.

@GersderaNioer

9 ай бұрын

Stacie appears to be a true authority in this field. I looked her up on the net because I really need this, and found her website, went through her profile and I can say she's superb. Dropped a message hoping it gets replied.

@Cdix

5 ай бұрын

Don’t listen to these bot accounts that this “advisor Stacie” is running😂😂 scams

Hi Henry, what happens if the SPY is trading too high now? What do we do?

@waelepips3751

2 ай бұрын

Keep selling puts

So wheel 5 contracts at .20 delta with SPY everyday / weekly?

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

@AnnelieseGretel

7 ай бұрын

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@queenidowu13

7 ай бұрын

@@AnnelieseGretel That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@AnnelieseGretel

7 ай бұрын

@@queenidowu13 My advisor is Alice Marie Coraggio;

@AnnelieseGretel

7 ай бұрын

You can look her up online

@Oliver-Lucas

7 ай бұрын

@@AnnelieseGretel The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

Hope ain't going to work in the markets. It is a guaranteed stressed situation with huge losses at some point in the future. You might get away with it 99 out of 100 times but when that mega hit comes it will wash you away. It is very distressing. I will never do it again. If I start to feel that feeling of "this is out of control" I just get out and re-try later in time.

Options premium on ETFs is generally much lower than premium on stocks due to the safety of the basket of stocks in the ETF. I prefer more premium, so I prefer short puts, and covered calls on stocks, and I handle the risk by averaging down on the stock typically by selling another put ATM (first strike below stock price, which has a high delta because it often closes ITM), and that's fine with me. After the stock is averaged down, it's easier to write a covered call with more premium.

That's so crazy, it just might work! If only I understood it.

great video henry! I was wondering, do you have a spreadsheet or tracker you can share for the wheel strategy?

What year is this video from ?

How could you be up on selling 420 puts early April when SPY at that time was BELOW 412???

If it's not exactly .20 Delta is it better to pick like .195 over .217 to not get assigned ?

@physicalinvestor

Жыл бұрын

the lower delta would have a higher probability of not being assigned so 0.195 in your case

Hi Henry, Thanks for sharing this information however most of us watching this video do not have close to $200,000. Could you upload a video trading the wheel strategy for a $50k account instead ?

@jaredsharp4496

Жыл бұрын

Medium account strategy video Wheel and credit spreads I think he had call and put credit spreads in that video I think the title was 4x your portfolio 25k to 100k

I retired with about 250k and fortunately, I recently learned options. I bring in between 11-13k per month and am living really good abroad. Selling options for premium is really the only way to consistently win in these markets.

How does the $197k fit into this? What would your monthly income be with that amount?

This combined with Socrates will work well, it's time I started writing instead of buying although my uranium calls are doing very well, already well ITM with Jan expiry. Planning to assign my UUUU calls expiring soon and use them to write puts.

Totally wrong, what a manipulator!!

rare cases...yeah right

How are you making money selling SPY 420 PUTS?

Would it be a bad idea to use margin when doing this?

@franksteedz3826

Жыл бұрын

Yes use your own $$ I own sell covered call

@franksteedz3826

Жыл бұрын

Only sell cover called

That video is old right ? Last year ?

What happens if the stock goes down 55% like 2008 and takes over 5 years to recover? How do you make 3% per month?

@ccstarz19

Жыл бұрын

Maybe he sells covered calls even below his break even. If the stock rises quick, he can roll it up and out.

@REALPLSHOWN

Жыл бұрын

@@ccstarz19 He would then take losses as the stock rose and raise his break even.It would be an uphill battle.

@ccstarz19

Жыл бұрын

Right. Assuming he gets assigned on the way up. Not ideal and patience would ultimately Winn

@REALPLSHOWN

Жыл бұрын

@@ccstarz19 What if it takes 5 years for the stock to recover? This is a loss of working capital. There are much more efficient systems compared to the traditional options trade systems and structures.

@RealTalkCali

Жыл бұрын

This video is BS

Great video on the mechanics of it but terrible at expected return because the 5-7% return is annualized and not every time you implement the strategy.

I think you mean support for selling puts not resistance. Resistance is on the upside when selling a call. I know what you meant though

@debibriggs5096

Жыл бұрын

That's exactly what I said, it's called a support area on the way down...🙂

These prices must be from march of last year. PLTR hasn't been back up to 12.5 since last april 2022.

@SPYSpreads

Жыл бұрын

I agree 😂 I was confused too for a second

@ProgrammingP123

Жыл бұрын

yea same with amazon lol this was before the stock split

@tharshansri

Жыл бұрын

Recycling videos 🤦🏽‍♂️

@stanislawwidlo9948

Жыл бұрын

What are you living in the past

@josephsaeteurn9158

Жыл бұрын

Facebook? lol

During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?.

@angelapalmer1099

Жыл бұрын

Thank you, i copied and pasted her name on web browser and sent a mail waiting reply.

This is an excellent strategy for big accounts but for small account holders there are safe stocks out there that have decent premium around 3% of cost

@carriepinter7847

Жыл бұрын

Do you have some favorites?

@investmentgains

Жыл бұрын

@@carriepinter7847 this is just my personal opinion and I have a few of these in my portfolio as well, Under $10k account AMD, DIS, AMZN and under $5k account TDOC, LI, DKNG and there’s also safe stocks for Under $2k account 🤫

@carriepinter7847

Жыл бұрын

@@investmentgains Thanks for sharing!

Wheeling works great until the stock goes down, then you lose money.

Selling naked puts at the money? What could go wrong?

Can you do live example so we can see it

How do you make 3% per month if you are dollar cost averaging? If you are dollar cost averaging then your capital is under allocated to make 3% per month.

@InvestwithHenry

Жыл бұрын

For more information I'm happy to eduicate you on a call calendly.com/invest-with-henry/option-income-academy

I think you need to explain that selling naked puts requires Level 4 Options approval. Otherwise the math is totally different.

Great video

A question is everything OK in your account now in April 2023? I’ll be hearing the news a lot of bad

brilliant

Doing this strategy in this market, will it still work?

XYLD Is that the same thing

If we are interested in the stock or etf we are selling a PUT for, why not choose an expiry further out than a week. Like maybe 5 or 6 months out for the same strike price. We will get more premium for the same strike price and further out expiration. If we don't get assigned, we can keep rolling for the same period every week. If we do get assigned, even better. Is there anything wrong with this approach ?

@donaldlyons17

7 ай бұрын

Well yeah but sometimes unless one want to be stuck in something they have to have short term trading going on. I like to trade over months but that can't work out for everyone.

@laughuntilyoucryordie

3 ай бұрын

This is one of my main strategies 👍🏻 You can always close the trade early to free up capital if needed or close it close to expiration if the trade isn’t going your way!

What’s the discord?? I’m looking to Join!

Great video! Any chance we can get a video on how to get $197,000?

@galactic25

3 ай бұрын

ditto 😂

On one cash-secured put that I sold, it closed (barely) ITM on expiry Friday, so I was put the stock on Saturday, and then the stock price gapped up over the weekend, so I was able to sell it for more profit on Monday! lol Serendipity.

This doesn’t work for small accounts either. You’re basically screwed unless you have thousands of dollars or you’re already a highly skilled trader that can turn a grand into 50k In a week.

@escapedtheratrace3408

Жыл бұрын

Try using MES FUTURES to get the same results with a small account! 😊

Everyone with smaller accounts want that instant gratification by taking bigger risks and then they lose all their money. Trading is a marathon not a sprint. The market is truly taking money from the impatient and giving it to the patient

What's up with the fugazi prices? That's not a current PLTR option chain? What the? This is not as safe as he claims. The only ones who win are the MMs. 🍷😉

Are you selling daily's on the SPY?

@InvestwithHenry

Жыл бұрын

Sometimes but more weekly

@FriskyDingo1983

Жыл бұрын

@@InvestwithHenry Got it. I did the math on daily's and it came out to around $5900 a month a the 20 delta. Thanks for the quick response.

Can't lose? Famous last words. Just because you want to own something at $X, doesn't mean you're not stupid. If it tanks low enough, the covered calls won't cover your cost basis.

so the headline was SPY and you hardly mentioned it. An example of what strikes you'd be using to initiate and then what would happen if you were actually assigned SPY . So how many contracts would you sell puts on for SPY and what would the monthly income be for those sales. Some people need 250k to retire others would be happy with a safe 65k. How often are 80 delta SPY puts hit ? Backtesting ?

@andriystockoptions6087

10 ай бұрын

Don’t even bother use that strategy Bc you can’t pick up 5% weekly in premium on SPY by going out at 20 delta as he recommends. What he explained would work maybe on some volatile stock but not SPY

@andriystockoptions6087

10 ай бұрын

I do believe he said in the video that he sell CSP at 20 delta… that far OTM put, which means there is 20% chance you ll get assigned . Answer to your question , 80 delta that’s 80% of the time you ll be assigned SPY … I hope you have 40k plus in cash to cover that unless you trade on margin

@handdle-h2o

10 ай бұрын

no. problemo thanks@@andriystockoptions6087

Where is Henry coming up with 3%/month = $5019? The SPY option chain doesn't have premiums even close to that #

@jzgtr100

6 ай бұрын

I agree. Here we are 9 months later SPY and QQQ are at record prices and implied volatility is very low. Not a lot of premium to be had. Also, many stocks are way overbought. Things feel a bit dicey at the moment. Would love to see a healthy pullback.

Hey there Henry!

The title of the video is retire by trading SPY by using wheel strategy….. SPY implied volatility on average lower then 20% dude. So your strategy won’t work. I would have to sell ATM CSP and maybe pick up 1% In premium and that’s easy will be 48 delta …… If you post video with title like that stick to the story

Would you do this with 50% portfolio in TQQQ

@InvestwithHenry

Жыл бұрын

no

@Sony-ox7wx

Жыл бұрын

@@InvestwithHenry I'm 33 and only got 80k, is buying spy and selling covered call options better than investing in TQQQ long term by DCAing with the wheel strategy?

@Michaelfranswaygmail.com_

Жыл бұрын

Hey Sony with what I've learnt over a decade investing, giving enough time solid investment have the potential to double the initial principle amount, but many investors are instead attracted to the lure of high yields in short period of time despite the possibility of unattractive losses before even getting out. So thee onus is on newbies to beware. Big thanks to Mr Michael. I'm not bothered with how bad the market is because my assets are well insured due your wonderful advice and I still receive my profit, from $25k to $80k, what a mind blowing turnaround for me. Above this comment is my mail for referral..

@annafengge9529

Жыл бұрын

Mr Marcel after months i came across your comment I was able to make over 20k that same week I knew Mr Michael and now I'm still sky rocketing with over $79k by month end you have done well cause you introduced a lot of students to him, I'm really marved.

Hello Henry, just wanted to thank you for your willingness to share the gift of teaching others how to invest in the stock market also wanted to ask if you would clarify on those videos the levels on which they can be executed, I am a level 2 option trader and because of my small account and I am unable to execute these strategies. Thank you in advance

@wbotti

Жыл бұрын

try using Robinhood - I am doing wheel trades with only 1100 in my account (granted I'm picking cheap stocks like NIO) but it's good to start super small and get the mechanics down

When you sell a put, its support levels you look at …..not resistance

How old is this video? That is AMZN pre stock split price .

@TopRetroCommercials

Жыл бұрын

thats exactly what i was thninking this video is from like april of 2022 amzn split

Very good video thank you

Whoa how old is this robinhood screen shot from? Amazon put for $2700. Facebook ticker is still FB and not Meta. You might wanna point this out for future references bc i got way to confused for a moment 😂

@InvestwithHenry

Жыл бұрын

hahaha actually it's a new video I recorded with some old examples in the middle because I explained them so well from an older video.

I thought you have to already own the stock before your broker allows you to sell puts or calls against it?

@laughuntilyoucryordie

3 ай бұрын

NO. You can sell a PUT option on any stock you want to own, you just need to make sure you have enough capital to cover 100 shares of that stock incase you are PUT the shares. Example: Say the stock price is $70.00 You sell a PUT option on that stock by setting your STRIKE PRICE just below the current price, @ a price you are comfortable owning it at. Say $65.00! You will need at least $6,500.00 in your account to cover this PUT contract 👍🏻

@laughuntilyoucryordie

3 ай бұрын

You only sell CALLs on the stocks you already OWN! You must own no less than 100 shares to sell a CALL 👍🏻

This video is old fb is meta now is this still a valuable strategy

There are a lot of videos that say the wheel strategy is dangerous. Can you make a video that focuses on the risks and what to do?

@zoraster3749

Жыл бұрын

Big shifts in stock price is the risk. You sell a put at $90 on a $100 stock and then it drops to $70. You get the shares put to you at $90 now when you go to sell a covered call the premium will be so low if you sell it at $90 (in order to break even on capital) or if you want premium you have to sell at $80… if the stock recovers and your shares get called away at $80 you’ve now realized a $10 loss or $1,000 per contract (less whatever premiums you’ve collected). Rolling your positions as they start to get ATM or ITM rather than waiting until they get buried is key to avoid that. Also, avoiding positions near earning reports or other big news can also reduce these swings.

@JohnSmith-dv6vo

Жыл бұрын

The wheel strategy is as dangerous as just buying the stock outright, if it plummets you’ll have a large unrealized loss. Best way to avoid this is to pick reliable stocks/etfs

Can you do it on Tesla please since it always has great premium.

@stephenz1663

Жыл бұрын

tesla need high margin !if you sell one contract need about fifty thousands dollars

@stephenz1663

Жыл бұрын

Five thousand

‘Only’ means one. I think it can be used in circumstances like 100 but seems like it means ONE. What does “only 197000” imply? Merely? A meager? Grammarians are rarely appreciated

Why are you using Robinhood footage that's one year old?

Has he lost 400k this year or did he take money out?

@SnowballHustle

Жыл бұрын

It’s an old video. PLTR is at like 7 not 12

@Bert-hj5gr

Жыл бұрын

He bought a lambo

Sold 14 contracts @420 on SPY? How is that trade working out for you? Did you get assigned the shares? Just Wanna know how you’re managing that trade.

@KnockoutInvesting

Жыл бұрын

He opened that trade???

@Brayness

Жыл бұрын

That footage is one year old. Tesla and Amazon prices are pre-split

@chiefetwful

Жыл бұрын

@@Brayness 👍

this guy is dangerous. Beware

Great video. Is there any disadvantages to running the wheel daily on SPY? Every video I see they seem to do monthlies or weeklies.

@InvestwithHenry

Жыл бұрын

Not that I can really think of

@jamesfarrington9850

Жыл бұрын

Nice. Thank you for the content.

I was hoping to see trades on SPY and also where the $197,000 came into play.

@physicalinvestor

Жыл бұрын

I was also a bit surprised that Henry didn't use the example that he mentioned in the title and intro in the video. I presume that when he made the video, $197k could give you enough buying power for 500 shares of SPY. A weekly option close to ATM put at $407 strike 7 DTE right now (5/2/23) is about $250 - so that would be $1000 per month. $1000/month x 5 contracts = $5000.

@rtrt2224

Жыл бұрын

Also why is he saying you can trade spy options every day they don't expire every day?

@physicalinvestor

Жыл бұрын

@@rtrt2224 SPY has expirations Monday thru Friday now

Repost. Quality vid. Wheel strategy is simple. Still needs to be managed properly

@infantryrocks

Жыл бұрын

Definitely a repost. I own PLTR, and it hasn't seen $12 in quite a long time.

Hi Henry But, to sell these puts you need to have more than 40,000$ money in your account…. This is not an amount usually people have.. what about smaller accounts???

@123lowp

9 ай бұрын

Learn to code, make $, then come back

@johto

7 ай бұрын

@@123lowp And then lose the money, rinse and repeat 😅

the wheel really does feel like a cheat code !! thanks Henry

Amazon 2700 put what?!

Spy today 0.2 delta strike 388 for 7days out (Apr 3rd) is $1.21 ask, (let say you get it at ask), then for $200k you get 5 contracts so you get around $600 per week, which is $2400 per month which is 1.2% per month. Not bad, but not close to 3%. Today was an up day, quote for a put probably higher on a down day, but still a bit low..

@Originalpro

Жыл бұрын

You are right, I didn’t figure it out how he calculated to 5 k a month

@investmentgains

Жыл бұрын

exactly correct SPY premium is very low and thats because its considered a safer ETF than others, but if you want to use the wheel strategy to grow your portfolio I think there's higher paying premium safe stocks out there

@Bert-hj5gr

Жыл бұрын

Run it daily …March 29 $392 strike is just over .2 delta …$78 per x 5 is $390 per day …$1950 per week

@darickyeo603

Жыл бұрын

@@Bert-hj5gr If you do it daily, you'll have to see the premium of the .2 delta on the day itself. I suspect it will not be that much. Still won't be close to 3%.

@Bert-hj5gr

Жыл бұрын

@@darickyeo603 I just literally explained to u in detail how it works using exact #s from when I posted …and u still find a way to doubt it

can you actually show us instead of using pltr as an example? show us like I am Brandon 1,2,3

if it was that easy everybody would do it, now pltr is 7$, and now you can sell crappy calls for 10$ premium while sitting on a massive loss not even talking about it going to 0 still a possibility

EVIDENCE that one can earn 3 percent a month on exactly 197K? Or were these numbers just pulled out of thin air?

@jzgtr100

6 ай бұрын

I’m afraid the title is just clickbait. Lucky to get .5% return on margin at 20 delta. Hopefully we get a correction, if you’re lucky enough not to be holding a lot of stock. Crazy environment at the moment.

@SmilingSynic

6 ай бұрын

Yes. How many suckers are making money selling otm puts and calls right now, and then are going to get greedy and overleverage, only to take a huge hit on the inevitable correction? @@jzgtr100

Oh, Henry!

Okay genius. I'm taking notes. I have 197k in my Robinhood account.

youre not retired if you have to do this much work.

No one in their right mind would have a portfolio with only one position, regardless if it is considered "diversified".

For those selling puts on individual stocks and you are worried about it falling 20% simply make sure the stock you pick has good dividends such as KO or F this way you can collect 4 % dividends while waiting on it to come back up. Cheers

@pabloe1802

7 ай бұрын

Still waiting on zoom to come back :)