I have been doing weekly put credit spreads and I was getting bored with making a small return every week until I watched this video. It’s good to be reminded that small consistent returns is the key to gaining wealth and building your account . Thanks Uncle Henry!!!
believe me i wish if i saw the vid 2 days ago just lost 4200$ on iron condor because i decided to go 2$ up and down from the current stock price lol but that came after 8k gian in 2 month using credit spread but it still hurt
Thanks for the training, after following your strategy I am making money every week not loosing my options are 2 days I close my option and I start again. Love in it.
Henry, in my experience, your maximum loss is not necessarily limited by the difference in strikes minus credit. If you try to close out the position, instead of allowing it to go through exercise, you may have to sacrifice a little more money just to get it to close. Also, what are your thoughts on adding a calendar spread to one leg of a condor? You can make even more money if the stock rises close to the strike.
There is an extreme danger in PINS risk that I think you absolutely need to make a video on explaining to your audience....it would be extreme negligence not to.
One piece of advice for people with tsla, make sure you do your homework on potential catalysts as Tesla is known for moving fast and hard in any given week. This year has been great for IC’s I use them all the time and love them, but factories opening and record quarters, new announcements etc can shoot the stock 15 % in a few days. Have a roll plan or exit strategy in case of these and keep informed. For instance 760 for 10th sept is good premium but Tesla can run there easily as it’s like a coiled spring right now. Already this week we are at 730, 2 days into week on 31st aug. 750 is a resistance and then not much else until 780. Great video Henry, thanks for sharing.
I've got a question uncle Henry. Where did you learn to invest in stocks and trade in options? Did you follow a certain course, read a lot of books or something else?
I have a finance, economics and analytics degree, 3 Wall Street jobs and mainly 8 years of experience with this stuff. You should join the academy so I can coach you :D
Using think or swim they have stop loss orders for spreads but the commissions can be expensive and add up. So how do you cut your losses with robinhood trading spreads??
With doing the spreads I understand the great potential, my question is, when you have the spread what happens if someone exercises the sell option prior to you getting out of your position (such as prior to the expiration date), Thanks In advance!
You sell the shares right away to limit the loss or if its already too late, you exercise the option that you bought one leg higher (or lower on the put spread) as the insurance policy.
Hi Henry. One thing that was not clear to me from your video is, do you close your positions at a certain profit level or do you squeeze all the premium off of them? Most traders close spreads and iron condors at 50%. Just wondering how you handle that.
What do you do if there’s a black swan event such as 2008 or like last year when breakers were going off because the market was crashing? Do you close everything and stay out? Or continue doing what you do?
@@mr.mysterious7940 I'd really recommend you joining our group because this would be a great question there. It's tough for me to give full responses in RUclips comments while I manage that group. I think you would like it :) message ben@investwithhenry.com for a free call
@@InvestwithHenry That sounds interesting, I’ll be sure to check it out. It might also be a good idea for a future video of your’s. Because I often wonder what one would do if something happens overnight and tomorrow the circuit breakers are going off as well as the next day…etc. Maybe give a glimpse of what you did last year when it all crashed. Of course a month or two later everything rebounded in a very big way, but no one could have known that would happen. What was your mentality? Etc..
Hello my question is how do I close out a Iron Condor .do I let it expire , what if someone exercise one short leg am I going to be assigned to purchase 100 shares or deliver 100 shares, , even if the long leg doesn’t get pierced, how do I close the condor
I believe this nightmare happened to me on AMD - you need to buy the 2 sell legs to close first - if they system will not close all 4 - then you sell to close your 2 calls right after
Personally, I set a buy-to-close order at 33% of max profit for all 4 legs at once. Mitigates against that mess. The likelihood of assignment is almost nothing (unless trading TSLA), and can be reduced to absolutely nothing if you kill the entire position before expiration.
@@thefrankperspective4247 I’ve been doing well with most of this learning and such - what platform are you using ?? Hoping to capitalize on a wonderful iron condor today with Amazon which has been trading sideways for a while
For the NVDA call spread example, if the spread goes in the money and is exercised, would I need ~$24,000 in my account to buy 100 shares of the stock before selling it at the lower amount? How does that aspect of things work?
I did a call vertical spread (credit) and sold a call and bought a call, that's it. The stock I got into went down and I made quite a bit of money. I thought calls were meant for bullish stocks. Any how, it's making me money so I'm using it if it makes money when the stock is going down.
My bad, Henry. I understand. You explained it well and I see that that's exactly what I've been doing. The lower the stock goes, I've been seeing bigger and bigger gains.
Iron Condor, example of this video, max loss is $432, do we lose that money if the price doesn't stay in the price range of 619.32 to 760.68? and if the price do stay in between, we collect premium and that 432 come back to us? is the 432 is kind of collateral? anyone? thanks
Hey Henry, love your content and everything you are doing! Just one question: Do you find call spreads are lowering risk (then put spreads) over a long period of time? The reason I ask is because one large market correction could trigger max loss on multiple put spread position but it seems more unlikely that the entire broad market would rally enough to put a large number of call spreads in the red.
Looking at the Nvidia spread, couldn’t you sell 2 spreads with 2.50 strike difference and have it be a 500 dollar trade, and have more return? Am I missing something?
@@juliapharmd6671 Definitely, he’s one of the few “RUclips” guys that is actually a teacher and truly cares more about teaching knowledge than just making money.
After watching this fabulous video, i have tried on the credit spread via TOS, setup 8 trades on TSLA, NVDA, etc but all were never filled .. what can be wrong?
Be careful trading this style. If you make 10 trades a week with a premium similar to the nvda example, and lose just one trade. Your negative for the week. His Tesla iron condor example got above his strike the day before and day of expiration, but didn't close above. Be careful. I like selling spreads as well but not less than 20% of risk. Made much more money selling cash secured puts.
Some people, like Henry, won't even teach you MACD without requiring you to buy their course... All his video do is barg how much money he made, But will never show you the logic behind it.
Stop helping me make $$$$$$$. Now I have too much money and I don't know what to do with it... My bed smells too fresh of Benjamins. :P Thank you for your great content.
Thanks. The goal is to get only the best and I'm focused on results. Maybe for you it's not worth it buying but with someone that has a long-term mindset my Discord is a great investment and I give it a lot of personal attention.
I'm sorry for the audio cut off of 45 seconds. New editor came and made a mistake
If you didnt say anything, i would think you gave us 45 secs to look at the different images
I have been doing weekly put credit spreads and I was getting bored with making a small return every week until I watched this video. It’s good to be reminded that small consistent returns is the key to gaining wealth and building your account . Thanks Uncle Henry!!!
for sure 100%
believe me i wish if i saw the vid 2 days ago just lost 4200$ on iron condor because i decided to go 2$ up and down from the current stock price lol but that came after 8k gian in 2 month using credit spread but it still hurt
It would be amazing if you can show the video of closing the call credit spreads and iron condor trades.
Thanks for the training, after following your strategy I am making money every week not loosing my options are 2 days I close my option and I start again. Love in it.
Henry, in my experience, your maximum loss is not necessarily limited by the difference in strikes minus credit.
If you try to close out the position, instead of allowing it to go through exercise, you may have to sacrifice a little more money just to get it to close.
Also, what are your thoughts on adding a calendar spread to one leg of a condor? You can make even more money if the stock rises close to the strike.
new here, do you let everything to expired? or you have to sell before expiration?
Hi Henry,
Great video like always.
Do you need to close the contracts before expiration or you let them expire?
Nope
I’m taking this as a (nope to close and) YES … let them expire
There is an extreme danger in PINS risk that I think you absolutely need to make a video on explaining to your audience....it would be extreme negligence not to.
One piece of advice for people with tsla, make sure you do your homework on potential catalysts as Tesla is known for moving fast and hard in any given week. This year has been great for IC’s I use them all the time and love them, but factories opening and record quarters, new announcements etc can shoot the stock 15 % in a few days. Have a roll plan or exit strategy in case of these and keep informed. For instance 760 for 10th sept is good premium but Tesla can run there easily as it’s like a coiled spring right now. Already this week we are at 730, 2 days into week on 31st aug. 750 is a resistance and then not much else until 780. Great video Henry, thanks for sharing.
yes been burnt by that b4 with them
Glad you are feeling better! Great vids Henry, thx.
Thank for the video Henry! Excellent way to bring up a small portfolio or keep a constant cashflow!
What if the stock goes to 240 ? Above your short leg and below your long leg? Could you get assigned? Thanks
I've got a question uncle Henry. Where did you learn to invest in stocks and trade in options? Did you follow a certain course, read a lot of books or something else?
I have a finance, economics and analytics degree, 3 Wall Street jobs and mainly 8 years of experience with this stuff. You should join the academy so I can coach you :D
So do you get assigned the 100 shares if the price hits between ur long or short?
how do you close a position or collect the premium? do you have any videos on that?
Using think or swim they have stop loss orders for spreads but the commissions can be expensive and add up. So how do you cut your losses with robinhood trading spreads??
With doing the spreads I understand the great potential, my question is, when you have the spread what happens if someone exercises the sell option prior to you getting out of your position (such as prior to the expiration date),
Thanks In advance!
You sell the shares right away to limit the loss or if its already too late, you exercise the option that you bought one leg higher (or lower on the put spread) as the insurance policy.
Hi Henry. One thing that was not clear to me from your video is, do you close your positions at a certain profit level or do you squeeze all the premium off of them? Most traders close spreads and iron condors at 50%. Just wondering how you handle that.
What do you do if there’s a black swan event such as 2008 or like last year when breakers were going off because the market was crashing? Do you close everything and stay out? Or continue doing what you do?
Depends
@@InvestwithHenry ?
@@mr.mysterious7940 I'd really recommend you joining our group because this would be a great question there. It's tough for me to give full responses in RUclips comments while I manage that group. I think you would like it :)
message ben@investwithhenry.com for a free call
@@InvestwithHenry That sounds interesting, I’ll be sure to check it out. It might also be a good idea for a future video of your’s. Because I often wonder what one would do if something happens overnight and tomorrow the circuit breakers are going off as well as the next day…etc.
Maybe give a glimpse of what you did last year when it all crashed. Of course a month or two later everything rebounded in a very big way, but no one could have known that would happen. What was your mentality? Etc..
IV percentile is important. TSLA IVP is usually low so it is better to go further out in time to reduce gamma risk. I prefer monthlies than weeklies.
Love trading ICs and Put Spreads. I am challenging myself by having a $500 Robinhood account and see where I can take it by years end.
Hello my question is how do I close out a Iron Condor .do I let it expire , what if someone exercise one short leg am I going to be assigned to purchase 100 shares or deliver 100 shares, , even if the long leg doesn’t get pierced, how do I close the condor
Henry, how do you defend against getting the short leg of the iron condor strategy from being assigned?
D̤̫ o̤̫ w̤̫ e̤̫ l̤̫ l̤̫ t̤̫ o̤̫ c̤̫ h̤̫ e̤̫ c̤̫ k̤̫ T̤̫ y̤̫ l̤̫ e̤̫ r̤̫ B̤̫ a̤̫ r̤̫ n̤̫ i̤̫ e̤̫ o̤̫ n̤̫ h̤̫ o̤̫ w̤̫ t̤̫ o̤̫ e̤̫ a̤̫ r̤̫ n̤̫ p̤̫ r̤̫ o̤̫ f̤̫ i̤̫ t̤̫ s̤̫ i̤̫ n̤̫ c̤̫ r̤̫ y̤̫ p̤̫ t̤̫ o̤̫ (̤̫ B̤̫ T̤̫ C̤̫ /̤̫ E̤̫ T̤̫ H̤̫ )̤̫ e̤̫ .̤̫ t̤̫ .̤̫ c̤̫ t̤̫ r̤̫ a̤̫ d̤̫ i̤̫ n̤̫ g̤̫ .̤̫ .̤̫ .̤̫+❶❾❹⓿❸⓿❶❾⓿❸❷
I believe this nightmare happened to me on AMD - you need to buy the 2 sell legs to close first - if they system will not close all 4 - then you sell to close your 2 calls right after
Personally, I set a buy-to-close order at 33% of max profit for all 4 legs at once. Mitigates against that mess. The likelihood of assignment is almost nothing (unless trading TSLA), and can be reduced to absolutely nothing if you kill the entire position before expiration.
@@thefrankperspective4247 I’ve been doing well with most of this learning and such - what platform are you using ?? Hoping to capitalize on a wonderful iron condor today with Amazon which has been trading sideways for a while
Td AMERITRADE approved me margin but wouldn’t approve me to trade spreads. RH execution is too slow. What do you do to fill your orders faster?
Thank you for your service. I enjoy your videos. Very helpful.
For the NVDA call spread example, if the spread goes in the money and is exercised, would I need ~$24,000 in my account to buy 100 shares of the stock before selling it at the lower amount? How does that aspect of things work?
I did a call vertical spread (credit) and sold a call and bought a call, that's it. The stock I got into went down and I made quite a bit of money. I thought calls were meant for bullish stocks. Any how, it's making me money so I'm using it if it makes money when the stock is going down.
My bad, Henry. I understand. You explained it well and I see that that's exactly what I've been doing. The lower the stock goes, I've been seeing bigger and bigger gains.
Does gama matter on weekly credit spreads ?
love these options videos!! just bought acash covered put on SPCE yesterday cant wait till friday!!
Henry: Stupid Rich!
Me: who is also here waiting for Henry to say “Stupid Rich"?(I burst out laughing)
Hahah I'm glad I'm making you stupid rich and laugh
How do you know when to exit? Do you wait for expiration? How do you exit?
Are weekly or monthly spreads better ?
Iron Condor, example of this video, max loss is $432, do we lose that money if the price doesn't stay in the price range of 619.32 to 760.68? and if the price do stay in between, we collect premium and that 432 come back to us? is the 432 is kind of collateral? anyone? thanks
Hey Henry, love your content and everything you are doing! Just one question: Do you find call spreads are lowering risk (then put spreads) over a long period of time? The reason I ask is because one large market correction could trigger max loss on multiple put spread position but it seems more unlikely that the entire broad market would rally enough to put a large number of call spreads in the red.
That's a long question. You should join our group this would be a good question to ask.
@@InvestwithHenry Where can I check it out?
@@FunnyVidzz97 Well it's the first link or you can email ben@investwithhenry.com
@@InvestwithHenry this is a greedy person. Stay away.
do you mind telling me what brokerage platform you are using to trade options? Thanks
He's showing us Robinhood.
how do you decide on the delta that you want to sell?
It depends on a lot. Very difficult to explain in a youtube comment
Can you show how to do spreads on TD Ameritrade ? They are so hard and they call them something different . Thx G.P.
Awesome video again Henry!
Can I know what platform you were using in the video? Been struggling to find something similar..
Thanks a lot!
He's showing us Robinhood.
I see you focus on Spreads, but no mention of debit spreads, when the loss is contained and the rewards greater?
Looking at the Nvidia spread, couldn’t you sell 2 spreads with 2.50 strike difference and have it be a 500 dollar trade, and have more return? Am I missing something?
About the same
Try to find a spread price that suits you (percentage risk and amount profits), then scale up 2X, 3X, 4X, etc...
Thank you Henry! Your teaching has help me make Stooooopid 💰!
Would you recommend his coaching group?
@@juliapharmd6671 Definitely, he’s one of the few “RUclips” guys that is actually a teacher and truly cares more about teaching knowledge than just making money.
@@HoovaD1982 Appreciate your input! Looking to join the group soon :)
After watching this fabulous video, i have tried on the credit spread via TOS, setup 8 trades on TSLA, NVDA, etc but all were never filled .. what can be wrong?
Hmm not sure
Default was probably filling at the mid. Look at the bid/ask, and try to get a fill closer to the bid
I always new selling premium was better thanks for the video !
Is selling iron condor good when you pay 2$ commision for every option you buy ro cell ?
An iron condor is 4 trades = 8$. Using Robinhood (as shown and if available) would = 0.
@@bruvaman80 4 trades to open and 4 trades to close = 16$, is iron condor still relevant ?(no robinhood in my country)
Seems like the audio cut out a couple times during the video :(
Yes I messed up by having the microphone in my shirt. Learned from the mistake!
How to join ur stock options trading academy?
send ben@investwithhenry.com an email
Good luck on that TSLA spread. It's moving $10-$15 up a day. I'm worried my 780/785 will get breached and that's $20 farther out than you.
D̤̫ o̤̫ w̤̫ e̤̫ l̤̫ l̤̫ t̤̫ o̤̫ c̤̫ h̤̫ e̤̫ c̤̫ k̤̫ T̤̫ y̤̫ l̤̫ e̤̫ r̤̫ B̤̫ a̤̫ r̤̫ n̤̫ i̤̫ e̤̫ o̤̫ n̤̫ h̤̫ o̤̫ w̤̫ t̤̫ o̤̫ e̤̫ a̤̫ r̤̫ n̤̫ p̤̫ r̤̫ o̤̫ f̤̫ i̤̫ t̤̫ s̤̫ i̤̫ n̤̫ c̤̫ r̤̫ y̤̫ p̤̫ t̤̫ o̤̫ (̤̫ B̤̫ T̤̫ C̤̫ /̤̫ E̤̫ T̤̫ H̤̫ )̤̫ e̤̫ .̤̫ t̤̫ .̤̫ c̤̫ t̤̫ r̤̫ a̤̫ d̤̫ i̤̫ n̤̫ g̤̫ .̤̫ .̤̫ .̤̫+❶❾❹⓿❸⓿❶❾⓿❸❷
Awesome vid Henry
Hey Henry video volume cuts off when you show tesla spread
Not gonna happen again
Thanks Henry
What happens if one of your legs exercises.
I think there was missing audio around 3 minute mark.
D̤̫ o̤̫ w̤̫ e̤̫ l̤̫ l̤̫ t̤̫ o̤̫ c̤̫ h̤̫ e̤̫ c̤̫ k̤̫ T̤̫ y̤̫ l̤̫ e̤̫ r̤̫ B̤̫ a̤̫ r̤̫ n̤̫ i̤̫ e̤̫ o̤̫ n̤̫ h̤̫ o̤̫ w̤̫ t̤̫ o̤̫ e̤̫ a̤̫ r̤̫ n̤̫ p̤̫ r̤̫ o̤̫ f̤̫ i̤̫ t̤̫ s̤̫ i̤̫ n̤̫ c̤̫ r̤̫ y̤̫ p̤̫ t̤̫ o̤̫ (̤̫ B̤̫ T̤̫ C̤̫ /̤̫ E̤̫ T̤̫ H̤̫ )̤̫ e̤̫ .̤̫ t̤̫ .̤̫ c̤̫ t̤̫ r̤̫ a̤̫ d̤̫ i̤̫ n̤̫ g̤̫ .̤̫ .̤̫ .̤̫+❶❾❹⓿❸⓿❶❾⓿❸❷
Very informative video
What do you consider “small portfolios”? Great vids by the way
Depends
How do we follow you with full time job
I have easy signals to follow. Conta t Ben@investwithhenry.com
Any chance for a “My 5 Biggest Losers of 2021” video?
Good idea
Did something happen to your video sound?
Mistake not gonna happen again
Hey Henry, idk if you’re aware but there’s about 90 seconds towards the beginning where your audio cuts out in the video
Yessir, my mistake!
Be careful trading this style. If you make 10 trades a week with a premium similar to the nvda example, and lose just one trade. Your negative for the week. His Tesla iron condor example got above his strike the day before and day of expiration, but didn't close above. Be careful. I like selling spreads as well but not less than 20% of risk. Made much more money selling cash secured puts.
Some people, like Henry, won't even teach you MACD without requiring you to buy their course... All his video do is barg how much money he made, But will never show you the logic behind it.
Stop helping me make $$$$$$$. Now I have too much money and I don't know what to do with it... My bed smells too fresh of Benjamins. :P Thank you for your great content.
Hahaha
i sent you an IG message hope to hear from you!
Biggest ripoff ever 8k to join his program lmao
Thanks. The goal is to get only the best and I'm focused on results. Maybe for you it's not worth it buying but with someone that has a long-term mindset my Discord is a great investment and I give it a lot of personal attention.