RETIRE EARLY ON JUST $212,000 With The Wheel Strategy on THESE Stocks

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  • Опубликовано: 24 дек 2024

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  • @InvestwithHenry
    @InvestwithHenry  25 дней назад +20

    Beware many comments below are unfortunately bots and scammers. I won't ask for your money. Other than my link in description please be careful.

    • @IMBLESSED-oe6dl
      @IMBLESSED-oe6dl 24 дня назад

      I don't understand options

    • @jfvalejandrino
      @jfvalejandrino 24 дня назад

      You’re awesome. Thank you Henry for showing options on SPY etc.

    • @Dan-codes
      @Dan-codes 24 дня назад

      Hopefully, they at least get you YT revenue.

    • @bettyboyadjian9212
      @bettyboyadjian9212 20 дней назад

      You are amazing, would love you to assist me to manage my fund, you can email me if possible

    • @QargZer
      @QargZer 14 дней назад

      You can easily block them by removing specific phrases they use especially the crypto they cite

  • @facemakerable
    @facemakerable 25 дней назад +54

    Henry : "retirement not how much $$ you save its how effectively your $$ work for you "

  • @benitabussell5053
    @benitabussell5053 20 дней назад +104

    It's enticing to consider purchasing some stocks in this bull run. I'm contemplating investing more than $300k for retirement. While the bull run can generate short-term excitement, i also need long-term investment strategy.

    • @A_francis
      @A_francis 20 дней назад +3

      It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points

    • @RickWatson-xu6gw
      @RickWatson-xu6gw 20 дней назад +2

      Working with an investment adviser is the best strategy for navigating today's stock market, particularly for those approaching retirement. After consulting with a coach, my initial $450K investment has grown to more than $800K since Q2.

    • @Eugene-m2v
      @Eugene-m2v 20 дней назад +2

      I'm worried about my retirement portfolio and could use some guidance. How can I get in touch with your advisor?

    • @RickWatson-xu6gw
      @RickWatson-xu6gw 20 дней назад +1

      Marissa Lynn Babula is the advisr I use and I'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

  • @etfeasy
    @etfeasy 25 дней назад +26

    Just be careful!
    We are all geniuses in a bull market.
    When tides goes out we come to know who is swimming naked

    • @tdiler12
      @tdiler12 23 дня назад

      Exactly right.
      These are great sounding strategies but what happens if
      one of your individual stocks
      plummet.
      Back to work you go.

    • @---tx9xx
      @---tx9xx 23 дня назад

      i suppose that's a good question, how you make the money off selling options in a bear market

    • @pablowegwerf7502
      @pablowegwerf7502 18 дней назад

      @@---tx9xx Be assured there's a strategy for that!

    • @samuelfox8126
      @samuelfox8126 7 дней назад

      Yep.

    • @jaydennguyen-xk1yo
      @jaydennguyen-xk1yo День назад

      @@tdiler12with or without options strategies if a stock plummets of course you are going to lose money

  • @kushkaptain4205
    @kushkaptain4205 25 дней назад +5

    I love your advice. No BS just straight and simple info. No fluff

  • @vduggir
    @vduggir 25 дней назад +5

    Thanks for providing summary every time 👍

  • @Gruelking89
    @Gruelking89 25 дней назад +10

    Is the biggest risk that the share you choose goes down in price sharply over the time you are trading? Therefore the premiums you make don’t outweigh the losses you made on the shares you now own?

    • @ST5S5
      @ST5S5 24 дня назад +4

      Yes. In a situation where that happens, you have a large unrealized loss on your shares and while you can keep selling covered calls you don’t want your shares to be called away below your cost basis which means the premiums you’d be collecting would be very small relative to your unrealized loss. To combat something like this, there are things you can do like using some of the premium gained from selling otm calls to buy atm puts so that if the shares go down, you collect some premium from the calls, but you can make money on those puts. It won’t be enough to necessarily turn a profit relative to the share price depreciation, but if your downside is more limited then it’s easier to turn the position into a profitable one as you continue to sell covered calls

    • @sgib199
      @sgib199 19 дней назад +1

      You got it. The biggest risk is you can lose a huge portion of your nest egg.
      Like the other person said, when you get assigned the shares, if the price has gone down too far, you can either sell calls for next to nothing to be able to hold onto the shares, or you can sell calls a little above your new price to get a premium, and then get called out of the stock resulting in a huge loss (you already have the big loss in this scenario whether you realize it or not). You can stay on the wheel if you want, but the "income" means nothing if your capital is eroding.
      Of course you may be fortunate and not lose money. But at a delta of 30, you'll get assigned often enough and some of them could be painful.

  • @richie5930
    @richie5930 25 дней назад +15

    Henry so first sell puts to get assigned and then sell covered calls on those shares? So what if sell puts dosent get assigned ? U just keep the premium and keep selling puts until it gets assigned right to do covered calls on them right

    • @entertainmentinternational1087
      @entertainmentinternational1087 25 дней назад +5

      Yes exactly

    • @JCJourney
      @JCJourney 25 дней назад +5

      yup. you just got the WHEEL in the head. sell puts in good stock is best. you either got the stock for cheaper price or got the premium.
      it is better to have stocks that you are selling put and stocks that you are selling calls. if will balance it out if the market is down

    • @kalyantpv
      @kalyantpv 25 дней назад

      @@JCJourney Say you sold put at $100 and got assigned, and stock falls to 80. This will leave you in a mode where you are waiting for it to be above 100 to do covered call sell right? Otherwise, say if you do covered call sell for 85, then you will have to keep rolling over etc. This works if there is good premiums and also if stock keeps going up or at least does not fall down crazy.

    • @JCJourney
      @JCJourney 24 дня назад

      @@kalyantpv ya, that is true. you will lose money if sell covered call below $100 and get assigned or you have to keep rolling. that is why Henry suggest not doing that when the stocks are over RSI 40. when the RSI is too high or too low, it is overbought or oversold. if it is a good company and oversold, it has high chance to recover . if you sell put when it is overbought (high RSI) , it has higher chance it will drop and you will hold 100 shares, then the stock keep dropping.
      it is better to wait for a good and large company to drop and sell put, if assigned , you get 100 shares for cheaper price. if not, you keep premium.
      if get 100 shares, then you keep selling covered call.
      sell covered call when the stock is overbought. sell put when the stock is oversold. if you have large account, you can pick 5 to 10 stocks and WHEEL. you can get around 5% a monthly easily. 100K account. that is $5000 a month. if you do it for couple months, that is enough return to cover some of loses.

    • @MS-hb9gn
      @MS-hb9gn 23 дня назад

      Yes. You could also sell puts to average out at a lower dollar amount and sell covered calls. So u sold 5 to get assigned at 100 strike. You avg is actually 95. If u sell again and are assigned at 80 but got 5. Then u avg out 95 and 75. Which comes out to 80 if u doubled ur position. Otherwise you could be at 85 or something lower and sell calls on those.

  • @gjm758
    @gjm758 25 дней назад +4

    Thank you for your time and talent!!!

  • @henrybernhard0
    @henrybernhard0 22 дня назад +185

    I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October
    2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
    Thanks so much Charlotte Grace Miller.

    • @Arlingtongeorge
      @Arlingtongeorge 22 дня назад

      The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.

    • @HighlightsSerieATIM
      @HighlightsSerieATIM 22 дня назад

      I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.

    • @masterotrunks
      @masterotrunks 22 дня назад

      I'm new at this, please how can I reach her?

    • @anatolyivan
      @anatolyivan 22 дня назад +1

      I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

    • @henrybernhard0
      @henrybernhard0 22 дня назад

      she's mostly on Instagrams, using the user name

  • @Emily-le2op
    @Emily-le2op 24 дня назад +53

    Do you think it's a good time to consider selling some stocks, or is it better to hold onto them for the long term? I’m considering rebalancing my $250k portfolios. Curious

    • @ConradGosling
      @ConradGosling 24 дня назад +1

      Before making any investing decisions, it is advisable that you consult with a qualified financial counsellor.

    • @JordanReam8186
      @JordanReam8186 24 дня назад +1

      I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $500k in a little over a year, my adviser chooses entry and exit orders.

    • @lawrenceHart-ys2ct
      @lawrenceHart-ys2ct 24 дня назад

      I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @JordanReam8186
      @JordanReam8186 24 дня назад

      Sophia Irene Powell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

    • @JordanReam8186
      @JordanReam8186 24 дня назад

      Can't divulge much, ‘’Sophia Irene Powell’’ preferably, {you can look up the name on the web, her qualifications speak for itself.

  • @LiveMore-e1v
    @LiveMore-e1v 24 дня назад +107

    I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

    • @ZoeyBoni
      @ZoeyBoni 24 дня назад +2

      Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.

    • @Endurance-l3r
      @Endurance-l3r 24 дня назад +3

      Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.

    • @PhilipBeck-h8l
      @PhilipBeck-h8l 24 дня назад

      pls how can I reach this expert, I need someone to help me manage my portfolio

    • @Endurance-l3r
      @Endurance-l3r 24 дня назад +6

      Kimberly Grace Flanagan is the CFA i use and im just putting this out here because you asked.

    • @PhilipBeck-h8l
      @PhilipBeck-h8l 24 дня назад

      Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @junior4984
    @junior4984 25 дней назад +4

    MAN THIS GUY ROCKS. HENRY COULD YOU MAKE A SMALL video on how to handle the Tax part of this. Ty

    • @cluggyahoo
      @cluggyahoo 25 дней назад +1

      Just don't pay them !😅

  • @rychard91
    @rychard91 25 дней назад +2

    Your the best hands down! I already finished your classes. Thank you for the knowledge.

  • @CELIAseavey-jl2jg
    @CELIAseavey-jl2jg 25 дней назад +1

    Great information! Thanks Henry!

  • @entertainmentinternational1087
    @entertainmentinternational1087 25 дней назад +2

    Love the knowledge...best is taking out a few thousand a week and reinvesting the rest.. if i make 10k+ a week I'll take out 2k a week.. under 10k I'll take out 1k a week , both to pay down the lil bit of debt i have left.... the only problem is getting caught in a correction since its 30 days out..... i like weeklies for that reason...after a certain amount of capital that smaller % is still crazy good

  • @americandreams8200
    @americandreams8200 25 дней назад +1

    Thank you, Henry 👍❤

  • @MichaelGabreil
    @MichaelGabreil 20 дней назад +247

    I Believe investors should always put their money in good use, especially next year(2025), we'll start to see more market diversification. I'm hoping to invest at list $750k of my savings in stocks this coming 2025 year. Hope to make good return's in millions this next coming year 2025.

    • @MichaelGabreil
      @MichaelGabreil 19 дней назад

      @@EbrahamAljalil I'm approaching retirement and having a financial advisor has been helpful. I started investing later than most, so relying on compound interest from Etf's or bonds alone wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $2 million

    • @MichaelGabreil
      @MichaelGabreil 19 дней назад

      @@EbrahamAljalil luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting

  • @vichart011
    @vichart011 25 дней назад +3

    How do you manage when stock drops drastically after assignment. That happened to my with tsla.

    • @donnyh3497
      @donnyh3497 25 дней назад +5

      Some people sell another put lower in price and if it keeps going down, they sell another one even lower than that. When tsla finally levels out, you will be able to sell covered calls at the shares that you were assigned at the bottom level, and then as tsla slowly comes back up you can sell CCs on the shares you bought at the next level up and so forth until it comes all the way back and by then you are selling CCs on a bunch of shares that have been DCAed down to an excellent price! Do not run the wheel on stocks that you don't believe in and want to own long-term.

    • @Isgood2beKing
      @Isgood2beKing 25 дней назад

      Well , that works if you have a lot of capital ,
      i got assigned tesla December 2023 at 250$ 2 contracts.,
      More than 55000 dollars, then drops all the way to 180$ shares, how i gonna be selling cash secure put,
      That was all my capital, for buy any dips ,
      matter of fact,i lost all the dips, of tesla,
      Now im fine.
      If you have any advice i will love it, cause that was all my capital to do the weel.

    • @ST5S5
      @ST5S5 24 дня назад

      @@Isgood2beKingin a situation like that you have to sell puts at a strike price that you feel the downside is limited. You can also choose an underlying stock that wouldn’t use all your capital to buy the shares. Important to be mindful that the more volatile the stock is, the higher the premiums, but also more potential downside so if you choose something less volatile for a wheel position you may be better off

  • @InvestementInfo438
    @InvestementInfo438 25 дней назад +1

    "Hand over fist ... Bicep over Tricep" 😅 good sense of humor. You are killing it Henry, been watching you since you started. Love that you are giving back to the community and putting out sound actionable content without a pay wall.

  • @milescali
    @milescali 25 дней назад +2

    Question. Is your portfolio retirement money or are you removing funds each year to pay taxes? Thanks for the info.

  • @OsideTEM
    @OsideTEM 2 дня назад +1

    how do in get information about your 1 on 1 training

  • @Wealth_Builder_Nation
    @Wealth_Builder_Nation 25 дней назад +4

    Always love your info Henry! Would you recommend someone with about 25k to use around 13k for the wheel on Nvidia ? Thinking about trying to scale my account safely with this strategy, thanks!

  • @sidowsidow
    @sidowsidow 20 дней назад

    i love the short summary idea

  • @lucya5095
    @lucya5095 25 дней назад +1

    Thanks Henry your the best!❤

  • @jeremyhill-h9e
    @jeremyhill-h9e 25 дней назад +7

    I retired at age 53 and am now in my early 60s. Many people resisted me because they couldn't understand the idea of not working if you don't have to. I considered my life to be in phases. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." After I retired, I left the nation and now reside in Latin America. I was able to enjoy my new surroundings and escape from all the bad things that were going on in America. I haven't yet encountered anyone who laments their retirement.

    • @ediencui
      @ediencui 25 дней назад

      @emilyshao-f6i I definitely share your sentiment about these firms. Finding financial advisors can be a personal choice sometimes, but I work with Elizabeth Louise Greak. She can assist you shape your portfolio and that would be a very creative option

    • @kyrenfei
      @kyrenfei 25 дней назад

      Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.

    • @JudgeMatty
      @JudgeMatty 25 дней назад +1

      ​@@ediencuielizabeth is a fraudster and will steal your money 😮

    • @streetbloodfam
      @streetbloodfam 25 дней назад

      Can I start with a couple grand? How fast can I scale that? Should I use this strategy?

    • @JudgeMatty
      @JudgeMatty 25 дней назад +1

      @@streetbloodfam don't do it, you'll get your money stolen

  • @terifong9816
    @terifong9816 20 дней назад

    Rewatching,thanks again Henry

  • @rohmchris7
    @rohmchris7 25 дней назад +1

    Love your video, 🎉happy holidays

  • @relaxingricky
    @relaxingricky 25 дней назад +1

    Another wheel video and I can't stop watching...... biceps over triceps haaaaaaaa my brother.🤙🍷🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

  • @damaddog8065
    @damaddog8065 25 дней назад

    Keep at it Henry, this is helping people.

  • @epatruno75
    @epatruno75 25 дней назад

    Your teaching is really cool. Hi from Italy

  • @aurinator
    @aurinator 25 дней назад +2

    "So here's the 1-minute summary" 0:39
    SPY monthly Wheel with a 27 Delta

  • @frankzheng5221
    @frankzheng5221 22 дня назад

    Sounds good, thnaks Henry

  • @mariodiaz1644
    @mariodiaz1644 25 дней назад

    Thank You Henry

  • @Berkayykrl
    @Berkayykrl 11 дней назад

    How can i search about LIT options what he was just talking about ?

  • @ChristopherGiles-vi8sf
    @ChristopherGiles-vi8sf 24 дня назад

    Thanks Henry.

  • @mariodiaz1644
    @mariodiaz1644 25 дней назад +1

    You are definitely Henry.

  • @Nathan00at78Uuiu
    @Nathan00at78Uuiu 25 дней назад +1

    What do you think of doing poor man covered call to allow selling covered calls for more contracts than owning the shares and then selling the long call when done trading.

  • @nicklang9210
    @nicklang9210 25 дней назад +3

    Can you speak to the tax ramifications of doing this in a taxable account? Thanks

    • @DNin210
      @DNin210 25 дней назад +1

      Taxed as short term gains. If you lose and then reinvest in same or very similar investment, it produces a disallowed loss.

    • @sgib199
      @sgib199 19 дней назад

      ​@@DNin210 Not disallowed, but carries over until the new investment/speculation position is closed. If you are rolling options to another expiration date of strike price, it is NOT a similar instrument and is not subject to wash loss rules, even though it has the same underlying stock.

  • @immanueloliver9173
    @immanueloliver9173 23 дня назад

    WE LOVE U HENRY

  • @juleshuh
    @juleshuh 25 дней назад

    Absolutely amazing,,, am learning everyday

  • @mercmanwon
    @mercmanwon 25 дней назад +5

    All is wonderful until something goes South. You never talk about that and it happens and it can easily destroy your account.

    • @ThaRealERAQ
      @ThaRealERAQ 25 дней назад

      Not selling puts on spy

  • @kingstev0708
    @kingstev0708 25 дней назад +1

    Love it !

  • @onAN0THRlvl
    @onAN0THRlvl 23 дня назад

    i used weeklies to get 13% on gme this month

  • @ssy333kk5
    @ssy333kk5 25 дней назад +2

    Wheel is good until stock market crash or your stock price go down sharply. If that happened you will lost a lot.

  • @metatron1947
    @metatron1947 25 дней назад

    I appreciate you sharing and teaching for free Henry. I wish I had come across you a few years earlier. Not getting any younger...

  • @tinaha6273
    @tinaha6273 25 дней назад

    Thanks so much for sharing, please make a video for margin account, please do

  • @Hazel66781
    @Hazel66781 25 дней назад +1

    I'm curious why you don't trade using IWM? The ETF is $243 compared to SPY at $603.

  • @sampya1
    @sampya1 23 дня назад

    Hi Henry, I have subscribed to your channel.why there is only one expiration date starting in Feb 2025?

  • @mr.prestige8967
    @mr.prestige8967 25 дней назад

    some good gems, Henry 🎉

  • @alexryndin125
    @alexryndin125 24 дня назад +1

    But if market goes down then this strategy most likely not gonna work ?just like Tesla or Nvidia often dips

  • @OSVALDORojo-b2w
    @OSVALDORojo-b2w 25 дней назад +2

    Bro, i bought XAI533K in November after your video. i'm up 379%.

  • @georgeleloudis6160
    @georgeleloudis6160 19 дней назад

    glade I found your channel can you do a video on Call you back options with a small amount....Thank you for the education and experience you bring here

  • @bryanvan9212
    @bryanvan9212 25 дней назад +1

    Can you do this with money in a regular IRA and, if so, would the income be tax free until it’s withdrawn?

    • @tracer888
      @tracer888 25 дней назад +1

      yes, you can trade options and even futures in Schwab IRA, I assume true with Interactive Brokers and Tastytrade as well

  • @grey6218
    @grey6218 25 дней назад +1

    Also what if I do this on QQQ? With my whole portfolio

    • @ST5S5
      @ST5S5 24 дня назад

      I think QQQ is a good candidate for the wheel. TQQQ has more volatility and is much cheaper to buy 100 shares of so I’d also look at that so that you don’t have your entire portfolio tied up at once in one asset

  • @sergeyshevchenko3989
    @sergeyshevchenko3989 24 дня назад +4

    Why you don't tell people what would happen if market fell 20-30% and all your sold puts become assigned? All your 3-5% per month trades based on trading on margin . If market falls margin call guaranteed

    • @sgib199
      @sgib199 19 дней назад

      Even if you aren't trading on margin, the pain of a pullback would be very real. Selling options is also leverage, and leverage is double-edged sword.

  • @davidpaterson6460
    @davidpaterson6460 24 дня назад

    @investwithHenry When you mention the RSI and the Bollinger bands what time frame are you looking at them?

  • @terifong9816
    @terifong9816 25 дней назад +1

    Thanks Henry, how do I participate 1 to 1 couching?

    • @polish2x91
      @polish2x91 25 дней назад +4

      Step 1) buy a couch

    • @terifong9816
      @terifong9816 25 дней назад

      @@polish2x91how to buy and how much

    • @terifong9816
      @terifong9816 20 дней назад

      @@polish2x91 how much? And where to buy,thanks

  • @samuelfox8126
    @samuelfox8126 7 дней назад

    If you're wheelin Tesla and palintir you're leaving lots on the table. Holding the stock is doing best right now. I'm up 180% on my shares i bought in March. I'm up 110% on Palintir i bought like two months ago. MSTR is my money printer on puts

  • @jen_amg
    @jen_amg 22 дня назад

    What do you charge for one on one training?

  • @politico1856
    @politico1856 17 дней назад

    Based on 2024: If assigned Tesla with puts, you’d be holding a stock that goes significantly below entry price. You’d be selling covered calls at a strike price way higher than the stock as it drops which means much lower premiums than what you are showing. You could lower the strike price and sell covered calls closer to the stock price as it drops but then you miss the stock recovery.
    What you show only works in theory if the stock remains flat and goes sideways.

  • @cookitketo3592
    @cookitketo3592 25 дней назад

    Where do you cover itm situations?

  • @K3Films
    @K3Films 16 дней назад

    I’ve been wheeling since August of 2024 with about 30k. As of right now I’ve made 12k. I wish I started this years ago. I promise you can make it work folks. Hopefully one day I’ll be at 7 figures but we’ll see!

  • @tjcz3
    @tjcz3 25 дней назад +1

    Do you teach option on E*Trade? I get so confused.

  • @babyshark3294
    @babyshark3294 24 дня назад

    thank you for making these videos. I'm an extremely busy man with little to no time. I'll be going through your vids during work to learn the wheel strategy.

  • @PaulAlan21
    @PaulAlan21 24 дня назад +1

    $200K in one Stock option, man that can turn south real quick on you if it crashes. Love your videos though.

  • @wellmymind
    @wellmymind 22 дня назад

    This is not risk free.
    1) Selling puts can get you stock assigned, no problem with that but if stock goes really low then it can put you in a heavy loss.
    2) Covered call: Stock could be taken away and if stock goes up a lot, potentially one could loose all the upside.
    Nonetheless these two are safest option strategies to make money.

  • @sasasa6324
    @sasasa6324 24 дня назад

    hi Henry, thanks for your qualify contents. I'd like to ask if RDDT a good stock for wheel trading? Many thanks.

  • @tonycavallo9825
    @tonycavallo9825 23 дня назад

    Henry, I have a very small amount just getting started. Would NIO still be a good option to run the wheel on? I know you used to trade NIO options several months ago. Thank

  • @MichelleMorar68
    @MichelleMorar68 21 день назад

    do you do the wheel strategy with dividend stocks?

    • @sgib199
      @sgib199 19 дней назад

      I believe he has said he's done it on Ford before. It pays a good dividend. It has dropped in the last couple weeks, and I'm quite possibly going to be assigned some shares (at a loss) but then I can sell calls if I want to.

  • @DNin210
    @DNin210 25 дней назад

    Will be difficult to sell CMG options unless you pick third Friday of each month. No volume.

  • @brucenelson7572
    @brucenelson7572 24 дня назад

    Thanks Henry .. I'm learning lots from your great videos like this one. 👏🏼👏🏼 One thing I am not clear about .. isn't the 30 day wheel strategy in fact (2) 30 day plays? ?? In the 1st half of this video, it is implied that you can make 2% per month with this strategy. Would this in fact mean roughly 2% gains in 2 months... NOT 1 month? .. Is my thinking correct here, or am I confused? Thank you!

    • @brucenelson7572
      @brucenelson7572 23 дня назад

      @InvestWithHenryC hmm ... not sure about that.. I just tried calling and I got a "this number has been disconected" msg. 🤔

    • @InvestwithHenry
      @InvestwithHenry  23 дня назад +1

      Because that's a fake account pretending to be me man

    • @brucenelson7572
      @brucenelson7572 23 дня назад

      @@InvestwithHenry I figured as much. Sorry you have to deal with crap like that. Thanks again for what you do here!

    • @jonathanlubarsky2782
      @jonathanlubarsky2782 16 дней назад

      @@InvestwithHenry Can you answer the question though? The options you were selecting for SPY paid 1% or less for 30+ days. How are you making 1.5-2% a month with them?

  • @Bewisewithchrist
    @Bewisewithchrist 21 день назад

    I cant sell puts or calls. What do i do?

  • @zuryashgebremariam8507
    @zuryashgebremariam8507 25 дней назад +1

    Can you teach options for beginners

    • @ST5S5
      @ST5S5 24 дня назад

      There’s lots of resources for options basics on YT. Watch those videos to understand basics and come back to these videos

  • @murray1white
    @murray1white 25 дней назад

    I added comment on your LEAP options on Spy , Tasty Trade doesn't appear to allow me to use hte Long Leap to sell covered calls , or am I missing something, cheers from NZ

  • @shutengloke5907
    @shutengloke5907 23 дня назад

    May I know what's your plan when SPY drop 25% like it did back in 2022?

  • @terifong9816
    @terifong9816 25 дней назад

    Tsla, what’s the strike for covered call

  • @jasoneyes01
    @jasoneyes01 25 дней назад

    Lately Nvidia IV is low unless it’s close to earnings.

  • @HowardRoark1
    @HowardRoark1 25 дней назад +7

    If making 2% per month were as easy as wheeling SPY, there’s no way the majority of funds would be underperforming the index

    • @ferrismartinez
      @ferrismartinez 25 дней назад +7

      I think you are mistaken, and here's why: those index funds typically manage billions of dollars, but SPY, for example, likely manages trillions. When it comes to managing large portfolios, you can effectively manage a portfolio in the $2-10 million range. However, managing the WHEEL with a portfolio exceeding $10 million becomes a different challenge. The sheer size can move the market, and algorithms are designed to detect such substantial movements, making it an entirely different game. On a different note, one truth is undeniable: a negative mentality can keep people stuck financially. Don’t let that be you. Stay informed, do your due diligence, and focus on growth-don’t be the person who limits themselves

    • @jelksjw24
      @jelksjw24 24 дня назад +1

      ​@ferrismartinez Well said! I like your explanation and positivity. This whole wheel strategy and doing options is brand new to me. However, I'm trying to learn it to see if this is something that I can implement into my portfolio and help my financial gain.

  • @GaloMoralesHerrera
    @GaloMoralesHerrera 15 дней назад

    I only have 30k what I should do ?

  • @aat3tville181
    @aat3tville181 25 дней назад

    Been watching Henry for a while and also the wheel strategy. I really dislike discord and most of the guys like Henry that I follow are all on Discord. I am slowly exiting my realestate holdings and putting 90% into the wheel strategy.

  • @josephvotta6698
    @josephvotta6698 24 дня назад

    Dear Henry, I like you; I respect your work and your knowledge. BUT, there is a point in ALL of your videos where you fail to connect the dots and you lose me.
    Here, On this video it as at 5:42, where you say, "So it's about seven dollars plus at 602, there's two dollars of upside, so, nine dollars" - Please explain this. Why would I, the investor make an additional two dollars "of upside" if I sell a 602 call? The buyer of my call gets the $2 upside, NOT ME AS THE SELLER. Please explain.

  • @joestrmiska6328
    @joestrmiska6328 25 дней назад

    Why not sell in the money calls instead of puts to start? It pays a little more premium.

  • @Crappie_Hunter_Seeker
    @Crappie_Hunter_Seeker 23 дня назад

    Can you tell me how you handle a case where a stock crashes when selling a put. Lets say overnight. Then your basis is much higher than the current stock price. Now I know you said before you just continue selling calls at a lower price and to just ignore your cost basis. Lets say your put was for $50 and the stock dropped to $40 overnight. You get assigned. So lets say it was assigned at $40 and you sell a call for $42. Then the stock blasts off to $50 but there are 20 days left to expiration. Do you try to roll up right away, when it goes in the money, or wait close to expiration to see where the stock settles? Suppose you wait and the stock has gone up even further - lets say $60. Now you would have trouble rolling because you would have to go out so far that it may be impossible unless you want to tie that capital up for years. Lets say you do go ahead and roll out for 2 years maybe, would there be a high chance of assignment? You would then have pretty good loss. What do you do then? Just start over? It could be you have a lost a lot of capital though at that point. Thank you for your videos. I am enjoying them very much and congratulations on your success.

  • @rychard91
    @rychard91 25 дней назад

    Henry plz share more videos that works for plo that are starting on option with small account 5k

  • @shawnpatrick87
    @shawnpatrick87 24 дня назад +2

    Not trying to be negative but, if you only have a 200k account and you use it all on puts and the stock crashes you cannot average down, so your sitting with dead money and a terrible premium if you try and sell calls, but hey I’m just a silly goose I like tsll and soxl on a one week, for the high iv.

    • @henrim9348
      @henrim9348 23 дня назад +1

      I agree with you. I'm currently sitting on YINN at ,$35 . The discussion on tariffs is pushing it further down. I'm now trading YANG. But it's more expensive.

  • @2coolartsmusicmom572
    @2coolartsmusicmom572 25 дней назад

    I cannot join Henry your site says site not available.

  • @zofiaskarzynski2031
    @zofiaskarzynski2031 24 дня назад

    Very helpful videos. I have been using this strategy few months before I started watching your videos. I do exactly what you teach and it really works. Its amazing . I have done very very well is safe environment. Sometimes I pinch myself if this is really true.

  • @GeoFinaTics-xl8vp
    @GeoFinaTics-xl8vp 25 дней назад

    What about the dude that retired on 27k with PMCCs... These are hardly covered on YT. Appreciate ya Henry 💪👍

  • @billybad1
    @billybad1 25 дней назад

    Do video on taxes

  • @meecheongkim3980
    @meecheongkim3980 25 дней назад +3

    What brokerage are you showing here? Is it Robinhood?

  • @bballanalytics1552
    @bballanalytics1552 25 дней назад

    BICEP OR TRICEP LETS GOOOOO!!!!

  • @berkanyildirimlar
    @berkanyildirimlar 25 дней назад

    Hello Henry, am I missing something? if you don' have the stock, you can't sell Covered Calls (unless naked calls, very risky). If you have the stock, you can't sell put because you used your money (unless you use margin). So this is not combination. By the way, I appreciate your free teaching, learned lots from you.

    • @tracer888
      @tracer888 25 дней назад

      you sell naked puts in stocks you want to own and can afford, then sell covered calls once assigned on those puts. That is the generic definition of the wheel. You can also research "Poor Man's Covered Calls" which uses a LEAP long contract and lets you sell covered calls against that vs the actual stock.

    • @ST5S5
      @ST5S5 24 дня назад

      You sell cash secured puts to enter a position and once shares are assigned to you, then you can start selling covered calls

    • @berkanyildirimlar
      @berkanyildirimlar 24 дня назад

      @@ST5S5 Yes the video I was confused I guess with the dates.Sell put same date with sell call. I do understand the strategy. Best case scenario you get assigned and right after you sell call.

    • @ST5S5
      @ST5S5 24 дня назад

      @@berkanyildirimlar when selling a call or a put, choose an expiration date that’s about 30 days out

    • @berkanyildirimlar
      @berkanyildirimlar 24 дня назад +1

      @@ST5S5 yes, if stock moves up and you don't get assigned you would not get the cover call because you don't have the 100 shares. I guess what Henry is saying make sure your chance of getting the stock both ways: Wheel strategy higher delta.

  • @marcinr5024
    @marcinr5024 19 дней назад

    you cant beat spy in bullish market with wheel strategy

  • @glennt8687
    @glennt8687 25 дней назад

    Thank you for another informative "wheel strategy" video. I've learned something from each video. I've found that the "wheel strategy" is the best way for me to increase my income each month.

  • @MarciHB
    @MarciHB 24 дня назад +2

    Let's say you sold monthly put 320 and Tesla went to 280 and you got assigned. You were forced to buy Tesla at 320 when it's price is 280.
    It's 4000$ loose isn't it?

    • @MarciHB
      @MarciHB 22 дня назад

      He didn't answer 😞

    • @sgib199
      @sgib199 19 дней назад

      Yes, you lose money. Some will say "but you only does this on stocks you want to own." But paying $40 extra per share (minus the premium you received selling the put) isn't so awesome.
      I do sell a few puts, but putting all your eggs in this basket is incredibly risky.

  • @richrootzmedia8790
    @richrootzmedia8790 25 дней назад +1

    What if I got $10K to start with instead? Can I do that same SPY strategy 🤔

    • @yrudonking
      @yrudonking 25 дней назад +2

      no. You need to be able to afford 100 shares because 1 contract is 100 shares.

    • @vansicklejerry
      @vansicklejerry 25 дней назад +1

      at $599 for SPY, you would need $59,900 minus the premium you collected to sell 1 put contract.

    • @larrythecoderguy9560
      @larrythecoderguy9560 24 дня назад

      I recommend looking at Henry's videos on "Put Credit Spreads", which you can also run on SPY or any high quality stock with as little as $500 (or less). I'm teaching my daughter using this strategy with just $1k and have almost reached $2k in just 4 months - safe and easy.

    • @larrythecoderguy9560
      @larrythecoderguy9560 24 дня назад +2

      He also has a video specifically for "small account strategies"

    • @ST5S5
      @ST5S5 24 дня назад

      For an account under $10k, I’d look to wheel PLTR or TQQQ, but keep in mind these assets are volatile so be prepared for downside in the underlying and sell csp’s far enough out of the money so you don’t get into a position where you’re down a lot on your shares when you get assigned

  • @polish2x91
    @polish2x91 25 дней назад +1

    So what happens when the stock crashes past your put price and u cant even sell a call at your cost basis?

    • @purepositivity7404
      @purepositivity7404 25 дней назад +1

      Hi Henry, please address this question. I had this exact scenario happen to me with NVDA around September 2024. How would you go about this situation? Thank you very much!

    • @ST5S5
      @ST5S5 24 дня назад

      @@purepositivity7404you should be ready for that scenario to happen. You can limit downside buy also selling a bear call spread with the csp’s to reduce your cost basis

  • @goldisrealmoney6658
    @goldisrealmoney6658 25 дней назад

    People don’t have to chase over valued companies. If you know how to actually Valuate companies you will find deals no matter market. I combine my Valuation knowledge with option trading and it’s be working pretty good. I Enjoy your videos, keep them coming.

  • @grey6218
    @grey6218 25 дней назад

    So if I have a 50k account, would it be wise to run the wheel on SPY only? Like I’d use some margin to sell monthly puts. This would be my whole portfolio though?