SELLING COVERED CALLS IS WHERE IT'S AT!! 🔥🔥🔥🔥 I've been doing this with 300 shares of TSLA and it's saved me half the losses from the recent dip in the market. Selling Options is the safest way to trade options, in my opinion. Great explanation 👍🏼
@@guga781 if it is called you will have to sell. Some brokerages allow you to buy back shares before this point though, this can be in the form of a stop loss order or a take profit order. In which case, a take profit would’ve prevent the call from getting in the money
Ive watched so many videos on how to trade options. Henry is the only one I watch now, he explains the process very well. Thanks Henry wish I found your channel earlier but Im glad I finally learned!
i did this exact same thing.. i bought 100 shares of tattoo chef and i CC it right away at the next price above and collected the premium but the stock dropped almost $2 last week.
Hello Henry, i've been watching your video's and have my first month of options trading behind me. Only covered calls and cash secured puts. I have a big week coming with a lot of options expiring the 13th. It was stressing me out a bit since some are near the money and i'm on margin. After watching your 'rolling options' video i'm thinking: 'where's the catch?'. I've been investing in stock for 10 yrs and could hit myself in the head for not discovering this sooner. A big thank you for clearing up the clouds!
No matter how many times I hear you talk about the wheel strategy, I listen to it all the way through. I already nicknamed it the wheel of money/fortune lol.
Plus I wrote my first covered call contract on amc made like $250 in two weeks after I watched your video on covered calls. So thank you Henry, you the man!!
Rolling down sounds to make sense since you have positive unrealized pnl however when rolling up you are sitting in a negative unrealized pnl which you need to realize in order to defend your position from having it called away
Holy crap, after all these videos I been watching on options this one finally had all the info together so that it clicked! I have to learn how to be successful at this so I can supplement my retirement income.
Bought NIO today at $44.80, sold $46 strike for this Friday and collected $1.13. If it hits strike that’s 5.2% gain. Sold my other NIO at $53 strike for next Friday, I don’t want to lose those ones.
In general I think selling covered calls is a good idea. However most video on see on the subject only talks about premiums and how great of a return you can get and that there is very little risk. One thing though that is not talked about is that there is a fair amount of risk.Reason being is at times share price can quickly go up or down in a big way. So when you sell covered calls you are at risk of share price going way down,but at the same time you are not able to enjoy share price recovery of price going way up quickly as you are forced to sell at strike price.
Do you prefer to simply buy the shares and then sell covered calls or to sell puts, wait until you get assigned, and then sell calls on those shares? Which is more profitable in the long term?
I have been watching your videos for awhile now(on tv), but now have a chance to thank you for your down to earth way of explaining options. I am in the learning phase, bought books, but still feel "unsure", and will probably paper trade first....I am interested in LEAPs and Covered Calls to start off, to generate income, and to protect assets. Thanks I will be listening more "bell" is checked.
I sell cash secured puts and covered calls.. I make a about 150$ to 300 a week with a cash account of 40k , mostly growth stocks weekly contracts.. better than have my money park in a savings account..
Great job Henry! I only do Options Selling Strategy and I really enjoy your coverage of selling puts and calls. I also ONLY do weekly's. Excellent income and growth strategy!!
Thank you for your videos. What do you do or what strategies you follow when a stock you bought goes down by a big margin to an extent that selling covered calls at breakeven is almost worthless! I considered selling puts to collect premium and to dollar cost average down but this could not be done if you dont have cash collateral in case you get assigned.
Today 7/28/22, NIO is trading at $19.11, so that buy of 100 shares @ $43.60 is a -$2,449 loss, minus the premium collected. Is there a strategy to recover to the plus side. Or just hold the shares in hopes of it going back up?
Flip to a sell puts strategy? I'm new so I'm not sure that is right. But the stock was in a down trend, stage 4 decline, so a Call Strategy doesn't work.
What people don’t talk about is if the stock falls 15-20% below your cost base. On your initial sale, you will make $ but after the stock drops 15-20% the premiums you can collect are very low. Further you’re unrealized loss far exceeds the premium you collected on your shares. Am I missing something here?
hey guys just have a quick question, what if I have 100 shares at 40 dollars and im selling the covered call at a strike price of 42 dollars then the stock plummet to a price of 30 dollars, is my shares going to be sold to the buyer for 30 dollars or would the option expire worthless and i get to keep my share plus the premium?
I believe that's where the chart and Bollinger bands come in. The upper band at what he set at 2 deviations would keep the price within the bands 90% of the time. What I do is just set my new strike price at 5-8% above it's current price for weekly calls. Remember if it looks like your stock will be called away you can always roll your option to a higher strike price or to expire a week later. You do this by closing out your current position by buying the option. Then you can sell a new call option at a higher strike price usually at a expiration of a week later that gives you more premium.
Don't know what I'm doing wrong but synthetic covered calls seem to inititally add buying power but at the end of the trade if it is ITM and gets assigned the money never materialises in the Net Liq side. Could have closed the other day with a straight Call for $700 but I thought I'd sell a Call ITM for greater premium. Ended up closing with $235 profit and it took an extra 10 days. I'll just stick to straight Calls in future - so much easier.
Uncle Henry I have a question. I have a long call on a stock and I'm selling shorts against it. On this same stock, I own over 100 shares and would like to sell calls against this as well, and would not mine if these shares would get sold. I want protect my LEAP and NOT get that exercised early. When I write a CC how do I know what collateral I'm putting up? The long call or the 100 shares I currently own? I'm finding myself in this pickle when this week ends, so it could be an easy solution when I go and write the CC, but I don't know yet and want to be prepared and know what to do. I'm on robin hood if that makes a difference. Thank you so much and I love your videos!
Quick Question Henry. How do you track your P&L when selling options? I can’t find where the premium goes in my account details. Thanks for all the value you bring to new investors like us!
hey my friend there is a youtuber guy that sell cover call for a living, he offers spread sheet for free, for tracking covered call, cost basis and even poor man covered calls. I use the every single day. Franco
So say I make a sell call, on a stock Monday morning and the stock drops to my strike price the day I make it.(Monday) Do I buy 100 shares automatically that day or does it wait till Friday when the option actually expires? Thanks love these vids
I've done some research on covered calls. My findings are that the theoretical returns don't seem to match the actual ones. When a stock blows up or blows down you have a problem. If it shoots higher, you get a small amount of that gain and now have to repurchase the stock at a much higher price if you want to keep writing calls on it. If it collapses in price (like a lot of growth stocks have done recently) what's your protection on the downside? Also, I have not seen any videos on covered call writing discuss wash sales which are a huge pain in the butt from a tax perspective.
henry, what are the top 4-5 stock to start with that are fairly inexpensive and have good premiums? also could you or have you done a video to show how to set up stop loss on options using robinhood, incase things go sour and will get you out without too much bleeding incase we cant watch it all day. thanks
Hey brother, just a quick question. Can I use my Cash account to buy the 100 shares then sell the cover call on my Margin account? I understand the concept, but not sure which accounts to utilized. Warmest regards. Great information.
When I write covered calls, I don't care if the stock goes up or down!! If a stock goes up and gets assigned, I make money.... and then I buy more and write another and another... and my premiums keep pace with the upward movement. If the stock goes DOWN and the call option expires... I write more covered calls and if it keeps going down..... in time it is possible to get REIMBURSED by the call buyers for what I paid for the stock...and guess what I have... FREE STOCK!!! and then I can sell it and generate FREE MONEY. And if you sell the stock for less than your original cost... the IRS will let you take a TAX DEDUCTION as a capital loss, even tho you got dollar for dollar back (in call premiums) for what you paid for the stock. It's a WONDEFUL strategy.
yes plenty of people are making good money off covered calls with amc mines well make money off your shares while u wait for it to squeeze if u think it's squeezing and u see it rising almost to the strike u choose for the covered call and u don't wanna lose your shares u can always buy the call back before it reaches your strike so u won't have to sell your shares
Great video touching on all of the aspects of this strategy, including and especially the long term returns. This is truly a weekly mainentance trade that over time, with or without compounding, can generate a lot of passive income.
Hey, could you clarify something about choosing the strike price. I don't care about potential gains from a stock or if my stocks get called away, I just want to maximize my weekly premiums. Since I can just buy back the 100 shares when I do get assigned, would it be best for me to always pick the closest strike price so I get the best guaranteed premium?
Once you get assigned. You may sell put instead of buying back because selling put will get you premium as well. It is called option wheel trading. Look up on the internet.
So if the price of the share falls below both the current share price and strike price, am I forced to sell the stock at a loss or can I retain the stock?
Hi Henry if we already own a 100 shares & we are selling a call (1 contract) against our own stock we are owning as collateral, do the broker still demand for any margin when we place the orders?
I bought covered call for Tesla last December when it was trading at around 1200 dollar. Since then Tesla has dropped significantly. Now if I place covered call at the cost basis the premiums is very low. If i sell covered call for lower price there is risk of stocks being called away and due to price drop there will be realized losses. Wtf do I do in this situation. Tesla is known to be volatile so even with small delta there is risk of being assigned.. thanks please answer this..
So I’m still a little confused. Why wouldn’t you just choose a much higher strike price that guarantees the stock doesn’t hit that price more than likely. Sure you grt a little less premium, but if I can make $50 to $100 and know the stock won’t get exercised I could rinse and repeat. I’m sure I’m wrong and missing something.
Got assigned (was selling puts). Instead of crediting me my Premium, broker assigned me discounted shares. (At strike minus premium). Is this standard procedure through out the industry? Tkx
Thanks a lot for the understanding Mr. Henry! What if the stock climbed to $46 before expiration, and then falls back down to $43 on expiration date? Do I still keep the underlying shares? Or just the premium?
Selling a call requires you to own 100 shares of the underlining stock, while buying a call only requires payment of the dollar amount of the call. Google or youtube it for clarification.
Man this is good stuff, I'm learning with every video. Is a close strike better for gains tax if the trade is called away and is the premium short term gains?
Thank you Henry. Even though I already know a lot about options trading and I'm already using them as a weekly income, I love watching your videos as a refresher and usually learn something new. I had my MARA shares called at 30.5 today and that hurt a little, but shouldn't complain, I'll sell puts again next week. Wish I'd learnt options trading sooner. 👍🤓
@@steve99912 That's something I still have to learn more about. I tried buying to close and the order wouldn't go through. Anyway, I'm using yhe wheel strategy, so hopefully it'll work out OK.
I did last week with SPCE and earned some nice premium and the option expired worthless. Just need to keep an eye on it in case it moves against you and want to keep your shares by rolling up and out
Don't not overlook the downside (if the stock drops). U will ended up holding the stock and losses will be huge if the stock falls much below the entry price. There's no such thing as a 'win-win' options strategy. Do not mislead viewers.
You forgot to share the other side of the puzzle. You don't just wanna buy 100 stocks. You sell puts and make premium until you're assigned the stock. Then you trade covered calls.
SELLING COVERED CALLS IS WHERE IT'S AT!! 🔥🔥🔥🔥 I've been doing this with 300 shares of TSLA and it's saved me half the losses from the recent dip in the market. Selling Options is the safest way to trade options, in my opinion. Great explanation 👍🏼
How about taxes on these covered calls if they get exercised? You are obligated or forced to sell your shares right?
@@guga781 if it is called you will have to sell. Some brokerages allow you to buy back shares before this point though, this can be in the form of a stop loss order or a take profit order. In which case, a take profit would’ve prevent the call from getting in the money
Ive watched so many videos on how to trade options. Henry is the only one I watch now, he explains the process very well. Thanks Henry wish I found your channel earlier but Im glad I finally learned!
The opportunity with covered calls gets me pumped!!
i did this exact same thing.. i bought 100 shares of tattoo chef and i CC it right away at the next price above and collected the premium but the stock dropped almost $2 last week.
Dude, Henry, more videos on options and just practically everything else you can possibly cover! You ROCK!
I did it. I sell cover call AMC expired in 2 days. As long as AMC don’t go to 48 dollar this Friday,I make my premium of 150 dollars. Finger cross.
Hello Henry, i've been watching your video's and have my first month of options trading behind me. Only covered calls and cash secured puts. I have a big week coming with a lot of options expiring the 13th. It was stressing me out a bit since some are near the money and i'm on margin. After watching your 'rolling options' video i'm thinking: 'where's the catch?'. I've been investing in stock for 10 yrs and could hit myself in the head for not discovering this sooner. A big thank you for clearing up the clouds!
No matter how many times I hear you talk about the wheel strategy, I listen to it all the way through. I already nicknamed it the wheel of money/fortune lol.
Plus I wrote my first covered call contract on amc made like $250 in two weeks after I watched your video on covered calls. So thank you Henry, you the man!!
Think it all the way through, there are limitations or situations that you don't want to be in. It's OK, but there are better options.
@@bruvaman80 I'm new to option what are better options then covered call or cash secured puts?
Excellent video. Way better than most on this subject 😀
I am learning how to do this myself, thanks ton for the video and the explanation.
Can you do a post mortem video of this trade? What was the outcome? And thank you for the videos! I've been learning so much!
You’re blowing my mind Henry
Rolling down sounds to make sense since you have positive unrealized pnl however when rolling up you are sitting in a negative unrealized pnl which you need to realize in order to defend your position from having it called away
Do you normally just buy 100 stocks out right or start with a cash secured put to obtain 100 shares?
Holy crap, after all these videos I been watching on options this one finally had all the info together so that it clicked! I have to learn how to be successful at this so I can supplement my retirement income.
I've only been trading options for 8 years and have a teaching background too haha
Thanks Henry. I learn something new every video I watch! Options trader Indiana
Bought NIO today at $44.80, sold $46 strike for this Friday and collected $1.13. If it hits strike that’s 5.2% gain. Sold my other NIO at $53 strike for next Friday, I don’t want to lose those ones.
Did you buy more this week?
This is very interesting.
I need to be a part of it.
I started selling covered calls after watching your videos. Thank you!
In general I think selling covered calls is a good idea. However most video on see on the subject only talks about premiums and how great of a return you can get and that there is very little risk. One thing though that is not talked about is that there is a fair amount of risk.Reason being is at times share price can quickly go up or down in a big way. So when you sell covered calls you are at risk of share price going way down,but at the same time you are not able to enjoy share price recovery of price going way up quickly as you are forced to sell at strike price.
Do you prefer to simply buy the shares and then sell covered calls or to sell puts, wait until you get assigned, and then sell calls on those shares? Which is more profitable in the long term?
Good afternoon! Please, is this a good time to sell Tesla covered calls? Thanks!!
Hello would you close the position before the week ends?
I have been watching your videos for awhile now(on tv), but now have a chance to thank you for your down to earth way of explaining options. I am in the learning phase, bought books, but still feel "unsure", and will probably paper trade first....I am interested in LEAPs and Covered Calls to start off, to generate income, and to protect assets. Thanks I will be listening more "bell" is checked.
When do you dump a stock you are selling calls on usually?
What is the best stock analyses website?
I sell cash secured puts and covered calls.. I make a about 150$ to 300 a week with a cash account of 40k , mostly growth stocks weekly contracts.. better than have my money park in a savings account..
I picked up more NIO shares today so I can sell covered calls! Thanks Uncle Henry.
Great job Henry! I only do Options Selling Strategy and I really enjoy your coverage of selling puts and calls. I also ONLY do weekly's. Excellent income and growth strategy!!
Nice. Very educational. I learn something
Hi i am in uk so no robinhood can i do exactly same with interactivebrokers? kind regards Paul
Thank you for your videos. What do you do or what strategies you follow when a stock you bought goes down by a big margin to an extent that selling covered calls at breakeven is almost worthless! I considered selling puts to collect premium and to dollar cost average down but this could not be done if you dont have cash collateral in case you get assigned.
Today 7/28/22, NIO is trading at $19.11, so that buy of 100 shares @ $43.60 is a -$2,449 loss, minus the premium collected. Is there a strategy to recover to the plus side. Or just hold the shares in hopes of it going back up?
Flip to a sell puts strategy? I'm new so I'm not sure that is right. But the stock was in a down trend, stage 4 decline, so a Call Strategy doesn't work.
What people don’t talk about is if the stock falls 15-20% below your cost base. On your initial sale, you will make $ but after the stock drops 15-20% the premiums you can collect are very low. Further you’re unrealized loss far exceeds the premium you collected on your shares. Am I missing something here?
hey guys just have a quick question, what if I have 100 shares at 40 dollars and im selling the covered call at a strike price of 42 dollars then the stock plummet to a price of 30 dollars, is my shares going to be sold to the buyer for 30 dollars or would the option expire worthless and i get to keep my share plus the premium?
The option would expire worthless and you keep the premium.
I would not recommend selling calls so close to the earnings date, which is part of the reason why the premium is so high for nio.
Henry is out here teaching the infinite money cheat code
Isn’t wise to sell calls on good green day for the stock?
Great teachings:)
Curious to understand what happens if NIO for example drops to $40? Do you continue to sell the calls even with a smaller premium?
I believe that's where the chart and Bollinger bands come in. The upper band at what he set at 2 deviations would keep the price within the bands 90% of the time. What I do is just set my new strike price at 5-8% above it's current price for weekly calls. Remember if it looks like your stock will be called away you can always roll your option to a higher strike price or to expire a week later. You do this by closing out your current position by buying the option. Then you can sell a new call option at a higher strike price usually at a expiration of a week later that gives you more premium.
….aaaaand it continued to drop. 🤦🏻♂️
Good videos Uncle Henry! ... Remember there's a lot of new investors starting off with $1,000 - $10,000. Keep the videos coming. 💪😎
Don't know what I'm doing wrong but synthetic covered calls seem to inititally add buying power but at the end of the trade if it is ITM and gets assigned the money never materialises in the Net Liq side. Could have closed the other day with a straight Call for $700 but I thought I'd sell a Call ITM for greater premium. Ended up closing with $235 profit and it took an extra 10 days. I'll just stick to straight Calls in future - so much easier.
Uncle Henry I have a question. I have a long call on a stock and I'm selling shorts against it. On this same stock, I own over 100 shares and would like to sell calls against this as well, and would not mine if these shares would get sold. I want protect my LEAP and NOT get that exercised early. When I write a CC how do I know what collateral I'm putting up? The long call or the 100 shares I currently own? I'm finding myself in this pickle when this week ends, so it could be an easy solution when I go and write the CC, but I don't know yet and want to be prepared and know what to do. I'm on robin hood if that makes a difference. Thank you so much and I love your videos!
The collateral is the 100 shares you own.
Quick Question Henry. How do you track your P&L when selling options? I can’t find where the premium goes in my account details.
Thanks for all the value you bring to new investors like us!
It's in history
hey my friend there is a youtuber guy that sell cover call for a living, he offers spread sheet for free, for tracking covered call, cost basis and even poor man covered calls. I use the every single day.
Franco
@@Onlyextrinsic cab you please share the link or channel.
@@rajasekharkoduri sure, it's THE CPT DASHBOARB
So say I make a sell call, on a stock Monday morning and the stock drops to my strike price the day I make it.(Monday) Do I buy 100 shares automatically that day or does it wait till Friday when the option actually expires?
Thanks love these vids
You don’t get assigned until expiration date.
@@bernabedelarosa8803 you can be assigned anytime the person exercises once its ITM
I've done some research on covered calls. My findings are that the theoretical returns don't seem to match the actual ones. When a stock blows up or blows down you have a problem. If it shoots higher, you get a small amount of that gain and now have to repurchase the stock at a much higher price if you want to keep writing calls on it. If it collapses in price (like a lot of growth stocks have done recently) what's your protection on the downside? Also, I have not seen any videos on covered call writing discuss wash sales which are a huge pain in the butt from a tax perspective.
If ur managing your position, it's always a win. Not a big win maybe, but a win nonetheless.
henry, what are the top 4-5 stock to start with that are fairly inexpensive and have good premiums? also could you or have you done a video to show how to set up stop loss on options using robinhood, incase things go sour and will get you out without too much bleeding incase we cant watch it all day. thanks
Great video that touches all the aspects of the strategy.
Depends on what kind of trader you are in determining which strike to sell.
Excellent video, perfect info, thank you!!!
Hi Henry, which brokerage platform are you using for your main option trading account? Thanx
Most videos I seen , he has robinhood!
Hey brother, just a quick question. Can I use my Cash account to buy the 100 shares then sell the cover call on my Margin account? I understand the concept, but not sure which accounts to utilized. Warmest regards. Great information.
When I write covered calls, I don't care if the stock goes up or down!! If a stock goes up and gets assigned, I make money.... and then I buy more and write another and another... and my premiums keep pace with the upward movement. If the stock goes DOWN and the call option expires... I write more covered calls and if it keeps going down..... in time it is possible to get REIMBURSED by the call buyers for what I paid for the stock...and guess what I have... FREE STOCK!!! and then I can sell it and generate FREE MONEY. And if you sell the stock for less than your original cost... the IRS will let you take a TAX DEDUCTION as a capital loss, even tho you got dollar for dollar back (in call premiums) for what you paid for the stock. It's a WONDEFUL strategy.
May I know if I own CFD not stock ,can I do covered call?
Love these options series videos.
I have AMC now, do you recommend cover calls? What if it’s gonna squeeze?
AMC I can't say. Too hard to predict
yes plenty of people are making good money off covered calls with amc mines well make money off your shares while u wait for it to squeeze if u think it's squeezing and u see it rising almost to the strike u choose for the covered call and u don't wanna lose your shares u can always buy the call back before it reaches your strike so u won't have to sell your shares
Great video touching on all of the aspects of this strategy, including and especially the long term returns.
This is truly a weekly mainentance trade that over time, with or without compounding, can generate a lot of passive income.
How do u not have more subscribers?Great content. Great transparency on options. Thank you for these videos
Thank you! I'm happy as long as I'm helping others 😁
Hey, could you clarify something about choosing the strike price. I don't care about potential gains from a stock or if my stocks get called away, I just want to maximize my weekly premiums. Since I can just buy back the 100 shares when I do get assigned, would it be best for me to always pick the closest strike price so I get the best guaranteed premium?
@Helen Tylor SCAMMER
Once you get assigned. You may sell put instead of buying back because selling put will get you premium as well. It is called option wheel trading. Look up on the internet.
So if the price of the share falls below both the current share price and strike price, am I forced to sell the stock at a loss or can I retain the stock?
You can keep. You would be down on your initial investment of the shares, but you can always keep reselling contracts on it and collecting premium.
So what happens on August 13? Do you have to buy that option on August 13?
bro 4% a week annualized is over 200 also that is crazy good return
Great video thank you so much. I look forward to your new videos
Absolutely love all the videos.
Hi Henry if we already own a 100 shares & we are selling a call (1 contract) against our own stock we are owning as collateral, do the broker still demand for any margin when we place the orders?
If you own the shares and you payed cash for them. There is no margin
Loving all your videos learn a lot. Thank you Henry!
I bought covered call for Tesla last December when it was trading at around 1200 dollar. Since then Tesla has dropped significantly. Now if I place covered call at the cost basis the premiums is very low. If i sell covered call for lower price there is risk of stocks being called away and due to price drop there will be realized losses. Wtf do I do in this situation. Tesla is known to be volatile so even with small delta there is risk of being assigned.. thanks please answer this..
So I’m still a little confused. Why wouldn’t you just choose a much higher strike price that guarantees the stock doesn’t hit that price more than likely. Sure you grt a little less premium, but if I can make $50 to $100 and know the stock won’t get exercised I could rinse and repeat. I’m sure I’m wrong and missing something.
so the standard deviation is the big yellow highlight
Great vid - I do a lot of option trading and this was great. We do a stream every weekend about stocks and macro economy.
Great videos and easy to understand. Do you have a list of stocks you trade CSP and CC under $50 ?
Can you do this with a cash account?
Whatsapp a pro trader
What if the stock keep faling?
Hi Henry, i'm from outside The US, is there another trading platform that you'd recommend? Seems to be as user friendly as what you have shown?
Got assigned (was selling puts). Instead of crediting me my Premium, broker assigned me discounted shares. (At strike minus premium). Is this standard procedure through out the industry? Tkx
What happens if the price drops at expiration. You keep the stocks?
You keep the stock and the premium you collected from the option.
Thanks a lot for the understanding Mr. Henry! What if the stock climbed to $46 before expiration, and then falls back down to $43 on expiration date? Do I still keep the underlying shares? Or just the premium?
Good question, please help Henry.
Keep em coming Henry, I’m learning a ton!
Did this all happen in the same time frame of an hour or whatever it took to create the initial video ? You bought and sold in that time ?
I did it live...
@Henry love these videos!! Thank you!
Thank you for the video, very useful.
does DELTA change as the price goes up or down?
Delta is always highest when it's at the money, and decreases as it moves away from it on either side.
What’s the difference between selling a call and buying a call?
Check out my call option playlist and watch the videos
Selling a call requires you to own 100 shares of the underlining stock, while buying a call only requires payment of the dollar amount of the call. Google or youtube it for clarification.
If u start with 1000 and just do cover call for 10years. U can become millionaire because that 1000 double every year
Thanks so much for 🔥🔥!! Keep up the good work 👏
Enjoyed the video , can you go over the stop loss ? If a sharp drop when to get out , if it can’t roll out ?
What is your Discord channel? Link?
Email ben@investwithhenry.com
Henry Henry Henry…..bravo champ! Bump the other stuff, keep this coming.
Great video. Clear and straightforward.
Henry, do you just let this specific trade expire or do you sell it before the date? Also if it just expires what happens? You sell 100 shares?
Man this is good stuff, I'm learning with every video. Is a close strike better for gains tax if the trade is called away and is the premium short term gains?
Thank you Henry. Even though I already know a lot about options trading and I'm already using them as a weekly income, I love watching your videos as a refresher and usually learn something new. I had my MARA shares called at 30.5 today and that hurt a little, but shouldn't complain, I'll sell puts again next week. Wish I'd learnt options trading sooner. 👍🤓
Fantastic. Glad to have you and love the comment
Why didn't you just roll it up and out?
@@steve99912 That's something I still have to learn more about. I tried buying to close and the order wouldn't go through. Anyway, I'm using yhe wheel strategy, so hopefully it'll work out OK.
@@theenzone1420 wheel stragedy has flaws. If you add a few things to the wheel stragedy you can really make some great gains.
Me too at 33$ wasnt expecting that Friday runup
Love your video and content. Is it wise to sell a covered call through earnings? Could be a lot of volatility either direction
Depends
I did last week with SPCE and earned some nice premium and the option expired worthless. Just need to keep an eye on it in case it moves against you and want to keep your shares by rolling up and out
This is serious BRO talk!
Don't not overlook the downside (if the stock drops). U will ended up holding the stock and losses will be huge if the stock falls much below the entry price. There's no such thing as a 'win-win' options strategy. Do not mislead viewers.
Great video. Joined your group yesterday. Looking forward to huge stupid success.
Whats the annual percentage return u make?
A LOTTTT. in realty it's like 80% which is a LOT.
@@InvestwithHenry wow 80%? That is on the high side most people are averaging 20-30% dude. How mucg buying power you deploy?
Join discord my friend be happy to chat and show you
You forgot to share the other side of the puzzle. You don't just wanna buy 100 stocks. You sell puts and make premium until you're assigned the stock. Then you trade covered calls.
Hi Henry. Love the content. Do you trade via your name or a legal entity of some sort?
Name
Unk got me making Stupid! Money!
Good video - thank you.
Thanks Uncle Henry!