What are the BEST TECHNICAL INDICATORS for Options Trading 💰 Technical Analysis for Options Trading
HTML-код
- Опубликовано: 9 июн 2024
- What are the Best Technical Indicators for Options Trading 💰 Technical Analysis for Options Trading -- 💰 Join my Patreon to get access to all my Live Trade Alerts, Open Orders and Weekly Top 5 Stocks: / mylifeoflearning
💯 My Options Trading Course: mylifeoflearning-randy.mykaja...
👉 Get Seeking Alpha's Premium plan at just $167 for the entire year + a FREE 7-day trial with my exclusive discounted affiliate link: www.sahg6dtr.com/B37MNP/R74QP/
🔔 Subscribe to this channel for Free stock and option trading Tips: ruclips.net/user/MyLifeofLea...
📕 Get a copy of my My Option Trading eBook "New Beginnings: The Option Trading Story" www.patreon.com/mylifeoflearn... 📕
📈 Purchase My Spreadsheets (as seen in my videos): etsy.me/3HHq5ge
⏰Chapters ⏰
0:00 Intro
0:47 Technical indicator moving averages
1:57 How to use moving averages (actual Visa put option trade) to pocket cash
4:11 Moving average put option trade in AMGN
5:22 Technical indicator volume for AMGN put option trade #2
7:46 Technical indicator multiple time frames for AMGN put option trade
📕 Get a copy of my eBook "New Beginnings: The Option Trading Story" www.patreon.com/mylifeoflearn... 📕
🔴 Watch Next: How to Trade Using TECHNICAL ANALYSIS (for Selling PUT and CALL OPTIONS & Dividend Stock TRADING) video: • 4 Simple Technical Ana...
🔴 Option Trading Monthly Cash Flow Playlist: • Option Trading Monthly...
🔴 TRADE OPTIONS like a PRO Playlist: • Trade Options Like a Pro
✅ Find me on social media✅
Website: mylifeoflearning.com/index.html
Today in a simple, clear way, I’m going to share with you the indicators I use every day to put the odds of winning my stock and option trades drastically in my favor! By the end of this video, you will know and understand 3 simple indicators you can use to consistently put cash into your pocket every single month!
Over the many years I’ve been trading stocks and options I’ve tried almost every indicator available to traders. Today you get the best of the best in my opinion!
The first indicator is also my favorite and it’s moving averages. Let me show you why moving averages are such a powerful tool for us stock and option traders! Here’s an example that. This trade produced a 53.6% annualized non-leveraged cash on cash return!
By combining these simple indicators, moving averages, volume and then looking at multiple time frames, you will put the odds of winning your stock and option trades drastically in your favor!
#howtoinvesttowin #optiontradesthistoday
Happy investing!
Randy Perez
COPYRIGHT: All My Life of Learning's videos, Excel files, guides, and other content are (c) Copyright My Life of Learning.
Disclaimer: I am not a financial planner and am not offering investment advice. This is an opinion channel only and should not be taken as any form of financial advice. The ideas and strategies that I discuss should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. There are financial risks involved in taking on any monetary transaction that I discuss in my videos. I may receive a small commission from the purchase of any item from using the links listed above.
![How to ROLL OVER PUT OPTIONS (for a Living) [How to ROLL a DEEP IN THE MONEY PUT OPTION]](http://i.ytimg.com/vi/8bhzg6eZFhQ/mqdefault.jpg)
►► AVAILABLE NOW! Limited to the FIRST 100 people, get my brand new online Option Trading course (Intermediate option trading) for $497. Regular price is $997. Here is the link to check it out: mylifeoflearning-randy.mykajabi.com/offers/EgeavtWJ
Join my Patreon to get access to my all my Stock & Option Trades, Open Orders and Weekly Top 5 Stocks: www.patreon.com/mylifeoflearning
Subscribe to this Channel: ruclips.net/channel/UCeUPN22CHOgoDTZ4QfOjxHw
New Beginnings: The Option Trading Story amzn.to/2OgXx58
Facebook: facebook.com/jamiston.queens.5
Website: mylifeoflearning.com/index.html
how many years it will take for taking a 10k account to a million.just need to know ur honest view
I am working on that exact video now. It’s coming out in the next few weeks.
Great stuff! Been watching a bunch of your videos.
Thank you so much for that and for your support! It really means a lot. 😊
Very good information ❤
Great video Im going to look at this for when I trade
Hey Omar thank you for your comment and support!
Thank you
awesome information!
Thank you 😊
Awesome content as usual Randy!! I have one question and maybe a potential video for you, it seems like you like to go out 30ish days to sell your puts, I find 30ish days to be my sweet spot as well, would you ever consider other time frames?
Hey Lee thank you for your question and support. I always appreciate the support you provide. I do consider longer time frames especially when I'm trying to roll short options up or down. For example I'm in the process right now trying to roll a short call in my CME covered call position up by $10. In order to make that happen, I have a limit order sitting out there to roll the March 180 strike call option up and out to the June 190 strike call option.
The other instances where I trade longer than 30 day time frames is when I'm buying LEAP options and also if the 60 or 90 day option produces a higher yield.
This was fantastic video
Thank you!
Hi randy I don’t quite understand how to use volume for technical analysis, mind explaining how would that help in making trade decisions in bearish or bullish trades thanks
Hey Jian please check out this video: ruclips.net/video/AC62LCzApJg/видео.html At the 3:04 mark I talk about volume.
Great video Randy! One question that would be great to have a video on (for me at least): What spreadsheets or tools do you use, to keep track of all your trades, current positions and/or potential positions?
Hey Darin thank you for your question and support! I really appreciate it.
I do use an excel spreadsheet to keep track of my P&L on each position as well as its trades. As far as my current positions, I keep track of those by reviewing the current portfolio tab in Interactive Brokers and ETrade.
As far as my potential positions, on my Patreon, I have a list of My Top 5 Stocks for that week (which actually ends up being my top 30-50) ranked in order by which ones are, in my opinion, in the best position to either sell a put option on or buy outright. That list includes the ones that I do not think are in a prime position to do a trade on yet, but I'm watching them because they have the potential to become prime candidates to sell put options in or buy outright. I actually just finished updating that Top 5 list for myself and my Patrons (www.patreon.com/mylifeoflearning). I update that list every weekend. Generally I already have a full position on in the top 3 to 5 of that list, so usually I end up trading positions further down in the list as the next week progresses. In my main option trading account I typically have on around 40 positions.
Does that answer your questions?
@@StockandOptionMyLifeOfLearning Wow yes that does answer my questions, thank you!
I think your content is really high quality and I like it a lot! One question: I also read the book from Samir Elias that you recommend and found it very helpful. However, you don´t use the 10 day MA, the 20 and 30 EMA, nor the Chaikin Money Flow index. Did you try it and it didn´t work that good like the indicators you use? I was thinking that the indicators in the book work perhaps better for more volatile stocks or that the 50 and 200 MA are generally more known and accepted and maybe work better because of this, but I am not sure and would like to hear your opinion on it.
Hey Alexander thank you for your question and support! When I first read that book I did play around with the 10, 20 and 30 MA. I have also used Chaikin money flow. It just honestly felt like too much information. And me, it produced analysis paralysis.
I like fairly simple, clear input, and it felt like the 10, 20 and 30 MAs produced information overload and continually suggested changes, especially the 10 & 20 MA. There have been times in my trading career where I was reviewing 10 or 20 different indicators. After reviewing 10 different stocks using those indicators, I felt so overwhelmed that it was difficult to make a clear, crisp and well thought out decision. I just really felt confused about what was the highest probability trade I could do.
The ones I mention in this video are my go to's after trading for a long time. Some of the other ones may work well for other people, but I have found that the ones I share in this video are simple, clear and provide ongoing benefit when I use them.
@@StockandOptionMyLifeOfLearning Thank you very much for your detailled answer! I totally agree and will implement your suggestions to my traiding. For me, a simple and also effective strategy has been to combine support/resistance with Bollinger Bands in high quality stocks to have an idea where the stocks are likely NOT to go. After all, different approaches can give you similar information but we should keep it as simple as possible.
Thank you for sharing the trading indicators you like to use. I like what you said about keeping it as simple as possible. Sometimes we can make things so complicated it's hard to make a good decision. Thanks for sharing!
Hi Randy, I am connecting with your Options teaching style, and will most like sign up on Patreon with your group. Since my portfolio is at most 50k to work with, my question is simple. I think that a video on how many positions to consider within several levels of portfolios would be helpful. If you are doing 30 to 40 trades over thirty days based on a million $ portfolio, how do I shrink that to fit my portfolio size. I realize that I make my own choices. Some positions will win, some will lose, and my hope is that of the 5 or 6 that I can justify for my size portfolio are the right picks. Please note, I am not asking for stock picking advice, rather general direction of picks. Picks based on type of trade? Picks based on my own personal preference. I am not in a rush, planning to trade on think or swim, maybe a video on think or swim? Maybe a video on smaller portfolio management, maybe you have already done this???
When it comes to position sizing, I think you’ll find this video helpful: ruclips.net/video/0vGHFCQB-dE/видео.html please check out the timestamp on diversification.
As far as the subject of trading with a small account, I think this video series will help you out: ruclips.net/p/PL3j38I2YtGw0FFabxE0_FhmRYZiSDF6Gj
I also started sharing my option trades in a small retirement account that has just under $30,000 in it with my Patrons. We don’t do nearly as many trades in it and don’t have nearly as many positions as I do my large main option trading account.
Great content. Are you typically using only MA, volume, and multiple time frames? No other indicators?
Also, in the Visa example, it looks like the price did close a little below $195 on one day. Did you just get lucky by not getting the stock put to you?
Over the years, I've used almost every indicator there is. At times, I was looking at 10 to 15 different indicators. I found that it didn't help me, as a matter of fact, it made it harder for me to make a clear well thought out decision. As a result, I have found that the ones you mentioned are the ones that work best for me. In addition to the ones you mentioned, I also use channels and I closely watch candlestick movements. To me, these indicators provide sufficient information to help me get a clear picture of the emotions behind the current stock's movement.
As far as the Visa trade, as long as there's a decent bit of time value premium left in an option, it generally will not get assigned to you. The reason is that if they assign it to you, they're basically giving you that time value premium as compared to them selling the option on the open market. If you'd like a little more information about assignments and when they are more likely to happen, you might find this video helpful: ruclips.net/video/RrWEqdmUYOI/видео.html
@@StockandOptionMyLifeOfLearning Thanks Randy for taking the time to give detailed answers. I am trying to get there and your channel is helping.
Question: For the Moving Average, how did you generate the red and green lines? I was only able to generate 1 moving average line. Subscribed cheers.
Nevermind I got it!
Sounds good. Let me know if you have any other questions. Thanks for the support!
hey for technical analysis, when you decide to enter to exit a trade, example selling puts when it hits the support line, may i know do you prefer using the weekly or daily charts? and usually whats the difference between them? thanks
That’s a great question. Generally, I review the weekly chart to begin with, and then look at the daily chart to see if it’s the best time to enter a position.
Overall, you’ll get more buy and sell signals on the daily charge. However, if possible, you’d like your trade to be aligned with the overall direction of the daily and weekly chart. For example, you’d like for a company to be in a bullish trend and finding support on the weekly and daily chart around the same area if you’re going to put on a neutral or bullish trade and vice versa for a bearish trade.
@@StockandOptionMyLifeOfLearning right. Do you personally draw like resistance and support line? And if so do you draw them on the daily or weekly charts thanks
Yes I do. The charing system I use automatically puts my drawings on all time frames.
Do these apply to weekly and bi-weekly puts? Should one use 20 and 50 sma for weekly and bi-weekly puts or the 50 and 200 sma.
I do use them on every time frame. However I have found that with some stocks, they tend to follow the EMA whereas others follow the SMA.
@@StockandOptionMyLifeOfLearning thanks that I do not have to ask
Great video!! What are your percent chances of assinment over the past year? Thank you.
Surprise assignments are pretty much zero. Overall assignment that we allowed to happen, I’d say maybe 5% or so.
Hi Randy, just curious, the MAs are 50 and 200, are they both simple or exponential?
Thank you for your question and support! If you can give me a timestamp I can tell you which one it is. I actually look at both simple and exponential. On IB it's set up for EMA and on my ETrade charts it's set up for SMA. I have found that some stocks follow the EMA whereas others the SMA.
@@StockandOptionMyLifeOfLearning Hi Randy, thanks for your reply! Im referring to your above examples of Visa and Amgen in the vid.
Those charts are off my Interactive Brokers account so that is set up for EMA.
@@StockandOptionMyLifeOfLearning Thanks Randy! Had subscribed to your channel for more valuable contents like these! Wonderfully done buddy!
How to working Indian market use indicator in ( option trading) please tell me?
Thank you for the suggestion and question! Unfortunately I don’t trade the Indian markets. However the indicators we use should work on those markets also, especially if the underlying company is a solid, mature, and consistently profitable company.
I would like to see a video comparing covered call ETFs like QYLD
Hey Gilbert, I think that's a great idea! 👍 I'll get it worked into a future video. Thank you for the suggestion.
@@StockandOptionMyLifeOfLearning I have been studying covered calls just in the last month or so. I invested in Qyld and ryld. I have to say that your material on RUclips is the best that I’ve listen to on the subject of options. I have got 100 shares of MO and 100 shares of Verizon. I want to start writing covered calls on these two stocks
Thank you for that! 😊 Let us know how it goes.
do you ever keep a stock for a few years or longer and do collar trades on the stock and take your winnings and buy more stock to increase the dividends on the stock.. like say a king stock that you will keep forever?????
I haven't been selling options against my long-term holds. However, I am trying to get it set up so I can sell index options against that portfolio. I wouldn't be opposed to selling options against it, they would just need to be pretty far out of the money because I don't want them assigned. The goal with my outright stock ownership account is not only dividend growth, but also portfolio value appreciation that's not taxed like we are with our option trading.
What time frame are you on?
I look at the daily and weekly time frames for opportunities. I then look at the 1 minute chart for entries.
I collected $300 prem from a sell put option, it went deep ITM. I rolled the option to a farther date and lower strike but the prem was only $200.
I was wondering whether the difference of $100 is considered as loss?
Thank you for your question and support! You would have a loss but it would be based on the original option you sold. For example, you were initially paid $300 for selling the option, and let’s say it cost you $500 to buy to close it out. You would have a $200 loss on that position.
If you then sold a new option in the same stock say for that $500, then you’re starting a new potential gain/loss scenario. If the stock moved back in your direction and it expired worthless, then you would have a gain of $500 on that last trade and an overall gain of $300 between the 2 trades.
Does that answer your question?
@@StockandOptionMyLifeOfLearning
Let say i were paid $1045 for the original sell put option for strike $50. It went deep in the money. I paid $2680 to close the option, then i sold a new option for 6 months expiration later at lower strike $45, i were paid $3070.
Do I gain or loss if eventually the option expires worthless? And how much?
Thanks in advance for yr advice.
So you received $1,045 cash into your pocket when you first sold the $50 strike put. Then $2,680 out of pocket to close that option. That equals a loss of $1,635 on that position.
Then you started a new position (which may have been done simultaneously when you bought to close the first one) by selling a new option with a 6 month expiration at a lower strike ($45) and pocketed $3,070. If that option you sold last for $3,070 expires worthless then it would cost you $0.
So your profit on that position would be $3,070. If you back out the loss on the first position of $1,635 then for the overall stocks options trades you'd show a profit of: $3,070 - $1,635 = $1,435.
Does that answer your question?
Do u work in tva 🤣 those charts looks like time line
I apologize, I don't know what that stands for.... 🤔
@@StockandOptionMyLifeOfLearning I was only joking from loki series.. Good work mate