If you're unsure about investing or need personalized guidance, consider consulting with a financial advisor or investment professional. They can provide tailored advice based on your individual needs and goals.
Usually it's risky trading the stock market even as an expert but then professional advice and guidance is always the best else losses become inevitable.
As a beginner, it's essential for you to have a mentor to keep you accountable, Muriel Daniel signals and prediction is awesome actually I was skeptical at first lol, until I decided to try.
I've been trading options, mostly selling calls & puts for about 6 months. Been making really decent juicy premiums$$$. Your videos are very informative, especially as I'm trying to master the basics such as stock selection, rolling, setting delta strategy (why/when), etc.
I love your videos man. You are just to the point. I lost 1m in spread trading with leverage. I love what you do. You are very honest and transparent. God Bless you bro.
Thanks, Henry for the detailed course, Very insightful! I have a question --> Suppose I own a stock with an average price of 100 and I sell a call option at 105, If the stock crashes at 80 or 70, I can't sell calls again at a 30% delta because the strike price for 30 delta would be somewhere around 85 or 90, which will mean I would be selling an underwater call which would lead to losses If I get assigned. How do I tackle that situation, Do I hold and wait till the stock moves back up near my average buy price before I start selling call options again Thanks
In this case, I would sell CC with strike price much OTM so that I can collect premium and avoid assignment. It’s better than waiting till stock comes back to 95 or 100.
Right on with this video..trying to understand this options stuff. I just bought my first options trade with SoFi watching your video over this thanksgiving weekend to Jan 17 expiration. If I don't get it by close to that date and need help in figuring out what to do I'm gonna try and reach out to you...Thanks for the tutoring!
Fantastic video thanks man! Can I just clarify, when choosing the bollinger band extremes for selling your puts/calls, do you wait for the price to be around the middle of the BB or closer to either side? Thank you!
Please make a video on how you choose a stock for wheel strategy as well as spread strategies? for example, how do you determine how much a stock is worth, when you're making a decision to sell options? Thank you very much
I have checked the AAL . The closest to the price options both put and call. Will make your 4$ while holding 1.3k. Not so much volume beyond those prices
Henry, I've been noticing that buying the stock and selling ATM calls is a bit better of an entry strategy when trading the wheel, any thoughts on this? Thanks a lot.
Thanks so much for all your effort and putting this together Henry! This was quite comprehensive and answered so many of my questions, including some I haven't been able to find good answers for since starting the wheel earlier this year (months ago, before finding your channel). One in particular was the one with adjusting for market conditions since we've been so bullish this year and I was wondering how to deal with the markets if/when it turns bearish. I'd read so many various "strategies" such as keeping 50% of the account in cash, inverse wheels, and so many other ones whereas your advice on really hammering down on good stock selection, finding things like beat down stocks, focusing on solid sectors, utilizing 85% of the account, how to roll these out even if they're below average cost, etc. were all such valuable pieces of advice. Thanks again and Happy Biirthday!
My only thing is you have to have a nice amount in your portfolio I truly see the math and how it works . My account will be where I need it to be to make this passive income keep posting content.
Thanks for the update! Just a question on a different topic: I have the OKX Wallet with USDT, and I have the seed phrase. (job priority warm lab border boil monkey manage palace fiber weird ask). Could you help me figure out how to move them to Binance?
Ah, the "consistent passive income" promise-always tempting! It’s funny how often "free" is followed by an invitation to buy into the next big strategy. It seems like the only thing passive in these offers is the income they’re trying to generate for themselves. If you dare respond, you could ask if the "free course" comes with a side of reality check, or maybe point out that “consistent” passive income is often the stuff of dreams for most traders, not the stuff of stable portfolios. After all, if it were that easy, we'd all be sitting on a beach somewhere!
Hey Henry, been watching and learning for about 3 months now. I'm watching Bitcoin just rip into all time highs, and after learning about Microstrategy's new game plan (mapped out in the most recent earnings call) I am VERY interested in just running the Wheel Strategy on MSTR. The trouble I see is that it is ripping up as well, because of their BTC position. My question; How do you choose a Strike Price on a stock that is near the high of it's Bollinger Bands? Should I just accumulate the 100 shares and go for covered calls until a pullback?
So if you’re buying and holding and you sell cc, how does this not work better than just holding and making nothing extra. Surely as common knowledge, something additional is always better than nothing additional.
@@AmeliaRago Greatest thing that has happened to me is knowing Franchesca I heard about Franchesca colton last year for the first time due to my friend telling me about her financial expert that helped her scale her investments and trading, after then my life has changed for good... God bless Franchesca
Been loosing so much but then I met Franchesca Colton, didn't believe at first but she Helped me flip my $3k to $15k in less than a week I don't take her platform for Granted. I'm so grateful to her.
is it fine if I open a long call and a short call in separate order tickets and treat it as a pmcc? I use ibkr mobile and thats the simplest way to reopen new short calls after the previous expires.
I prefer trading weekly because trading monthly can involve too many unforeseen events that may affect the stock. Weekly trading allows me to protect and position my trades without being locked in for long periods.
That is the way that I trade right now. Weekly control, and weekly profits. If I take a week off no worries.After I expand a little and gain more experience and knowledge I will gradually go 2 weeks, , I months and 3 months and still probably trade weekly / bi weekly.
If selling puts on the lower BB is a statistical edge, why sell puts instead of buying the underlyimg with a mechanical tske profit and stop loss strategy? Same with RSI and MA's.
When you went from $7k to $100k to $700k what exactly were you doing? You said tesla spreads but how much were the spreads and delta and were you expiration date and were you holding winners till expiration?
These strategies work but trust Me he was aggressively adding income to get to 700k don’t think you will go from 7k to 700k as quickly as he did without adding. His membership and courses also cost a lot of money more than the average person can afford so that helps to grow your account as well with these excellent strategies
@@Eddie-rt7yj I think he was going super crazy with risk doing big dollar at the money spreads in Tesla. He didn't have a successful channel and courses in 2020-2021
Video about hedging wheel properly? If short puts then long puts as hedge but poor man’s covered put as a hedge will have a capped loss while your puts are uncapped. So it may not hedge well. Back ratio?
Philly boy here! I might be doing something wrong because in a month I made 25% with the wheel strategy instead 3 or 4%. Can anyone share their % over a month?
if you roll a covered call to another out if the money you still loose money? i rolled a coverd call to 2 months from now i got paid 2k premium but shoes -6,000 on realized gain section?
hey man , my portfolio crossed a thosand today , i invested in palantir and bought call options (not sell because I don't have 100 stock) , and I lost money right after I bought the option , Is that normal ?
It's funny how so many people were sitting on cash thinking the market would crash soon and now with Trump elected it's booming again just shows time in market beats timing the market.
Success usually comes to those who are too busy looking for it. If you're willing to do business or become an investor then you will be rich.
If you're unsure about investing or need personalized guidance, consider consulting with a financial advisor or investment professional. They can provide tailored advice based on your individual needs and goals.
I would suggest holding, but there are better options like day trading, but trading gets risky and a lot of people loose funds to it.
Usually it's risky trading the stock market even as an expert but then professional advice and guidance is always the best else losses become inevitable.
As a beginner, it's essential for you to have a mentor to keep you accountable, Muriel Daniel signals and prediction is awesome actually I was skeptical at first lol, until I decided to try.
That's true, but the risks are minimal when you make those moves with the guidance of a professional. People still make huge ROI on a daily
Happy Birthday Henry. Best presentation of options yet!
Absolutely fantastic Henry. Thank you. You overdeliver every time.
Thanks again Henry for a great video your advice and knowledge has made me over a couple grand in this past two weeks since following you. Bravo!!
Love this video! I really enjoy all your videos. Thank you for what you do and trying to help others!
This video is absolute gold! If I could like it more than once, I certainly would. Thank you for all the amazing information.
Happy birthday Man!
Please long video on stock selection at values under 20 bucks!.
or when everything is over sold
Tsll
Lots of screeners out there for this…
Yes!! I don't have the capital yet to do covered calls on high value stocks. Would love to find some stocks around $20 to do covered calls on.
Look at CTRA, very good stock currently trading around $25 and upward monentum
Up 155% with the wheel and poor mans covered call. Thanks for getting me back in the game.
Happy birthday Henry 🎊 🎉🧇🎂
I've been trading options, mostly selling calls & puts for about 6 months. Been making really decent juicy premiums$$$. Your videos are very informative, especially as I'm trying to master the basics such as stock selection, rolling, setting delta strategy (why/when), etc.
Ultra helpful video. It filled in a lot of the gaps for me. Thank you.
Thanks for the Amazing educational video. Enjoying your free content
I love your videos man. You are just to the point. I lost 1m in spread trading with leverage. I love what you do. You are very honest and transparent. God Bless you bro.
The goat has posted
greatest of all time !
Happy Birthday, Henry!
awesome video! Happy Birthday!!!
Great video with lots of details. TY!
Happy Birthday! Learning a lot! Im a follower from the philippines
Happy Birthday!🎊🎁🎂
How nice of you
Please keep posting content. Love your channel.
Thanks, Henry for the detailed course, Very insightful!
I have a question --> Suppose I own a stock with an average price of 100 and I sell a call option at 105, If the stock crashes at 80 or 70, I can't sell calls again at a 30% delta because the strike price for 30 delta would be somewhere around 85 or 90, which will mean I would be selling an underwater call which would lead to losses If I get assigned.
How do I tackle that situation, Do I hold and wait till the stock moves back up near my average buy price before I start selling call options again
Thanks
In this case, I would sell CC with strike price much OTM so that I can collect premium and avoid assignment. It’s better than waiting till stock comes back to 95 or 100.
Great video ! Thank you.
Really need a video in stock selection for wheel and the tools to use for selecting the stock
Right on with this video..trying to understand this options stuff. I just bought my first options trade with SoFi watching your video over this thanksgiving weekend to Jan 17 expiration. If I don't get it by close to that date and need help in figuring out what to do I'm gonna try and reach out to you...Thanks for the tutoring!
Hi Henry
Thank you for sharing your knowledge.
When do you usually roll your covered calls? timewise.
Thanks for sharing this Henry
Thanks for sharing this, Henry. Extremely helpful!
Thanks for this video, recently got started with this strategy so this was very informative, please keep covering this, Thanks!
HENRY, no words to praise you man , you are awesome just chilling words like trump by heart .
Best teacher on the web for sure. What do you think of BA to bring into the wheel house?
Great video uncle Henry !
Great video! I have learned a lot from you recently.
Loving the daily content
Great content. Would love to see you make the video about risk management
Great video, thank you, Henry.
You said that the article you read was when you were at Sachs. The article you are showing says March 2023- no biggie - just wondering which is which
Awesome info
Good night, I will continue tomorrow morning the first thing !
Happy birthday man🎉
Did you sell that Covvered Call on TSLA at $275 12/20 I think it was? That is deep in the money now. What is your strategy for a CC deep in the money?
Great Vid! Thx. Please drop a video for risk mgmt. Thx Sir!
I think 30 60 90 MAs are for stocks which trade every day and 20 50 and 100 are for those which trade until Friday only. Just a guess. 44:35
Thanks for the video. BTW, it’s stock selection noun ,not stock selecting.
Great content thanks for sharing; stock screening would very helpful. Happy birthday!
Thanks for watching!
thanks a lot. very well presented
Fantastic video thanks man! Can I just clarify, when choosing the bollinger band extremes for selling your puts/calls, do you wait for the price to be around the middle of the BB or closer to either side? Thank you!
Great video!
This was rad😂
Please make a video on how you choose a stock for wheel strategy as well as spread strategies? for example, how do you determine how much a stock is worth, when you're making a decision to sell options? Thank you very much
I have checked the AAL .
The closest to the price options both put and call. Will make your 4$ while holding 1.3k.
Not so much volume beyond those prices
Henry, I've been noticing that buying the stock and selling ATM calls is a bit better of an entry strategy when trading the wheel, any thoughts on this? Thanks a lot.
We need a transcribe for this video!!! Need to take notes and write it down.
I am interested in your one on one coaching what’s required?
Its so valuable
Thanks so much for all your effort and putting this together Henry! This was quite comprehensive and answered so many of my questions, including some I haven't been able to find good answers for since starting the wheel earlier this year (months ago, before finding your channel). One in particular was the one with adjusting for market conditions since we've been so bullish this year and I was wondering how to deal with the markets if/when it turns bearish. I'd read so many various "strategies" such as keeping 50% of the account in cash, inverse wheels, and so many other ones whereas your advice on really hammering down on good stock selection, finding things like beat down stocks, focusing on solid sectors, utilizing 85% of the account, how to roll these out even if they're below average cost, etc. were all such valuable pieces of advice. Thanks again and Happy Biirthday!
My only thing is you have to have a nice amount in your portfolio I truly see the math and how it works . My account will be where I need it to be to make this passive income keep posting content.
Thanks for the update! Just a question on a different topic: I have the OKX Wallet with USDT, and I have the seed phrase. (job priority warm lab border boil monkey manage palace fiber weird ask). Could you help me figure out how to move them to Binance?
I’m super interested in 1on1!
yay, no blurry video! ;)
Yes your video on stock selection will get more views then any other video you make.
Ah, the "consistent passive income" promise-always tempting! It’s funny how often "free" is followed by an invitation to buy into the next big strategy. It seems like the only thing passive in these offers is the income they’re trying to generate for themselves. If you dare respond, you could ask if the "free course" comes with a side of reality check, or maybe point out that “consistent” passive income is often the stuff of dreams for most traders, not the stuff of stable portfolios. After all, if it were that easy, we'd all be sitting on a beach somewhere!
Hey Henry, been watching and learning for about 3 months now. I'm watching Bitcoin just rip into all time highs, and after learning about Microstrategy's new game plan (mapped out in the most recent earnings call) I am VERY interested in just running the Wheel Strategy on MSTR. The trouble I see is that it is ripping up as well, because of their BTC position. My question; How do you choose a Strike Price on a stock that is near the high of it's Bollinger Bands? Should I just accumulate the 100 shares and go for covered calls until a pullback?
in your opinion what would be the best strategy for profits . of all option strategies ?
Stock selection please. Thanks
For growth stocks, wheel strategy significantly underperforms simple Buy and Hold. This is common knowledge.
So if you’re buying and holding and you sell cc, how does this not work better than just holding and making nothing extra. Surely as common knowledge, something additional is always better than nothing additional.
Can you cover risk management in more detail given what you share with your students? I.e. risk 2-3 % and a max to 5% to fix?
Dale henry 👍🚀
Can you wheel index etfs like SPY or QQQ?
Yes but since they’re expensive stocks you’d need 50k ish in collateral per trade
I am confused on strike prize and premium collecting on both.
How do we get a coaching discussion?
The first one 🎉
What's the best strategy to succeed for someone with more or less than $13k??
Almost gave up due to constant losses but Franchesca PV Colton turned my life around
My monthly yield with Franchesca is crazy high! I finally quit my 9-5
@@AmeliaRago Greatest thing that has happened to me is knowing Franchesca I heard about Franchesca colton last year for the first time due to my friend telling me about her financial expert that helped her scale her investments and trading, after then my life has changed for good... God bless Franchesca
Leveraging market changes is a remarkable talent Franchesca has trust me
Been loosing so much but then I met Franchesca Colton, didn't believe at first but she Helped me flip my $3k to $15k in less than a week I don't take her platform for Granted. I'm so grateful to her.
CAn you make also a video for earnings? How to manage? Because the stock can go up or down.
is it fine if I open a long call and a short call in separate order tickets and treat it as a pmcc? I use ibkr mobile and thats the simplest way to reopen new short calls after the previous expires.
I prefer trading weekly because trading monthly can involve too many unforeseen events that may affect the stock. Weekly trading allows me to protect and position my trades without being locked in for long periods.
That is the way that I trade right now. Weekly control, and weekly profits. If I take a week off no worries.After I expand a little and gain more experience and knowledge I will gradually go 2 weeks, , I months and 3 months and still probably trade weekly / bi weekly.
What about STCGT?
If selling puts on the lower BB is a statistical edge, why sell puts instead of buying the underlyimg with a mechanical tske profit and stop loss strategy? Same with RSI and MA's.
Would Love a stock selection posts
Teach me your ways
When you went from $7k to $100k to $700k what exactly were you doing? You said tesla spreads but how much were the spreads and delta and were you expiration date and were you holding winners till expiration?
These strategies work but trust
Me he was aggressively adding income to get to 700k don’t think you will go from 7k to 700k as quickly as he did without adding. His membership and courses also cost a lot of money more than the average person can afford so that helps to grow your account as well with these excellent strategies
His videos are also very informative he’s a good teacher
@@Eddie-rt7yj I think he was going super crazy with risk doing big dollar at the money spreads in Tesla. He didn't have a successful channel and courses in 2020-2021
The student says he trades in TD Ameritrade. That was acquired by Schwab in 2019, and completely dissipated in mid-late 2023.
Can you talk about taxes and or declaring yourself as a business? Can you make a business out of being a trader?
I joined your email list, but didn't receive the recording.
stock selection plz
Do your research
Video about hedging wheel properly?
If short puts then long puts as hedge but poor man’s covered put as a hedge will have a capped loss while your puts are uncapped. So it may not hedge well.
Back ratio?
How do I get in the discord?
I want to join your discount
If covered call makes more money then stock, why SPY Covered call ETF (QYLD) is under-performing SPY ETF please
Philly boy here! I might be doing something wrong because in a month I made 25% with the wheel strategy instead 3 or 4%. Can anyone share their % over a month?
Can anybody tell me , which app should be best for wheel strategy for options trading in CANADA ?
Interactive Brokers is a good one to use in Canada.
if you roll a covered call to another out if the money you still loose money? i rolled a coverd call to 2 months from now i got paid 2k premium but shoes -6,000 on realized gain section?
Yes. Rolling a trade is the same as closing your existing trade for a realized loss and opening a new trade.
I have a question why are you using 365 days when there are only 252 days of trading in a year when we remove weekends and holidays?
Because options are priced at 365 and theta decay occurs on weekends and holidays
@@AndrewMcMorrowexactly, many don’t know this, that’s why Fridays and Mondays are so crazy in volume trading.
Thanks 👍
Fj❤
Run the wheel
Don’t be afraid to get assigned
Watch ur deltas strikes and dates
Easy peast
hey man , my portfolio crossed a thosand today , i invested in palantir and bought call options (not sell because I don't have 100 stock) , and I lost money right after I bought the option , Is that normal ?
he doesn't buy options, buying options has a lot more risk than selling, if you dont know what youre doing
@ but selling puts requires 100 stock ownership
@@Akhil_Anchooriselling cash secured puts requires collateral to cover the put in the event your are assigned.
@@Akhil_Anchooriwhich call strike and expiration date did you choose
You’re not a bot right?
It's funny how so many people were sitting on cash thinking the market would crash soon and now with Trump elected it's booming again just shows time in market beats timing the market.
Time for another Tesla example video
How do i join discord?
in description