ONLY SPY Option Strategy

💰Get My Trades: coaching.investwithhenry.com/optin
📗Options Book - henrysinnercircle.com/steady
📧Get My Emails FREE Here: www.investwithhenry.com/stupidrich
📈Get Option Software: www.optionsfy.com/invest-with-henry
----------------------------
𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!

Пікірлер: 448

  • @Mute_Panda84
    @Mute_Panda84Ай бұрын

    I like this dude, doesn’t sound gimmicky or salesy. Subbed.

  • @KatherineAnderson-lm8bw
    @KatherineAnderson-lm8bw10 ай бұрын

    I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.

  • @brittanynicolette9473

    @brittanynicolette9473

    10 ай бұрын

    This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?

  • @SophiaBint-wj8wn

    @SophiaBint-wj8wn

    10 ай бұрын

    I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.

  • @philipcollen482

    @philipcollen482

    10 ай бұрын

    I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.

  • @PhilSommer2

    @PhilSommer2

    10 ай бұрын

    That's impressive! I could really use the expertise of the advisor, my portfolio has been stagnant.... Who’s the person guiding you?

  • @blessingpaul5484

    @blessingpaul5484

    10 ай бұрын

    Thanks for this tip. His website popped up on the first page immediately I searched him on google web, I read through his resume and it seems pretty tight. So, I dropped a message & hopefully he replies soon.

  • @sasasa6324
    @sasasa632411 ай бұрын

    thank you Henry. This is one of the many great videos. I would like to know by rolling a ITM cover call, means you are closing the current one for a loss and buy a further DTE & higher strike price cover call, right? Since you are buying Nov cover call, why did you choose 444 only $3 away from your current strike but not going for higher? Thank you.

  • @quiztopics7395
    @quiztopics73959 ай бұрын

    Love this video! 👍🏻 Question: How does the wash rule apply to options and assignments as I’m sure as you average lower there will be times assignments are higher within the 30-day period. Do you move to alternative stocks during that period? Thanks!

  • @SB-oi4jx
    @SB-oi4jx11 ай бұрын

    Hi Henry, when do you close stocks that you running the wheel on? If you are up big on holding shares do you ever close them out? Or do you continue to sell calls and puts?

  • @krunchyapples
    @krunchyapples10 ай бұрын

    You told me exactly what I needed to hear because I *always* kick myself for closing out a position too early and missing out on further potential gains. It's good to be content with making any gains at all as long as it's consistent

  • @royalsof
    @royalsof11 ай бұрын

    Love your non scripted approach, and you are my most watched on KZread. My portfolio is about what it takes to click and buy your link (on day I will though), so covered calls can't be my thing. I'm doing ok but options over earrings calls, but it still feels like gambling. I'd love to see deeper into your analysis methodology for small account trading strategies! Keep doing it your way as it's the best options education on KZread.

  • @InvestwithHenry

    @InvestwithHenry

    11 ай бұрын

    Thank you!

  • @svnbit8408

    @svnbit8408

    3 ай бұрын

    ​@@InvestwithHenry You just mentioned you have students, that's something I need, gonna check ya out, few minutes in you have a lot of insight into behavior and personas etc and id love to get your takse on particular strategies for setting up for long term, and short term, I'm really interested in building business credit fast for other endeavors etc. Sounds like financial advisor stuff but I'm sure I could articulate better over a call and I'm sure you're familiar with some common use cases, your own experience etc. as you developed and prioritized. Cheers

  • @halbouma6720
    @halbouma672011 ай бұрын

    Thanks for the video! I've been rolling in the money call options as well for the reason you give.

  • @Funnyandstupid7
    @Funnyandstupid711 ай бұрын

    @henry I have to say thank you I always traded options before I met your channel but you made my life simpler since I watch your videos and in the last few months joined your discord

  • @alainsoltura
    @alainsoltura9 ай бұрын

    Love the unscripted videos! Thank you for all your knowledge and showing your personality on videos. Great stories to teach as well. A+

  • @lovingleo11
    @lovingleo1111 ай бұрын

    Great video! Just wondering as to when do you decide to roll? Do you have some mechanics around it?

  • @Bmlutfi
    @Bmlutfi4 ай бұрын

    As you are selling covered call options on SPY, in the case when your shares get assigned, do you go immediately and buy replacement of these shares? and in that case what do you do with the wash sale issue? Whether SPY or any other stock

  • @sincitycapital
    @sincitycapital11 ай бұрын

    He makes the 2 million fast trading Tesla with out of the money spreads then says I'm just here for the people who are serious and want to get rich slowly only opening 15 delta credit spreads that make like $20 with risking $500. Nobody who already has 6 figures and knows anything would ever spend their time watching these silly videos where he contradicts himself from like 2 videos earlier all the time like with rolling for example where he says it's stupid one video then a week later rolling is great and that's what he always does. Mixed in with trick thumbnails and titles and weird mood swings and trashing America even though he'd never have that 2 million if he grew up in Moldova or Ukraine. I'm sure rich, "serious", sophisticated investors are just lining up to take his advice.

  • @sammyjarochito2755
    @sammyjarochito275511 ай бұрын

    Hey Henry, I really enjoy this type of videos where you just talk and go over your Robinhood account. It's like a lecture to me. It's a type of lecture where I really enjoy every second of it. It's very valuable to me hearing about your experiences. You tell us the truth and that means a lot. That means you actually care about us. You want the best for us. God bless you Henry.

  • @papablue3352

    @papablue3352

    11 ай бұрын

    👆

  • @rrallen13
    @rrallen1311 ай бұрын

    Henry,doesn't Selling Puts have the same risk profile as a Covered Call strategy? Do you employ that strategy? If so, have you any videos of your trades in that? Thanks, been watching your videos regularly.

  • @user-mu4sm4nb1d
    @user-mu4sm4nb1d9 ай бұрын

    I love your videos! Thank you. We feel your heart and you truly care about helping people

  • @chuckmc8979
    @chuckmc897911 ай бұрын

    Just beginning the journey 😊.Definitely using ALL,ALL your time-tethered knowledge in my basic, simple (KISS)trades. High prob %(boring)BUT EFFECTIVE trades you have taught! Thank YOU Henry! God bless you!

  • @buensomeritano1755
    @buensomeritano17559 ай бұрын

    Good point about safe and boring vs risky and fun. That said, what are your thoughts regarding market neutral strategies vs directional strategies?

  • @cristobalcardona5592
    @cristobalcardona559211 ай бұрын

    You are 100% correct selling covered calls on SPY is a great strategy. It just takes 45,000 more or less as seed money!

  • @josephsaeteurn9158

    @josephsaeteurn9158

    11 ай бұрын

    lolz

  • @komandirlowe6104
    @komandirlowe610411 ай бұрын

    Great video. Thank you!

  • @isuru7777
    @isuru777711 ай бұрын

    Hi Henry. Thank you for very interesting video. Could you please tell me whether we can do this with SPX as well.

  • @InvestwithHenry

    @InvestwithHenry

    11 ай бұрын

    Yes we can

  • @IllusiveMan343
    @IllusiveMan3433 ай бұрын

    I have a 502c that expires April 5th .... do you suggest selling dailies or weeklies and what would I do as you get closer to expiration. I am doing PMCCs. Thanks!

  • @rickshipley7232
    @rickshipley723211 ай бұрын

    Market has had a big run. What about letting your spy calls be called away and then sell puts on spy? Would the overall income been more in a shorter time frame?

  • @coolvideomogul
    @coolvideomogul10 ай бұрын

    what platform are you trading on in the video and in your training?

  • @watertuckey
    @watertuckey10 ай бұрын

    were you originally "put" these shares, or did you do a buy right on SPY. Or did you buy them outright?

  • @zoeytank2921
    @zoeytank292111 ай бұрын

    Every crash/collapse brings with it an equivalent market chance if you are very well informed and equipped. I've seen folks amass up to $800K amid crisis, and even pull it off easily in an unfavourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.

  • @graceocean8323

    @graceocean8323

    11 ай бұрын

    I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience since the 08' crash

  • @hannahdonald9071

    @hannahdonald9071

    11 ай бұрын

    @@mcginnnavraj4201 If that isn't the harsh reality, what is? This financial consultant you are following must be doing something right, Please who is he/she?

  • @SuperSuperSonny
    @SuperSuperSonny11 ай бұрын

    What do you think of Gold? Do you safe physical gold or use the option wheel on goldmine stocks? If not why not? Everyone is crazy for Gold at this moment?

  • @chrisa.9977
    @chrisa.99773 ай бұрын

    Addressing Minute 6:50. Take a look at some 1-2 week debit call spreads with some good premiums. (Right now 03/18/2024 that’s NVDA, COST, META just for example) Set your probabilities around 15-20% on the short strikes. And then multiplying the contracts to get you decent amount of income. And quick too! Position size according to your account. Debit spreads/risk-free Long calls/1-2 week butterfly spreads/and of course all the credit spreads because they are just the bread and butter of options income.

  • @traderkim555
    @traderkim55511 ай бұрын

    Investing IS awesome Henry!! Thank you for teaching complicated, yet simple, consistent, boring (as we know) strategies that build our portfolios so sweetly and passively. 😊

  • @valleygreen8313
    @valleygreen831311 ай бұрын

    Love the covered call strategy!

  • @dreamchaser761
    @dreamchaser76111 ай бұрын

    Love love love that you took the time to teach these strategies! My husband made me watch your video June 9th. The following day, I performed a put credit spread on SPY. All I can say is... I'm hooked!!! In a week of trading I took my $6, 300 portfolio and increased it by a little over $3K! That said, in the last week my portfolio has increased by 40.50%. It's so easy it's scary... Kind of waiting on the other shoe to drop scary! But, I'm here for it. Again, thank you for sharing your wealth of knowledge! God Bless & Safe Travels

  • @thawdani

    @thawdani

    11 ай бұрын

    so are you up another 40% this week?

  • @bixudiwon6363

    @bixudiwon6363

    11 ай бұрын

    you are on the way to loss everything.

  • @ProBuenoCo

    @ProBuenoCo

    8 ай бұрын

    Very sorry to say that I have been using put credit spread for SPY for the last 10 years and it is not possible to earn 40% even in a year. SPY does not go up steadily, it bounces up and down. When it goes through the lower strike price the loss is 4 or 5 times the premium you collect.

  • @andrewhertfelder3851
    @andrewhertfelder385111 ай бұрын

    Thanks for your vids!!

  • @user-bi8mi3qd9t
    @user-bi8mi3qd9t11 ай бұрын

    Hi..do you always roll when you are in the money even before expiry?

  • @patrickalexis6230
    @patrickalexis623011 ай бұрын

    As a total package this is one of your best videos I've watched.

  • @InvestwithHenry

    @InvestwithHenry

    11 ай бұрын

    Thank you!

  • @jamesnod1128

    @jamesnod1128

    11 ай бұрын

    💯

  • @jeffadams9805

    @jeffadams9805

    11 ай бұрын

    Agreed 😊

  • @finanziker
    @finanziker9 ай бұрын

    The premium is usually much higher on cash secured puts than on covered calls. I prefer CSP. And on a large Portfolio it is easier. If you have only 100 shares and price drops 30% you either sell a call which is below your entry price or you get almost nothing for your call at Entry price.

  • @ProBuenoCo

    @ProBuenoCo

    2 ай бұрын

    If the stock drops 30%, the CSP will get assigned and your assigned stocks will go down close to 30%. Am I missing something?

  • @finanziker

    @finanziker

    2 ай бұрын

    @@ProBuenoCo Most likely, it depends on which strikeprice you have choosen. Usually when I sell a cash secured put I choose strike price 5-10% lower than current price so you have a margin of safety and if you are assigned you are down less than if you had just bought the stock and sold a covered call at your entry price.

  • @markbeeson2858
    @markbeeson28583 ай бұрын

    Henry! Don't bash real estate! If you know how, real estate is a great business. Good or great tenants = good or great business. If you have bad tenants - well guess what - it's a bad business. Now for me, back to learning about options from you :)

  • @vhddbh097
    @vhddbh09711 ай бұрын

    Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $225K has yielded nearly $1m after subsequent investments so far

  • @Arch.ChrisRichchardson

    @Arch.ChrisRichchardson

    11 ай бұрын

    Merely looked him up on Google and was highly impressed by his credentials; I got in touch with him because I need all the help I can Get.

  • @MrsIsabella-mf4iw

    @MrsIsabella-mf4iw

    11 ай бұрын

    Thank you for this tip. It was easy to find your coach. Did my due diligence on him before scheduling a phone call with him. he seems proficient considering his Resume.

  • @EmmaWhite-zq4pq

    @EmmaWhite-zq4pq

    11 ай бұрын

    Carefully Observed benjamin harris brown online and researched his accreditation. he seem very proficient, I wrote him detailing my fin - markt..

  • @jessehenderson3013

    @jessehenderson3013

    11 ай бұрын

    ^spam

  • @TheBeebs999

    @TheBeebs999

    10 ай бұрын

    Wait for it, wait for it folks "I recommend such and such he's great you can easily find him on the net" etc. It's called 'hijacking' someone's posting, in this case Henry's. Hate it !

  • @chocolatecoveredgummybears
    @chocolatecoveredgummybears11 ай бұрын

    love your videos brother, never stop

  • @Myscentsei
    @Myscentsei11 ай бұрын

    Great strategy for those with alot of play money.

  • @geomi3185
    @geomi318511 ай бұрын

    Love your content as always Henry . Just an fyi there is a way to own real estate and do well with no issues . I buy dirt and lease it to developers. I have numerous hospitals and commercial properties sitting on my dirt and after 99 years my grandkids will still be collecting the money but will then own all the buildings . No maintenance no headache s just cash flow. They can cash it all out at that time .

  • @InvestwithHenry

    @InvestwithHenry

    11 ай бұрын

    Very interesting

  • @viralgupta5630
    @viralgupta563011 ай бұрын

    Good video. Can you talk about the tax aspects particularly the 30 day wash sale file

  • @RichardAkin-qj6xt
    @RichardAkin-qj6xt11 ай бұрын

    What stocks or ETFs did you buy in Robinhood when you started option trading? You said you started with $2k. What would you suggest I hold and how much of $6k would you invest in options? This is not the only money I have, so would you use it all for options or buy some stocks and ETFs? I'm using about $2k for options, with a 6k portfolio.

  • @billmanhillman
    @billmanhillman11 ай бұрын

    Can't thank you enough for inspiring me to build my own dreams, instead of building everyone else's. Cheers 🍾🥂

  • @sammyjarochito2755
    @sammyjarochito275511 ай бұрын

    Please keep teaching us about the Psicology.

  • @indonesiaforlife
    @indonesiaforlife11 ай бұрын

    I really agree with you with not wanting to be a landlord even tho sure, I’d be happy to be one if I have the dough. But to me I see selling covered calls is as nice as being a landlord as well without having to deal with maintenance issues. Like ur underlying stocks act as ur rental properties and the premiums u collect act as ur rent but except in this case u just need to have great management when ur cc gets itm which doesn’t require a lot to do.

  • @DribbleReel
    @DribbleReel10 ай бұрын

    Hi Henry so i do understand the concept of this covered call strategy, but for example.. if you did do the 445 cover call and collected that premium, looking at the price today ($451) you wouldve lost a lot more than what you wouldve made correct? so wouldn't it make sense to just leave the portfolio as is?

  • @janshuster1426

    @janshuster1426

    5 ай бұрын

    Sell calls at a strike you would be willing to sell. Or roll an option to a higher strike further out in time.

  • @rameshwar-oy4eb
    @rameshwar-oy4eb9 ай бұрын

    Henry ,nice video.happy to see that you have been so successful .i would appreciate if you could teach me or direct as to how and where and thru whome can i learn this rolling down or rolling up strategy . This is very very urgent ,

  • @realfastboat
    @realfastboat11 ай бұрын

    I really like the videos and info. Been watching for a long time.

  • @trinitycrown8564
    @trinitycrown856410 ай бұрын

    Thank you Henry! i want to try this !! ty ty!

  • @jc7887
    @jc78873 ай бұрын

    You are the best teacher on YT. Hands down.

  • @MyLivingRoomMusic
    @MyLivingRoomMusic11 ай бұрын

    1:18 Not quite. More often than not selling a Put has the added advantage of leverage. Although the risk profile might be similar the capital requirement is much lower in a margin account. Unless required to due to being forced to trade on a cash account, you will make the same return potentially on a covered call than a short put but on the put much less capital requirement.

  • @jackv.527
    @jackv.5278 ай бұрын

    Eye opening strategy. Thank you Henry Q: post-covid...in this crazy market..what has been your monthly ave ROI or annual on your SPY covered call strategy with the ~1.5M investment (80%) of your portfolio. Thanks again for this great content. Cheers.

  • @russellgauthier8610
    @russellgauthier86108 ай бұрын

    Henry- This is a great video and I've been following you now for a few months. Do you happen to have any risk management videos on buying cheap puts if things go sour after doing this strategy to protect capital? For instance, this last month market sell off had a lot of high anxiety and doing covered calls was nice, but then things just imploded.

  • @turklucky3122
    @turklucky312211 ай бұрын

    This certainly sounds good too, but I think its still worth considering more reliable options like traditional businesses such as cannafarm ltd, for example.

  • @buhankaWIN
    @buhankaWIN11 ай бұрын

    You definitely have my sub. This content is next level. For me cannafarm ltd was the turning point. Please keep doing what you do and keep being you, love it.

  • @InvestwithHenry

    @InvestwithHenry

    11 ай бұрын

    Welcome aboard!

  • @mofuggly4303
    @mofuggly4303Ай бұрын

    Dude, I've learned more from you than all the books I've read for years. Thanks man.

  • @user-xm3gt8fi8u
    @user-xm3gt8fi8u10 ай бұрын

    As a begginer what options strategy should I focus and get great and 1st cause I know just by watching your videos there is more advanced and intermediate trade strategies , so what trades should I learn 1st ?

  • @janshuster1426

    @janshuster1426

    5 ай бұрын

    1)Sell calls at a strike you are willing to sell the stock. 2) Sell puts at a strike you are willing to buy with money you have.

  • @shankerchennapareddy5629
    @shankerchennapareddy562911 ай бұрын

    I am dumb Henry. I started following your videos, I understood cash secured selling puts and selling covered calls if stocks are assigned. The remediation step of of rolling the covered call I really did get, how to implement it. you did explain but brain didn't grasp. Is it possible to explain with detailed steps? and the scenarios when I should go for it? I really appreciate your help.

  • @Tapontheprofileformoreinsights

    @Tapontheprofileformoreinsights

    11 ай бұрын

    Get in touch.⏫️

  • @quartamile
    @quartamile10 ай бұрын

    What does "rolling for credit & debit" mean? Thank you!

  • @FigureFourNews
    @FigureFourNews9 ай бұрын

    So if you're starting now with $2000, what would your strategy be? Same idea with a lower cost etf?

  • @robloxcuanill
    @robloxcuanill11 ай бұрын

    I’m compiling and picking stocks that I’d love to hold on to for a few years before retirement, do you think these stocks would do better over the years? I’d love to retire with at least $2million savings. Now you gotta rely on a pretty good diversification if you must stay green. Currently up 31% and being cautious. Still better deal than letting it sit in savings or checking earning near 5% interest

  • @michaelking9334
    @michaelking933411 ай бұрын

    You are honest and professional. I love it !!

  • @Brocuh
    @Brocuh11 ай бұрын

    Nice video you have good engagement. Kept me watching the video with that energy. Thank you for the knowledge!

  • @seangreen8262
    @seangreen826211 ай бұрын

    If trading CC on just SPY only , do I need to subscribe to your services?

  • @johnwilliamson958
    @johnwilliamson9586 ай бұрын

    So correct me if I'm wrong, but to do this I have to either buy 100 shares of SPY which is trading for $458.23 (meaning I need $45,823) or I sell a Put for $367 with an assignment risk of $44,633. So either way I have to have an account that at minimum to do just 1 trade, has to have approximately $46K. Am I hearing this correctly?

  • @riceball4u172

    @riceball4u172

    4 ай бұрын

    Yes, 100 shares equal 1 contract.

  • @MKyaing
    @MKyaing7 ай бұрын

    In order to make Selling a PUT, must have $ for 100 shares for one contract right? For 10 contracts, it is needed a lot money. For small account, is it suitable? As it will be return a bit $ only for 1 or 2 contracts.

  • @vc983
    @vc98311 ай бұрын

    Hi Henry, Another great video. I subscribed in April 2022 for a year. I can’t thank you enough for being a big part of teaching me to fish for myself. A great value for the money spent. Tried a little bit of everything over that year. I only write puts, calls and a few put and call credit spreads. And I love rolling! Vic

  • @johngibbs5501
    @johngibbs550111 ай бұрын

    Dude, you are amazing trader! Thank you for your explaining

  • @Tapontheprofileformoreinsights

    @Tapontheprofileformoreinsights

    11 ай бұрын

    Get in touch.⏫️

  • @americandreams8200
    @americandreams820011 ай бұрын

    Henry, you mentioned in one video that you are buying 1000 shares of NVDA and planning to hold it. Can you please make a video if you did it, and if you are doing covered calls on NVDA. I got stuck on my NVDA CC. After big jump after last earnings. But I’m planning to hold and just roll it, probably forever. 😊 Thank you 🙏

  • @josephsaeteurn9158

    @josephsaeteurn9158

    11 ай бұрын

    i wish i have the portfolio like you guys buying giant names..

  • @travismartinson1813
    @travismartinson181310 ай бұрын

    I like selling covered calls on SOXL. It is pretty volatile so premiums are high. The call selling also reduces the volatility of owning a leveraged etf. I only sell calls when the rsi is high. I messed up in July and sold a call too early, but I was able to roll up on a dip and keep my shares. Now I'm looking to buy my call back in a week or two because the rsi is getting low so I can free up my upside.

  • @ussailor

    @ussailor

    9 ай бұрын

    What RSI you are normally selling call at ?

  • @travismartinson1813

    @travismartinson1813

    9 ай бұрын

    @@ussailor I like to sell calls when rsi is above 70 on the daily chart.

  • @PeggyDarling
    @PeggyDarlingАй бұрын

    I love Henry's digressions into stories mixed in with such valuable teaching! Henry has very interesting stories, psychological opinions, and his conversational style increases his credibility and makes him relatable and down to earth! I know I am learning a lot from a good guy, who knows his stuff, and is trustworthy.

  • @InvestwithHenry

    @InvestwithHenry

    Ай бұрын

    Thanks a lot!

  • @derekphillips1039
    @derekphillips103911 ай бұрын

    For someone just starting out and small account. What are some stocks that can get 100 shares and are good for covered calls?

  • @InvestwithHenry

    @InvestwithHenry

    11 ай бұрын

    Too many of them

  • @user-vw1nv8dr8n
    @user-vw1nv8dr8n10 ай бұрын

    What happens when the price drops below your buy price? My experience with single stocks has been mixed. Perhaps the SPY is less volatile and more predictible. A couple frustrating things I have done when the stock price dropped and seemed to be going nowhere and selling a call at a strike lower than the original buy price trying to bring in some income. The the underlying shoots back up, you are then rolling up and out at extremely long dates in the future . Need to change my mentality and sell at the highs, not the lows.

  • @ProBuenoCo

    @ProBuenoCo

    8 ай бұрын

    I had similar experiences with individual stocks, spy and qqq. I have lost a lot of money in 2022.

  • @piotrb6732
    @piotrb673211 ай бұрын

    Hey Henry! Could you make a video on margin investing? Very curious about the topic

  • @trump45and2zig-zags

    @trump45and2zig-zags

    11 ай бұрын

    Go big or go home!!! Lol

  • @aaronsarinana1654
    @aaronsarinana165411 ай бұрын

    Great content Henry, thanks for the video!

  • @Tapontheprofileformoreinsights

    @Tapontheprofileformoreinsights

    11 ай бұрын

    Get in touch.⏫️⏫️

  • @jpvela1
    @jpvela19 ай бұрын

    Thanks for taking time to do this

  • @CatzzMoney
    @CatzzMoney11 ай бұрын

    I like selling cash secured puts over covered calls. Either way, these strategies have time in your favor.

  • @redmoon6725
    @redmoon672511 ай бұрын

    Cool video! Id like to add that there are other investment options in businesses like cannafarm ltd as well.

  • @corello690
    @corello69011 ай бұрын

    Could you do another video on Put credit spreads for income?

  • @bradleychandler3822
    @bradleychandler38229 ай бұрын

    What delta should I sell at?

  • @bart_seavey
    @bart_seavey10 ай бұрын

    Are there any ETFs that run the "wheel" strategy on SPY behind the scenes and are traded as a single ETF? (if not, you should start one, Henry!) My 401k account allows buying ETFs but does not allow options trading.

  • @quiztopics7395
    @quiztopics739511 ай бұрын

    Love the free styling man! 🤟🏻

  • @jeff8794
    @jeff879411 ай бұрын

    Henry, great video.

  • @eugenejackson9956
    @eugenejackson995611 ай бұрын

    great vid. I would like to learn more. Boring can be cool sometimes..

  • @mprkayew4286
    @mprkayew428610 ай бұрын

    Great video. Thank you

  • @nikosolikos
    @nikosolikos11 ай бұрын

    What happens when SPY is going down? Do you do switch to puts?

  • @oza5470
    @oza547011 ай бұрын

    Hey Henry...would it be smart to do both call and put spreads both for credits at 20 delta for same expiration date?

  • @zoraster3749

    @zoraster3749

    11 ай бұрын

    That’s an iron condor… depends how directional the stock/etf is based on the technical and fundamental analysis. The short answer is that it can be especially since you can only lose on one leg.

  • @oza5470

    @oza5470

    11 ай бұрын

    Thanks... I just figured since it's such a low delta on both sides that you have potential to win both when you can only lose on one if I'm thinking about this, right?

  • @zoraster3749

    @zoraster3749

    11 ай бұрын

    @@oza5470 You’d still want to have a solid belief that the stock will be relatively flat during your option duration. If you thought the stock was peaking and overbought you wouldn’t sell a put credit spread on it. Delta is only one metric, you need to have a thesis about the direction of the stock (up, down, or sideways) and then use the strategy that best fits with your determination (i.e. iron condors for sideways).

  • @nazmoking3171

    @nazmoking3171

    11 ай бұрын

    @@zoraster3749 Well spoken this is exactly right.

  • @ritujee

    @ritujee

    2 ай бұрын

    @@zoraster3749 Selling iron condors, or put spreads watch for black swan or white swan events, that can wipeout your capital. Instead use wheel strategy on etf or stock you don't might holding.

  • @debtslave123
    @debtslave12310 ай бұрын

    love your content and the full transparency. ignore the haters clearly they are not millionaires that bash your videos. Roll those 30 contracts up and out or buy them back. take the small hit your up so big on those shares from 435 cost basis. Just read your book great read.

  • @aroy3719
    @aroy371910 ай бұрын

    Over the last decade, SPY buy and hold has by far outperformed SPY covered calls. This is because covered calls limit the upside gain while almost fully expose the downside risk.

  • @hereitisyallpodcast
    @hereitisyallpodcast11 ай бұрын

    Here yrying to learn from you Bro ... I know it takes time patience studying and a love for trading.. thanks

  • @josephsaeteurn9158

    @josephsaeteurn9158

    11 ай бұрын

    actually it isn't..basic options is piece of cake.. there's no TA involved like day trading. you find the stock you love and dont mind holding for long long time and apply the wheel strategy... i wish someone can fund me $100K..

  • @jasondillon2567
    @jasondillon256710 ай бұрын

    Love this content!

  • @Geor9e
    @Geor9e11 ай бұрын

    I’ve been gravitating towards this strategy as my goal is primarily to hold long positions in SPY. This approach can be seen as an income strategy or a way to reduce cost basis. Most importantly, it helps me avoid exposure to individual stocks, which led to significant losses for me over the past two years.

  • @ajahijernigan4051

    @ajahijernigan4051

    11 ай бұрын

    I only buy s&p trackers and Amazon and a semiconductor mutual fund called field having maddddd positions open doesn’t work well for me personally

  • @randalljohnson8293
    @randalljohnson829311 ай бұрын

    Thanks Henry you have taught me so much brother! Thank you very much! Your the best man! Take care!

  • @Tapontheprofileformoreinsights

    @Tapontheprofileformoreinsights

    11 ай бұрын

    Get in touch.⏫️⏫️

  • @Alex-lv1ph
    @Alex-lv1ph11 ай бұрын

    If your covered calls go ITM before expiration, is it still unlikely the contract will be exercised? Also, do you keep rolling if the price goes higher and higher?

  • @nationalnotes

    @nationalnotes

    11 ай бұрын

    American style options can be exercised anytime before expiration. However, it is unlikely to happen unless it is deeply ITM. Rolling up depends on whether you want to be called away or you want to hold on to the underlying

  • @Alex-lv1ph

    @Alex-lv1ph

    11 ай бұрын

    @@nationalnotes Thanks for the insight. I’m holding TSLA at $255, and would like to hold the shares. I’ll have to roll I guess

  • @Baudelio513
    @Baudelio51311 ай бұрын

    Henry, do yo do any iron fly trades?

  • @christymilton6829
    @christymilton682911 ай бұрын

    yes, thank you for the dividend education. thank you, thank you.🥰

  • @Tapontheprofileformoreinsights

    @Tapontheprofileformoreinsights

    11 ай бұрын

    Get in touch.⏫️⏫️

  • @scotthenderson4376
    @scotthenderson43765 ай бұрын

    I'd be happy with 100 a month without risk. It was going but just got /will get stuck holding the bag till the stock comes back. Also trying to learn small payday on buying spy to build up some cash. Keep them coming it is helping someone for sure and I for one am grateful

  • @alimolamohammadi8775
    @alimolamohammadi87753 ай бұрын

    He always does great videos, plus he worked on Wall Street so he’s got experience, appreciate your work very informative..

  • @laddcraner4170
    @laddcraner41705 ай бұрын

    Great content! TYVM

  • @shammusic7577
    @shammusic757711 ай бұрын

    Cryptocurrency is volatile. Diversifying your portfolio is a sensible strategy. For example, I have deposits on Binance where I engage in trading, also staking on Kraken, investing in companies like Cannafarm Ltd, and I also participate in liquidity pools

Келесі