NDX, MNX, XND. In the drop down menu of TOS, Indices Tab we will only find the NDX. We have to manually enter then XND and MNX quotes. I know someone will find this helpful, in case you are like me and got confused at first. LOL
Hey Tony, I start trading options just about 2 yrs ago......I came across with the show Options Action and you definitely caught my attention. Thank you for everything you do to help us to understand this infinite game. You are a rock star, sir!
Well, I m currently trading options with a starting small account of $992 since 25 march this year and today has grown up to $1,548 in less than 3 months. I trade vertical call spread 85% and single call 15% of my portfolio. All I lose is the premium paid if the direction is not in my favour, of course I need to be very sure on direction before entering the trade. Or I can roll over the trade in case it is nearing expiry date. I nvr trade credit spread or sell single (call or put) options for worrying that I might be forced to buy the underlying stock or index (which is costly considering of my small account) in case I got the direction wrong and get assigned. Besides I believe my broker (TOS) wont allow such credit spreads or sell options due to small account and not having enough BP(buying power).
Curious, would you trade credit spreads if TD TOS would allow you to trade them? Or do you prefer Vertical Spreads? Sounds like they're working great for you. Tks
Thanks Tony for this video. My son just graduated from college and looking to get into options. The small trading account theme and limiting variables is perfect for him or anyone just starting out. Please keep great bite-size content like this coming.
Thanks Tony. I think your instructions are very good, and I watch you on OA Friday nights on CNBC. Something I continue to struggle with, especially with these complex multileg trades is the exit point. I got started with covered calls and have migrated to selling naked puts where I think the big money is. I do calls and puts on many positions but when I see these multi leg trades, I can't seem to find the exit point when I need to. I buy back puts as you and Mike K have instructed us to do when the premium is nearing max gain(90-100%), cc's I let run and maybe close, maybe let it get called away. Should I let the multileg trades go to the end, or pull out early when I've made some target %?
How many credit spreads can we open? We sell 1 or more credit spreads and wait to close it (at profit or loss) before starting a new trade? How much are we risking for trade in terms of account size?
I started doing options seriously with selling cash covered puts and covered calls (the wheel). I would love to do NDX credit spreads but I don't think Webull supports that. What brokerages allow trading options for NDX?
We are working with brokers to support these products. Talking to your brokerage firm and letting them know what you want to trade these products wouldn't hurt either!
Great video, thanks! I have 2 questions for you: What would you think, with a small account, about selling iron condors? That would make it a sequence of neutral positions, seems reasonable, isn't it? Crediit could come from both spreads composing the condor, while risk would be at either side, bun of course never on both simultaneously. Secondly, do you hold it til expiration, or exit for a 25%-50% of max gain in order to further increase win rate. Finally, with a small account, say 3K, how often would you place trades? Thanks in advance for your reply. Happy trades! :)
I started options trading with selling cash secured puts and covered calls, but stop to re-evaluate when a stock nose dived and I couldn't sell a covered call because I would lose big time if it gets called away. Is there a good strategy to recoup? I'll try your credit spread strategies and see how it goes.
I just started trading and I begin with long call options which is risky but... I'm still learning and want to know more. I just bought a call option on a option worth (0.69) which is $69..... I'm looking good so far I'm a learner and have a gambling back ground is this a wise choice??
Thank you for the video. I was not able to see a 45 day so I moved to the next which is 53 days. Would that be something you recommend or a shorter time line which was 39 days?
@@phillippodret3431 make sure your broker knows you want to do “speculative trading”. If you say (or select) conservative in the form they will limit you to level 1
Low open interest, volume and higher bid/ask spreads are a nature of a new product that is just listed. Remember this is an index option listed on the Nasdaq-100, which has about $100b traded each day on this index alone. Liquidity will likely never be a problem for retail traders with a product like this.
Hi Tony! Nice little nugget of video. 👍 With this strategy, do you manage the trade at 21 day? What are the risks of letting it run till expiration? And at what profit target do you start thinking you can go out of the trade?
You don't have to manage credit spreads at 21 days to expiration because there is no exercise and assignment risk. That is the beauty of trading index options, you eliminate that risk. You can take profits at 50%, but you can also let it go to expiration and try to collect the full 100% premium. The difference in returns over the long run between the 2 are very similar.
@@OptionsPlay of course! You explained that in your video about the new index. You’re right and I’m glad I asked. Thanks Tony for explaining again, you’re the best!
Brilliant content! I just started trading credit spreads on index options as well with a small account, however I would like to ask a key question, do you open / close your spreads using limit or market orders? Thanks!
Low open interest and volume is a nature of a new product that is just listed. Remember this is an index option listed on the Nasdaq-100, which has about $100b traded each day on this index alone. Liquidity will likely never be a problem for retail traders with a product like this.
The bid/ask spreads are high at the moment, are more traders use this product that will come back down. Yes, holding these to cash settlement is suitable. Low open interest, volume and higher bid/ask spreads are a nature of a new product that is just listed. Remember this is an index option listed on the Nasdaq-100, which has about $100b traded each day on this index alone. Liquidity will likely never be a problem for retail traders with a product like this.
Love your videos!!! Can you do a video on what are the best option strategies for a bear market? I do believe we are going into a bear market for July, I’m just not sure how to proceed with options trading. Thank you.
Great idea, but do we need to hold the credit trade on XND until expiration? The Open Interest on XND is very low. However, it is great on the neutral to slightly bullish market. Thanks.
Definitely don't have to hold until expiration. In his example, since he's selling to open the put credit spread, he can buy to close it at any point before expiration (offsetting trade). My most recent video is about how to close options if you want to check it out!
I’m presuming that you’re referring to XND index options when you refer to Nasdaq 100s. These are new products however, I have found being able to get filled within $0.01 or $0.02 away from the mid point of the option that I’m trading. Can you clarify for me what product you are trading and what your experience has been?
I like the idea of option trades on XND, I know it's newer so when I put a paper trade in it took awhile to get filled, did feel very liquid. Anyways great video and thanks for sharing.
Isn't selling a 5$ credit spread wiping off 300$ on 2.5K account if trade finishes in the money. So that is again 16% of the account value? What should be the spread size for small accounts like 2500$?
I think an appropriate spread is about $3-$4 wide for a $2,500 account. Additionally, you should set a stop loss on a trade so that you don't actually lose $300 on a $5 wide credit spread. Please watch my video in the description for the full credit spreads webinar.
Smaller, speculative stocks have endured a historically weak stretch. Investors are betting that a turnaround is finally in the works. I’ve lost about $320k within a few months, how do i take advantage of the market turnaround?
There are many interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell stocks.
@@MarcelPhilips Having an investment adviser is the best way to go about the stock market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly and I made over $800K within a short time
@@MarcelPhilips renowned for her proficiency and expertise in the financial market, *KRISTIN GAIL CUNNINGHAM* my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
![Megan Thee Stallion - Roc Steady (feat. Flo Milli) [Official Video]](http://i.ytimg.com/vi/HozPPyqW0dY/mqdefault.jpg)
I subscribe to Tony’s service. It’s worth the money and then some. Excellent teacher and great strategic mind.
No I don’t get paid to say that or work for him.
Good to know. 👍
Thank you!
I honestly don't understand why your videos get dislikes. You're THE most professional and skilled trader out there. Hands down!
Agreed, straight to the point, no fluff.
Glad you think so!
This exactly the route I took when learning options. Credit spreads against indexes are perfect, thanks for this!!
Glad it was helpful!
NDX, MNX, XND. In the drop down menu of TOS, Indices Tab we will only find the NDX. We have to manually enter then XND and MNX quotes. I know someone will find this helpful, in case you are like me and got confused at first. LOL
Hey Tony, I start trading options just about 2 yrs ago......I came across with the show Options Action and you definitely caught my attention. Thank you for everything you do to help us to understand this infinite game. You are a rock star, sir!
Thank you so much for letting me know! Glad you found us!
@@OptionsPlay You bet! Thank you,
Thank you, i am experienced in options but finally an explanation of how indexes work (cash, not assignment)
Thank you for watching
Your option tutorials are the most clear and comprehensive I have seen. Thank you for putting together great content!
You are welcome!
Well, I m currently trading options with a starting small account of $992 since 25 march this year and today has grown up to $1,548 in less than 3 months. I trade vertical call spread 85% and single call 15% of my portfolio. All I lose is the premium paid if the direction is not in my favour, of course I need to be very sure on direction before entering the trade. Or I can roll over the trade in case it is nearing expiry date. I nvr trade credit spread or sell single (call or put) options for worrying that I might be forced to buy the underlying stock or index (which is costly considering of my small account) in case I got the direction wrong and get assigned. Besides I believe my broker (TOS) wont allow such credit spreads or sell options due to small account and not having enough BP(buying power).
Curious, would you trade credit spreads if TD TOS would allow you to trade them? Or do you prefer Vertical Spreads? Sounds like they're working great for you. Tks
Just found your channel but learned so much already. Thanks a bunch.
Tony, do you have any liquidity optionable indexes ticker list that you can share with? Thank you very much!
Thanks Tony for this video. My son just graduated from college and looking to get into options. The small trading account theme and limiting variables is perfect for him or anyone just starting out. Please keep great bite-size content like this coming.
Thanks, will do!
@Pinned by OptionsPlay is this WhatsApp spam or did you, Tony, want to connect and chat?
@@thetse Don't fall for it...it's a bunch of scammers trying to fool you into sending them money.
Thanks Tony. I think your instructions are very good, and I watch you on OA Friday nights on CNBC. Something I continue to struggle with, especially with these complex multileg trades is the exit point. I got started with covered calls and have migrated to selling naked puts where I think the big money is. I do calls and puts on many positions but when I see these multi leg trades, I can't seem to find the exit point when I need to. I buy back puts as you and Mike K have instructed us to do when the premium is nearing max gain(90-100%), cc's I let run and maybe close, maybe let it get called away. Should I let the multileg trades go to the end, or pull out early when I've made some target %?
I'm new to trading. This is genius way of learning. I'm sure I'll be listening to all your ideas
Glad you think so!
The best content on the web about options trading. Thank you
Glad you think so!
How many credit spreads can we open? We sell 1 or more credit spreads and wait to close it (at profit or loss) before starting a new trade? How much are we risking for trade in terms of account size?
Absolutely love the strategy! Thank you Tony for all your detailed explanations!
Glad you like it!
Thanks Tony. Why no volume in TD for XND and no open interest also in OPTIONS. can you please help me to understand
I agree in principle with your strategy. However, the spread between the bid and ask on XND options is ridiculous. Is there a better index to use?
I'm learning and this helped.
What path did you take to learn options?
Thanks,
Where do you recommend to trade options
im curious selling credit spreads how much annual return are you seeing?
Wow you are a blessing! Thanks for sharing your knowledge with us.
My pleasure!
You earned a new subscriber. No doubt your channel will get 1M subscribers next year.
Thank you so much, Andy! I really appreciate it.
I started doing options seriously with selling cash covered puts and covered calls (the wheel). I would love to do NDX credit spreads but I don't think Webull supports that. What brokerages allow trading options for NDX?
We are working with brokers to support these products. Talking to your brokerage firm and letting them know what you want to trade these products wouldn't hurt either!
I would think TD Ameritrade platform should support.
So I am assuming I would need futures privileges to trade the XND?
Is credit safer then put debit spreads??
Very informative and instructive and encouraging, thank you!
Thank you for watching, glad this helped!
Great video, thanks! I have 2 questions for you:
What would you think, with a small account, about selling iron condors? That would make it a sequence of neutral positions, seems reasonable, isn't it? Crediit could come from both spreads composing the condor, while risk would be at either side, bun of course never on both simultaneously.
Secondly, do you hold it til expiration, or exit for a 25%-50% of max gain in order to further increase win rate. Finally, with a small account, say 3K, how often would you place trades? Thanks in advance for your reply. Happy trades! :)
Too bad Tony never replied to you. I'm using the strategy you explained in your comment.
I started options trading with selling cash secured puts and covered calls, but stop to re-evaluate when a stock nose dived and I couldn't sell a covered call because I would lose big time if it gets called away. Is there a good strategy to recoup? I'll try your credit spread strategies and see how it goes.
but is it wise to do a bullish strategy on a resistance level? wouldn't be better to do it when for example xnd is at 130? Great video by the way!
Excellent Work Tony, as always!
I appreciate that
I just started trading and I begin with long call options which is risky but... I'm still learning and want to know more. I just bought a call option on a option worth (0.69) which is $69..... I'm looking good so far I'm a learner and have a gambling back ground is this a wise choice??
Thank you for the video. I was not able to see a 45 day so I moved to the next which is 53 days. Would that be something you recommend or a shorter time line which was 39 days?
I would think covered call strategy is the safest. But this video is something to think about credit spreads on micro NASDAQ 100 index. Interesting 🤨
Hi, Thank you, i'ts OK to trade with IV low for credit?
Very easy to understand..
Great!
Thank you 🙏
Thanks for watching!
How do you close out this vertical spread?
You mentioned in the video that you would put some links to brokerage firms in the summary down below. I don't see the links in the description above.
I also haven’t been able to get level 3 access to do any of the plays prescribed by @tony_Zhang. Information much appreciated. Thanks in advance.
@@phillippodret3431 make sure your broker knows you want to do “speculative trading”. If you say (or select) conservative in the form they will limit you to level 1
@@bryanw4582 thank you. I’ll call my broker soon. I appreciate the advice Bryan!
Mike, thanks for catching that. We just updated the description.
@@iOnlySpeakTruth420 thanks for the great info you guys.
the bid ask spreads seem high - do you recommend holding to cash settlement?
Low open interest, volume and higher bid/ask spreads are a nature of a new product that is just listed. Remember this is an index option listed on the Nasdaq-100, which has about $100b traded each day on this index alone. Liquidity will likely never be a problem for retail traders with a product like this.
Hi Tony! Nice little nugget of video. 👍
With this strategy, do you manage the trade at 21 day? What are the risks of letting it run till expiration?
And at what profit target do you start thinking you can go out of the trade?
I'd like to see an answer for this too, Tony.
You don't have to manage credit spreads at 21 days to expiration because there is no exercise and assignment risk. That is the beauty of trading index options, you eliminate that risk. You can take profits at 50%, but you can also let it go to expiration and try to collect the full 100% premium. The difference in returns over the long run between the 2 are very similar.
@@OptionsPlay of course! You explained that in your video about the new index. You’re right and I’m glad I asked. Thanks Tony for explaining again, you’re the best!
I learn so much from you
Thank you!
Fantastic job thanks
Glad you liked it!
Thanks Tony, do you think this strategy can be apply for trading option in BTC and ETH in platforms like Deribit?, thanks again for your great job!.
Good content for small account. Tony is $XND the only index option out there?
I was also looking at XSP
@@michaelm.wiseman282 Thanks brother. Appriciate it.
And what if you have a really small account? Like 500 bucks? Credit spreads still the thing?
Brilliant content! I just started trading credit spreads on index options as well with a small account, however I would like to ask a key question, do you open / close your spreads using limit or market orders? Thanks!
I would typically use limit orders to close a position.
@@OptionsPlay thanks for your reply! Would you also open a credit spread trade with a limit order as well?
Hi Tony, thanks for awesome video, please let me know where can I find option chain for XND.
Very informativ video. Thank you. 👍🏿
My pleasure!
@@OptionsPlay Tony, i can't find the credit spread strategy in optionsplay nordic. How come, got another name?
Thank you Tony! With the XND index, is there enough open interest/volume?
Low open interest and volume is a nature of a new product that is just listed. Remember this is an index option listed on the Nasdaq-100, which has about $100b traded each day on this index alone. Liquidity will likely never be a problem for retail traders with a product like this.
XND does not seem liquid to me. The number of open interests at any strike price hovers around single digit.
The bid/ask spreads are high at the moment, are more traders use this product that will come back down. Yes, holding these to cash settlement is suitable. Low open interest, volume and higher bid/ask spreads are a nature of a new product that is just listed. Remember this is an index option listed on the Nasdaq-100, which has about $100b traded each day on this index alone. Liquidity will likely never be a problem for retail traders with a product like this.
You are the best
Thanks!
When it comes to options, there are literally HHHhundreds of strategies that you can choose from.
Love your videos!!! Can you do a video on what are the best option strategies for a bear market? I do believe we are going into a bear market for July, I’m just not sure how to proceed with options trading. Thank you.
Great idea, but do we need to hold the credit trade on XND until expiration? The Open Interest on XND is very low.
However, it is great on the neutral to slightly bullish market. Thanks.
Definitely don't have to hold until expiration. In his example, since he's selling to open the put credit spread, he can buy to close it at any point before expiration (offsetting trade). My most recent video is about how to close options if you want to check it out!
Why are Nasdaq 100s hard to get filled?
I’m presuming that you’re referring to XND index options when you refer to Nasdaq 100s. These are new products however, I have found being able to get filled within $0.01 or $0.02 away from the mid point of the option that I’m trading. Can you clarify for me what product you are trading and what your experience has been?
I have a miniscule account. Options are the hedge. Far, out-of-the-money call and put options are my insurance.
Tony, are you planning to make a video divulging your skincare regimen? Your complexion is radiant!
Okay 👍🏿
Awesome man, great info, keep it up
Thanks! Will do!
I like the idea of option trades on XND, I know it's newer so when I put a paper trade in it took awhile to get filled, did feel very liquid. Anyways great video and thanks for sharing.
Thanks for sharing! I suggest when you're ready, start with 1 contract and get a feel before adding more contracts.
Isn't selling a 5$ credit spread wiping off 300$ on 2.5K account if trade finishes in the money. So that is again 16% of the account value?
What should be the spread size for small accounts like 2500$?
I think an appropriate spread is about $3-$4 wide for a $2,500 account. Additionally, you should set a stop loss on a trade so that you don't actually lose $300 on a $5 wide credit spread. Please watch my video in the description for the full credit spreads webinar.
Just what I was looking for. Now I just have to figure out if the market is bearish or bullish.
Market neutral strategy doesn't exist, how many of you think you can predict where the market will go after you place the trade?
Good morning I have one of this coin Elizabeth 2 .2001. 2 pounds I want to sell it please let me know how I can do it
You're either really young and a genius, or really old and found a way to stop aging.
Thanks for the info! High-Quality Ed
Two years later and XND is at the same price, LOL.
Smaller, speculative stocks have endured a historically weak stretch. Investors are betting that a turnaround is finally in the works. I’ve lost about $320k within a few months, how do i take advantage of the market turnaround?
There are many interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell stocks.
@@MarcelPhilips Having an investment adviser is the best way to go about the stock market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly and I made over $800K within a short time
@@harrisonjamie794 That's impressive! I could really use the expertise of these advisors. how can I get to your advisor?
@@MarcelPhilips renowned for her proficiency and expertise in the financial market, *KRISTIN GAIL CUNNINGHAM* my financial advisor, holds a broad understanding of portfolio diversification and is recognized as an authority in this domain.
@@harrisonjamie794 I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds