Option Rolling Strategy Is Free Money (How to ROLL Options for Beginners)

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  • Опубликовано: 15 ноя 2024

Комментарии • 147

  • @billymhz
    @billymhz Год назад +7

    ahha I've been loosing my cover calls and wound up buying them back for more money at a later date, you just showed me how to roll it without loosing it. Good job old chap

  • @vickysdancefitness8413
    @vickysdancefitness8413 Год назад +9

    Hi Henry, can you make a video about minimizing the lost or saving a losing Call or Pul Credit Spread? Thank you!

    • @stockindices2832
      @stockindices2832 Год назад +2

      You have to set risk management rules. Mine consist of cutting losses at 200% of the net credit received. That means you should only receive credit if you are willing to risk 200% of it if the trade goes against you.

  • @uhmwtfcam
    @uhmwtfcam 4 месяца назад +1

    Amazing video! Would it be better to average the option down by buying more contracts or should you just roll to a better strike price ? Or collect a credit ?!

  • @juniorthurman7940
    @juniorthurman7940 Год назад +2

    Man you've changed my options trading! Way more comfortable after watching & learning from you!

  • @SPYSpreads
    @SPYSpreads Год назад +9

    Wow second half of the video was a life saving content , very impressed ❤
    Can you do more videos on credit spreads maybe SPY?

  • @jaer5
    @jaer5 Год назад +2

    Great video! There are not enough videos on RUclips about rolling and giving visuals. I would just reiterate, that if you roll up you have to have the collateral in there to cover that additional amount. For people with accounts that are not as large that could be a deal-breaker on the roll.

  • @SF-vt3zr
    @SF-vt3zr Год назад +1

    How do you pick stocks to run the wheel? In particular for someone with a portfolio of only 10k?

  • @dennisliau1193
    @dennisliau1193 Год назад +1

    thanks Henry...i have been making a few rolls and have been quite successful...Appreciated.

  • @scottbess4200
    @scottbess4200 Год назад +5

    Got assigned on AMD a day early! Learned a lot from this video and was about to roll my strike of 119 after it sank to 110 on Friday morning but Thursday night I got assigned. Now I have to fight my way back up doing covered calls. How early should you roll when a stock tanks like this? Was hoping to avoid the big loss.

    • @XJSV12Fancier
      @XJSV12Fancier Год назад +2

      I’ve been assigned a day early too; now I roll my losing positions on the Thursday before expiry; you’re very unlikely to be assigned before this or the option holder is just giving away time value.

    • @NoSerfdom
      @NoSerfdom 10 месяцев назад

      Got assigned a whole week early on DVN put only a ~$1 ITM

  • @uncletan888
    @uncletan888 7 месяцев назад

    Love rolling. Thanks for sharing. Henry. Is it possible to do Rolling for other option strategy? Example Vertical Spread, Strangler etc. etc.

  • @bobbyshirilla2718
    @bobbyshirilla2718 Год назад

    I was having a problem with exits of the Butterflies trades and I used your exit strategy and it worked.
    Thanks a million

  • @Eireternal
    @Eireternal Год назад +2

    Hey Henry, why were you not early assigned when SPY got that low?

  • @ericchan7988
    @ericchan7988 18 дней назад

    When should be rollover the covercall,closers to expiration ?

  • @zmk666666
    @zmk666666 Год назад +1

    Can you do a video on rolling credit spreads, iron condors and butterflies when jn the money?

  • @ethansommer2882
    @ethansommer2882 5 месяцев назад +1

    That was really good. Can you do one where you roll half an iron condor using RH?

  • @KoteOkarun
    @KoteOkarun 4 месяца назад

    did your opinion change since u showed credit vs debit more recently? Thought idea was roll 30 out 5 up, get debit, pay small-fee, collect more of a premium for it.

  • @terifong9816
    @terifong9816 Месяц назад

    It’s a blessing! I had two put contracts will expire in the money today, then this video popped up after I watched half way , I rolled the contracts to later expiration dates, thank you again Henry!

  • @davidwright4271
    @davidwright4271 Год назад

    I sold the same covered call (TESLA) multiple times (1 week expiration) out of the money because I own the underlying stock. I also did not want to have the 100 shares taken, so I sold a deep out of the money CALL but recently TESLA has been very volatile, so each week I find myself in the money. Like I said, I did not want to have the 100 shares taken so I keep rolling out and up at a debit. This week I just decided to close the position and be done with it, so I took another debit loss to keep the shares. What I have learned is pick the stock because selling covered calls on a very volatile stock can actually get you to incur debits with excessive rolling. (I also sell to open uncovered puts and seem to do a little better on these). Thank you for your videos. You are an inspiration! Cheers!

  • @johnmercado3707
    @johnmercado3707 Год назад

    How can I roll a put credit spread or is it riskier? Thanks Mr. Henry .

  • @HHRS
    @HHRS 9 месяцев назад

    How about use of money interest? Do you have to set aside 2000X400= 800K to sell put position? If there is 10% interest on the $800K per year, the interest cost/optunity cost is $800KX10%/12= $6666 per month

  • @Videos1701D
    @Videos1701D Год назад

    Amazing detail. Great channel. 🥰 What would you say your avg return is vs. buy and hold? I traded NP and CC some years ago but due to various items I am not getting back into it.

  • @drivingbliss
    @drivingbliss Год назад +1

    Henry you truly have changed my life..thank you

  • @au81512
    @au81512 Год назад

    Hi Henry, thx so much for your video, a question, I sold some Tesla covered calls previously, the stock price recently go up so fast that I had roll till the max expiry and still that option strike price is not a share price that I’m willing to Let go of Tesla. Is there a way to salvage this ? Using leap perhaps ? I’m not sure. Hope you can shed some light on this and pls help. Thx Henry.

  • @offroadtrailrider77
    @offroadtrailrider77 7 месяцев назад

    if the option is expiring on a friday, how many days prior to expiration should you typically roll (if your ITM) - to maximize the credit premium?

  • @baharmast11
    @baharmast11 Год назад

    That's awesome, thank you did not know that. So if the broker don't have the rollover, you close the position and open it back up, is that correct? Will the Broker know I'm rolling it over also?

  • @whatwouldgdonowgvkpierce6879
    @whatwouldgdonowgvkpierce6879 Год назад +2

    Hi Henry can you tell what your boot camp includes and how much it is,thx Glenn 👍

  • @chrisulman4451
    @chrisulman4451 2 месяца назад

    Thank you, Henry! Clear,actionable and easy to understand.

  • @yolandamartinez7659
    @yolandamartinez7659 Год назад

    When do you know when to do the roll over

  • @alanjohndonohue
    @alanjohndonohue Год назад +1

    Super stuff rolling, Ive rolled out months to save money, so great reasurance rolling video. Keep up the good work, Uncle Henry....

  • @marsdam
    @marsdam Год назад

    hi henrry first thank you. second a couple of questions... o r suggestions. you platform is the opoosite as TDA for example to understand your rollings is the opossite movement so kind of make me think a lot why dont. yu use more pro pt¡latform like tasty or ib or td? , . second, you roll the loosing possitions what about your cost basis?? you dont care to loose money constanattly in realized gains ? how do you manage that? please make a video of that if possible
    thanks

  • @mrsoccergod5001
    @mrsoccergod5001 Год назад

    Can you roll call and put buy options or only covered call options

  • @TheMaestroWay
    @TheMaestroWay 4 месяца назад

    Can I roll a losing call option for later date in-the-money call option?

  • @myomy2009
    @myomy2009 4 месяца назад

    Would it help if I have a Call Option at $3.50 and stock is currently trading at $4.50 which I initially purchased at $2.33, to roll this up to realize some of the stock rise I will miss out on? Or just take the profit if stock is still above my Call price of 3.50 6/22, this Friday?

  • @aujlagurjit
    @aujlagurjit Год назад

    Hello, can you tell how to hedge with put options for long bear markets like 2022? Like buy puts with short term expiry and keep repeating or buy long term put option. Thanks

  • @johngagne1
    @johngagne1 7 месяцев назад

    This is the most important video I've seen from anyone about options. Would love to see more on the subject of managing trades. Thanks much Henry!

    • @robertruschak7083
      @robertruschak7083 2 месяца назад

      So he will roll forward and down on losing positions and gives time to make it profitable

  • @minigear2666
    @minigear2666 Месяц назад

    Hi Henry, my 39.5 covered call lost 2 dollars and 2 days expiry, any roll up stragegy to minimize lost? thanks

  • @handdle-h2o
    @handdle-h2o Год назад +1

    so if you were to have just taken the spy position as a result of the sold puts and turned around and sold cc on the position say ATM what would have been the outcome ? Really enjoy your videos and you seem to be doing well keep up the good work. This should be a mandatory high school course replacing phy ed which is useless

  • @haydenbarrow9603
    @haydenbarrow9603 6 дней назад

    hi can you make profit on a put for a 38 days even if price is above the entry of the put holding for two weeks in ?

  • @creandolibertadfinanciera1366
    @creandolibertadfinanciera1366 8 месяцев назад

    Hi Henry in the first example u still have a realized loss right ? For like 36 Dollars .. u open a now position for 48 .. so if expired worthless u will net 12 dollars right .. ? For taxes p/l
    I mean

    • @SuperDickweed
      @SuperDickweed 6 месяцев назад

      I'm glad I found your comment. I've been thinking about this. Platforms don't show the rolling net only the net of the market trade.
      When he bought the calls back at a higher price he incurred a $36 loss... giving back the initial premium plus $36 of his capital. To get his rolling net, you would have to subtract 36 from the net credit so he's actually down $20.
      If the call expires out of the money, he's lost $20. He would need to get assigned to collect the upside to his strike price and there's no garuntee that happens.
      Subtract the loss you take buy the option back from the net of selling new ones to determine your actual rolling net.

  • @billymhz
    @billymhz Год назад +4

    I've been following you for years, I don't know why I stopped, you are such a clever fella😁

    • @InvestwithHenry
      @InvestwithHenry  Год назад +1

      Thank you! :)

    • @billymhz
      @billymhz Год назад

      @@InvestwithHenry can't find you on what'sapp I don't usally use what'sapp

  • @Unbox-me
    @Unbox-me 11 месяцев назад

    Henry,
    Should I roll or leave it?
    I have 1 contract call option on NVDA at $260 expires 6/21/24, my cost based at $180, current price $480. Huge loss. Does it make sense to roll, Just don't know what to do?

    • @nkt3132
      @nkt3132 8 месяцев назад

      What you did.. can you please share your experience. What ever Henry suggested is it working?

  • @Dafeckleguy
    @Dafeckleguy Год назад +1

    Requested several times a video on margin put and rolling if it goes in the money or how to avoid margin call on uncovered puts.

  • @shahtx
    @shahtx 14 дней назад

    Nice video... I like the way you roll and protect the money... Keep making more videos on SPY....

  • @Tim-French
    @Tim-French 7 месяцев назад

    You are a great teacher, thank you, Henry!

  • @yolandamartinez7659
    @yolandamartinez7659 Год назад

    What about if it’s almost out of the money would you still roll over ..

  • @ajahijernigan4051
    @ajahijernigan4051 Год назад

    I know ur audience is for smaller accounts but could you do “rich” covered calls and cash secured puts etc

  • @glenrobinson2674
    @glenrobinson2674 7 месяцев назад

    ??. I have a call for ticker ccl I paid 127 for contract at a $17 dollar call that expires April 5. Im totally out of the money in the contract I do belong over the summer it will bounce back. So I want to roll it til sept 24 the cost for that is 38 dollars so my question is if I open the new position will I basically take a total lost on the the first position of 127 then will have to buy the second position for 38 so total I will be down a total of 165 to get out of that position and get in the new position??

  • @EvanEvansE3
    @EvanEvansE3 11 месяцев назад +1

    Even though you roll, which you get a small credit for and much needed time, you're still actually down or up the amount you are down or up on the account. You're just buying more time. It's kind of the same mentality as people who say that it's not a loss until you sell and realize the loss. You want to be sure you want to stay in. Because if the loss keeps getting worse and you're rolling and rolling, if you don't have enough money to ride that fall out for example a bear market for 2 years, you're going to bankrupt the trade.

    • @nkt3132
      @nkt3132 8 месяцев назад +2

      Exactly I was thinking the same.. when our trade is in loss and if we roll for next month and all you get very little credit but stock price shoots up and you have to roll one more month.. we are going to miss completely the bull run. Instead of that I sell few stocks from my current position to cover the losses.. and participate in the rally with my leftover stocks..

  • @royalsof
    @royalsof Год назад

    Are there any rolling short iron condors? I'm thinking not, but maybe individual legs?

    • @EvanEvansE3
      @EvanEvansE3 11 месяцев назад

      Yeah you start by rolling the most profitable vertical leg to then pay for rolling the less profitable or losing vertical leg. Ideally for a credit. Sometimes you can't do it for a credit and that's almost always a surefire sign that you're going to be better off closing the position. And don't forget to factor in contract costs/fees into your decision.

  • @dylanatakoussok5395
    @dylanatakoussok5395 Год назад

    How much does it cost for the boot camp

  • @Geor9e
    @Geor9e Год назад

    “Put @ 15.50” but the avg is actually lower since you collected the premium you collected on the cash secured put that you were exercised on. With the covered strangle it would be good if RH had a way to track actually avg price since it gets lowered on the premium collected on the sold calls and puts. Tasty trade is the only one I have seen do this with “options chains” feature. It’s just the RH has the best UI/UX and the zero fees compared to that platform.

  • @PeteCLeonard
    @PeteCLeonard Год назад +1

    How long did it take for you to get back to break even in both examples?

  • @entertainmentinternational1087
    @entertainmentinternational1087 9 месяцев назад

    I love rolling down same week by Wednesday if share price breaks support , sometimes if price passes my strike that friday a lil bit.. i dont let them assign.. i roll next week same strike itm from week b4 to following week and collect alot more premium

  • @CRpatriot
    @CRpatriot 12 дней назад

    Here learning while I grow capital thanks Henry ❤❤❤

  • @valleygreen8313
    @valleygreen8313 Год назад

    Good examples up front in the first half of the video, rolling is key!

  • @MarilynHorowitzAuthor
    @MarilynHorowitzAuthor Год назад +1

    Watching you validate what I’ve been up to! Thank you so much. PS I love Puts

  • @fuzoltan
    @fuzoltan 8 месяцев назад

    Great value, very very helpful. Thanks bro👍

  • @WilliamWareIII
    @WilliamWareIII 5 месяцев назад

    Thanks Henry

  • @baroniparson
    @baroniparson Год назад

    Thanks for sharing this strategy and illistrating the benefits of rolling. Getting that credit is essential!

  • @rickymcfall6034
    @rickymcfall6034 Год назад +1

    Bro Cuzz of u I make passive income ever day and I can quit my job in 2 years and I'm only 30

  • @Art65483
    @Art65483 Год назад

    Excellent video. Sharing this with my sons.

  • @nicholasboscaino6262
    @nicholasboscaino6262 Год назад +1

    What's really funny is I'm an American Airlines Mechanic watching this in Philly on my break in an American Airlines cockpit aware that the stock is spiking. Up, up, and away but not so fast so that you covered call guys don't get squeezed so fast! Thought you might enjoy that, one Philly boy to another.

    • @nicholasboscaino6262
      @nicholasboscaino6262 Год назад

      @Invest_with_Henry_ I apologize. I don't get that. What do those graphics mean?

  • @salvatorefrancescocarollo8261
    @salvatorefrancescocarollo8261 Год назад

    But what can someone who only can do long put/calls only ? can not do cash secured puts or calls

  • @halbouma6720
    @halbouma6720 Год назад

    Thanks for the video! I got back into options again a couple months ago and your videos have been helpful. I've been okay with leaving my covered calls in the money as its helps offer protection in case conditions change. I've been rolling them out as you explain here. I just make sure there's always enough premium on the option to help avoid early assignment - especially when its ex-dividend is coming up. For your spy put example, I've been doing the same thing to fix my IEP trade. I sold a couple puts a month ago at $35 strike when it dropped thinking it would bounce back, big mistake. lol. I rolled it out a month and collected premium when it dropped further. Then rolled it out and down to a July $25 strike when it dropped even further only to see it still drop to $20. But all these rolling outs did pay off and I'm finally back to being even on the position. As long as it continues to stay above $25, my goal is to try and collect as much of the time premium left ($2.20) and exit just before the $2 distribution is paid out next month. If that doesn't work, I'll probably roll it out and down again. Thanks again!

    • @private464
      @private464 Год назад

      Can you just explain how you are not down any money? If you had to buy it at 35, but the stock price was considerably lower, then even though you received a premium for selling the put, you would be down money. Then you sold another put at 30...and lost again. Then at 25...and lost again when it went to 20. Please help me understand, because I would really like to try selling puts...but I don't want to lose money. Thanks!

  • @mosheohava4117
    @mosheohava4117 Год назад

    Hi how do make it in ibkr??

  • @joaquinlopez5656
    @joaquinlopez5656 Год назад

    In the example of the 30k loss you would be still losing striking 10k right?

  • @jmj48
    @jmj48 Год назад

    Thank you, this video is awesome.

  • @semaj06
    @semaj06 Год назад

    I see videos where they roll at the very last minute before strike date. But I feel like its more important to roll before the CC goes in the money. Especially if you think its gonna run.

  • @Onlyextrinsic
    @Onlyextrinsic Год назад +1

    Hello Henry. How to join your discord?

    • @InvestwithHenry
      @InvestwithHenry  Год назад

      calendly.com/invest-with-henry/option-income-academy

  • @daviddoten-d6b
    @daviddoten-d6b 10 месяцев назад

    6 week bootcamp education link above not functioning

  • @stephenoutram3926
    @stephenoutram3926 Год назад

    Do you ever sell index spreads like iron condors? What is a good way to manage spreads when in the money?

    • @SPYSpreads
      @SPYSpreads Год назад +1

      1-2 weeks out 30 delta and close at 50% profit.

    • @taho339
      @taho339 Год назад

      He has videos on that

  • @rayBARInvest
    @rayBARInvest Год назад +1

    Been making videos too Henry! Thanks for the inspiration bro!

  • @raafathabib8350
    @raafathabib8350 Год назад

    12”

  • @albertodeulofeu5277
    @albertodeulofeu5277 5 месяцев назад

    PLEASE MAKE A VIDEO ON HOW TO ROLL A LOSING CREDIT SPREAD ON ROBINHOOD!! Please please

  • @damarptr
    @damarptr Год назад

    thanks for sharing 🙌

  • @dzulbakar1340
    @dzulbakar1340 Год назад +1

    Very useful for beginner option players to learn

  • @fabiGBOtown
    @fabiGBOtown Год назад

    I have never received a reply or even a like from you so if you don't want to engage, stop asking for comments, otherwise I like the content. 👌

  • @DaveHurwitz-sx5kt
    @DaveHurwitz-sx5kt 18 дней назад

    This is a fantastic video!!

  • @rubenjrarreguinlara7239
    @rubenjrarreguinlara7239 Год назад

    Why doesn't my robinhood give me the rolling option?

  • @peb3232
    @peb3232 Год назад

    Dear moderator, please let Uncle Henry know how much his efforts are appreciated. This video alone may have kept me in the options game, and out of of poor house.

  • @tonybrooklyn921
    @tonybrooklyn921 2 месяца назад

    Thanks

  • @InsaneGameCheats
    @InsaneGameCheats Год назад

    Why nobody is talking about early assignments when selling puts? Another risk you have to mention in your videos Henry.

    • @BrotherK-ex2co
      @BrotherK-ex2co Год назад

      Early assignment usually isn't that bad. A lot of times there is a time premium present, so if someone executes early assignment on you, they actually paid you.

  • @ericbandar944
    @ericbandar944 Год назад

    it's been a while but came back for a quick refresher. I hope all is well buddy

  • @jadecross2003
    @jadecross2003 Год назад

    Hey can anyone help with this?I’m a beginner who had a manual review on robinhood to get option trading level 3 so i could do credit spreads but the support guy asked me a scenario and asked the calculations. After freezing bc i had just answered the definition questions correctly i realized i hadn’t gotten to the calculation part of my studies yet and he had given me the chance to call and do it a few days later… or so he said. I scheduled for it to be yesterday and they had me wait all day just to tell me i cant reapply for level 3 for an entire year.

  • @JT-cs7vr
    @JT-cs7vr Год назад

    thanks for the great info!! love the info!!

  • @kbalch
    @kbalch Год назад

    OK, here's a generic question: when you refer to small, medium, and large portfolios, what are the divisions that you have in mind? Is it as simple as 5-figure, 6-figure, and 7-figure (or greater)? I currently have a ~$250K portfolio, but I'm relatively new to option trading. I'm enjoying the process of learning more every day (chiefly from your videos, so thanks for that!) and my early results have been encouraging.

  • @Dude-dq9wk
    @Dude-dq9wk 11 месяцев назад

    Great video

  • @sunnysgadgetreviews5886
    @sunnysgadgetreviews5886 Год назад

    Dang it. Lost 200k on tsla, amzn and amd calls last month.
    Didn't know how to roll them. Well I didn't have much left to roll all of them but probably could have saved some by rolling.
    But I had calls buy, not sell so not sure how rolling would have worked.

  • @viralgupta5630
    @viralgupta5630 Год назад

    You didn't talk about tax, if not being careful the wash sale will apply. So specifically if covered call position is closed at a loss there is no tax advantage but there is tax to paid for the next contract that was opened.

  • @joellim7010
    @joellim7010 11 месяцев назад

    how to join your discord community?

    • @InvestwithHenry
      @InvestwithHenry  11 месяцев назад

      calendly.com/henryjacob/henrycall-mastercourse

  • @chanman7815
    @chanman7815 9 месяцев назад

    Thanks...👍

  • @mikedealba8094
    @mikedealba8094 Год назад

    What is the discord

  • @michellewoo5662
    @michellewoo5662 Год назад

    Not all options are rollable. If the options are too deep in the money, there's no way to roll even to a very far out date.
    So how 😢

  • @jasonreviews
    @jasonreviews Год назад

    AAL looks like it's going to 17-21. Covered calls are bit hard to time. Its like betting the stock goes down so you have to figure out the tops.

  • @ksoonsoon
    @ksoonsoon Год назад

    Nice video

  • @enricosaccheggiani3192
    @enricosaccheggiani3192 Год назад

    I'm sorry but perhaps you are taking too much risk, I would never sell Tesla, I would go on some less risky action

  • @christiansongs9664
    @christiansongs9664 Год назад

    Great video 📹

  • @dstoicthinker
    @dstoicthinker Год назад

    Thank you, Uncle Henry for creating this video. I have been watching your videos again and getting focused on implementing your strategies. I plan to watch everything you have created so far and everything you will create in the future. You can also look for my comments and will suggest topics. So, you are making a difference to me. Thanks for all your effort, energy and teaching. I would like new videos on your 5X, 10X, 100X Christmas Tree strategy and the pros and cons of that strategy.

  • @TARANS012
    @TARANS012 3 месяца назад

    Rolling makes 0 sense it's essentially you sell what your holding and buy new one at later date . Then why not just simply sell manually and buy something next. Giving it roll name makes it sound like something so good and protect you

  • @FlimsTV
    @FlimsTV Год назад +1

    Big time video. Thank you