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What if I told you that you can have the capital appreciation of a growth/value portfolio, and the income of a dividend portfolio? Well with options you can do just that! This is just one of the reasons why I find options fascinating and underutilized by the average long term investor. This video is all about options contracts. What they are, how they change, what they do, and how we can make money trading them. I will describe everything you need to know in order to master the basics of options. I consistently make between $500-$1000 per month selling options on high quality companies with no more risk than just buying shares. And you can too! Watching this video is the first step of learning how to do it! Options are used in order to take a leveraged position in an underlying stock, but the intent behind taking the position isn’t always the same. One option contract could be a bullish position and at the same time a bearish position depending on how you enter the position. In the next series of videos I am going to take a step back and talk about the basic mechanics of options and how anyone can use them to increase their returns in the market. So make sure you are subscribed to the channel to get notified when the next videos come out! I’m trying to get to 1,000 subscribers by the end of the year so I would really appreciate it! Options contracts have 3 basic components: The expiration date, The strike price, and the option premium. The expiration date designates the time period for which the contract is valid. The strike price designates the price in which the underlying shares of the contract are exchanged. The premium is how much the contracts are bought and sold for. In short, when buying options I go for 6 months or longer expirations. When selling options I go for shorter term 30-60day expirations. I will talk about why more in depth in dedicated videos coming up, so make sure you’re subscribed so you don’t miss it! When picking the strike price of an option contract there are important things to know about the moneyness of the contract. Specifically the terms Out of the Money, At the money, and In the money. Both of these concepts of Intrinsic vs Extrinsic value, I will go deeper on in another video, but now we know the basic difference between at the money, in the money, and out of the money contracts. For me when selling options I only sell at the money or out of the money contracts. When buying options (which rarely do) I prefer to purchase in the money options. (options with intrinsic value) -- The final piece of the options contract is the “Option’s Premium”. This is the price we actually buy and sell the contracts for. You can see the current premium for each option contract by looking at the bid and ask columns in the apple example. Let’s say for example I want to purchase an apple call option with the $140 strike price. I would pay somewhere between the bid and ask spread. Likely right about $6.00. Since an option contract represents 100 shares I would actually have to pay $600 because $6.00 per share x 100 = $600. I typically don’t buy options, but as part of my investing strategy I frequently sell options every month to generate income from my portfolio. Describing option selling is a slightly more complex topic because the mechanics of it don’t necessarily have to do with price movement.
Link to the video: https://youtu.be/MwEU3jm1Klk
Well you’ve come to the right place and I’m going to show you how I’ve taken what I’ve learned from running the wheel strategy over the last year, and upgraded it by slightly tweaking how selling puts is incorporated in the strategy.
Make sure to subscribe to the channel for more videos on options income trading and investing!
For many of you watching this, your first introduction to options was buying lotto tickets (short term calls or puts) trying to pick the direction of a stock and ended up losing money.
Then after losing some money you stumbled across theta gang strategies: the covered call and cash secured put.
And finally the holy grail of theta gang:
The Wheel strategy where you sell cash secured puts to buy the dip -> get assigned shares -> sell covered calls until you get the shares called away -> and finally start over at the beginning by selling cash secured puts
All while collecting that sweet premium for selling options along the way.
If you are unfamiliar with the wheel strategy, then I recommend watching a few of the videos I made on the wheel strategy linked in the video description. And I highly encourage you to ask any questions you have in the comments below because I answer every one of them!
This video is going to show you how I upgraded the wheel strategy to generate more premium and allow me to keep my shares for greater capital appreciation.
Last Video: https://youtu.be/-4n3pisOY2I
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Wheel Strategy Options
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Let’s talk about the gaming industry and gaming stocks. I think there are a variety of ways that you can tackle investing in the video game industry whether that be through and industry ETF like the Van Eck Vectors Video Gaming and eSports ETF ticker symbol ESPO. I think this is a great option for those who want a more passive approach to investing.
On this channel I like to take an active approach of managing my portfolio by buying both individual stocks, diversified etfs, and also selling options.
While the Video game etf would be an ok option, I think there are better options out there in individual companies. Which brings me to corsair gaming.
Corsair Gaming is a consumer technology company that focuses their products around computer peripherals like mouse, keyboard, headsets, and prebuilt desktop computers.
Corsair also owns an audio and video equipment company called Elgato Gaming that makes high quality equipment for content creators in the video game and streaming space.
What I like about Corsair and elgato products is that they are of the highest quality in the gaming and streaming space. Most if not all of their products have extremely high reviews online and are frequents purchased in store. I even use a corsair gaming headset for my day job and I have recommended it to numerous colleagues.
On top of Corsair having a fantastic product suite and large opportunity to continue growing, I also find their company stock to be trading at a significant discount that I feel is unfair to the company.
Another great valuation metric I like to look at is the price to sales ratio and corsair is trading at a modest 1.64 compared to other high flyer companies like tesla, square, or shopify all trading above 10 times that!
Even looking at the 6 month chart of corsair we’ve seen quite a kangaroo like environment with the price getting up to as high as $52 per share and now at a discount of right around $30 per share.
Thanks for watching!
Corsair Gaming Stock Analysis
CRSR stock analysis
PE Ratio Explained
Price to Earnings Ratio Explained
How to value a company
How to invest in video game stocks
Corsair stock covered calls
pe ratio in stock market
Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. Also, some of the links in this description are affiliate links and I may receive kickbacks for using them that help support the channel. These links help me continue to make videos and continue to increase the quality of videos.
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Last Video Rolling Options: https://youtu.be/uUQrbnVynzs
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This is going to be a slight shift from the typical options strategy videos that I was putting out. But don’t worry options are still near and dear to my heart and I will continue to make those videos too. But I want to also talk about the other parts of my investing strategy which includes my views on Index Fund etfs as well as how I evaluate and invest in individual stocks.
Here’s to me trying to be a net positive for the Youtube investing community. Make sure to subscribe to my channel so you can follow along with this new series!
Now… Let’s get into the dirty details of how this is going to work.
Every month I will deposit $150 into my fidelity brokerage account and purchase a stock, etf, or combination of both. I will be giving my due diligence and research for the purchase as well as other suggestions of possible buys including etfs or index funds.
I will be using Fidelity for my brokerage account because I’ve never used them before and I want to get a better feel for how the major brokerages work. They also have fractional shares, which helps when only investing $150 per month and want to be able to purchase any stock.
With that being said I do have my favorite brokerages:
So you might ask: why $150 per month? That's such a random number and you can’t get rich off of $150 per month!
FALSE
The reason I am picking $150 per month is because I feel it is an easily attainable number for most people to consistently hit every single month.
The other reason is when $150 per month is compounded annually at an average rate of 11% per year will grow into over $1million over the span of 40 years. The idea is that anyone can reach a net worth of $1million at a savings rate of $150 per month.
How to Roll Options and Save a Losing Trade | Wheel Options Strategies
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Last Weeks Episode: https://youtu.be/yP7aPwlz8SA
The Wheel: https://youtu.be/_uKo-bO35-Y
Covered Call: https://youtu.be/SrBTqAVtqjo
Cash Secured Put: https://youtu.be/yDpMKDZdJe4
Technical Analysis: https://youtu.be/my5xT9jUmaw
Index Fund Investing: https://youtu.be/kq7pYgTrFYs
What’s up team? Welcome back to another video! Today I want to talk about how you can save a losing options trade and even turn it into a winning options trade. This strategy is known as “Rolling”, and there are a variety of ways you can do this. In this video I will dive into my favorite ways to roll options.
If you enjoy my videos please consider subscribing and liking this video! It really helps the channel and gives me motivation to continue making these videos!
Alright let's start out with a basic understanding of what rolling an options position means in the eyes of the Wheel Options Strategy.
Rolling an option contract is a form of risk management when trading the wheel where the trader buys back the short contract and sells short another contract at either a different strike, different expiration, or both.
There are three basic varieties of rolling of which any of them can be used by themselves or in combination with another. Those three are Rolling Up, Rolling Down, or Rolling Out.
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Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. Also, some of the links in this description are affiliate links and I may receive kickbacks for using them that help support the channel. These links help me continue to make videos and continue to increase the quality of videos.
Thanks for watching!
contact: skinvestingshow@gmail.com
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How to roll options
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Subjects I also enjoy: #dividend #investing #trading #IRA #Roth #stocks #stockmarket #coveredcall #calloptions #putoptions #growthinvesting #valueinvesting #personalfinance #ziptrader #sundaystocktalk #sunday #stock #talk #top3stocks #wallstreetbets #cashsecuredput #rollingoptions #rolloptions #options #riskmanagement
https://samkling.medium.com/rolling-options-how-to-save-a-losing-options-trade-wheel-options-strategies-424c0f4999e
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Last Weeks Episode: https://youtu.be/my5xT9jUmaw
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Covered Call: https://youtu.be/SrBTqAVtqjo
Cash Covered Put: https://youtu.be/yDpMKDZdJe4
This video: https://youtu.be/yP7aPwlz8SA
#CruiseLineStocks #Options #Trading #thewheel #robinhood #investing
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TECH
Last week there were a couple notable Tech Upgrades that I think tell the story of the 2020 stock market. Snapchat and Spotify. Two Apps that are taking full advantage of the new Work From home revolution have just been upgraded by Guggenheim and were trading higher this week. So does this mean that Tech is still the play during all of this market uncertainty? I think so...Buttttt personally I will not be buying SNAP or SPOT after hearing this news, but I will be owning Apple and Dropbox and running the wheel on Micron Technologies.
ELECTION
The first presidential debate between President Trump and former vice President Biden happened on September 29th, and let’s just say it was interesting.
OPERATION STARLINK
Tesla is already become the beast that is today. With a cult like following of both people that love it and those that love to hate it. But now there is potentially going to be a new Musk stock on the public markets and that is SpaceX’s Starlink satellite internet system. To be honest I had never heard about this SpaceX product until just recently and it sounds pretty cool especially with 5g capabilities right around the corner.
DISNEY
Recently Disney Plus rolled out GroupWatch, a feature allowing subscribers to watch all shows and movies on the streaming service simultaneously with friends and family from afar, within the US. Up to seven people can sync their screens to watch together across web, mobile, connected TVs and smart TVs, and share emoji reactions in real time. What's cool about this is you can sit at your own home and troll your friends be passive aggressively throwing emojis at them while you watch. Next thing you know, the new movie theater will just be in your living room and you’ll be GroupWatching with your friends instead of having to go pay the high prize of entry at the traditional movie theaters.
CRUISE LINES
Is it time to buy the cruise lines and other recovery stocks? Over the last 6 months the Cruise Line stocks have gotten absolutely demolished. And when I say demolished….I mean like at one point they when from multi billion dollar companies to almost penny stock levels. But after a few months they have been able to recover a bit as investors gain more confidence in the vaccine trials as well as the massive amount of stimulus that has gone into the publicly traded companies.
The question then becomes which cruise line should you pick...or should you just pick all of them? I’ve heard you have to pick Royal Carribean because they have a higher stock price. Or you have to pick Norweigian because they are smaller and have a massive earnings potential. But why is nobody picking Carnival to make it out?
Technical Analysis for Options Trading The Wheel | Beginner Options Strategy | RSI MACD SMA
Last Weeks Episode: https://youtu.be/v5-oTHBTtf8
The Wheel: https://youtu.be/_uKo-bO35-Y
Covered Call: https://youtu.be/SrBTqAVtqjo
Cash Covered Put: https://youtu.be/yDpMKDZdJe4
#TechnicalAnalysis #Options #Trading #thewheel #robinhood #investing
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What’s going on team? Today we are back with another Options Trading Strategy video where I document my thoughts and trades utilizing the wheel strategy. If you want to learn more about the wheel strategy I have made a series of tutorial videos where I dig deep into each part of the strategy. I will link them down below so you can check them out!
Today I want to talk about Technical Analysis and how I use it when I’m trading options using the Wheel Strategy. Then after I talk about the indicators I use, I will demonstrate them in action with an actual trade.
Also this is a good time to mention that if you enjoy these videos please consider subscribing to my channel! I really enjoy making these videos and it would mean alot to me. It also helps me out a ton to know that people are finding these videos helpful and enjoyable to watch.
Alright let’s get into the video!
Let’s start off with what technical analysis is. According to Investopedia, “Technical analysis is a way to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume”
https://www.investopedia.com/terms/t/technicalanalysis.asp
So what does this mean? Well in simple terms it means you take in what is happening right now... or what has happened in the past to make an educated guess at what will happen to the stock’s price next. This isn’t the same as fundamental analysis where we look at the company's financial situation, business plan, its CEO, or
Let's not confuse this with a cause and effect situation. Technical analysis does not tell you what WILL happen in the future. It’s true that history tends to repeat itself, that is why we use technical analysis, but that does not mean it has to repeat itself. You can not control the news of a company nor can you expect to predict the price action every time.
I just want to say this again. Just because history tends to repeat itself, that doesn’t mean it has to. Got it? Good!
Alright so now that we have a basic understanding of the idea behind technical analysis let's dive into what technical indicators I use on a daily basis to help me determine my options trades.
With that being said... on to the indicators!
My top 4 indicators I use are:
- Support & Resistance Lines
- RSI (Relative Strength Index)
- MACD (Moving Average Convergence Divergence)
- Simple Moving Averages
Thanks for watching!
contact: skinvestingshow@gmail.com
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Index Fund Investing with the Wheel Strategy for Beginners | Ep. 4 Wheel Options Series
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Last Weeks Episode: https://youtu.be/ujYEivUeXSs
The Wheel: https://youtu.be/_uKo-bO35-Y
Covered Call: https://youtu.be/SrBTqAVtqjo
Cash Covered Put: https://youtu.be/yDpMKDZdJe4
#Options #Investing #Trading #Robinhood
#thewheeloptionsseries
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#Options #Investing #Trading #Robinhood
#thewheeloptionsseries #indexfund
What's going on team, It’s Sam and this is Episode 4 of the Wheel Options trading series. ...Nice to finally see you!
And in this one I want to talk about Index funds. You know those things that all of the boomers rave about in their pension plans and 401(k)s?
Well it turns out sometimes the Boomers are right. Hard to admit it, but sometimes you have to give credit where credit is due. https://www.youtube.com/watch?v=10QoUi2PmNs
Sounds like that guy knows his stuff!
With the compounded annual returns of the S&P500 and the Nasdaq - 100 over the long term...its hard to argue against them… Plus it shows that any investor should benefit from holding index funds at the core of their portfolio.
In this video I want to talk about 3 things:
What are index funds?
What are my favorite index funds?
How can you use index funds with the wheel strategy?
I will time stamp each section in the description of the video just in case you want to skip over something you may already know.
Also if you enjoy my videos please consider subscribing to my channel and smashing the like button so you don’t miss out on future videos. I put a lot of work into these videos and I really appreciate each and every new subscriber I get!
Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. Also, some of the links in this description are affiliate links and I may receive kickbacks for using them that help support the channel. These links help me continue to make videos and continue to increase the quality of videos.
Thanks for watching!
contact: skinvestingshow@gmail.com
Beat made by Chuki Beats: http://www.youtube.com/user/CHUKImusic
Subjects I also enjoy: #dividend #investing #trading #IRA #Roth #stocks #stockmarket #coveredcall #calloptions #putoptions #growthinvesting #valueinvesting #personalfinance #ziptrader #sundaystocktalk #sunday #stock #talk #top3stocks #wallstreetbets
Subscribe: http://subscribe.samkling.com
Last Weeks Episode: https://youtu.be/1tuXUv3JkmY
Covered Call: https://youtu.be/SrBTqAVtqjo
Cash Covered Put: https://youtu.be/yDpMKDZdJe4
The Wheel: https://youtu.be/_uKo-bO35-Y
Mikey's Channel: https://www.youtube.com/channel/UCcmZHsuUt_DOzcgIcLd0Qnw
#Options #Investing #Trading #Robinhood
#thewheeloptionsseries
Broker I use to trade (Get 1 free stock): http://robinhood.samkling.com
Charts I use: http://charts.samkling.com
I use M1Finance for my long term portfolio:
(get $10 free): http://m1finance.samkling.com
Webull is a solid alternative to robinhood for trading/Options:
(get 2 free stocks): http://webull.samkling.com
Hey team It’s Sam and this is Episode 3 of the #Wheel #Options #Series. And we’ve got a good one today! If you missed the last two episodes… It’s alright I forgive you. And to help you out, I’ll drop a link to them in the description of the video.
Today I want to talk about how I made $1000 trading options in a small #robinhood account using the #wheelstrategy. If you’ve seen any of my last videos, It is by far my favorite way to #invest and I am excited to tell you exactly what I did to make $1000 in about 3 months.
I appreciate everyone who watches and supports me on this youtube journey. I spend a lot of time making these videos and all I ask in return is for you to Subscribe to my channel and SMASH the like button on this video. It helps me out a ton! Also if you have any questions on any of my videos definitely leave a comment and i’ll do my best to help you out.
For the longest time I was always afraid of #stock #options. I always thought they were super complicated and basically the gateway drug to gambling in the #stockmarket. Interestingly enough I thought they were more risky than day trading! But then I stumbled across a youtube channel on accident called Kamikaze Cash. The video I clicked on was 1 of 9 $3k #Robinhood challenge videos. Where Mr. Mikey Millions educates his subscribers on how to use #ThetaGang #options #trading #strategies. It turns out the safest way to utilize options is to sell them! And better yet, use the wheel strategy and get paid for selling both #call #options and #put #options. I will leave Mikey's channel in the description of the video if anyone is interested. I can’t recommend his videos enough!
Since I started this account in January 2020 it has gone from opening just to get the free stock to a full fledged options playground today... but I didn’t deposit real money into it until April 20th 2020. From April 20th 2020 until today making this video I have made a total of 48 realized trades. Of which 45 were options contracts and 3 were stock trades. Taking my account from $175 to $6000 in 4 months.
Welp, that was a long list team. And if you made it this long, I can’t thank you enough for the support! If you could smash that like button and don’t forget to subscribe for more
Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. Also, some of the links in this description are affiliate links and I may receive kickbacks for using them that help support the channel. These links help me continue to make videos and continue to increase the quality of videos.
Thanks for watching!
contact: skinvestingshow@gmail.com
Beat made by Chuki Beats: http://www.youtube.com/user/CHUKImusic
Subjects I also enjoy: #dividend #investing #trading #IRA #Roth #stocks #stockmarket #coveredcall #calloptions #putoptions #growthinvesting #valueinvesting #personalfinance #ziptrader #sundaystocktalk #sunday #stock #talk #top3stocks #wallstreetbets
Subscribe: http://subscribe.samkling.com Last Weeks Episode: https://youtu.be/sTjnEEEBcdY
Covered Call: https://youtu.be/SrBTqAVtqjo Cash Covered Put: https://youtu.be/yDpMKDZdJe4 The Wheel: https://youtu.be/_uKo-bO35-Y
#Options #Investing #Trading #Robinhood #thewheeloptionsseries
Broker I use to trade (Get 1 free stock): http://robinhood.samkling.com
Charts I use: http://charts.samkling.com
I use M1Finance for my long term portfolio: (get $10 free): http://m1finance.samkling.com
#Webull is a solid alternative to #robinhood for trading/Options: (get 2 free stocks): http://webull.samkling.com
Hey team, It’s Sam back with another #options #trading video. It’s week 2 of “The #Wheel #Options #Trading #Series”. And much like my leftover dominos pizza in the microwave…. the stock stock market is heating up just in time for #FAANG #earnings season. But Maybe what do you guys think? Should it really should be FATANGS? because let’s be real Tesla is riding a rocket ship straight to mars along side #Elon and #Spacex. And #Spotify just decided to take the bull by the horns in the podcast world... hoarding #Joe #Rogan all to themselves and bringing #tiktok star #Addison #Rae over to the cool kids club…. of long form media.
Alright enough of the news, let me catch you up on what's happened in the account since my last #Options #trading #series #video. If you haven’t watched that video you can check it out from the link in the description or in the upper right hand corner of the video. And while you’re at it make sure to SMASH the like button on this video and subscribe to the channel for Options Trading Videos, we have some good ones in the works, so you won’t want to miss out!
Turns out Stimulus talk and #JPow and his printer were at a gridlock (much like congress) for the financial sector. They didn’t care at all. Both KeyBank and Bank of America moved sideways throughout the week. Which honestly is fine for us. We get to keep all of our premium and just repeat what we have been doing. Sell puts until we get assigned, and sell calls until we get our shares called away. Since I want to sell those new options today I will buy back all of the contracts for $1 each reducing our total profit by $3-ish. Speaking of total profit this week, its $49. Not a lot but that's $49 more than last week. I will gradually take this money from selling premium and reinvest it into Bank of America shares until we have accumulated 100.
I want to do a little monthly recap since its the last day of the month. This month we sold 18 options contracts and collected exactly $340 in premium, which is freaking sweet. So I made $340 in one month by selling options on stocks I like to own. I am now $340 richer and it feels so sweet. Bringing my total profit from selling options to $942 since May. This just goes to show that $49 per week can add up, and having high weeks and low week ultimately will balance eachother out. There's no reason a small trading account can’t produce some awesome income. I never had more than $6000 in my account and honestly that was only the last week. For most of the month I had $5000. Which means this is totally doable for most people.
Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. Also, some of the links in this description are affiliate links and I may receive kickbacks for using them that help support the channel. These links help me continue to make videos and continue to increase the quality of videos.
Thanks for watching!
contact: skinvestingshow@gmail.com Beat made by Chuki Beats: http://www.youtube.com/user/CHUKImusic Beat by Bazanji https://www.youtube.com/watch?v=niP6q9mBhc4
#1 How to trade options on #Robinhood (and Profit) | #Options #Trading #Series
The Wheel Video: https://youtu.be/_uKo-bO35-Y
Cash Covered Put Video: https://youtu.be/yDpMKDZdJe4
Covered Call Video: https://youtu.be/SrBTqAVtqjo
My Previous Video: https://youtu.be/_-HoPHVwPfk
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Broker I use to trade (Get 1 free stock): https://join.robinhood.com/samuelk1695
Charts I use: https://www.tdameritrade.com/tools-and-platforms/thinkorswim.page
I use M1Finance for my long term portfolio:
(get $10 free): https://m1.finance/eHlo6xrwxuDS
Webull is a solid alternative to robinhood for trading/Options:
(get 2 free stocks): https://act.webull.com/e/2n3Y46ZpiHt7/h65/
Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. Also, some of the links in this description are affiliate links and I may receive kickbacks for using them that help support the channel. These links help me continue to make videos and continue to increase the quality of videos.
This time let’s make it a series.
These videos will be less tutorial and more application of what we’ve learned. I’m going to make it up as we go but to start off let’s lay a couple ground rules:
I will mainly be #trading the #wheel #strategy but may mix in some other techniques including but not limited to credit spreads, day trades, and swing trades
Let’s get started.
So you clicked on this video because you want to learn how to trade options. Well you’re in the right place.
Maybe you were browsing the degenerates of r/ #wallstreetbets and saw some massive #gains turning a small amount of capital into a big pile of tendies.
Or you heard option hedges mentioned on #CNBC at the bottom of the pandemic march lows.
Or if you’re really lucky you found a trading guru that would teach you how to make a living trading options … so you can quit your day job … and with little to no experience … you to could make living trading options from anywhere in the world.
Well I’m here to teach you none of that. But instead I want to talk about how anyone can trade options and consistently profit. I will be using a powerful #trading #strategy known as the wheel. If you are unfamiliar, I have made 3 detailed tutorial videos describing the wheel that I will link below as well as in the upper right hand corner of the video. HOWEVER knowledge of the wheel is not necessary to understand what is happening in this series. Only if you want to learn and implement yourself.
Alright enough rambling, you're here to learn how to trade options and profit so let's get to it and make some tendies. Currently I own 100 shares of #GE, #BankofAmerica, and #KeyBank. I was recently assigned shares of these 3 companies because I had been selling puts on them. This leads me to the NUMBER ONE rule when #trading #options if you plan on consistently profiting. We only sell options. What does my account look like now? Our total profits this week were $73 all from the premium we collected from selling the contracts. And I still hold 100 shares of Bank of America, GE, and KeyBank because the contracts were out the money so I bought to close them at super cheap. Next week we will be reinvesting that $73 into more wheels!
Thanks for watching! I plan on making new videos on the regular describing my wheel trades over the past week as well as things I’ve learned while growing this account. Make sure to hit that subscribe button for more Options Trading Videos. Thanks for watching!
contact: skinvestingshow@gmail.com
The Best Options Trading Strategy? | The Wheel | Beginner Options
Subscribe: https://www.youtube.com/channel/UC8vvd12e7UwAztUo565YSBA?sub_confirmation=1
Cash Covered Put Video: https://youtu.be/yDpMKDZdJe4
Covered Call Video: https://youtu.be/SrBTqAVtqjo
Broker I use to trade (Get 1 free stock): https://join.robinhood.com/samuelk1695
Charts I use: https://www.tdameritrade.com/tools-and-platforms/thinkorswim.page
M1Finance Investing (get $10 free): https://m1.finance/eHlo6xrwxuDS
Webull Trading/Options (get 2 free stocks): https://act.webull.com/e/2n3Y46ZpiHt7/h65/
#Options #Investing #Trading #Robinhood
In this video I want to talk about my favorite #options #trading strategy, and arguably the perfect addition to a #longterm #buyandhold portfolio. Today we will merge the cash covered put with covered call and talk about a legen-wait for it-dary strategy known as THE WHEEL.
If you haven’t already, I would appreciate it if you hit that subscribe button so you don’t miss any of my videos in the future!
With that said, welcome back to the SK investing show. My name is Sam and today I am going to teach you about my favorite #options #trading strategy.
If you already have an understanding of the “#COVEREDCALLS” or “#CASHCOVEREDPUTS” then this video is for you.
Now I am going to introduce you to my favorite #ThetaGang trading strategy…...#THEWHEEL
In the wheel strategy we will leverage both the cash covered put and the covered call in a way to maximize premium collection and gains that would otherwise not happen from a traditional long term position.
When you are at a place when your account has grown enough you are also able to withdraw the premiums as cash from your account to spend on whatever you would like...like bills, rents, mortgage, or that new lambo you’ve always wanted
This strategy can become very lucrative with large account sizes, and therefore can eventually become a significant source of income to where you could live off of it.
Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. Also, some of the links in this description are affiliate links and I may receive kickbacks for using them that help support the channel. These links help me continue to make videos and continue to increase the quality of videos.
Thanks for watching!
contact: skinvestingshow@gmail.com
Beat made by Chuki Beats: http://www.youtube.com/user/CHUKImusic
Subjects I also enjoy: #dividend #investing #trading #IRA #Roth #stocks #stockmarket #coveredcall #calloptions #putoptions #growthinvesting #valueinvesting #personalfinance #ziptrader #sundaystocktalk #sunday #stock #talk #top3stocks #wallstreetbets
Make Money without owning a stock | Cash Covered Put | Beginner #Options #robinhood
Broker I use to trade (Get 1 free stock): https://join.robinhood.com/samuelk1695
Charts I use: https://www.tdameritrade.com/tools-and-platforms/thinkorswim.page
Other brokers I use & recommend:
M1Finance (get $10 free): https://m1.finance/eHlo6xrwxuDS
Webull (get 1 free stock): https://act.webull.com/e/2n3Y46ZpiHt7/h65/
In this video I will describe an options #trading strategy that will allow a #stock #market #investor to make money without owning a #stock called the #Cash #Covered #Put.
Welcome back to the SK investing show. My name is Sam and today I am going to be talking about put options.
Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only.
Before we get into #CashCoveredPuts lets start out with some #put #option #basics:
If you already understand Put options and would like to skip ahead to cash covered puts then you can skip ahead to this time here:
#Put #Options
If you remember in the last video talking about #Call #options and #Covered #Calls, #put #options are in simple terms the opposite of call options.
Put options are a bearish strategy for when you think the stock or the market is going to go down. Kind of like a bet against a stock.
There are 3 parts to an #options #contract:
#Strike #Price
#Premium
Expiration date
More or less complicated than Call Options? Thats for you to decide. Let me know in the comments.
Let’s say for example we think #Apple’s stock price is going to go down this week. So we can look at #Apple’s option chain and select to BUY 1 Put option expiring this friday. By Purchasing this put option we are given the right to sell 100 shares of #Apple #stock at the strike price we selected, on or before this friday...IF #Apple’s price falls below the strike price. If #Apple’s price closes on Friday above the strike price then our contract expires worthless because it makes more sense for us to sell shares at market price since we would get more for each share.
In walks #Theta #Gang:
#ThetaGang is a group of options trading techniques in which the trader sells premium and profits off of #THETA Decay aka time decay of the options contract
The options strategy I want to talk about in this video is called the “Cash Covered Put” also known as the “Cash Secured Put”
Cash Covered Put:
Just like a typical Put option you have 3 parts to it: Strike Price, Premium, and Expiration Date. The key part of a Cash Covered Put is having enough money to buy 100 shares. Because by selling a put you are agreeing to a contract to buy the shares at the strike price and in return you get paid premium for this obligation. Having Cash available is key here because the whole idea behind this is if the price falls below the agreed upon strike price then you will be “assigned” shares aka forced to buy the shares at the agreed upon strike price. If you don’t have the full cash amount available then you will be taking on those shares in margin, which I don’t recommend unless you are an advanced investor. Just like margin can amplify gains it can amplify losses.
Learn how to increase your gains by selling covered call options.
Video version of the episode: https://www.youtube.com/watch?v=SrBTqAVtqjo
#robinhood
Broker I use to trade (Get 1 free stock): https://join.robinhood.com/samuelk1695
Charts I use: https://www.tdameritrade.com/tools-and-platforms/thinkorswim.page
Other brokers I use & recommend:
M1Finance (get $10 free): https://m1.finance/eHlo6xrwxuDS
Webull (get 1 free stock): https://act.webull.com/e/2n3Y46ZpiHt7/h65/
In this video I will describe an #options #trading strategy that will allow a stock market investor to increase their gains on long term #investments. Welcome back to the SK investing show. My name is Sam and today I will be your #options tour guide.
Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. After all this is just a random video on youtube.
Before we get into #Covered #Calls lets start out with some #options Basics: Buying #Call #Options (Bullish #Strategy) When you think a stock’s price is going to rise.
When you purchase a call option, you are buying a financial contract that gives you (the buyer) the right, but not the obligation to buy a #stock at a specified price called the “Strike Price” within a specific time period.
Sounds complicated I know.
Lets say for instance we think #Apple’s stock is going to go up this week. So we can look at Apples Option chain and select to purchase 1 call contract expiring this friday.
By purchasing this call option we are given the right to purchase 100 shares of #Apple #stock at the strike price we selected on or before this friday IF Apple’s price rises above the strike price.
Premium is the amount the buyer pays the seller for the contract. Basically a fee for the ability to buy a stock at a certain price.
If Apple’s price closes on Friday below the strike price then our contract expires worthless because it is cheaper for us to buy Apple at market price.
Covered Call:
In this strategy we won’t be BUYING call options, but instead we will be selling call options. Lets remember: a Call option gives the buyer the right to purchase a stock at a certain strike. Now what does it mean to sell a call? Just like buying and selling stocks, there has to be a buyer and seller of options. Selling a call option means you (the seller) are giving the buyer the right to buy your shares at a certain price, for a premium. A premium is the price of the contract the buyer pays the seller. Remember in the earlier example of buying calls on Apple and we had to pay a premium? Well this time since we are the seller, we get to collect that premium. In order for this to be a “Covered Call” you need to own 100 shares of a company. If you sell a call without owning the 100 shares then you run the risk of having to purchase 100 shares at market price and give them up at the strike price of the contract. This introduces infinite risks and is not recommended.
contact: skinvestingshow@gmail.com
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