RETIRE ON 200K BY SELLING OPTIONS ON PLTR - SAFELY GENERATE 8K + PER MONTH STEP BY STEP TUTORIAL!!
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- Опубликовано: 14 дек 2024
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𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: I am not a financial advisor. This video is for entertainment purposes only. Consult a licensed professional before making any investment decisions. Any stock purchases shown are not recommendations. I am not liable for any losses you may experience by attempting to mirror my trades. Remember, unless FDIC insured, investments can lose value or disappear entirely. Invest wisely!
During a bear market, professionals typically move to cash early, short the downtrend, and wait to pick up great companies at bargain prices. Amateurs, on the other hand, often hold on stubbornly, hoping each rally signals an end to the downturn, and eventually sell when losses become unbearable.
I've been holding cash for over a week now, and to be honest, it's getting pretty dull. I think I'll buy a single share of something just to keep myself engaged and on top of my game.
Solid positions there! I regularly buy more shares, but I also invest in growth stocks/ETFs. Right now, I focus on growth, but I plan to switch to dividend-paying value stocks/ETFs eventually. It’s advisable to engage guidance for a well-diversified portfolio instead of relying solely on speculations. That’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
Could you recommend who you work with? I really could use some help at this moment please.
There are a handful of CFAs out there. I've experimented with a few over the past years, but I’ve stuck with MELISSA ELISE ROBINSON for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.
Thank you for the lead. I curiously searched Jennifer up and her webpage popped up, and I have sent her an email. I hope she gets back to me soon. Cheers!
The easy part is opening the trade. The challenge is managing the trade when it goes it against you. Thank you for giving more nuggets on that!
Yep!
The best and safest way is to Sell Call options there is no way to loose any money as long as you investing in something that is a good sound company that generates steady Gains. Investing in something like SP500 and doing this approach is very safe. I use 5% delta. The odds of me winning every trade is 95% each month. I basically generate about 1% each month plus whatever the SP500 is doing. That is 12%+ whatever the SP500 is doing in a year. 500K invested generates about 60K a year on Premiums alone. If you take higher risks you can earn more. The odds of my shares getting called at 5% of loosing them is almost non existent. Even if they got sold they would be sold at massive profit. I am also okay with that.
Thank you for this, I really enjoy your content, keep up the great work!
Awesome content ! I love PLTR .
Glad you enjoyed it!🎉
Hi Ashley. Great video!
Thank you! 🤩
watched this multiple times. would like to implement this strategy. but it sounds too good to be true. it can't be this easy.
Thanks for the lesson. What timeframe to use when checking the Bollinger bands to make our decisions in selling put? Thanks
Welcome back
Great Channel thank you just Subscribed.
Welcome! 🤗
Great video. Thank you for sharing! Can you please make a video explaining Bollinger Bands and RSI?
Thanks for your video Ashley
We love to see more live trading videos ❤❤❤
Hi Ashley, This is so cool and doable. It’s a fabulous strategy!🎉🎊Thanks
Been beating myself up a bit that I sold my 603 shares of PLTR at $33 each back in May 2023. Now thinking of liquidating a few other investments to rebuy but afraid to do so. I also currently have 500k in Retirement accounts making me next to nothing.
I know it's a scary move, but after working for the man for 34 yrs, an ira of 150k after retiring, I converted to a 401k rollover,I invested in goog, tsla, 4x my money in 4.5 yrs and last month bought pltr too, I manage my future vs fidelity!! God bless Trump, Elon, USA, pramirez USN vet
Great idea!
Great video. Thanks.
You are welcome!
Thank you for the great video. Is there cost associated with holding the puts or calls? I'm a newbie, but I think I heard that on another video, on another channel.
Ashley, took your advice last week and sold a put 4 days out and bought a June call leap on PLTR. Cleared over 12K by Friday.
Amazing! 🤩
THose are both long positions, how are you covering it? Hopefully you sold weeklie calls to protect the position.
@@danielroper18Daniel, this is what I did in detail. Sold 24 $65 strike December 06 PLTR puts. As PLTR price increased I bought back the $65 puts for a $2K profit. Sold the Dec 06 $69 puts for $4700 and let them expire for the total premium. At the same time I sold the $69 puts I bought 25 Jun 20 PLTR calls for $28K (rounded off) sold the calls the next day for $34K for a $6K profit. Total profit from all trades was $12K
These were cash covered puts BTW.
@@kenhoneycutt2046 good job I was talking about covering your leaps with Short dated calls
Excellent video 👍👍👍
Would you buy a put and make it a spread and derisk losing 100k?
Hi, I'm new to NTN. Is it too late to enter the Jan and March Pltr leap calls? Thanks
I am sharing your videos to my friends
@@healthylifeinamerica9032 🙏
Did you choose a higher delta for the sell calls because it was near the top of the BB? I know you typically like the .2 delta, and this is over .4.
Nice video. What are your thoughts and methods when it comes to actually withdrawing the income from the premium collected to use? In your example here if you withdrew that $8k a month for living expenses or savings and you're still left with your $200K collateral, you can continue as long as the stock stays within the 60 to 75 range. If PLTR went up to say the $100 range then you have a lot fewer shares or contracts that you can buy with that collateral.
Excelente presentation of the facts, and rsks, you are amazing! THANK YOU!
Appreciate that!
thank you ashey, could make a video on how to manage palentir if you buy covered call and the stock move .s past your Strick price
ruclips.net/video/1Ap1Yi3D29Q/видео.htmlsi=-_2YD5b0jZLZE-Qw
Could you do a video just on the indicator settings you use and how they work for the bollinger and rsi indicators your using on the charts? Thank you!
Ashley, thank you for sharing your knowledge, and helping others to be better options traders. Could you please share with us what options trading platform do you use or recommend for a beginner trader. Thank you again for your kind advice. 😊
Hi again love if i do a put a month out whats is a good delta ???
When i sell puts, I usually stick to a 20 Delta.
@kylerdenton09 thanks monthly or weekly ?
Both
I love this channel! $$$
Honored to have you as a viewer William!!
Wonderful tutorial, Ashley, as always, thank you 24k subscibers your climbing....
Such a blessing to regain my subs 🙏
I have the Jan. 2027 LEAPS for PLTR. I understand I can begin selling short-term low delta Calls against my LEAPS. Now I am wondering, would it be even safer if you can sell a Vertical Call Credit Spread against a LEAPS ? It sounds complicated but it would be safer in order to keep my LEAPS positions open, right? Do you ever do this?
Just wondering, is buying options paying premium on IRA (trad & roth) considered distribution?
I actually did very similar trade but on smaller scale before Fridays close. I bought 200 shares of PLTR at around $76.53 and immediately sold 2 covered calls at 80 strike price to collect premium of $548. Now will wait to see what happens. Also bought PLTY from Yield Max funds to collect the $3.84 dividend. ❤
It seems like it's extremely complicated with all the adjustments, risk management and so on.
Ashley. Do a video about crypto XRP.
Love your approach Ashley. Very conservative yet high returns. My only tweak (more risky) to it would be to use the Poor Mans Covered Call strategy in lieu of buying the stock. And for added safety buy it deep in the money...then sell the calls. Also, because it has been jumping up in price Im selling shorter term calls to help reduce chances of being called. Thoughts? And thanks again Ashley.
@@thomasjpetracca2963 PMCs are great as long as you have time to manage them :)
Are you on Twitter my friend? Ashley? Have I mentioned that you have made me 120,000 now on palantir? It's really miraculous
Hi! That is so wonderful to hear!
what if you buy a PUT now for 1 year and you buy the shares now and you keep selling calls weekly, wont it be a better idea for a safe trade?
if you lose your share in one of those calls, you can buy more later and if the stock tanks, you can use that put at any moment
@@gabakusa puts are for insurance so not a bad idea!
You are instructive as always!
Instead of waiting for a red day (with a stock like PLTR who knows if that will ever happen) perhaps sell very aggressive puts hoping for assignment and in that way possibly getting the stock at red-day prices but in the meantime getting some premium?
Dunno.
🤷♂
You could do that!
This was my thought. I sold some shares of PLTR from a covered call that hit the strike price, so wouldn’t it make sense to sell a put longer out in hopes to have it assigned while collecting a higher premium?
I have 90 shares of PLTR so far and have sold 3 PUT contracts that have paid me approx. 2000 dollars. If they get put to me then I will have 400 shares to sell covered calls on. My next position will be with HOOD.
@@Uwill49 wonderful!
How do you find RSI?
It's an indicator on the chart, just like the Bollinger Band. Click Indicators and search for Relative Strength Index.
I recently sold a weekly covered call on PLTR, and my shares got called away (sad, I know). But it's all good-I plan to apply your advice on the wheel strategy and generate income by selling puts on PLTR this week. Just a quick question: would you recommend selling weekly puts or monthly puts? Loving your channel so far! There are so many options gurus out there, but your content stands out for being the clearest and most helpful. Thanks for everything! ❤"
@@HypertronicTeddy hi! Both work well. It just depends on your time factor. I do both :)
And thank you! 🙏
Hi There ,
Just noticed January has 5 Fridays in it . Wouldn’t the institutions sell their options on 24th of Jan 2025, as it would be the second last Friday of that month ?
I will check!
The monthly expiration is the third Friday no matter how many weeks are in the month.
@ thank you
@ thanks for clarifying
Another nice video, Ashley! Is there any benefit of playing with this strategy vs just buying leaps and selling weekly or monthly covered calls against them?
I mix it up and do both!
Safely? This stock could be cut in half at the blink of an eye.
I made a mistake of selling Puts on Pltr for Feb earnings but if I get assigned, it’s only 66/share. Is it not scary bec it’s parabolic? How do we hedge in case of correction? Maybe next topic is how to prepare for bear market.
When selling puts, if a week before or 3 days before Palantir tanks and you decide you do not want to own the shares. Should you roll as soon as Palantir stock price goes below strike price? Or you have the time to wait until a day before or at the day of expiration for Palantir to recover?
PLTR has blown through all resistance. I had to roll out my covered calls to 12/2027. I should of let them get assigned/to use the wheel strategy
I already own Palantir and thought about selling options but no one ever says what the taxes are on the gains.
Those pesky taxes 😅
@@ashleytradingwithashley So are they based on regular income?
@ I would check with a cpa but typically short term capital gains 😉
Great education but a retiree with $200k and risking $100k on any single stock is a bit risky no? Especially a super high beta stock like $PLTR at ATH.
Otherwise a great general approach that I have been using for many years but on mega caps and index ETFs with less volatility (and yes lower premiums) and a higher degree of safety for retirees who depends on consistent income.
Hello there :) Yes, I mention in the video I would not put my entire portfolio in one stock but I explained that I wanted to illustrate how it works with one play. Diversification is key!
May be do it for 10000 instead
👍🏾👍🏾
Ashley, newbie here. I binge-watched your videos over the Thanksgiving break. They gave me the confidence and knowledge to try selling options. I made over $3,000 in premiums this past week. You are an amazing teacher! Thank you!
That is so wonderful to hear!! I love that you are doing this!
❤
crazy
69th like 🥳🥳🥳🥳✌️✌️✌️✌️
Hi Ashley, FYI you say you can grow your money expedentialy, but that is impossible because that is not a word... Sorry , I couldn't help myself! 🤗 Your information however is awesome... I have been trading options for years, and your info is really helpful.
It IS a word! What do you mean?
She said "exponentially." I have an accent too, so there's no need for such pettiness. I'm sure you understood her point clearly, so let's focus on the content. Check the transcript @ 18:56.
@ clearly I wasn’t paying attention!!!
If only Warren Buffet was watching your channel he wouldn't be such a bad investor making only 20% per year. And let's not forget this bad investor Peter Lynch. He only did 30% per year. They could be making 53%. What a morons.
Did you know Warren Buffett is the world's number 1 options trader?
Jim Simmons averaged over 69% a year in over 30 years.
The moron with billions of dollars, and among the world’s wealthiest individuals. Yup, moron. 🙄