I Made $53,000 in Two Months Trading Options - Here is How

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What Is a Call Option?
Call options are financial contracts that give the option buyer the right, but not the obligation, to buy a stock, bond, commodity or other asset or instrument at a specified price within a specific time period. The stock, bond, or commodity is called the underlying asset. A call buyer profits when the underlying asset increases in price.
A call option may be contrasted with a put, which gives the holder the right to sell the underlying asset at a specified price on or before expiration.
The Basics of Call Options
For options on stocks, call options give the holder the right to buy 100 shares of a company at a specific price, known as the strike price, up until a specified date, known as the expiration date.
For example, a single call option contract may give a holder the right to buy 100 shares of Apple stock at $100 up until the expiry date in three months. There are many expiration dates and strike prices for traders to choose from. As the value of Apple stock goes up, the price of the option contract goes up, and vice versa. The call option buyer may hold the contract until the expiration date, at which point they can take delivery of the 100 shares of stock or sell the options contract at any point before the expiration date at the market price of the contract at that time.
The market price of the call option is called the premium. It is the price paid for the rights that the call option provides. If at expiry the underlying asset is below the strike price, the call buyer loses the premium paid. This is the maximum loss.
If the underlying's price is above the strike price at expiry, the profit is the current stock price, minus the strike price and the premium. This is then multiplied by how many shares the option buyer controls.
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DISCLAIMER:
This video is for entertainment purposes only. I am not a legal or financial expert or have any authority to give legal or financial advice. While all the information in this video is believed to be accurate at the time of its recording, realize this channel and its author makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in this video.
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Пікірлер: 299

  • @JakeBroe
    @JakeBroe3 жыл бұрын

    Thanks for watching everyone! If you found this video interesting, then give it a LIKE to support my channel! Also, you can check out my entire playlist for my brokerage account challenge here: kzread.info/head/PLscTZuOqKWIyS6LKoVjC_fifTSiwrxdNV

  • @zohaibabbasi5670

    @zohaibabbasi5670

    3 жыл бұрын

    Hey how long are your calls options? Like 6 months? A year?

  • @Alvin_1914
    @Alvin_19143 жыл бұрын

    What we have here is Jake ascending to level of chess gmaster while us passive investors are still playing checkers. Bravo good sir! Bravo

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks Alvin! I am trying my best to figure this out. I don't wanna work anymore, lol

  • @muffemod

    @muffemod

    3 жыл бұрын

    Passively invest in gmasters :)

  • @Colton.ontheadventure

    @Colton.ontheadventure

    3 жыл бұрын

    @@JakeBroe you’re not far from it!

  • @anzocarlitos
    @anzocarlitos3 жыл бұрын

    You’re the most honest person on KZread my friend! I truly truly appreciate that. 🙏🏼🙏🏼🙏🏼

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks so much Carlos! I try!

  • @Watema23

    @Watema23

    2 жыл бұрын

    @@JakeBroe I think you should plan a study session for ur subscribers on zoom meeting.

  • @ayushmishra3370
    @ayushmishra3370 Жыл бұрын

    This is amazing. No bs, just straight education and sharing your experience. I look forward to more of your videos now.

  • @cyril_ogude
    @cyril_ogude3 жыл бұрын

    I remember you making the first video and I scoffed thinking you couldn’t double but clearly you’re good at this. I know it’s extremely speculative but this is so exciting to watch

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Haha! Well, I was equally prepared to blow up my account and then make videos about it. I am hoping I can hit 100% gain in my Schwab account this week so I can stop documenting everything. It's been a tad stressful the last 4 months!

  • @innovationroom3701
    @innovationroom37015 ай бұрын

    One of the best overall concise explanations of active trading you will find on KZread.

  • @bhavikbhat
    @bhavikbhat Жыл бұрын

    Absolutely love how you provide clear understanding of many moving things related to stocks/options and just genuinely honest!! Thanks so very much. Going to go through more videos now...

  • @britbaber603
    @britbaber603 Жыл бұрын

    I like you channel because you aren't trying to sell anything, but just provide information. I appreciate that very much. I am trying to learn more about shorting and options, but there isn't a lot of Good videos on it.

  • @leejmuam1
    @leejmuam13 жыл бұрын

    Bravo to you for just sharing your knowledge with us. No pressure. No affiliate program. Just great videos.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks for watching Gyl! I'm just here to talk about finance and investing with people, haha. No pressure!

  • @SpanishCartoons5
    @SpanishCartoons53 жыл бұрын

    This is the *exact* video I have been scouring the past days for on youtube. Thank you, Jake

  • @siddharthmunshi6190
    @siddharthmunshi61902 жыл бұрын

    Enjoyed your video. You deserved to be a professor. You gave indepth and honest assessement for making money using basic skill sets. Thank you.

  • @wolfgangi
    @wolfgangi3 жыл бұрын

    Jake I really appreciate you making all these educational videos. I love your honesty!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks Wolfgang! I appreciate you supporting me and my content! Cheers!

  • @Colton.ontheadventure
    @Colton.ontheadventure3 жыл бұрын

    Jake is the man! He makes it easy to understand and as a bonus even shows how to use the actual interface.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    That's what I am here for Colton! Cheers!

  • @user-ip7yf3ii2k
    @user-ip7yf3ii2k5 ай бұрын

    Hi Jake. I have been watching your channels for awhile. You are one of the best! Clear and simple. Louisa

  • @freddrake2825
    @freddrake282510 ай бұрын

    Your discussion of fundamental stock analysis was extremely helpful. I took extensive notes and I plan to follow your example when evaluating stocks in the future.

  • @henrymassawe699
    @henrymassawe6993 жыл бұрын

    Here comes another good presentation.I do appreciate your time, honesty,passion,energy and humble enough to share this educative information to all of us.Thank you Jake.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks henry! Cheers!

  • @eyobhagos4899
    @eyobhagos48993 жыл бұрын

    Jake I really appreciate you making all these educational videos. Can you please show us how, buy to open and sell to close on fidelity platform. thank you!

  • @lho316
    @lho3162 жыл бұрын

    Thank you for sharing. Your investiment strategy makes lots of sense.

  • @ultraviolethaze6212
    @ultraviolethaze62122 жыл бұрын

    Going through all of your options videos. Thank you

  • @thegracemovement8325
    @thegracemovement83252 жыл бұрын

    Oh my... you are so honest and clear! God richly bless you!

  • @fixtaurus
    @fixtaurus Жыл бұрын

    Jake I love your channel. It’s been great starting point to learn the basics and a resource full guide on where to get more valuable information. Thanks for sharing

  • @Aifun8
    @Aifun82 жыл бұрын

    @jakebroe thanks for sharing an awesome video. In your video when you spoke about moving averages were you referring to simple or exponential moving averages

  • @zeus2965
    @zeus29659 ай бұрын

    hey jake. you are one of few youtubers with qualitative content. sharp helpful and right on the point. great video as usual. just subscribed. thank you.

  • @KClark
    @KClark3 жыл бұрын

    This video is incredibly informative, thank you!. You did a great job breaking down your criteria for stocks and how to get the data. This helped clarify some concepts I didn't understand, thanks for sharing.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Awesome! Glad it was easy to understand Kevin. Cheers!

  • @kratos9174
    @kratos9174 Жыл бұрын

    Jake , i definitely a NEW SUBSCRIBER , Honest advice and a lot of knowledge , thank you

  • @philip48230
    @philip482305 ай бұрын

    As always. Been following your Ukraine blogs. Wished I’d checked out these other blogs earlier. Your summary one of the better. When I watch yours and other KZread I reflect on where I made errors in the past … downside 30-40 years ago this info was not easy to access. THANK YOU.

  • @monkeywithoutbrain907
    @monkeywithoutbrain9073 жыл бұрын

    Great video as always Jake! I've been investing for a few years now, and recently started dipping my toes into options. I bought calls recently that are expiring in a few weeks. Is it generally best to sell the calls when the stock price is running up, or exercise the options and sell the stock right after?

  • @lancequas
    @lancequas3 жыл бұрын

    Thank you, Jake. I really appreciate you sharing for no other reason than to help the rest of us understand

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    I'm here to learn and share what I learn! Just happy to be here and have people with me. Cheers!

  • @OMG-ys6ef
    @OMG-ys6ef2 жыл бұрын

    so glad i saw your channel! thx you jake!

  • @JakeBroe

    @JakeBroe

    2 жыл бұрын

    Thanks OMG! Glad you found my channel as well! Cheers!

  • @user-zf9ve5rx6j
    @user-zf9ve5rx6j3 жыл бұрын

    Thank you for sharing your experience!

  • @daves2960
    @daves29603 жыл бұрын

    Just keep doing what you’re doing! Your system is returning good results. No need for greed. Obviously no need to deviation at this point. Good job!!!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks Dave! I'm doing my best!

  • @nightelf7921
    @nightelf79213 жыл бұрын

    It is really really a very good guideline to start with. Thanks!

  • @markl9620
    @markl96203 жыл бұрын

    Jake, great videos, thanks! This video went over how you pick the stocks, but could you break down how you chose the options, strike, expiration, cost, etc?

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Hey Mark! I cover all this in my videos in my options trading playlist, but I can make a video giving more to the point tips. That might be coming next week!

  • @stellaliang376
    @stellaliang3762 жыл бұрын

    Thank you for sharing so much with us on your channel! One of the skills set you shared to equip with is Technical Analysis, do you have any KZread Channels or Books to share with us?

  • @genelevesque2555
    @genelevesque2555 Жыл бұрын

    This video is amazing! I am just getting started and I love the way you explain things. I just today converted my traditional IRA into a Roth, believing that I am going to really grow that money doing options. Then be able to take money out in retirement tax free. Is that what you are doing as well? Excellent content, love how you taught yourself all of this!

  • @solwlady7021
    @solwlady70212 жыл бұрын

    Your channel is absolutely great, very clear, thank you!

  • @JakeBroe

    @JakeBroe

    2 жыл бұрын

    Thanks Sol! I appreciate that!

  • @Bangpaulxu
    @Bangpaulxu3 жыл бұрын

    Congrats Jake! That is amazing!!!!!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks Bangpaulxu! Cheers!

  • @javierromero7976
    @javierromero7976 Жыл бұрын

    Thank you. I learned a lot, I appreciate it!

  • @GaryMartinezinnovativeagile
    @GaryMartinezinnovativeagile3 жыл бұрын

    Well done sticking with and trusting your process. 👍🏽

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    That's all I can do Gary! Everything else just doesn't make sense to me. Cheers!

  • @anything_about_everything
    @anything_about_everything2 жыл бұрын

    I have been bingeing your videos.. Love you content and your way of explaining concepts with screenshot and charts. Followed you on instagram as well. Thank you so much for the video :)

  • @StevenYang95
    @StevenYang953 жыл бұрын

    It's amazing to meet someone who also trade options and stocks in the stock market! I'd love to connect with you and learn more about your experience in the process of joining the military and trading options. I'm also interesting in joining the military after college this year and I'm trading stocks (options too). I have no previous experience in military.

  • @RobertSeviour1
    @RobertSeviour12 жыл бұрын

    i'm going to sound like a 'groupie', I know, but Jake, the quality of your video teaching is outstanding. I think you win the 'Internet All-Comers Trophy'.

  • @asabry4126
    @asabry41263 жыл бұрын

    I haven't seen one of your videos in a while but just wanna thank you for your tsp advice. I'm up 80k over the past year. My PIP is 62%!!!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    That's awesome Sabry! Glad your accounts are looking solid!

  • @jarrettpierce5626
    @jarrettpierce5626 Жыл бұрын

    your stock picking criteria is very good thank you for your video, im going to mirror your system

  • @garthmccarthy4572
    @garthmccarthy45722 жыл бұрын

    such valid and vital info share - well done Jake!!!

  • @JakeBroe

    @JakeBroe

    2 жыл бұрын

    Thanks Garth! Cheers!

  • @surajkumarwaghmode2286
    @surajkumarwaghmode22867 ай бұрын

    Best video on stocks by far

  • @simonebunsen
    @simonebunsen3 жыл бұрын

    So impressive Jake! This has been fun to watch!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks for watching Simone! Cheers!

  • @DailyMeditation365
    @DailyMeditation3653 жыл бұрын

    Jake - can you talk about how you pick your strike price and how you set the date of your call options? Great video, congrats!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    I always just go with the closest OTM strike price and select an expiration date 4-6 months out. My intention always being to sell to close it before the last 1-2 months.

  • @nikolaispence4370
    @nikolaispence43702 жыл бұрын

    Great video!

  • @adityapatki151
    @adityapatki1512 жыл бұрын

    Great video .. we rarely see such good video about option buying. Can you provide some info about how do you select strik price and expiration while buying call ?

  • @jeffconner8231
    @jeffconner82313 жыл бұрын

    this video is awesome. just re-watched after learning for the past month and can understand more. i'm really wishing you had some bond investing videos and wanted to ask you to consider it here. i've heard an investment strategy i like to fluctuate from 0-20% bond allocation and basically sell high on bonds to buy low on stocks and repeat. I'm hoping after you complete your challenge soon you'll be ready for the next thing...and i would really love to hear your perspective on an equally complicated subject

  • @stabys
    @stabys2 жыл бұрын

    Your videos were very informative and the narration in very simple words and I found it very very useful. Thanks Jake. Continue the good work.

  • @JakeBroe

    @JakeBroe

    2 жыл бұрын

    Thanks stabys! I appreciate it!

  • @VickiBowers
    @VickiBowers3 жыл бұрын

    Good Work, Jake! I do pretty well in trading now (thanks to options) and am listening to this video again to take notes on your selection process. Also shared this vid with someone I like who's down about 25-30% since she began trading 😳 and has had a difficult time with the whole options experience. I think your common-sense approach will help her a lot, so, thanks for doing this, especially this particular series.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Awesome! Thanks for the support and sharing my content Vicki! Cheers!

  • @christianarice
    @christianarice3 жыл бұрын

    Jake Great Video as always 👏🏾. Thanks for your help!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks for the support C! Cheers!

  • @sheshenainaiheeman8026
    @sheshenainaiheeman80267 ай бұрын

    Day and swing trading is actually some of the safest trading if you do it safely and don’t trade directionally and stick to the indexes

  • @YorkshirePork
    @YorkshirePork Жыл бұрын

    Your videos on Ukraine have been outstanding. I am just going back and starting to watch some of these videos from before the war. Very interesting and easy to understand. Thanks for your content from 🇬🇧

  • @sexyemay2526
    @sexyemay25267 ай бұрын

    Another great video. Thank you so much.

  • @UpwardMindset-he5mz
    @UpwardMindset-he5mz Жыл бұрын

    Thanks fir another clear and informative video❤

  • @sidemoney1707
    @sidemoney17073 жыл бұрын

    Jake, I like how you do that! Thank you for sharing your tips.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    More tips coming in the next video! So much to say!

  • @rigo.garcia
    @rigo.garcia3 жыл бұрын

    Congratulations 🎉

  • @Dale_A0992
    @Dale_A09922 жыл бұрын

    This video is worth its weight in gold, job well done sir. It took me weeks to find this kind of information, keep it up buddy!

  • @JakeBroe

    @JakeBroe

    2 жыл бұрын

    Thanks Dale! Glad you found the channel! Welcome!

  • @art_without_borders
    @art_without_borders3 жыл бұрын

    The best channel on finances on KZread. Advertising it on Reddit lately, as it worth it.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thank you so much Mila! I greatly appreciate the support! Cheers!

  • @social3ngin33rin
    @social3ngin33rin Жыл бұрын

    great explanation of what you went over :)

  • @CampaignFT
    @CampaignFT2 жыл бұрын

    absolute legend man.

  • @camsreactions1513
    @camsreactions15133 жыл бұрын

    honest work simple explanations! you’ll be st 100k subs in no time thanks for the learning

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks cam! I sure hope so! We'll see!

  • @VLOVE-jp7qo
    @VLOVE-jp7qo3 жыл бұрын

    I’m just really trying to study and learn Bc this is amazing to me 🤓

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks LOVE! Cheers!

  • @greentom9189
    @greentom9189Күн бұрын

    I wish you would do investment videos again. They were great, honest and extremely educational.

  • @siegelpmp
    @siegelpmp2 жыл бұрын

    I'm learning some good stuff, Jake. Love your transparency too. BTW, you mentioned there were only about 100 stocks you'd consider. Did you screen the entire S&P 500 one at a time or did you se a screener to find those key 100 stocks?

  • @deadleague3618
    @deadleague36183 жыл бұрын

    Thanks Jake I am going to binge your options playlist and put in some time to learn how to do this.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Haha, you've been with me this long deadleague, so I feel like you are smart enough to pick it up. Cheers!

  • @deadleague3618

    @deadleague3618

    3 жыл бұрын

    @@JakeBroe I’ve definitely learned a lot from you. Thanks Jake!

  • @Patriots2004
    @Patriots2004 Жыл бұрын

    Jake, I bet we would be friends - always enjoy your thoughts and candor

  • @scottpreston5074
    @scottpreston5074 Жыл бұрын

    Fascinating. I'd like to learn more. 👍

  • @LMF-ct4lt
    @LMF-ct4lt Жыл бұрын

    Great video Jake. What strategies do you like for your personal accounts? I am new at this and get a bit overwhelmed by all the different youtube opinions.

  • @santyv9466
    @santyv94662 жыл бұрын

    Awesome dude!

  • @samr6148
    @samr61483 жыл бұрын

    Well done! Thanks for sharing.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks for sticking with me all this time Sam! Cheers!

  • @ganador6122
    @ganador61223 жыл бұрын

    I'm fine with boring stocks as long as they make me money. Thank you for all the information.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Same Jose! I was boring and predictable stocks that I can leverage and make money off of.

  • @robertthompson5908
    @robertthompson59082 жыл бұрын

    I’m not ready to do this myself but good for you Jake!

  • @JakeBroe

    @JakeBroe

    2 жыл бұрын

    Thanks Robert! Cheers!

  • @prswarna
    @prswarna2 жыл бұрын

    Can you do a video on technical/chart analysis in the most simplest terms for beginners?

  • @phenry3552
    @phenry35523 жыл бұрын

    Thanks Jake. Still learning dude great informative content. I don't have the dollars to invest much, but I am trying. You are the best!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks Henry! I appreciate that!

  • @PvtHudson
    @PvtHudson3 жыл бұрын

    Congrats on all the gains, Jake!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks Hudson! Cheers!

  • @na-cp9kp
    @na-cp9kp3 жыл бұрын

    Pretty impressive Jake. This is a good share. Thanks!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Always happy to share what I learn! Cheers Turtle!

  • @shb377
    @shb3773 жыл бұрын

    One of the most important videos I have seen. Wishing I saw this before losing a lot on PLTR CCIV FUBO etc. Big thank you Jake. One follow up question, How do u know when to baseball swing which stock. Do u keep checking all the 100 companies on a regular basis.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Hey Shiv! My next video will go more in depth with finding stocks. The answer now is that I have fractional shares of hundreds of companies in my brokerage account and every day I sort by biggest gainers or biggest losers and I just check a couple by looking at their charts and their fundamentals. When I find one I like, I make a buy!

  • @yogeshlinganna521
    @yogeshlinganna5213 жыл бұрын

    Great video Jake. Thanks for sharing..

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks for watching Yogesh! Cheers!

  • @fsauceda3
    @fsauceda33 жыл бұрын

    Jake, outstanding overview!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks Fernando! Cheers!

  • @RHEYMS
    @RHEYMS3 жыл бұрын

    Great video 👍

  • @athena5557
    @athena55572 жыл бұрын

    Thank you! This is very helpful!

  • @JakeBroe

    @JakeBroe

    2 жыл бұрын

    You are welcome Debjani! Cheers!

  • @khafreahmose8768
    @khafreahmose876810 ай бұрын

    I basically learned how to trade options from this playlist. I cannot thank you enough for all of your work Jake! You're the muthaf$#$in man!!! 👏🏾👏🏾👏🏾

  • @yvnnewd9217

    @yvnnewd9217

    3 ай бұрын

    how is it going for you now?

  • @khafreahmose8768

    @khafreahmose8768

    3 ай бұрын

    @@yvnnewd9217 I was making money for a short time but gravitated towards trading futures contracts bc it aligns with my lifestyle quite nicely. I plan on coming back to options by doing the wheel strategy sometime in the future tho.

  • @mrrockenrock
    @mrrockenrock10 ай бұрын

    Just subscribed. All your videos are presented clearly. In this one Adobe was $525 on 16Apr21and all the technical indicators and company financials looked good. After 16 Apr it immediately went below $525 until 10Jun21. Unless you bought at 2month or longer call you would lose. Yes, I agree all is risky buying options! I think selling Calls and Puts will be for me! Anyway fun to learn with your clear explanations and graphics!

  • @matthewsherwin8741
    @matthewsherwin87413 жыл бұрын

    I am happy for you, Jake! I personally go with long positions on individual stocks as you know but to each his own. I wish you the best! 👍👍👍

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    thanks matt

  • @matthewsherwin8741

    @matthewsherwin8741

    3 жыл бұрын

    @@JakeBroe Actually, I have a quick update for you, Jake. We no longer have a tie! I lost some money in the stock market today so depending on how you did today (Monday) you may now be up more than I am. I lost about 12k today (ouch) but fortunately the stuff I have is all good quality stock. It will almost certainly come back. Hope you had a great day!

  • @jimshaun
    @jimshaun3 жыл бұрын

    This is one of my favorite channels to keep up on. About how far out do you typically buy your call options for companies like these?

  • @jimshaun

    @jimshaun

    3 жыл бұрын

    or rather how are you determining how far out your expiration dates are

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Hey James! I like to buy to open at the money options 6 months out. My intention is always to sell to close them 2 months before expiration to avoid losing the rest of the theta value.

  • @sergiydanko5676
    @sergiydanko56762 жыл бұрын

    Hi Jake thank you for your videos. Can your share your thoughts about how to choose a right strike if you are buying a calls. Thank you in advance an greetings from Germany.

  • @GamoYRN
    @GamoYRN3 жыл бұрын

    Jake!!! Good info once again.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks Bobby!

  • @Yeah_Buddy_LIGHTWEIGHT
    @Yeah_Buddy_LIGHTWEIGHT3 жыл бұрын

    If I may add, not only is your playlist helpful and those other channels helpful, but actually practicing options and options strategies is helpful. I opened a TD Ameritrade account just to use their paper trading in Think or Swim. It's proven to be very helpful to practice, learn, and make mistakes without risking my own money. Highly recommend!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    I've heard good things about TD Ameritrade's paper trading. I've never tried it, but since Schwab bought out TD, I'm hoping I get access to that sometime to try it out. Cheers!

  • @whatisheartscont2be645
    @whatisheartscont2be6453 жыл бұрын

    Very concise video, I learned a lot.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Awesome! Thanks for watching!

  • @investandcyclecheap4890
    @investandcyclecheap48903 жыл бұрын

    thanks Jake, its been great watching your success!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks Dan! I appreciate the support!

  • @investandcyclecheap4890

    @investandcyclecheap4890

    3 жыл бұрын

    @@JakeBroe do you have any thoughts on President Biden's possible capital gains bill?

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    @@investandcyclecheap4890 , almost everyone in Congress is a millionaire who trades on insider information (which is legal for elected people of Congress). It has no chance of passing... so people who want to worry about a big nothing are free to do so.

  • @zunar_j5_933
    @zunar_j5_9333 жыл бұрын

    Another solid video!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Thanks Zunar! Cheers!

  • @EntertainmentEV
    @EntertainmentEV Жыл бұрын

    You need to start again a new challenge..... it would be great for a lot of people that are starting like me...

  • @johnhenderson7081
    @johnhenderson70813 жыл бұрын

    Lot depends on the market also. The good thing about options is even in a bear market, you can make great money with puts.

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    That's the plan John! I'm waiting for the fed to raise interest rates and as soon as the velocity of money in the economy slows down, it will be a great time to buy some puts!

  • @johnhenderson7081

    @johnhenderson7081

    3 жыл бұрын

    @@JakeBroe I am kind of cautious now for any long term investing for myself nearing retirement. Have plenty of cash on side waiting for another possible deep like last March if it will ever get there. Either way, looking forward to learning more about trading options out longer than a few weeks with my Schwab account.

  • @philipcrane2701
    @philipcrane27012 жыл бұрын

    You are awesome!!!

  • @NaamWynn
    @NaamWynn3 жыл бұрын

    You the GOAT!

  • @JakeBroe

    @JakeBroe

    3 жыл бұрын

    Takes one to know one Naam! Cheers!

  • @djjohnpiazza7043
    @djjohnpiazza70439 ай бұрын

    Hey Jake! Can't tell you how much I appreciate your work on Y.T.. You have helped me out a lot. I have a burning question that relates to selling put options and when to "sell to close" Today I had 4 contracts with QQQ with a strike price of 367.50. This morning the stock fell a lot and I "sold to close" all four of my contracts right before QQQ dropped below my strike price. My account showed I was way up. I had a cost basis at 1.71 and I sold at 2.74. I still had until Friday before the contract expired and it was a week long 7 day contract. Instead of making the initial premium of 684.00, I sold and I "think" I made 1093.00 instead. Was this wise? Could I have done something else? Eventually the stock did drop below my strike price right after I "sold to close" my position. Thank you so much in advance Jake!