$4,000/mo Spreads (Small Account Trading)
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- Опубликовано: 28 сен 2024
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𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market.
I'm fascinated with investing, as a single parent and juggling all these things are quite difficult. Invested $ in few sectors but haven't seen any profit yet. Don’t know what I’m not doing right
@@marenschmitz Understanding your financial needs and chalking out a plan remains the smart way to prepare for the unexpected. 11yrs in investing space and extremely pleased with the decision I made. The good news is - it’s not too late, I'll suggest you find a mentor or someone with experience guide you especially in this recession.
@@jamesbifulco I’ve actually been looking into advisors lately, I could really use some guide, but are they really that effective though?
@@marenschmitz They are solid at their jobs, I've had the opportunity of working with one in and it has been immensely helpful, I had an overall portfolio restructuring. Patricia Susan Wallaitis is the coach that guides, you probably might've come across her before, she's quite known in her field, look her up
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
@Erica Stewart Wow!! Kind of in shock, you mentioned Mrs. Arianna. She has proved beyond all doubt that it's worth generating wealth from crypto investment. I've been earning greatly
Mrs Arianna Simpson has aided so many newbies. I made over $74k with some amazing gains in the market, her pattern are very lucrative
@Dempsey I'm sure her service is available outside the US, but you gotta ask her first. I'm positive because I have a friend who stays in Australia and using her services too. You should ask her though to know if she offers her service to your country.
She's actually from Italy but she's Based in USA with her family.
@Dempsey Seeking her contact info
You are funny to watch. I like the videos. Im from NJ originally, so I can smell BS and yer a good guy. I'm only starting with Selling Puts. I love it can can't wait to get started. The other Leap shit and Iron Condor is confusing and seems fancy so as soon as I can afford you, you can teach me about that stuff. I didnt get to see the live ones and I was looking for a link to them or something.
Staying tuned. Thx
I usually do 1 wide spread. Does having 5 wide lower our losses? Which one do you recommend?
I've thought about this some lately myself. Having typically gone for 1 wides and more sets of contracts, I thought of a couple of things. Say from a risk perspective, you were willing to risk $200 in your small account on a spread. So, you could do a 2 1-wides or a single 2 wide. As you are likely to pay fees on a per-contract basis, the 2 wide has half the costs for entry (and exit) as the 1 wide, as it only has half the contracts involved. Secondly, the odds of the price of the stock jumping and covering your 1 wide completely is a little greater than covering the 2-wide you have (e.g. max loss), assuming you'd be using about the same lower strike anyway. So, this week for my few plays, I widened the strikes a little for the same risk overall. I still had the same target percentage credit for opening it, able to put just a little more in my pocket with fewer commissions from fewer contracts. That is my take. But, there is a point where it is diminishing returns to extend the strikes, so find that sweet spot for spread width and strikes.
Hello, Henry! I would like to sign up for your Discord alerts, but I cannot find a direct link to that option. It keeps taking me in circles.
Great video...Risk management question - What percentage of your small account would you put in each credit spread? 5% more or less? And/or how many positions/spreads would you have on at the same time? Thanks
Rule of Thumb: Always start small. Start with 1 contract. Are your trades consistent? Are you understanding the ins/outs of the trade? What is your winning percentage vs. losing percentage? Do you understand what margin requirements any given [type] of trade may take? Do you know how to look up your financial commitments within your trading platform and understand what the numbers mean? Are you humble in your approach or cocky. Trading is unique in that at any time you control the scale of the trade. 1 contract ... 10 contracts ... 50 contracts - depending on what your account can support (again this goes back to understanding what the financial requirements are for the type of trade). Many times ( at least for on Fidelity in my experience) if my account won't support a particular trade some error / system message will be displayed - at that point, if you don't understand what the message may mean, call your broker / institution ... tell them you are learning to trade and don't understand the message. The brokerage support people are extremely knowledgeable and willing to educate you. It's a long learning process. Start slow and increase once your understand and feel comfortable.
@@jlh2119 Thanks. So if you were fairly consistent, winning 80-85% of your trades for example and with a $10k account size.. would you feel it appropriate allocating roughly $500 in capital/collateral for each vertical spread? Just curious if you thought that might be conservative or on the aggressive side or about right? I'll have to check about the "financial commitments" part but I'd be dedicating one account solely for selling vertical spreads on SPX, SPY or other big cap stocks. Thanks again.
My rule is to risk no more than 1% or at most 2% of my account on any one trade.This may not be practical if you are starting with a small account. If you are starting with a few hundred, or a few thousand dollars you can afford to be a little more chancy because even if you lose, the loss won't kill you. You might not be happy about it but it won't mean you can't pay your bills.
As for the number of positions, it depends on how many good trades you can find. You should only take the best trades. There are times when there are no good trades to take, at such times it is best to back off and do nothing until the situation improves. There are other times when there are lots of good deals. At such times you could be fully committed as long as no one position is big enough to hurt too bad if it goes sour.
How to joint discord ? I do not see a link . Thank you.
calendly.com/invest-with-henry/option-income-academy
I am a small account day trader super super new to options trading yet most videos I watch trying to learn are too confusing. Any recommendations for great tutorials?
Henry - What are the top-X items to eval on the technicals? Would you have (thought about creating) a 1-pager page for ticker tech analysis that would aid in helping to decide if the fundamentals support taking a trade? The 1-pager would ask a number of questions about the ticker to evaluate ... count up the Yes / No check mark responses and the count would give a Red / Yellow / Green kind of score that supports the underlying Delta for the trade evaluation. I could watch a video 5 times and try to remember what to look at each time ... OR ... 1-pager would force (ummm... coach) me to address each item every time and foster a repeatable learning moment / process.
Hello, can I copy your trades if I join your Discord? That's what you mean when you say take my trades. I want to start with 10000 and have a already up and running account with Ibkr. I like to have any idea as to what I approximate can make of 10000 usd.
Because I have a degree in finance
Thanks for the great credit spread videos Henry. I've been trading them for about a month and it's going very well. I'm refining my strats watching you. You're also giving me goals! Thanks again
How do I sign up for the discord?
first link in description you can submit info and book a call
Hello Henry! Thank you for all of the effort you put into making videos!! So very much appreciated ! Question: Do you have a video on debit-spreads vs credit-spreads ... pros/cons ... and when a trader would use one vs. the other?
Do not send direct messages to that scam it not Henry it scam who is commenting on all Henry's posts
@@angelaskylar4215 Thank you Angela !
Henry, back in January you made a video about tesla put debit spreads and i honestly made some money $300. i only have 2k to play with but now its low because inflation. Soon as i get some money i will join your course as you're the only youtuber whos lessons actually earned me some $. Till then ill continue to watch and like your videos and see you in your course soon bro. i appreciate you.
Thanks, you are awesome, keep going and make videos for small account! 💯👌🏼
what are your thoughts on a long synthetic future with a protected put
How do I join your discord Henry?
coaching.investwithhenry.com/optin
What if i do the same way, but do it with shorter days? Is the implied volatility lower? Just asking if i can do this with 3-5 days instead of 2 weeks out
Yes
Yes please teach us 0dte spy spreads!!!
You're right Henry. As someone who has lost buckets in crypto, I can attest that it's the worst "investment" ever.
Your comment literally marked the bottom. HFSP.
@investwithhenry what is the website you mentioned to find credit spread ideas?
Too much capital on hold for small accounts!
Uncle Henry do you have any tips for getting approved for level 3 options on robinhood?
I tried to ask them, it's apparently a secret. Not joking at all.
So its been a little more then a month did any of you end up making 4k
What is his discord?
Starbucks coffee does taste burnt..you got that right
"I'm bearish on crypto because I have a degree" - LMAO
I rewatch this everyday
I find it interesting how people who have an advantage that can get them a couple thousand dollars, call it a "little" money. In the bigger picture of things, yeah, but most people may take a year to save that amount, and even then, an emergency can come to take it.
The even bigger picture is that he's trying to show you how to legally leverage that "little money," so there really isn't any need for anyone on here, like me, to get offended his calling a few thousand dollars a "little money"and getting negative over nothing because they are feeling like a victim in the face of an opportunity to make more money on the little money they have now. Haters are always lazy and angry at the very people trying to help them. Victimhood is a choice.
Small account, and then a trade with profit to loss ratio 1:10 and collateral 2500$????? How do you define small account?
Making $4K/month with a $400K account is small account trading?
Spy ate me up today. Please do 0DTE.
I’ve been trying to learn more about these strategies but it still seems like random gambling because in the 3 months since this video was made Coinbase has gone up about 84%. Most of my guesses on which way a stock is going to go do just like this.
Would love to see the video on 0DTE SPY/QQQ video. Keep up the great work!
Careful on the 0DTE spreads. I lost a lot of money trying that. Not even worth the stress. I love to see video too.
That's why some of us use public for trading. They charge a lil fee based on the price of the stock. And it's optional so you don't have to pay every time. But if you're not an asshole. You will pay that lil most of the time.
Can you send a link for your discord
Please make a video on the 0 DTE credit spreads
Getting rich off crypto is much tougher than it seems. I keep losing money while trading with these youtub videos, and finding a trustworthy professional trader to help out with these trades also appears to be nearly impossible. This is extremely annoying
That's true! Most failures in the market system today is as a results of poor orientation and bad experts methods in winning
Real estate has been the best but crypto is better rough for fast wealth growth
One thing I tell everyone is learn about real estate. Repeat after me. Real Estate provides the highest returns, the greatest values, and the least risk but you have to be patient
Amazing opinion promoting what's working currently in the market
Currently real estate prices aren’t high because they have been driven up by irresponsible speculation. As was often the case in the past. Prices have risen because a constantly increasing population with money to invest has been created - and continues to be created.
What's your take on covered calls ?
You have to own 100 shares
Bearish on Coinbase now? Bearish on crypto currency now?
Ponzi
Ok so bout $500.....got that part..but then I tried Robinhood..one has to sign up for level 3 trading to do a call credit spread..cool though now it like wals u thru it like turbo tax site.....we need more of that
Scroll up and hit that like button for Uncle Henry. No sponsors. No affiliate links. Just Me :)
Discord💰Get My Trades: coaching.investwithhenry.com/optin
1:15 sorry i had 😂
I smash the like button just cause u said we don't have to
Same here lol😊
I'm just learning about options having never traded before, but the 'Wheel Strategy' makes perfect sense to me. However, I probably learned about it from someone else [even though I've learned a few ideas from Henry too!]
If I can make a suggestion Henry. Sometimes you get a bit excited and start talking way too fast while throwing in stacks of 'options jargon' without taking an extra second or two to remind us what is meant by such terminology.
I find that too often you make a statement as though everyone knows how you arrived at your conclusion, but I'm sure that many beginners will not. eg around the 15-minute mark you mention something about placing an order and it's far from clear what's going on!
I guess I'll need to rewind a few times and decode what you are saying. Many thanks for the excellent content.
Yeah I would just listen to that part
I know I’m late to the party to comment here… I know your spreadsheet is private to your discord, but do you have a template available, or list of columns of what you’re tracking? I started watching your videos a few months ago and am learning a ton. I built my own spreadsheet from scratch, but feel like I could do better. Thank you. 😊
Henry drinks your milkshake.
I have to say thank you for the effort you make to educate. Just off your RUclips videos alone, I was up 30% last week and will be closing this week up 70%. I appreciate you!
Uncle Henry, you the man!! Been watching your channel for last few weeks and I like how you emphasize on reducing risks. I mean I been option trading for a while but I believe if I could reduce my risks my portfolio would be double by now. Finally some low risk strategies. Good job buddy.
thx Henry. been subscribed for almost 2yrs.u r the only person I watch regarding options. I've been ur "John-the-Baptist" u r the ONLY reason I've been neck&neck w/the s&p all yr. but I just wanted to say,ur newest videos r starting to be a little more difficult to understand, (maybe I'm just stupid) but they r just a little more difficult to follow.
either way,thx as usual&hope u have good holidays bro.✌️
Please please please show the QQQ and SPY strategy! Thank you 🙏🏽🙏🏽
Thank you so much, this has helped me on my TD Ameritrade account, but Robin Hood won't approve me for "level 3" where spreads are allowed. So, I can only buy single leg options. I asked them why I don't qualify & asked them what their criteria for approval was, and they wouldn't tell me. Said "we don't disclose that." They would look at my application, which, there is no application to complete. Is that common to be so untransparent? I feel that they take advantage of novice traders, particularly when options are involved, & just to warn everyone, on the day your option is expiring, they will start selling your stuff off or possibly exercising them, one hour before the market closes and you have no choice to opt out!
They wouldn’t approve of me even after maxing out all of my account options. I’m pretty sure it’s because you need to have margin enabled which requires 2k in the account.
you have to make like 10 options trades inorder to get level 3. This is their way for you to understand how to trade options before level 3. How I'm doing it is trading put options on Hims, and RIOT
They tell you when their options expire so if a novice can’t read that the options expire at 3:30, then that’s on the novice fault for not paying attention.
I have$6 in my Robinhood account and they gave me level 3 lol
COIN being bearish aged poorly
Great Video. What are your thoughts on Diagonal Spreads? Any videos on that strategy.
You must have seen a different video than I did, however I will admit he talks a lot and boasts a lot and that's it.
Is this not quite risky? You are risking $400 to make $50.. Even if this works 8 out of 10 times.. you will still be down overall.
too bad it doesnt work. small accounts on almost all brokers are not allowed to trade spreads
Dear coach , in order to do "call spread " ( like in this video ) you don't have to OWN a 100 share of the stock ?? The second leg that we call "BUY call " acts like an insurance for the first leg ( selling call) ,right ? so , this is exactly the reverse version of " put credit spread " ....right ???
You are correct.
can i enter a call credit spread manually if my broker hasn't approved level 3 yet? selling a naked call first and then buying a call on another leg up?
Long time fan from when you started. Been doing the wheel for 1.5 years and some 0dte credit spreads on spy. I'm now beginning to incorporate iron condors and credit spreads on spy with a 0.1 delta or less1-3 weeks out. Making about 5% this December thus far as long as no insane $30 plus move of spy by 12/23
Solid video Henry, I sell a lot of put spreads but definitely need to get on the call side as well.
Agree on crypto. It is pink ponies and fairy dust. You mentioned gold (doesn't produce anything)...while true- it does have practical uses as a metal. Crypto? Not-so-much. Oh...I forgot about the decentralized ledger!!! Yawn.
How do we join your Discord?
What class I can learn about fundamentals/ financial/ analysis, please? Can be recommended books or somewhere?
Open with how much collateral one needs first to make that much....i tried a spread but robinhood wnt let u still without hvg collateral
At wrk rn later on looove ur videos
henry your link to coaching does not work to watch the video fyi..
Facts bro. I lost some money do too spreads at the money. Open them where you know you’ll make money
I usually open them around 15-20% delta now. That’s how you build your portfolio. Passive income.
yep trade small dont try to get too much at once
If a short side is exercised can you have the broker to automatically exercise the long side to cover or can you actually end up having to buy a lot of shares just to sell them at a lower price while your long side expires worthless?
Do you roll spreads?
What does it mean on Deribit that you have unlimited loss on selling Puts?
It would be awesome and a huge help if you could do a video on 0DTE strategies on SPY and QQQ... both using credit spreads and iron condors! Thanks Man!
It’s been a year since your comment and I just started this strategy. How has it worked out for you?
@@chrisbarthol8032it definitely works, SPY is the best to use
Lo n behold COIN at $135 as of today😂
Trying to make sense of that $378 put on SPY. How is it making money?
AND the $409 call?!
Life saving 🤜🏿😊
What is the discord
Just cus you’re educated doesn’t mean you’re smart my guy
I want to trade like you Henry.
When I want to purchase a leap and then write a poor man's covered call. Can I just use a Delta 10 for the purchase or do I have to get a over 70 delta. What's the reason? Is it something the broker wouldn't allow? Just wondering because of course it's cheaper. Thanks brother keep up the good work 🤙
no way you can buy delta 10 for leap to get reasonable P/LL profile... look into your option table and see for yourself.
Lol every other finance RUclipsr has bragged about they didn’t take an FTX sponsorship; from the angry blonde dude to Josh on Trading Fraternity and so on. It’s like a badge of honor now. 😅
Unless its a covered call..but still need 100 shares of smthg
I dont really understand because i got the funds but it keeps telling me add more funds and it’s annoying i dont get it
How do you manage so many trades a day? Especially if there are trades you don't let expire on their own.
Please what is your discord ID
Is it possible for the broker to assign only one leg from a vertical put spread before the expiration? then you are left with only one leg out of 2 puts?
Yes,.. but they can only assign puts (or calls) you've sold. And it would only happen if they are in the money (ITM). There's no incentive for someone to pay the premium of an option to buy shares when they can just buy the shares directly without the premium.
The remaining put (or call) provides some protection for the shares you've been assigned.
If you don't have enough collateral in the account to finance the assigned option,,, they'll usually automatically exercise the remaining option.
An example,..
If you've got a bear call spread where you've sold a lower strike call and bought a higher strike one,..
and the shorted call goes in the money, you could wind up with 100 shares short.
If the stock goes up against the short shares, you can exercise the remaining call and buy them back for the log call strike price.
If the stock goes down after the shorted shares are assigned,... you can make extra money by buying back the shorted shares at a price lower than your long call. And then also sell the long call for whatever time premium is left on it.
The reverse is true for put spreads,.. where if you're shrt put is assigned, you get assign long shares.
If you don't have the collateral in either case,.. you'll probably first get a notice from your broker to remedy the collateral short fall asap or if you don't they'll exercise the remaining option after market close.
Btw,... never do ITM or near ITM call spreads on dividend paying stocks around ex -div date.
@@jcgoogle1808 TY... I had a vertical put spread buy 202.5 PUT and Sold a 200 PUT expiring Dec 09. On the 08 (Thursday) I was assigned the 200 PUT then Etrade regrouped all my Tesla spreads (I have more spreads on Tesla) in a weird way (because they said if not I would have owed them more money). I woke up, opened my account and I saw that I was - 20k or so and I had panic attack :) being new to this. I called them ( I also had a miss call from them) and I ended up exercising the 202.50 PUT since I had the 100 shares from being assigned and things went back to normal but I wonder what would have been if I let my 202.50 put to expire.. would they have exercised or let it expire worthless? The broker said they would have exercised it at expiration but I thought they will only do that if I call them to let them know that I want. I started doing spreads and I got them right 100% of the time - most of the time I do weekly call spreads ITM for a 5-10% return- I started doing it with 50$ to 400 per trade. Next week after CPI I will go 1000/trade. This kind of trades are very dangerous :) LOL When I trade stocks I don't get emotional but Last Thursday I didn't see straight for few minutes O_O. Thank you for the answer!
@@adriansand5890
"I woke up, opened my account and I saw that I was - 20k or so and I had panic attack :) being new to this."
LOL. Yep, been there,... The first time it scares the heck out of you. But the remaining option(s) covers you if needed.
You can wake up having shares short and/or long worth 10 times the money in the account. LOL
But I don't intentionally do that anymore. The brokers kind of frown on it.
Kids don't try this at home.
@@adriansand5890 better than my case. happen to amazon options for my case (before they split. oops, 100 share back then worth a huge fortune...) Did you got a hefty 1-day margin interest charge and broker fee charge to deal with that mess too... :( How deep in the money when your 200put get exercise?
I never take risk in deep ITM short position anymore. a lot of thing can really go REALLY wrong and cost a lot more money than accept this is a bad or wrong trade, close the spread at a loss and move on to find new opportunity rather than risking open spread and leave a big negative margin in your account.
@@benjapolcycling I don't remember how deep ITM it was but I remember calling the broker and I ended up closing the other leg. I think I made 35$ LOL but after that experience I gave up on spreads; at least in this market.
In all fairness all resources, products, and services, are only as valuable as someone is willing to pay. That's not only the case for crypto and gold.
I like how you are super conservative and consistent on your returns. I really like your trading style in this crazy volatile market
Do you have to own the stock for this strategy?
no
10:00
But you need collateral?? How much collateral??
Still you have to guess where the market headed before trading an option
We are seven minutes into the video and you haven’t done ANYTHING. You talk too fast and too much about nothing. Please, stop talking so much about yourself, your money, your Wall Street job, you degrees, and your discord and just GET TO THE POINT!!!
My style works for me. I don't want to rush and others like it. My analytics tell me that people enjoy my style. So if it doesn't work for you that is fine. I'm not going to change how I teach unless a lot more people have the same feedback. So you are going to have to deal with it or not watch
I love u Henry
Is call credit spread the same as bear put spread?
so this type of strategy you just let expire on its own to receive max profits ?
unless you have 100 share of stock or enough cash to cover as collateral , NEVER EVER let it expires. always buy back and just lock in profit when it's low enough to prevent market reversal turn your winner into loser. worse yet... an after-market option assignment...
@@benjapolcycling when you say buy back do you mean buy a call?
@@JohnnyMacs19 keyword is "buy to close".
Everyone answered you wrong, you do not need 100 shares when you do credit spreads. You sell a call for 230 let's say and buy a call for 170. $60 is instantly collected. But it has to expire to be able to keep it. Also, if it goes against you and you let it expire. Usually you lose 4-5 times at least what you collected, let's say $300. Basically you risk $300 to make 60, with 80% odds in your favor
Amazing 🤩
More videos about spreads plz. I need to start choosing longer expiration date like you, I usually have spreads with 1 expiration day on SPY.
Show us dte
Great vid
I don’t trade options however thanks for the education when you placed these trades your downside on the trades were questionable as the risk reward seemed very dangerous.
I would love to see more information to explain how big the losses could be in a worst case scenario.
Most companies' price action is mostly based on how much money is being printed by the central banks. It doesn't really matter if the company is making money or not in most cases a lot of the popular companies may not even pay a dividend, therefore they are all speculative trades.
Cryptocurrencies will rise when central banks cut interest rates and go nuclear with the money printing machine, they have already started however it's not where it needs to be yet.
Wait for the next major crisis or major scam, artificial or not, that the world swallows as the banksters continue to hurt the little guy robbing their purchasing power and giving it to the elites.
Dude you go way too fast. It's ok, I know it's on purpose.
Sure spreads are great but I cant qualify for them yet...so yeah
Coinbase to the moon! 🚀
Why the large gap between the sell and the buy calls? Why not keep them closer?
To make more money, with the bid/ask of buying and selling the calls it eats a lot of profits if going to close together.