How To Start Options Trading with a $1,000 Account

[@Christensen554]

Funny how I started trading with just 1k almost a year ago and seeing this. Haha, I've flipped my account into 5 figures so far, and still going. I hope to attain financial freedom soon. One more thing, I always look forward to your content brother, keep up the good work.

[@Donnierra]

Way to go man! If you don't mind, can you share how you're doing it?

[@Christensen554]

It’s not rocket science. As I said previously, I got into trading options myself but wasn't getting the results I wanted the first couple of months. Got tired of taking losses and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments in ways that have made me good roi. Now I sit back and reinvest at intervals while I focus on my 9-5.

[@Pathston]

Sounds like I need help so bad. To me, options are not worth it, just too risky and I know that's the same mindset holding me back from taking a step forward in my finances. I guess I'm just scared since I'm green to it.

[@Christensen554]

Hermanw jonas (a Gma!L comm
Is he taking commissions for his services? Yes, I’m I still making money in the process? Hell yes!

[@rogergeyer9851]

Stop with the nonsense and spam.

[@FreyaIsla619]

Very Educative video. I have witnessed firsthand Sir Omar's dedication and commitment towards his clients. Omar pays when due without delays. I can't thank you enough sir, God bless

[@FreyaIsla619]

He's mostly on Telegrams, using the user name

[@FreyaIsla619]

@Saniomarfx, thats it

[@EvelynOlivia-]

Great Video. When it comes to professionalism, Omar Sani is one of a kind. He is committed to giving his investors passive income and financial stability. Omar is the best trader out there

[@EvelynOlivia-]

He's mostly on Telegrams, using the user name

[@EvelynOlivia-]

@Saniomarfx, thats it

[@LucilleMia-]

I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio. Thanks so much Omar Sani

[@LucilleMia-]

He's mostly on Telegrams, using the user name

[@LucilleMia-]

@Saniomarfx, thats it

[@AgathaDaisy]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Omar Sani.

[@AgathaDaisy]

He's mostly on Telegrams, using the user name

[@AgathaDaisy]

@Saniomarfx, thats it

[@AgathaDaisy]

He's mostly on Telegrams , using the user name

[@FreyaIsla619]

He's mostly on Telegrams, using the user name

[@CharlieAlira]

Thanks for your videos. Sir Omar Omar understands the importance of liquidity in investments and strives to ensure that investors can withdraw their funds quickly and efficiently. His commitment to excellence is evident in the consistent returns he delivers to his investors. With Omar, you can trust that your investments are in safe hands.

[@CharlieAlira]

He often interacts on instagrams, using the user below.

[@CharlieAlira]

@Saniomarfx, thats it

[@bradley-6tr]

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast. I will also suggest investors to get yourselves a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@ronwest-fe2jx]

VENTURING into the trading world without the help of a profesionals, trading and expecting profit is like turning water into wine you would need a miracle...

[@tim.morris77]

Hello, how do you make such amount? I'm a born
christian but sometimes I feel so down of myself because of low finance but I still believe in God

[@khatty1989-H]

Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises.

[@ronwest-fe2jx]

I suggest, Kristen Palmer, she is extremely good on that.

[@ronwest-fe2jx]

She has been the secret of my success ever since I lost my job. She is very good on that. Thank God I met her at the right time. Now I have a house of my own and other valuables.

[@karenwilliams9653]

The stock market is more volatile than ever. recently went "all in" and bought up $80k worth of ETF's & individual stocks, my aim is to take advantage of this S&P 500 downtrend, what could be accurate predictions moving forward? Open to chat.

[@kendavies8351]

There are tools that allow investors to invest in companies before they hit the stock market, multiplying those potential gains that otherwise wouldn’t be available after the initial public offering. That’s what I am up to, steer clear from the equities and bond market, my humble opinion.

[@lisaMauer-sj5el]

I agree, I have used the same money manager for close to 4yrs who have been involved in launching IPOs. We got in fairly early with a modest amount of money. Then it mushroomed like an atomic bomb. We had over 4 m dollars after GME profits in 2020/2021. Inflation has eaten away at the nest egg but we are lucky to have Monica look after it diligently like she has done the past 3-4 years.

[@zoebakker5211]

Definitely private investing is the way to go. Our government keeps lying. I’d like to earn like that is it a private equity fund or mutual funds investing?

[@karenwilliams9653]

wow impressive, how were you able to achieve this despite the downturn?

[@TonyRiley-qb7sw]

this is incredible! how can I vet your advisr, mind sharing info, if you please?

[@AuroraJack-]

Interesting Video. With Sir Omar Sani you can trust that your investments are in safe hands. His attention to detail and meticulous approach to trading are what make him stand out in the industry. There are no hidden fees or surprise costs when working with Omar. His commitment to excellence is evident in the consistent returns he delivers to his investors.

[@AuroraJack-]

He often interacts on instagrams, using the user below.

[@AuroraJack-]

@Saniomarfx, thats it

[@tradewithsergei]

Practical and useful video! Please make a video on how to choose the right amount of loss. I think this will be very important. Your videos are very helpful in keeping less experienced people on track.

[@leecampbell5736]

Another crystal clear presentation. You guys rock!

[@ChrisNawoichik]

There's an issue here for small accounts below the $25,000 capital requirement of FINRA's Pattern Day Trading rule. Because this trade involves SPX, just one adjustment to a multi-leg spread executes a round-trip. Thus, taking it off completely executes another. Therefore, it's safer to use futures' options (i.e. /ES) as they are governed by CFTC, who does not have a PDT rule.

[@Milen983]

I am so scared of futures, but I guess the only way to be more successful is futures. Also, most brokerages don’t allow for level 2-4 options strategies with that small account.

[@leecampbell5736]

Yep... need margin and level 3 options but I think some brokers may let you get away with it

[@tyrincarnate3854]

Or just do 3 trades a week instead of 5

[@ConflictTh3ory]

The Pattern Day Trader (PDT) rule doesn't directly apply to trading options within an IRA account because IRAs cannot be margin accounts. However, if you're using a limited margin IRA, you might be subject to the PDT rule. It's always best to consult with a financial advisor or brokerage firm for specific rules and regulations.

[@WorldSpectator705]

I believe that since SPX options are "European style" options, that is you cannot be assigned shares when they expire, that you can probably day trade them as long as your account is classified as a "cash" account rather than a "margin" account. SPY and QQQ options are American style, and can be assigned, therefore my broker has told me if I want to day trade spreads, it has to be in a "margin" account, which requires a 25 balance.
Check with your broker on whether SPX option spreads can be day traded in a "cash" account, and if the PDT rule can be avoided in this way. I've never traded SPX options or SPX spreads, but I believe they have a different rule because they are European style. I wish SPY and QQQ were European style!

[@ieugeniya]

Hi there 😊!!! Thank you very much for sharing this strategy!!! I like it very much and had a chance to play with it today! The only thing I would say is that for example Robinhood, where I sat up $1000 account, asked to additional $1200 in funding in order to execute this strategy 🤓. So, in the end it looks like it would have to be at least $2000 account. The gain for today was $110 dollars if the trade was executed at 8:30 AM promptly and exited before 10:30 am.

[@mariodeleon952]

I don't think this applies for small accounts, if you have less than $25k (which is this video's case) then doing an iron butterfly (4-leg options trade) on the same day would trigger day-trade pattern, and you would be blocked from trading for a good while

[@DeepakMallick]

FIVE flaws in this strategy that is not discussed:
1) Margin account - most brokers will require it for low funded accounts, especially $1k
2) PDT (Pattern Day Trader) - Trading SPX with a margin account under $25k will trigger PDT restricting 3 trades in 5 trading period.
3) Assumption of profit 80% (4/5 days) - This is a BIG assumption. This strategy is NOT low risk low return. There is no 80% win-rate guarantee over a long period.
4) 5% limit on single trade. This strategy consumes over 50% of portfolio value. Losses if not managed can be over 50%. Two straight extreme days can wipe out the entire portfolio.
5) Fees - This strategy uses 4 trades that are opened/closed before expiry. Average fees is $9 ($2.25 X 4) per day. $45/week. This represents 22% of the profit in their example ($201).

[@shanerobert2032]

Straight to the point no BS. This is a great video.💯

[@ToddUgine]

Might also need margin account on and approval to sell vertical spreads.

[@danielperkins9347]

And $25k.

[@renotoolittle3743]

Problem 1= regulators require a $2000 minimum to put on option spreads. Problem 2 = you would be subject to pattern daytrading. Only way to dunk the pdt rule would be to let the option expire. Then it would not count against your pdt. Also, if you let options expire, it only works on cash settled options. Example spx. If I’m wrong and there is a broker who does not require the 2000, please correct me and let me know.

[@albertodeulofeu5277]

Wrong. U can let assignable stocks expire worthless too.

[@philthee04]

Charles Schwab (Thinkorswim) only requires you to have the risk available.

[@dllmohh6026]

Tastytrade platform allows trader to trade credit spreads without min 2K deposit. You can even trade as long as your capital meets your spreads strike, even say 100 bucks if you trade SPY, eg. like spread distance between the short and long leg is 1 buck.

[@artmoore4457]

$2000 is not a requirement for regulators. Maybe your broker is imposing this, but it's not federal. Webull and RH will allow it.

[@Rennegade159]

This might be a dumb question but I'm fairly new to this. What is the difference in this and day trading? It's my understanding that if it is there's a requirement to have over $ 20,000 in your account

[@cal4865]

$COP earnings in 6 days looks like a beat in my opinion!!! Happy trading!

[@bretjrepaziklis]

Sir Ronal’ has offered profits to investors who wish to recover losses including myself and it’s a great honor to be part of them 🥳

[@bretjrepaziklis]

he’s mostly on Telegrams, using the user.

[@bretjrepaziklis]

# Ronalfx2

[@hullbest8733]

Thank you Ronal’ for your TA 💯. I’m excited how my trading is going so far. I’m on $1m challenge right now. Already earning $35k weekly

[@chandrakantsoni8967]

I'm favoured financially, Thank you Ronal’
$32,000 weekly profit regardless of how bad it gets on the economy

[@johnmanny760]

His technical analysis is excellent and his interpretation/projections of the market are so accurate’ The point is Ronal’ is the perfect trader to follow for advice and guidance

[@northwestrider369]

The only problem with this example and showing it for the whole week is that if you are starting with 1,000 or even a 5,000 account trading 1,000 or less. You can only trade 3 days a week because of the PDT rule.

[@ilikejc]

the pdt rule is so stupid

[@RogueAutumn]

The PDT rule doesn’t apply to cash accounts, which a $1000 account would be required to be.

[@Enigma_Vids]

Cash account and you can trade options every day

[@northwestrider369]

Most cash accounts won’t let you trade spreads. You can buy single options, but most cash accounts won’t let you sell the other leg. Maybe the brokers changed, but I’d say as of about 3 years ago when I was still using cash account, no broker I found would let you sell options unless on margin.

[@northwestrider369]

About 3 years ago I was trying to use cash accounts. I couldn’t find a broker that allowed you to sell options on cash. So you can buy single options but could not sell the other leg to make a spread. Maybe they changed since then. What broker allows selling on cash?

[@sanjeevbhola7496]

This strategy is good for slow days Or when markets are cold. But when the markets are on a tear either upside or to the downside then it's better to go with call or put spreads.
Tell me what's your take on the different market seasonality effects on these strategy.

[@unbelievable9750]

Are you saying call or puts when the market is volatile or are you saying people should do spreads during volatility? Thats somewhat of a good idea to limit risk and limit gains, but if the market is volatile that’s where you can make significant gains by going either long or short, not both or spreads.

[@sanjeevbhola7496]

@@unbelievable9750 It all depends on the day type we have and the probability of the move the market can make in that direction whether up or down.
One has to be adaptive with the option strategy they deploy.

[@feeltheburntv270]

You obviously would do this on days where there’s no market catalyst such as PMI, CPI, PCE etc

[@biesweekendrides1113]

As a beginner, will you be subjected to the Pattern Day Trade rule if you do this daily?

[@Milen983]

Yes you would. Also, you wouldn’t be approved for those kinds of options trades, vertical spreads or others. Everything is done to keep us poor people poor, out of profiting in markets.

[@lucyarnold9177]

You can perform 2-day trades in a ROLLING 5-day period (do not count weekends). You can do this with a small account, however you need to have your account approved to perform spread trades. When I opened with TD Ameritrade, I had to pass their free online courses. But you can always practice this technique in a paper account without having the live account approved.

[@biesweekendrides1113]

@@Milen983 I have a Schwab account that I had for some time to buy and sell stocks, it’s not a big account but I was able to get approved to trade options. Maybe just open an account, trade some stocks for a few months and go through their education program on how to trade options. Paper trade first then see if you can apply to trade options. Hope this helps.

[@DragosNowitzki]

It depends… the PDT rule applies to margin accounts. My broker (Interactive Brokers) unfortunately requires a margin account for options trading. But other brokers also allow you to use a cash account for options trades, in that case the PDT rule does not apply as far as I know.

[@Niko-1004]

So to make profit with this strategy, we need a slow day? Any big move day will end in a loss?

[@danielperkins9347]

You’d be surprised. Index will likely need to move 10 or more points.

[@Myscentsei]

This is a day trade and would require 25K in account minimum?

[@TheLoreNetwork413]

If using margin yes it’s a pattern day trade

[@dashermike3207]

I dont understand how this can be done in a small account because of the $25000 day trading rule. Aren’t small accounts limited to 3 trades per week?

[@dashermike3207]

Also, I’m not sure about other brokerage firms but in my case changing from a margin account to a cash account won’t solve this problem because , while it does get rid of the day trading rule it also takes away the right to buy or sell any kind of spread option legs….you can only trade straight and calls and puts

[@CptCarbon]

Why would you trade a iron butterfly instead of an iron condor with long wings? And the securing options right behind the sell options? In terms of stress and monitoring a bit less work i would say

[@blinkyschannel]

It's interesting, I just saw a video from invest with Henry where he ranked the various methods and I think butterfly was pretty low down. Iron condor might've been number one.

[@Matifuller]

0 DTE is day trading. With $1000 in the account, you are not allowed to do day trading. So, this video is not helpful for anyone with a small account....

[@WorldSpectator705]

I believe if you tell your broker to make your account a "cash" account, you might be able to dya-trade SPX options, because they are European style options, or this is what my broker told me. I was told American style options (e.g. - SPY, or QQQ) can only be traded in a "margin" account, which requires a 25K acct balance to avoid the pattern day trader rules. I've never trade SPX options much less SPX spreads so I can't confirm this. Talk to your broker.

[@GreaterLevelHomeServices]

Im really trying to start, but so many different information, still researching.

[@tylerborg8000]

Can you hold the iron butterfly until expiration? Can't you use 2 short calls and 2 long calls instead?

[@Keith-n3s]

Wouldn't this trigger PATTERN DAY TRADING for not having 25000.00 in account ?

[@ConflictTh3ory]

The Pattern Day Trader (PDT) rule doesn't directly apply to trading options within an IRA account because IRAs cannot be margin accounts. However, if you're using a limited margin IRA, you might be subject to the PDT rule.

[@joshswanson8819]

Also cash accounts instead of margin are not subjected to PDT rules from my understanding.

[@davidseo677]

Just trade shares, not options. Then you dont have to worry about pdt rule anymore as long as youre on a cash account. If not, switch now from a margin to cash account. Its free and easy. Also, trading options is riskier and trading normal shares is already risky.

[@MB031]

Yes, exactly.

[@Usernotloggedin]

What determines when to get out?

[@Jonathanshaw-ix3vw]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.

[@JohnJohn-et9jp]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@RylandAdams-ol2rn]

She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

[@MeaganHollis]

You trade with Veronica Hoy too? Wow that woman has been a blessing to me and my family.

[@Rosariojonathan-ds9ix]

I'm new at this, please how can I reach her?

[@AmandaJennifer-bh9vl]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

[@albertodeulofeu5277]

Why is that an iron butterfly and not an iron condor? When I try this set up, it says it’s an iron condor

[@cal4865]

$BA showing a buy signal earning 9 days 8/16 Options in my opinion!

[@maxkatz5023]

With a $1,000 account, aren't you going to violate the "Pattern Day Trading Rule" by the end of the first week of trading?

[@davidanton7467]

Not if you have a cash account

[@davidanton7467]

Cash accounts usually settle trades after one day. I use the wheel strategy in my videos. Search for them @dadsmarketstats

[@gtrujillo6967]

@@davidanton7467 can you trade this strategy on a cash acct? i beleive only on margin L3 options trading approved acct you could

[@ninjazzrhythm400]

​@@davidanton7467it depends on the platform that you're using. Moo moo only use margin account for their option trade

[@AyodeleSmithJackson]

For 0 dte options if you let them expire it does not count as a day trade. You would buy in the morning or whenever and let it expire. This does not count as a round trip/day trade. But it does require a margin account and certain option permissions from your broker.

[@cal4865]

Buying $CELH after earnings 8/7 probably 8/16 options calls

[@DB85-Trader]

Thanks for the lesson Seth. I imagine this strategy would be parked on days where key economic news is pending?

[@cal4865]

Trade of the Century $GME 25M 9/20 Options

[@gavnonadoroge3092]

so it takes two winning trades to break even for one losing trade. did you run that for a year to see if this will be profitable?

[@gtrujillo6967]

this would get you in 5 round trip trades within 5 days, flagging your acct as PDT and requiring a minimum of 25k balance in the account. Why is this not mentioned?

[@porschedk]

PDT doesn't affect cash accounts

[@gtrujillo6967]

@@porschedk so you can sell options short on a cash acct?

[@porschedk]

@@gtrujillo6967 I'm not sure tbh. I only trade stocks with a cash account, unlimited trades.

[@MrCurtis61]

@@porschedk There is no way with a 1K cash account any broker will let you sell that many options .

[@porschedk]

@MrCurtis61 So then, a logical conclusion (to me) is that these guys are simply ignorant, and that they're more youtubers than traders.

[@shoylu88]

on the july7th why buy back the short put and not let it expire worthless and keep premium?

[@reynirreynisson1971]

Hello as a non US citizen or resident, what would be the best brokers to start with options if I can even trade options?

[@SniperTrader2023]

With a $1000.00 account wouldn't this strategy used 'every day' end up in the account being flagged as a pattern day trader?

[@kiwihello2]

The trade described requires $25,000.00 in the account after any possible losses and commissions. Not $1k as stated

[@WorldSpectator705]

I believe that since SPX options are "European style" options, that is you cannot be assigned shares when they expire, that you can probably day trade them with far less than 25K as long as your account is classified as a "cash" account rather than a "margin" account. SPY and QQQ options are American style, and CAN be assigned, therefore my broker has told me if I want to day trade spreads, it has to be in a "margin" account, which requires a 25K balance.
Check with your broker on whether SPX option spreads can be day traded in a "cash" account, and if the PDT rule can be avoided in this way. I've never traded SPX options or SPX spreads, but I believe they have a different rule because they are European style. I wish SPY and QQQ were European style!

[@tjadd5454]

Most brokers would require you to have 25K, because these are day trades. You account will be flagged as a partern day trader. Hence requiring 25k

[@kevinwynne5422]

This doesn't work as described because you'd have to have a margin account to sell a position, if you are doing this in a margin account less than $25K you are subject to the PDT rule (3 round trip trades in a rolling 5 day period). You could, at the very best, perform this strategy 3 times a week... if you don't make any other day trades in the account.

[@MB031]

You didn't tell that you need to be approved for level 3 and 4 ! If market goes little volatile you lose everything ! You will get flagged for pattern day trading ! Risking $650 for possibly win $73 and 6h be glued to PC screen ?! No thank you 😀 Don't trade options, it's too risky !!!! All these YT people are bait to get you into risky gambling !!! If you like trading, then trade shares instead, it's way less risk and you get to keep the stock if things goes south...

[@williamkloss3195]

I used a well known backtesting software with your system and resulted in a net loss over the past year. Any explanation? BTW, I really like your videos and found that almost all of your strategies work well.

[@nicoleharewood1074]

Great video, thanks Can this strategy be done towards the close of the market?

[@cal4865]

Got $TSLA beat in my opinion today!!

[@JBAEE6]

600 risk. to make 73 bucks. no thanks.

[@caiobortoli]

With an 80% probability of profit.
It's a good strategy if you manage it right. Some crazy @ss people close the wins but let the losers run, which will get your cVar through the roof. Don't do that. You have to set a "stop loss", so to speak.
It's better to place the short strikes OTM like 30 delta and the long strikes 10 delta for better management, close winners at 25% of max profit on your spreads and close losers if your realized loss upon closing the trade equals 50% of max profit you would receive.
Max profit is the amount you would pocket in if you hold till the end of the day and every option you bought/sold expires worthless
1:2 risk return with 80% pop = positive edge.

[@Jeff-xy7fv]

Much less risk to buy long options on stocks on the move (up or down), and set a stop loss and a profit target.

[@jillpatricialyons3223]

What would happen if you just let the options expire at the end of the day instead of closing them early?

[@FutureIsBetterThanThe80s]

Does it make sense to repeat this strategy even on the same day? If yes (or why not): why should one close and reopen?! we could just save the fee!?!
and If twice is possible, then it also shouldn’t make a difference do repeat it 3x, 4x a day or to summarize, just wait for expiration on each day to maximize returns with max time decay…!!??!!

[@cal4865]

$CDNS $GEV $SPOT might be in play!!! Calls

[@BlkInc1]

Is it an Iron Condor or Iron Butterfly? I've never heard of Iron butterfly.

[@RecoveredRidleyTruther]

Much appreciated

[@saeedgolisade5015]

Hi, but it counts as a day trade and you need atleast 25k

[@RogueAutumn]

To do this in a $1000 account, you need an offshore broker because American brokers won’t allow this spread in a cash account, which a $1000 account is required to be.
Also, since you get a combination of two credits from this strategy, you should aim to have them equal or close to equal as possible because you want to keep as much premium as possible at expiration.
If one spread provided more premium than the other, and that side ends up worthless, then you’ve lost the trade.
And last, in the example, he could have made 906 instead of 73 had he not closed the trade.

[@cal4865]

$IBM breaks resistance!

[@cal4865]

$MA to 700 !!!

[@kingmike40]

They would need a margin account to do this trade and a 2500 minimum is needed in most brokerage that I know of plus they would get hit with pdt.

[@ilikejc]

wouldn't these exiting trades count as day trades? If the account is only 1k, you can't rinse and repeat this process more than 3 times for every 5 business days

[@WorldSpectator705]

I believe that since SPX options are "European style" options, that is you cannot be assigned shares when they expire, that you can probably day trade them with far less than 25K as long as your account is classified as a "cash" account rather than a "margin" account. SPY and QQQ options are American style, and CAN be assigned, therefore my broker has told me if I want to day trade spreads, it has to be in a "margin" account, which requires a 25K balance.
Check with your broker on whether SPX option spreads can be day traded in a "cash" account, and if the PDT rule can be avoided in this way. I've never traded SPX options or SPX spreads, but I believe they have a different rule because they are European style. I wish SPY and QQQ were European style!

[@real-American-man]

One thing I seem to never hear, he is talking about selling a call and in the case of using Robin Hood I believe you have to be trading on margin money, or you have to own 100shares and do it as a covered call. In either case if you’re struggling and trading on margin with that low of an account you probably shouldn’t be trading. And if you can sell a covered call on a stock that price I don’t see you having just a 1000$ account. Or am I missing something. The risk reward is dangerous and using these kind of numbers may really hurt someone new to this.

[@real-American-man]

@SMBCapital67 thank you for the reply but I literally was asking are you talking about these strategies based on margin trading or using them like a covered call?

[@cal4865]

$TSLA beats today in my opinion!!!

[@DougSmileyVirgo]

You'll need a Level 4 options approval from your brokerage to implement this strategy.

[@danielperkins9347]

I have level 3 and I can do this.

[@danielperkins9347]

But you need 25k minimum

[@jasontosh4861]

Can you do this same thing with SPY if you are on a platform that doesn’t support SPX?

[@Caveman787]

Yes but spy is 1/10 spx.
So you would have $2 wide wings.
The strategy can be used on any stock.

[@FrenchChefatYourHome]

thanks from france

[@brendanmahoney3881]

Sorry if this is a newbie question, but I dont understand what you mean by sell the options in Step 1. How are you selling an option you have not yet bought? Is there not a cost in "selling" the two ITM options?
Also appreciate you showing the potential downside of the trade strategy.

[@dongraf1222]

You know that no brokers let you sell options (even by selecting a strangle) with only $1,000 bucks in your cash account right?

[@boyscouut]

This is so Incorrect.

[@mikedunmore5238]

Yes they do. Only,3 a week on Charles Schwab. Even on Robinhood you trade

[@philthee04]

You execute all 4 legs at the same time, by doing that you only need the risk.

[@akshatrastogi9063]

How can we get past options data for free to backtest these strategies for last 4-5 years? I guess for this strategy, we need intraday data of 1min or 5min or 15 min candles.

[@rogergeyer9851]

Respectfully, anyone only wanting to risk $1000, has NO business playing with options. They should build up some respectable capital, an emergency fund, etc. first. Probably own an index fund or two and get used to experiencing market volatility while they build up funds, via dollar cost averaging into their index funds.
THEN, when they are willing to risk $5K or more in an options account, small account strats to get their feet wet might make some sense.

[@cal4865]

$CRM a buy today in my opinion after earnings in
21 days!!!

[@KirbiHolat]

Despite all the financial struggles my family and I faced, everything is finally falling into place! $47,000 weekly profit and riches. I will always praise the Lord.

[@DanielGrezda]

Hello 👋 How are you earning such weekly? I was born a Christian, and sometimes I feel down on myself because of low finances, but I still believe in God.

[@KirbiHolat]

It's Elizabeth Regina Nelsen doing she's changed my life. A BROKER- like her is what you need.

[@SuaraCheng-hp9vx]

Life is easier when the cash keeps popping
in, thanks to Elizabeth Regina Nelsen's services. Glad she's getting the recognition she deserves

[@Marcelino457]

I used to work 3 jobs, full time at Walmart, a server at night and Lyft on the weekend, untill elizabeth regina nelsen change my story.

[@DanielGrezda]

alright thanks for the recommendation, but how do I reach her?

[@razzy1476]

Interesting I like what I hear! Nice on Bella ! Fo you still remember me Razzy. ?

[@quantum7401]

How do you lose $2,355 if your account balance is $1,000? I can't place a trade with more risk than I have in my account. And margin available to retail traders isn't gonna cut it either.

[@kebman]

Why would you take a bigger loss than a win? Doesn't that skew the probability against you?

[@cal4865]

$CENX buying after earnings 25M calls today!!!

[@cal4865]

$AMZN @Open 50M 8/16 calls in my opinion!

[@cal4865]

$ANET earnings 11 days 25K calls 8/16

[@cal4865]

$MU most upside of the semi sector 10M after earnings for me!!!

[@jaynen]

Isn't this wrong? you say the buying power needed is the difference in spread - credit received but you are 20 points on each side which means you are required to have 2,000 per side while your total premium was 1,350 so doesn't this mean you would need 2,650 which is not a 1,000 dollar acount

[@-mr3puttz-310]

these are basically iron condors with strikes adjusted which are 2 credit spreads at the same time. Both spreads cannot be wrong at the same time. Your broker/software knows this so buying power for one side needed.

[@RainyDayz]

With $1,000 in an account you will be smoked by the Pattern Day Trading Rule. It’s probably best to do this on the most favorable days in order to wait for the PDT flags to clear up.
Thanks for the idea though!

[@WorldSpectator705]

I believe that since SPX options are "European style" options, that is you cannot be assigned shares when they expire, that you can probably day trade them and avoid the PDT rule with far less than 25K in acct, as long as your account is classified as a "cash" account rather than a "margin" account. SPY and QQQ options are American style, and CAN be assigned, therefore my broker has told me if I want to day trade spreads, it has to be in a "margin" account, which requires a 25K balance. Or day trade less then 5 times in a 5 day period.
Check with your broker on whether SPX option spreads can be day traded in a "cash" account, and if the PDT rule can be avoided in this way. I've never traded SPX options or SPX spreads, but I believe they have a different rule because they are European style. I wish SPY and QQQ were European style!

[@MegaSatyam123]

nice 🎉🎉

[@Vincent-io2iy]

never once talked about naked options strategies

[@cal4865]

$MSFT earnings next week they ready Now!!!

[@12408ca]

This is definitely easy income for a 9-5 worker.

[@thegamerboneless2864]

$1000 buck account and you use dam near 1/3 on one trade. I don’t know about that. 😂😂😂

[@rayalasantosh]

This strategy will actually not work in reality due to the PDT rule.

[@cooldog60]

What is PDT rule?

[@cooldog60]

What is the PDT rule?

[@davidanton7467]

It works if you have a cash account. Cash trades usually settle after one day. I use the wheel strategy on my videos. You can search for them @dadsmarketstats

[@donm1420]

@@cooldog60pattern day trading rule. 3 or more return trip ( buy & sell ) same day transactions.

[@matthewkramer8613]

Not sure what the acronym is but it may have to do with account management, only using a small percentage of capital per trade. With a credit by selling this imposes minimized buying power and this is also only one trade. With an account this small the broker will require non margin likely. Still this strategy is great tool for certain market conditions. Intend to paper trade this one to get a feel for it.

[@cooldog60]

I don't see this set up on Schwab.

[@geomi3185]

Need to look in options menu , if you are on mobile its top left and is called SPREAD . Touch on it and a drop down shows up and gives you a list of available styles of trades for the options

[@-mr3puttz-310]

use iron condor and manually adjust strikes

[@cal4865]

$ALGN calls

[@cal4865]

$DIS $CRM $AMGN $DJT $CRM $GILD could be in play!!!

[@peaceofcookie]

Are they just recycling videos with new titles?

[@Tothemoonalice373]

Way to complicated for new trader

[@malex_xander]

Don’t really think trade with 20% of your account was a good idea. Sometime you will have a 3 or more stop loss in a row and you blown your account…

[@cal4865]

$CRM chart showing bottom levels earnings 22 day going to buy options after that date today 25M 💰

[@cal4865]

$F $PINS & BITCOIN stocks !!! $MSTR after market Earnings today looks promising!!!

[@ajirinath4390]

this look like gambling but is cool