Hi Henry, been rolling options for quite a while. Great tutorial! How about a video on how to manage things if you are early assigned and how to best avoid that?
How do you weight holding capital in this position for a while if the market stays down for a while vs just getting out and finding an amazing opportunity else where? When would not want to roll over? I assume there are some cases where it's better to take the loss and move on?
Hi Henry, I confused bcoz when I roll down my short put position to the next following month most of the time it gives a net debit (?). When the market is down, isn't not roll up instead?
In a bear market wouldn't it be a wise idea to create a spread and also buying a put to give you downside protection? It will cut into your premium but it removes the possibility of your option going horribly wrong if the stock crashed.
Henry, I am personally well aware of this strategy but there were times I got screwed by getting the shares assigned prior to expiration. For example, I sold $35P of $HOOD few months back, then it started tanking. I rolled a few times but eventually got the shares assigned and here I am sitting on shares 70-80% down. What do you recommend here?
Hi!! your explaination are very clear, I’m doing this for a long time but when the stocks has crashed you can’t roll out for a credit. For example, I’m stuck with put on NVDA 245, PYPL 130 and PLTR 15. I rolled for 3 months but now I can’t move down the strike. Any suggestion for that?
Imo you’d need to roll sooner, like when the strike price first becomes itm. It sucks and may seem like a panic trade but it’s the best way to avoid losing money although conservative
I always roll for a credit if I can, I sell a week out and keep up on news and sentiment. A week out so when I roll I don’t have to go 1+ month out. It’s easier to keep rolling for a credit that way.
Hi, Henry, thanks for all the useful tips and great videos! I have an important question on rolling options. If you roll once, you get to cover the minus in your first option, however, when you have to roll a second time you are automatically going on minus since you only get one premium and two negative closed out positions. In your example, you had a -$32,680 from the $408 put that you closed and bought the $397 for a premium of $31,680. Overall loss only -1K, but if you had to roll the position again, you would have -$32,680 -$31,680 + 30K (from the $390 put on Aug 12 for example). That sums up to approx -34K. The money saved up from the collateral is money that you don't pay but not actually gained on top. Am I wrong or simply don't understand the concept? Looking forward to your answer! Thank you!!
I think he mentions around 11:15 that the goal/hope is eventually as you keep rolling the stock ends up where the option won't be exercised and thus you keep that final premium with no further rolls needed. Of course as you intuit, it's possible for the losses to be so large you can't offset it with a roll. That why he suggests sticking with good companies or SPY, the hope being giant negative moves won't happen in short time frames.
It's kind of a form of Martingale Strategy to keep rolling like that in hopes that eventually you'll get the price reversion in the underlying to payout the credit. I'm not sure how many times you can do that to save your ass before you obliterate your account. 🤷♂️ I don't know the answer to that.
I started paper trading made good money so did the real thing and holy shit did it not translate over I seem to find the worst entry point so it seems I’m always on the wrong side of the chart I got 10.50 nio calls expiring Friday and idk if I should roll out hem over and down or just over or just take the loss idk I thought I had it figured out but I’m just losing money
Been buying puts for the past 3 weeks. Still getting fucked. Today FKN killed me! Do I keep rolling or just quit the losing? Puts on $T $UBER $KR and $AAPL Been trying my best with options since the Covid crash. First month was up 1.7k now I’m red 3k. Seems like whenever I buy a call it dies. Whenever I buy a put nothing but green. If anyone wants to make money off me I’ll tell you what my positions are, do the opposite and you’ll make 200 a day 😎
He sells a $408 put dated for a 6/10 expiration, and then he buys a $408 put dated for 6/10 to get himself out of the losing position prior to making the video. On screen you only see the $408 closed out buy put that he buys (bought back) and not the one that he sells dated 6/10 (sold) as he closed and rolled into his new position 7/15 prior to making the video. The first position was a sell put of $408 dated for 6/10 off camera but no longer visible because it was replaced by the $397 position 7/15.
15 minutes wasted and still don't know how to roll. First he says you can roll down until you win then he says you can roll down to lose less. Which is it? Are you losing money when you roll down? Are you actually saving the trade or are you still losing????
I see why you’d be confused. He rolled out in time which would increase premium but rolled down which would decrease premium. The roll down was enough to make him roll for a debit.
![How to ROLL OVER PUT OPTIONS (for a Living) [How to ROLL a DEEP IN THE MONEY PUT OPTION]](/img/1.gif)
I always roll for a net credit. Even if i have to go further out in time.
You just saved my portfolio brother!!! Thank you!!! 🙏🏾
Hi Henry, been rolling options for quite a while. Great tutorial! How about a video on how to manage things if you are early assigned and how to best avoid that?
would love a video on early assignment for put credit spread or something like that
At what condition, rolling out option will failed. And what is the worse situation?
Can you explain what you set for the Bollinger bands and moving average in yahoo finance when you add the indicators in
How do you weight holding capital in this position for a while if the market stays down for a while vs just getting out and finding an amazing opportunity else where? When would not want to roll over? I assume there are some cases where it's better to take the loss and move on?
Hi Henry, I confused bcoz when I roll down my short put position to the next following month most of the time it gives a net debit (?). When the market is down, isn't not roll up instead?
How the tax works with rolling options ? Please reply
In a bear market wouldn't it be a wise idea to create a spread and also buying a put to give you downside protection? It will cut into your premium but it removes the possibility of your option going horribly wrong if the stock crashed.
Henry, I am personally well aware of this strategy but there were times I got screwed by getting the shares assigned prior to expiration. For example, I sold $35P of $HOOD few months back, then it started tanking. I rolled a few times but eventually got the shares assigned and here I am sitting on shares 70-80% down. What do you recommend here?
Wheel strategy
How about selling calls in the money ?
When deep in the money (loose is so big) , rolling down doesn’t get option premium, may be is better to get assigned and then sell call or put.
How can I join the discord?
Can you demo this on long calls and puts and comment on this for folks who do not use margin or spreads
Hi!!
your explaination are very clear, I’m doing this for a long time but when the stocks has crashed you can’t roll out for a credit.
For example, I’m stuck with put on NVDA 245, PYPL 130 and PLTR 15. I rolled for 3 months but now I can’t move down the strike.
Any suggestion for that?
Imo you’d need to roll sooner, like when the strike price first becomes itm. It sucks and may seem like a panic trade but it’s the best way to avoid losing money although conservative
Love your videos, appreciate the work you put into them!
I always roll for a credit if I can, I sell a week out and keep up on news and sentiment. A week out so when I roll I don’t have to go 1+ month out. It’s easier to keep rolling for a credit that way.
5:15 roll down and out 6:30
Hey Henry thanks for the video! I learned a thing or two! Thanks! Great Job!
Glad it was helpful!
Doesn't work on bad stocks so don't roll stuff if you dont have faith in the company
🙏 Would love to learn rolling options. I think the platform used is also important. Robinhood looks straightforward.
Great topic 👍
Hi, Henry, thanks for all the useful tips and great videos! I have an important question on rolling options. If you roll once, you get to cover the minus in your first option, however, when you have to roll a second time you are automatically going on minus since you only get one premium and two negative closed out positions. In your example, you had a -$32,680 from the $408 put that you closed and bought the $397 for a premium of $31,680. Overall loss only -1K, but if you had to roll the position again, you would have -$32,680 -$31,680 + 30K (from the $390 put on Aug 12 for example). That sums up to approx -34K. The money saved up from the collateral is money that you don't pay but not actually gained on top. Am I wrong or simply don't understand the concept? Looking forward to your answer! Thank you!!
I think he mentions around 11:15 that the goal/hope is eventually as you keep rolling the stock ends up where the option won't be exercised and thus you keep that final premium with no further rolls needed. Of course as you intuit, it's possible for the losses to be so large you can't offset it with a roll. That why he suggests sticking with good companies or SPY, the hope being giant negative moves won't happen in short time frames.
Rolling is like dca without buying more
OMG ... i just understand how rolling works ... and it's great & huge .... OMG
It's kind of a form of Martingale Strategy to keep rolling like that in hopes that eventually you'll get the price reversion in the underlying to payout the credit. I'm not sure how many times you can do that to save your ass before you obliterate your account. 🤷♂️ I don't know the answer to that.
I started paper trading made good money so did the real thing and holy shit did it not translate over I seem to find the worst entry point so it seems I’m always on the wrong side of the chart I got 10.50 nio calls expiring Friday and idk if I should roll out hem over and down or just over or just take the loss idk I thought I had it figured out but I’m just losing money
Great help
Thank you homie 😅
or roll it farther and get paid to roll, but depends on what you want to do.
This guy is all over the place he talked about his account for 80% of the video. Rolling is a small part of the video.
amazing video
Rolling doesn't really work if the stock crashes except if you roll it out for several months or years.
Henry, you need to get these scammers under control. There are scripts you can run to auto delete this trash.
Too confusing for most.
R u Mad, you do know they will charge you big interest on margin, and they can force you to sell at a loss.
Or just liquidate
Been buying puts for the past 3 weeks. Still getting fucked. Today FKN killed me! Do I keep rolling or just quit the losing?
Puts on $T $UBER $KR and $AAPL
Been trying my best with options since the Covid crash. First month was up 1.7k now I’m red 3k. Seems like whenever I buy a call it dies. Whenever I buy a put nothing but green.
If anyone wants to make money off me I’ll tell you what my positions are, do the opposite and you’ll make 200 a day 😎
Also why does everyone tell me to stop trading on Robinhood? I like their UI and haven’t ever been screwed over by them collecting on win days.
This was the most complicated video on rolling options I've seen. You convoluted it way too much
you talk too fast man, its hard to understand anything
Dude you lost me here:
Was the first option a buy or sell Put?
He sells a $408 put dated for a 6/10 expiration, and then he buys a $408 put dated for 6/10 to get himself out of the losing position prior to making the video. On screen you only see the $408 closed out buy put that he buys (bought back) and not the one that he sells dated 6/10 (sold) as he closed and rolled into his new position 7/15 prior to making the video. The first position was a sell put of $408 dated for 6/10 off camera but no longer visible because it was replaced by the $397 position 7/15.
What a load of bull.
seriously. this is utter horsesh*t.
@@jacobigregory keep losing money then
You talk too much 😒
You have to learn how to go slower in your talking and editing. It is to hard follow you, and make sense of what you are saying. It is very unnatural.
Thanks for the tip
absolutely agree
Bro u talk to much. Simplify things and stop rambling
15 minutes wasted and still don't know how to roll. First he says you can roll down until you win then he says you can roll down to lose less. Which is it? Are you losing money when you roll down? Are you actually saving the trade or are you still losing????
If you are not in the pool u ain’t gonna know how to swim
I see why you’d be confused. He rolled out in time which would increase premium but rolled down which would decrease premium. The roll down was enough to make him roll for a debit.