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Hello Charlie, thanks for all your time in putting these videos together, and I have always hit the Like button. Yes, I would like to see you do more walk throughs of your recent trades. Really helps me understand. Best regards.
I recently started looking into Covered calls and your channel content is super nice. Seems like to do these one needs extensive capital in hand (except for PMCC maybe). In your Roku example one would need capital to buy the 100shares + capital or margin to cover for the Covered Call - is this a correct interpretation?
Yes that is correct. You're right that the main disadvantage of these strategies is the large amount of capital required to use them. However, the nice thing about the naked call strategy is that I think it's relatively safe to use your available margin to cover the 100 shares, rather than keeping the free cash in your account. It's relatively unlikely that you'll purchase the 100 shares and even if you do, you'll be buying shares as they're rising. So most of the time, you'll get them called away from you as soon as the call expires.
I'm not quite sure yet, it just depends on what happens with their earnings report. But I would definitely like to continue selling covered calls on AAPL if everything looks good with earnings. So if the stock does rise, I'd probably either roll the call or just buy another 100 shares and open another covered call.
@@MoreMoneyLessProblems how liquid do you typically remain? I usually don’t keep any money uninvested so it would always become a matter of what to sell in order to buy
Yeah I think that would be a great trade! The problem is that Amazon is so expensive, even pmccs require a lot of capital. But if you can afford it, I think it's a great stock for it.
Generally, you can expect to achieve between 2-5% per month. So I would say you need about $20,000 to $50,000 in your account to generate $1000 consistently month over month.
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📈 GET UP TO 6 FREE STOCKS BY SIGNING UP FOR WEBULL USING MY REFERRAL LINK
a.webull.com/i/MoreMoneyLessProblems
(Stocks valued between $35 and $12,600. Promotion ends June 9, 2022)
Hello Charlie, thanks for all your time in putting these videos together, and I have always hit the Like button. Yes, I would like to see you do more walk throughs of your recent trades. Really helps me understand. Best regards.
Yes Charlie hearing about your thought process behind your trades is very beneficial, keep it up!
2:43 yes
I recently started looking into Covered calls and your channel content is super nice.
Seems like to do these one needs extensive capital in hand (except for PMCC maybe).
In your Roku example one would need capital to buy the 100shares + capital or margin to cover for the Covered Call - is this a correct interpretation?
Yes that is correct. You're right that the main disadvantage of these strategies is the large amount of capital required to use them. However, the nice thing about the naked call strategy is that I think it's relatively safe to use your available margin to cover the 100 shares, rather than keeping the free cash in your account. It's relatively unlikely that you'll purchase the 100 shares and even if you do, you'll be buying shares as they're rising. So most of the time, you'll get them called away from you as soon as the call expires.
Where are you from? trying to decipher his talk? north, south, west, east - USA? Great Videos!!!
Haha I'm from Michigan! I'm glad you enjoy the videos!
Awesome strategy you have but TSLA seems risky. 😅 i'm currently bought 200 shares of MO and selling 2 covered calls on MO.
Awesome!
Do you plan to roll your AAPL call if it surpasses your strike price or are you planning on getting out of that trade?
I'm not quite sure yet, it just depends on what happens with their earnings report. But I would definitely like to continue selling covered calls on AAPL if everything looks good with earnings. So if the stock does rise, I'd probably either roll the call or just buy another 100 shares and open another covered call.
@@MoreMoneyLessProblems how liquid do you typically remain? I usually don’t keep any money uninvested so it would always become a matter of what to sell in order to buy
Great Video! What broker Account are you using?
Thanks! I use TD Ameritrade, so the screenshots in this video are from their thinkorswim app
Charlie, How do you trade warrants. Thanks
Nice work
Hey man, curious on what you think about doing a pmcc on amazon stock? Seems like a pretty good return..
Yeah I think that would be a great trade! The problem is that Amazon is so expensive, even pmccs require a lot of capital. But if you can afford it, I think it's a great stock for it.
Thank you for the reply!! How much capital do you think i would need to profit $1000 month over month consistently using pmcc?
Generally, you can expect to achieve between 2-5% per month. So I would say you need about $20,000 to $50,000 in your account to generate $1000 consistently month over month.
@@MoreMoneyLessProblems thanks man! I'm thinking about getting in on your patreon, just saving up little by little
No problem! Yeah at the beginning, saving and building up your account with consistent deposits is the most important factor.
Good videos...did you quit yuotube?
👍👍👍