Great job. But the video is missing the context of what you did on the weekend during those 2 hours of research. What did you look in those stocks, what patterns did you see, when to place the trades whether it was call or put spreads.
This is one of my favorite channel. I would highly appreciate if you make a video on your thought process before opening a spread, indicators, TA that gives you confidence to select a specific strike price, and risk management. Basically your whole strategy to open, roll and close a spread
hey man! Thank you for your support. I'm super happy that you're enjoying the content! I might have to create a video to do just that! love the suggestion and please let me know what else you would like to see so that I can continue to grow this channel!
I was anxiously waiting for your reply. I love how transparent you’re and I have suggested you to my friends too. When we talk about your portfolio it’s so appealing. I was talking to my friend that it would be amazing if he shares his whole though process and they all were like yeah it would be more clear. So, I thought to leave a comment on your video and request you do a whole video about selecting strikes, TA, other indicators, how far expiration dates, when to roll or take loss, risk management to get a better understanding. I’m glad you heard me and my friends.
@@anakay7597 Thanks man for telling your friends about this channel! That means so much to me. I think my theory/philosophy at the core is that, short term markets can be irrational, but if you were to scope out, in the long term, markets are usually bullish. Obviously "long" term is up for interpretation... hence why for a large portion of my account, i only trade bullish positions (obviously in a bull market) in the medium to long term, and I'm willing to enter, riskier trades, by giving myself more time to expiration. The way I trade really has a lot to do with my risk tolerance. I can handle like a $5k loss on one trade (again obviously not ideal....), or a $20k swing on a day, but some people may not be able to. At the end of the day, I'm hoping that people can take a little bit of what I do, a little bit of what someone else on youtube does, or what you read in books, and combine that all up, into your own unique style. I'm constantly learning and tinkering my style and strategies, cause the market, especially now, can be very dangerous, you have to be fluid in order to protect what you've earned and consistently become better at trading. I'll see what I can do to recap at least some of my thought process :) Thanks again for your support.
You’re always welcome. Again I want to appreciate how transparent you’re not only in videos, but in comments too. I hope we see a video on your thought process and yes not everyone is good in managing or taking risk, but we can see you managing it amazingly. I wish you’ve a discord where like minded people can join through your RUclips to discord.
@@CreditSpreadInvesting, would be great if you could share how you decide the strikes, diuration and how to look for on the larger index etc before u decide to enter a trade... it would be very helpful for all here... thank you very much
What I didn't see is the percentage of risk you took on to achieve your results. Were you generally doing spread close to current stock price or with sufficient margin of error?
He makes roughly $30 for every $100 he risks. I'm guessing that means he'll sell 20-30 delta occasionally if he's very sure about a trade. I've heard him say he'll sell closer to the money if he's confident
I’m planning on trading only SPY vertical spreads considering it’ll allow me to trade more often and have a very high probability of winning the trades
When you "Top" your put credit spread, it becomes an Iron Condor. An Iron Condor is a combination of Put credit spread and Call credit spread all in one. you mention this at 8 min mark
This is really amazing! As someone new to option trading, what perplexes me is who are the buyers of these put options during a bull market? What are the reasons and logic behind it? Perhaps there are some mechanics that I don't yet understand. Happy to get some inputs from experienced traders to get a big picture....
Great video thanks! I’m curious what you look for before choosing a ticker for put credit spread. I know of only news catalysts and horizontal support levels. Just curious if it can be improved. I’d love to hear your thoughts
Thanks; congrats. Hope you will provide us an update with additional color. In particular, eager to know more about variables for your spread selection including a) width, b) IV, c) net Delta, d) Theta, e) trading platform, f) assignment of the underlying, g) trades around earnings. Curious too about considerations leading you to trade equities over indices. Subscribed to follow your work. Thanks again from PDX, Dave.
@@steezmonster92 lost alot of money. but the market definitely shit the bed and i started in a time of huge chaos. im still trying but not much success yet.
Hi, Thanks for your information, however i would like to ask you a question, because its pretty clear you mainly sell credit spreads on fundamentally great companies, with expirations 30/60 days out, however I would like to know how much of your account value do you sell spreads on? Example, assuming you had 24k, do you use the entire 24k to sell spreads on, or you use, for example, 50% of your account to sell spreads (12k USD)? Thank you! your comment would be greatly appreciated.
@@ernestodavilajr.7971 I believe he has answered my question in the past, he mentioned he used up all of his Capital to sell spreads (which means 100% of his account value)
Thanks. An interesting video. I enjoyed seeing this. I predominantly trade strangles and am in 25-50% profit/pa range this year. I'm gonna give spreads a go. Did you trade ATM, OTM, ITM? Seems like you didn't provide the most important part of the strategy. Cheers
I trade mainly OTM for this experiment. Usually one ATR away from the support or resistance that I've defined. I have a whole playlist on specific trades while doing this experiment, linked here if you're interested in more of the details. ruclips.net/video/BbHWZ1Fc8-c/видео.html
This is a great video ive been really getting into credit spreads and so far have seen some great success... not to your extent but i am happy with how I am doing so far. Thanks!
@@Reizo69 spreads have not been a great trade in such a volatile environment I’ve pretty much just limited myself to selling options for the time being
Great video man! Do you trade with margin? I've been debating about it, and currently am running the same thing as you, just on a much smaller scale with 10k to start with. What would you recommend?
@@CreditSpreadInvesting I think understand what you're saying. So when you close one credit spread, you're using all of that profit to finance the risk of another spread?
thanks for the vid....great win to loss ratio...I have a question around what triggered you to close the trade in debit? you mention that u had about 17K put towards them? what made you close them out?
Excellent breakdown! You’ve mentioned several times that your entries are based on TA, can you elaborate a little more in depth what you are watching to give a green light for entry? I’ve been leaning into this style, and using mostly SD channels showing where price movement toward the top or bottom may give me the edge to be aggressive on strike selection, but would really like to see a little more from you on what you look at. Thanks for the videos, really enjoying your content!
Hello! I have a series called the deep dive series, where I take you through my entry criteria on the trades I made during the week. I weigh price action, patterns, and stock momentum pretty heavily and usually if there is a volume confirmation off of a reistance or support, then there's where I position my position sizes more aggressively.
I'm currently in a lot of blue chips, as well as semiconductor stocks. I'm looking to try and diversify into more traditional and less tech heavy stocks so that I can be at least more diversified in my positions.
Also do you look for probabilities? How far you go out for expiration and how early you normally close them. I’m doing spreads on ETF’s and stocks seems very interesting and profitable. Want to learn through your channel your strategy.
I don't. I'm not a big fan of probabilities cause it doesn't really take into account the movement of the market. A good example, is like all of these realtively risky trades that I won (96%). If you were to look at POP or any probabilty metrics, some of my trades would be in the 60% range, but the actual results obviously is much higher. Another one is, i trade a really out of the money MSFT calls this week, and lost $6k. When i opened them for $252.5 when microsoft was still around $240... around 14 days ago, the POP was probably around 85-90%. But I lost that trade HARD. So for me, I think that number is a false indicator and people shouldn't really just trust it blindly. For puts, i try to go 45 days and calls, my strategy is not that great honestly, but I try to trade short pull backs for a max of 14 days. Imk if you have any other questions, and thanks again for the support!
Thank you for your reply. I look for probability OTM that really helps, but from your videos I have observed that you don’t go for probabilities or deltas. I really want to know how you pick your strikes and your risk management.
Hey Jake! Thanks for checking us out. There are a couple... ill just give you two to get you started :) 1.) If your spread is doing well, and you've already accured a vast majority of the credit. Closing it out early allows you to roll that money that was help in collateral into other potential trades. 2.) Closing is also a way to mitigate against what i would call, the greeks going against you. The only thing that would decay 100% is theta, your time decay, but if a stock were to jump or dip signifcantly as it goes towards your expiry, then your spread may no longer be profitable, or less profitable, and could very well end up at a loss, depedning on the aggressiveness of the spread that you're in. Hope that makes sense! and lmk if there's anythign you would like to see. I can try and make videos on it too!
No real deltas... I’m doing it mainly off of price action, chart patterns and making sure that I can manage my position sizing when the situation is more ideal.
So if I trade the s&p 500 credit spreads using iron condors, which expire Monday, Wednesday and Friday, do I need to choose an expiration date on the day within that week or choose like ten or more days out? I have been choosing the expiration date within the same week and that could be why I'm not seeing the $1000 or $2000 a week like other people in my class. Thanks for any tips you may have.
Not being critical, just pointing out a fact. This was a prime time to be long (SPX actually doubled during this time). It would be interesting to see the following year.
yeah i dont disagree. a lot of options is really just riding the trend. If you can identify the trend and trade that, it's usually a winning proposition. I did a video on only selling calls credit spreads the following year since the trend changed. thanks for viewing it and hope you find a chance to watch some of the other videos. cheers!
Hello, thanks for the info. 2 Questions I have... 1. What percentage gain are you looking for when you open your spreads? As in what's the lowest you will accept & what percentage is too high risk? 2. What is your process for finding the stocks to place on your watchlist & how often are you changing your watchlist? Just opened a Webull account & I'm about to start in mid April.
1. I don't really look at % gain when I open. It really depends on market conditions. I sometimes accept more if it's confirmed, and sometimes, less if the stock price is far removed from the previous support. However, I did have a call credit spread that went against me this week, so I might be looking for a % gain on call credit spreads in the future. 2.) I have a list of stocks that I often trade, as well as a scanner that I use to look for other opportunities. Good luck and looking forward to hearing about your progress.
@@CreditSpreadInvesting Thank you for the reply... plan on doing a video on your scanning process? I've added all the tickers mentioned in this video to my watchlist & I've been checking them daily looking for possible set ups. Also trying to decide if it would be better for me to do this credit spread strategy or would it be better to start off using the wheel strategy.
very nice. Detailed presentation. Just to understand your term collateral, when you started in Aug'20 with 14K that was your collateral. In Oct'20, you added 10K more and the collateral became 24K and the credit you received in the trades became additional collateral. correct?
Frankly I don't see how you can use only 25K of buying power to generate these returns. If you're putting on 30-60 DTE PCS's, and closing them a week before expiry, then your buying power is locked in until the spread is closed. And you definitely don't have portfolio margin on a 25K account. So that's a real mystery to me that you don't cover in your video or any of the comments below. 400K of buying power would be more believable, but then that implies that you generated ~84K or so of returns on 400K buying power, not 25K.
you would have to do MWF expirations and roll on 5 to 10 delta and then the premium you receive keep rolling that to the next day for 2 months straight. extremely risky but it can be done. definitely wouldn't keep doing this you will eventually blow up but to get to 50 or 100k quickly it's an option if ur lucky
I liked this video. Do you think the success you had trading the put credit spreads is due to the huge rally the market had from mid 2020 until today? I mean, what is your thought process by entering mostly put spreads? ""For puts, i try to go 45 days and calls, my strategy is not that great honestly, but I try to trade short pull backs for a max of 14 days. Imk if you have any other questions, and thanks again for the support!"" : I would love to see an example of your entry from a technical standpoint ( chart analysis)
Sorry but there is way to many details missing in the presentation to make it believable. You must realize this and the only possible reason you didn't give a single example (strikes,deltas,time to expiration,draw-downs,% capital in use at any time) of one of your hundreds of trades is that the real numbers don't add up.
Just saw the date of this video. The period that this video was made was crazy. It was difficult to go wrong during this period. Not so today. Today good news appears to be bad news for the market.
I don't track delta since I don't use it as an entry criteria. TD charges commisison for options trades... i forget how much, but i think it was around 2 grand or so for these many trades.
@@CreditSpreadInvesting If you were consistently risking only 5% of your portfolio starting from 24k, I don't understand how you could have made 75k in profits within this time frame. If you're just saying that to discourage your viewers from taking on excessive risk, then, I can understand that.
Per position but I trade almost 100% of my available cash. Which makes it around 20 positions open at any time. That’s how I traded like >$300k of collateral to get to $100k
@@rgasta7765 Actually upon deeper study of his videos, he actually was frequently choosing strikes near the money. Say 5% OTM, at strong support levels, 30-45 DTE. Stop loss at 2x. Adding new expirations upon retests of the support level or MAs that bounce with volume. Because it was a raging bull market, it worked out. He does not use delta. He uses "levels" and trades the trend.
Hey Danny. Feel free to check out the deep dive series on my account where I've done multiple run throughs on how I choose my strikes, and my trade management.
I call BS. This is too good to be true. I've traded credit spreads since this fool was in diapers about 30yrs and we've never seen profits like this. It's not sustainable. There's no truth to what he's saying.
I have been selling options for 2 years and paper trading alittle longer than that. I do not believe someone can turn 24k into 100k in 89 days just selling credit spreads. The Math simply does not work in that timeframe.
Ridiculous... all you do is a ramble on and show a profit breakdown 15 different ways l. what you don't get into is your criteria and evaluation of your credit spread strategies and trades. Nobody gives a fuck about someone needing their ego stroked assuming your result are even real..
Definitely Amazing and Motivating. I want to try this in an IRA account. Can you make more videos on specifics or if you sell a course or ebook or videos etc. number of contracts and Strike prices, Deltas, spread width ex$5.00 spreads, delta 0.10 etc, 30-60 days, indicators or price charts that show up or down trends etc. or even how to backtest a few of these strategies etc. worse case scenarios, like market corrections etc. biggest drawdowns etc. Anyways, Great Video. Thank You 😀
Most I made was $40k from about $25k, and it took 8 months. Congrats to your success.
40k on top of the 25k? or 40k total so 15k gained?
That's still an amazing gain. 317% growth is beyond insane and shouldn't be used as a realistic milestone for anyone.
Great job. But the video is missing the context of what you did on the weekend during those 2 hours of research. What did you look in those stocks, what patterns did you see, when to place the trades whether it was call or put spreads.
Because it's fake he really didn't do it
All these similar videos NEVER answer those questions
This is one of my favorite channel. I would highly appreciate if you make a video on your thought process before opening a spread, indicators, TA that gives you confidence to select a specific strike price, and risk management. Basically your whole strategy to open, roll and close a spread
hey man! Thank you for your support. I'm super happy that you're enjoying the content! I might have to create a video to do just that! love the suggestion and please let me know what else you would like to see so that I can continue to grow this channel!
I was anxiously waiting for your reply. I love how transparent you’re and I have suggested you to my friends too. When we talk about your portfolio it’s so appealing. I was talking to my friend that it would be amazing if he shares his whole though process and they all were like yeah it would be more clear. So, I thought to leave a comment on your video and request you do a whole video about selecting strikes, TA, other indicators, how far expiration dates, when to roll or take loss, risk management to get a better understanding. I’m glad you heard me and my friends.
@@anakay7597 Thanks man for telling your friends about this channel! That means so much to me. I think my theory/philosophy at the core is that, short term markets can be irrational, but if you were to scope out, in the long term, markets are usually bullish. Obviously "long" term is up for interpretation... hence why for a large portion of my account, i only trade bullish positions (obviously in a bull market) in the medium to long term, and I'm willing to enter, riskier trades, by giving myself more time to expiration. The way I trade really has a lot to do with my risk tolerance. I can handle like a $5k loss on one trade (again obviously not ideal....), or a $20k swing on a day, but some people may not be able to. At the end of the day, I'm hoping that people can take a little bit of what I do, a little bit of what someone else on youtube does, or what you read in books, and combine that all up, into your own unique style. I'm constantly learning and tinkering my style and strategies, cause the market, especially now, can be very dangerous, you have to be fluid in order to protect what you've earned and consistently become better at trading. I'll see what I can do to recap at least some of my thought process :) Thanks again for your support.
You’re always welcome. Again I want to appreciate how transparent you’re not only in videos, but in comments too. I hope we see a video on your thought process and yes not everyone is good in managing or taking risk, but we can see you managing it amazingly. I wish you’ve a discord where like minded people can join through your RUclips to discord.
@@CreditSpreadInvesting, would be great if you could share how you decide the strikes, diuration and how to look for on the larger index etc before u decide to enter a trade... it would be very helpful for all here... thank you very much
Congratulations! Pretty crazy how quickly your portfolio grew. Good luck on your journey to the next milestone! 💪🏼
Thanks!!! $200k here we come!
What I didn't see is the percentage of risk you took on to achieve your results. Were you generally doing spread close to current stock price or with sufficient margin of error?
He makes roughly $30 for every $100 he risks. I'm guessing that means he'll sell 20-30 delta occasionally if he's very sure about a trade. I've heard him say he'll sell closer to the money if he's confident
His average return per trade was 31%, and ranged 18%-42%, so I presume his deltas were between 25 and 50
I’m planning on trading only SPY vertical spreads considering it’ll allow me to trade more often and have a very high probability of winning the trades
When you "Top" your put credit spread, it becomes an Iron Condor. An Iron Condor is a combination of Put credit spread and Call credit spread all in one. you mention this at 8 min mark
How do you manage losing trades? It would be hard to roll spreads if your trades are losing. Do you close at 50% profit usually?
Insane man! That’s incredible!
Very nice job and very impressive, thanks
This is really amazing! As someone new to option trading, what perplexes me is who are the buyers of these put options during a bull market? What are the reasons and logic behind it? Perhaps there are some mechanics that I don't yet understand. Happy to get some inputs from experienced traders to get a big picture....
Great video thanks! I’m curious what you look for before choosing a ticker for put credit spread. I know of only news catalysts and horizontal support levels. Just curious if it can be improved. I’d love to hear your thoughts
Thanks; congrats. Hope you will provide us an update with additional color. In particular, eager to know more about variables for your spread selection including a) width, b) IV, c) net Delta, d) Theta, e) trading platform, f) assignment of the underlying, g) trades around earnings. Curious too about considerations leading you to trade equities over indices. Subscribed to follow your work. Thanks again from PDX, Dave.
i just started my journey this week started with 1300$ im at 1500$ atm week 1 so not doing to bad. thanks for the inspiration.
Newbie here. How’d it end up working for you?
@@steezmonster92 lost alot of money. but the market definitely shit the bed and i started in a time of huge chaos. im still trying but not much success yet.
Hi, Thanks for your information, however i would like to ask you a question, because its pretty clear you mainly sell credit spreads on fundamentally great companies, with expirations 30/60 days out, however I would like to know how much of your account value do you sell spreads on? Example, assuming you had 24k, do you use the entire 24k to sell spreads on, or you use, for example, 50% of your account to sell spreads (12k USD)? Thank you! your comment would be greatly appreciated.
i would like to know this as well
Me too! I want to know, also great use of vocabulary you were very good at making things clear for viewers
@@ernestodavilajr.7971 I believe he has answered my question in the past, he mentioned he used up all of his Capital to sell spreads (which means 100% of his account value)
had to be his entire account i tried this with my entire account of 100k and made like 20k in 2 weeks haha then stopped doing spreads haha
What do you trade now if not spreads bro?
Thanks. An interesting video. I enjoyed seeing this. I predominantly trade strangles and am in 25-50% profit/pa range this year. I'm gonna give spreads a go. Did you trade ATM, OTM, ITM? Seems like you didn't provide the most important part of the strategy. Cheers
I trade mainly OTM for this experiment. Usually one ATR away from the support or resistance that I've defined. I have a whole playlist on specific trades while doing this experiment, linked here if you're interested in more of the details. ruclips.net/video/BbHWZ1Fc8-c/видео.html
This is a great video ive been really getting into credit spreads and so far have seen some great success... not to your extent but i am happy with how I am doing so far. Thanks!
Update ?
@@Reizo69 spreads have not been a great trade in such a volatile environment I’ve pretty much just limited myself to selling options for the time being
@@benno390do you know what you were doing wrong?
Great video man! Do you trade with margin? I've been debating about it, and currently am running the same thing as you, just on a much smaller scale with 10k to start with. What would you recommend?
Hey Michael. I don't trade on margin. I'm just rolling what I collected into more spreads
@@CreditSpreadInvesting I think understand what you're saying. So when you close one credit spread, you're using all of that profit to finance the risk of another spread?
Yes that's correct
Any videos showing how do you normally enter your spreads? Delta, chart patterns etc
Appears to be 25-50 deltas on 30-60 DTEs, closed around 4DTE to 2DTE
thanks for the vid....great win to loss ratio...I have a question around what triggered you to close the trade in debit? you mention that u had about 17K put towards them? what made you close them out?
risk assignment, taking profits lol
Thanks for the video!
Excellent breakdown! You’ve mentioned several times that your entries are based on TA, can you elaborate a little more in depth what you are watching to give a green light for entry? I’ve been leaning into this style, and using mostly SD channels showing where price movement toward the top or bottom may give me the edge to be aggressive on strike selection, but would really like to see a little more from you on what you look at. Thanks for the videos, really enjoying your content!
Hello! I have a series called the deep dive series, where I take you through my entry criteria on the trades I made during the week. I weigh price action, patterns, and stock momentum pretty heavily and usually if there is a volume confirmation off of a reistance or support, then there's where I position my position sizes more aggressively.
@@CreditSpreadInvesting great, thank you! I will definitely take a look at the deep dive videos then. I appreciate your response!
@@CreditSpreadInvesting very cool! Is this a playlist on your channel? I didn’t seem to find it. Can you link it?
Amazing! What Delta’s were you aiming for?
I presume between 0.10 and 0.35
Really enjoyed the video
What tickets do you think you’ll focus on in the future since the market isn’t as optimal as it was a few months back?
I'm currently in a lot of blue chips, as well as semiconductor stocks. I'm looking to try and diversify into more traditional and less tech heavy stocks so that I can be at least more diversified in my positions.
Also do you look for probabilities? How far you go out for expiration and how early you normally close them. I’m doing spreads on ETF’s and stocks seems very interesting and profitable. Want to learn through your channel your strategy.
I don't. I'm not a big fan of probabilities cause it doesn't really take into account the movement of the market. A good example, is like all of these realtively risky trades that I won (96%). If you were to look at POP or any probabilty metrics, some of my trades would be in the 60% range, but the actual results obviously is much higher. Another one is, i trade a really out of the money MSFT calls this week, and lost $6k. When i opened them for $252.5 when microsoft was still around $240... around 14 days ago, the POP was probably around 85-90%. But I lost that trade HARD. So for me, I think that number is a false indicator and people shouldn't really just trust it blindly.
For puts, i try to go 45 days and calls, my strategy is not that great honestly, but I try to trade short pull backs for a max of 14 days. Imk if you have any other questions, and thanks again for the support!
Thank you for your reply. I look for probability OTM that really helps, but from your videos I have observed that you don’t go for probabilities or deltas. I really want to know how you pick your strikes and your risk management.
WOW! Great Work!
hey love the vid ! How many spreads do you trade a week?
Your channel is pretty cool to watch! Any reason for closing out the spreads early, from what I could comprehend, it's not necessary right?
Hey Jake! Thanks for checking us out. There are a couple... ill just give you two to get you started :)
1.) If your spread is doing well, and you've already accured a vast majority of the credit. Closing it out early allows you to roll that money that was help in collateral into other potential trades.
2.) Closing is also a way to mitigate against what i would call, the greeks going against you. The only thing that would decay 100% is theta, your time decay, but if a stock were to jump or dip signifcantly as it goes towards your expiry, then your spread may no longer be profitable, or less profitable, and could very well end up at a loss, depedning on the aggressiveness of the spread that you're in.
Hope that makes sense! and lmk if there's anythign you would like to see. I can try and make videos on it too!
Awesome video man!
31% per spread avg. is really good. I've been aiming for much less.
After crunching the numbers, it's surprising how much higher than expected it came out to be
@@CreditSpreadInvesting how many weeks out do you go typically
30 to 60 days depending on the situation
@@CreditSpreadInvesting any particular deltas you look for or is it all solely based on your price levels you determine?
No real deltas... I’m doing it mainly off of price action, chart patterns and making sure that I can manage my position sizing when the situation is more ideal.
So if I trade the s&p 500 credit spreads using iron condors, which expire Monday, Wednesday and Friday, do I need to choose an expiration date on the day within that week or choose like ten or more days out? I have been choosing the expiration date within the same week and that could be why I'm not seeing the $1000 or $2000 a week like other people in my class. Thanks for any tips you may have.
He's doing 30-60 DTE on stocks
Not being critical, just pointing out a fact. This was a prime time to be long (SPX actually doubled during this time). It would be interesting to see the following year.
yeah i dont disagree. a lot of options is really just riding the trend. If you can identify the trend and trade that, it's usually a winning proposition. I did a video on only selling calls credit spreads the following year since the trend changed. thanks for viewing it and hope you find a chance to watch some of the other videos. cheers!
Earned my Sub. Awesome work man. Hope it keeps up.
Hey Arrow Man. Thanks for the support!
Hello, thanks for the info.
2 Questions I have...
1. What percentage gain are you looking for when you open your spreads? As in what's the lowest you will accept & what percentage is too high risk?
2. What is your process for finding the stocks to place on your watchlist & how often are you changing your watchlist?
Just opened a Webull account & I'm about to start in mid April.
1. I don't really look at % gain when I open. It really depends on market conditions. I sometimes accept more if it's confirmed, and sometimes, less if the stock price is far removed from the previous support. However, I did have a call credit spread that went against me this week, so I might be looking for a % gain on call credit spreads in the future.
2.) I have a list of stocks that I often trade, as well as a scanner that I use to look for other opportunities.
Good luck and looking forward to hearing about your progress.
@@CreditSpreadInvesting Thank you for the reply... plan on doing a video on your scanning process?
I've added all the tickers mentioned in this video to my watchlist & I've been checking them daily looking for possible set ups.
Also trying to decide if it would be better for me to do this credit spread strategy or would it be better to start off using the wheel strategy.
Fantastic accounting . Good job !
Congrats! Well what's your strategy, mind sharing?
So he he more than 24k in his account since his collateral added up to way more. Good video though
Hi, great video. What delta or itm percentage did you use to pick you strike price for the credit spreads?
His average return was 31% so I presume between 25-45 deltas
This video deserves a LOT more views. Thank you!
very nice. Detailed presentation. Just to understand your term collateral, when you started in Aug'20 with 14K that was your collateral. In Oct'20, you added 10K more and the collateral became 24K and the credit you received in the trades became additional collateral. correct?
4X in 3 months. incredible.
Was this a cash account? Or does this require a margin account?
Have you ever traded futures? /ES, /NQ etc.
I haven’t
Frankly I don't see how you can use only 25K of buying power to generate these returns. If you're putting on 30-60 DTE PCS's, and closing them a week before expiry, then your buying power is locked in until the spread is closed. And you definitely don't have portfolio margin on a 25K account. So that's a real mystery to me that you don't cover in your video or any of the comments below. 400K of buying power would be more believable, but then that implies that you generated ~84K or so of returns on 400K buying power, not 25K.
you would have to do MWF expirations and roll on 5 to 10 delta and then the premium you receive keep rolling that to the next day for 2 months straight. extremely risky but it can be done. definitely wouldn't keep doing this you will eventually blow up but to get to 50 or 100k quickly it's an option if ur lucky
He said he closed them in expiration week, often on Monday, Tuesday or Wednesday
What was the usal delta you used in your trades?
Given the size of your account can you tell me how you determined the size of each trade, meaning how many spreads you would put on?
I only risk 5% of my account per trade
I liked this video. Do you think the success you had trading the put credit spreads is due to the huge rally the market had from mid 2020 until today? I mean, what is your thought process by entering mostly put spreads? ""For puts, i try to go 45 days and calls, my strategy is not that great honestly, but I try to trade short pull backs for a max of 14 days. Imk if you have any other questions, and thanks again for the support!"" : I would love to see an example of your entry from a technical standpoint ( chart analysis)
Great stuff
Thanks for just reading off stats. Maybe actually show HOW and WHY the spreads were taken.
So you're selling your credit spreads on Monday with expiration date the following week and then you close them on the following Monday
Hey MMT! I open up 30-60 DTE spreads on monday, and then close them the monday of expiry.
Sorry but there is way to many details missing in the presentation to make it believable. You must realize this and the only possible reason you didn't give a single example (strikes,deltas,time to expiration,draw-downs,% capital in use at any time) of one of your hundreds of trades is that the real numbers don't add up.
Just saw the date of this video. The period that this video was made was crazy. It was difficult to go wrong during this period. Not so today. Today good news appears to be bad news for the market.
this video has been a great source of information!!!!!!!!
What will be the tax percentage for the profit, maybe in NYC?
Why you don't try SPY as much? I think SPY is heavily manipulated
so what where your deltas on your spreads and what about your fees?
I don't track delta since I don't use it as an entry criteria. TD charges commisison for options trades... i forget how much, but i think it was around 2 grand or so for these many trades.
what a god
how many positions do you usually have on at a time?
I only try to risk 5% of my portfolio per trade. And I’m usually almost 100% in credit spreads
@@CreditSpreadInvesting If you were consistently risking only 5% of your portfolio starting from 24k, I don't understand how you could have made 75k in profits within this time frame. If you're just saying that to discourage your viewers from taking on excessive risk, then, I can understand that.
Per position but I trade almost 100% of my available cash. Which makes it around 20 positions open at any time. That’s how I traded like >$300k of collateral to get to $100k
@@CreditSpreadInvesting Ah, ok, that makes more sense. Well done.
Were they OTM or ITM or ATM spreads? I didnt get it. Can someone answer?
OTM, low delta
@@EvanEvansE3 Thank you
@@rgasta7765
Actually upon deeper study of his videos, he actually was frequently choosing strikes near the money. Say 5% OTM, at strong support levels, 30-45 DTE. Stop loss at 2x. Adding new expirations upon retests of the support level or MAs that bounce with volume. Because it was a raging bull market, it worked out. He does not use delta. He uses "levels" and trades the trend.
Do you offer mentorship?
this incredible
Thanks!
thank you very much
2 years later....... Update?
Dude is living under a bridge I hear!
What delta spreads are you trading?
I don't really use delta to enter trades. It's something that I consider but isn't a hard number that dictates how/when I can enter a position.
you dont do weekly?
Mainly 30 to 60 days to make it as passive as possible. Much easier to manage the swings with more time
@@CreditSpreadInvesting I like the theta decay on weekly
I can't believe I wasted my time watching this video. No indication of settings used, only shows what can't be replicated.
You should charge a monthly fee to recommend trades , would love some more passive income
I agree!!
Misleading title!
You didn’t show any trades. This is bs.
where's the how too not interested in you're showboat
Hey Danny. Feel free to check out the deep dive series on my account where I've done multiple run throughs on how I choose my strikes, and my trade management.
This is simply not possible...
What a waste of time. He just goes on an on about WHAT he did but not why or how.
A run on video. Way too long for me. GG
I call BS. This is too good to be true. I've traded credit spreads since this fool was in diapers about 30yrs and we've never seen profits like this. It's not sustainable. There's no truth to what he's saying.
Ur just not good enough.. I know person who makes 50% on there account per month...
@@RAndomlyEntertained Go ahead. Try it. Seriously. We will see who is right.
I have been selling options for 2 years and paper trading alittle longer than that. I do not believe someone can turn 24k into 100k in 89 days just selling credit spreads. The Math simply does not work in that timeframe.
even a monkey could've done this during 2020 year.... not a big deal.... try to do this during 2021
Did u do it though 😅🤣
Frustrating video what we want to know is why so many Puts vs Calls !!! Zero educational value, no thought process.
Ridiculous... all you do is a ramble on and show a profit breakdown 15 different ways l. what you don't get into is your criteria and evaluation of your credit spread strategies and trades. Nobody gives a fuck about someone needing their ego stroked assuming your result are even real..
It's actually very fascinating, important and vital to the technique and strategy. But you have to understand the strategy.
Definitely Amazing and Motivating. I want to try this in an IRA account. Can you make more videos on specifics or if you sell a course or ebook or videos etc. number of contracts and Strike prices, Deltas, spread width ex$5.00 spreads, delta 0.10 etc, 30-60 days, indicators or price charts that show up or down trends etc. or even how to backtest a few of these strategies etc. worse case scenarios, like market corrections etc. biggest drawdowns etc. Anyways, Great Video. Thank You 😀