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SELLING OPTIONS FOR INCOME / $1,500 A WEEK

Johannes R. Bartl 205 views

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This is all good until the stock price tanked and you can’t sell too much for covered calls You might need years to recover or maybe never able to
Comment from : @skyzhangty1

you look like amanda cernis BF :O
Comment from : @soshfin6324

Options selling is like picking up nickels in front of a steamroller!
Comment from : @UncleBuck560

:D clown
Comment from : @juubes5557

Wow this is Old but gold Great insights and ideas this is, thats why trading is best and profitable when you have good guidance like mine
Comment from : @KyleGriffins

I Hit 12k today trading Started last month 2024 Financial education is indeed required for more than 70 of the society in the country as very few are literate on the subject thanks to Louise O'Brien for helping me achieve this
Comment from : @Desareegresz

High quality video content! I have another question: someone transferred me some usdt and I have recovery phrases 【pride】-【pole】-【obtain】-【together】-【second】-【when】-【future】-【mask】-【review】-【nature】-【potato】-【bulb】 How can I monetize them?
Comment from : @PatriciaHall-t9o

Wrong, selling a put the buyer can at any time sell you 100 shares You will have to buy them Very important
Comment from : @phildani4777

Great simple explanation
Comment from : @chrisgaldo

Idk what collateral you're talking about, I just bought and sold contracts for a profit without ever having the cash to execute such a contract
Comment from : @willyanthem9694

didn't he lose 6 dollars per 700 shares when he was forced to by 700 shares at $54 when the stock price was $48? thats $4,200 for a total weekly loss of 3K
Comment from : @chuckcash23

Best to trade options with 10-20 or less of your entire portfolio at any one time and always be ready to buy back calls or puts that seem to be going the wrong way
Comment from : @jakejennings5152

High volatility pays high premiums for a reason Recently you could have sold a shitload of $3 strike cash secured puts on SAVE and made more money in premiums on the long puts options that you would’ve risked, but the spread was very wide, the volatility really high and there’s still risk the company goes bankrupt and you lose all the money you risked and most the premium too if it did
Comment from : @jakejennings5152

Every family has that one person who will break the family financial struggle I hope you become the one 😏
Comment from : @GarshcaMendy

I watched this guy as a doctor, engineer and other professions right?
Comment from : @lt9357

Wheeling options is a bullish strategy, it falls short when the stock goes down and you get assigned multiple times
Comment from : @user47362

hold on, so on the second week he actually lost 25k he also needed to spend 378k to buy the stocks, needs to include that
Comment from : @jonathanmeza5807

I Hit 110k today Thank you for all the knowledge and nuggets you had thrown my way over the last months Started last month 2024 Financial education is indeed required for more than 70 of the society in the country as very few are literate on the subject thanks to Karen Preston for helping me achieve this
Comment from : @AmandaBrookes0908

Keep away from selling options Way too risky and much better to risk the premium, buy put/call and risk loss of premium His math is devious
Comment from : @siddean2805

I think it’s better to buy than sell options
Comment from : @PMLofficially

Guy hit the jackpot (cerny OF) 2 yrs back and stop making videos 😂
Comment from : @KnowledgeCurse

LMAO so you sold a bad put and got trapped 8 bucks ITM?
Comment from : @giuseppeverdi8284

If I'm following you correctly You start out with $1k in your account but your account value would need to be in excess of the collateral reserves requirement So, the 7 PUT contracts that were sold which your account would have needed to be at least $37,800 (the cost of 700 shares at $54 per share) Am I am missing something???
Comment from : @hedwards4599

I read on CNBC about someone who is netting $20k a month from just his tradings in the market, which is from capital he had amassed long ago That is incredible How do people do that?
Comment from : @alexstevenm6414

Just made $12 on a PUT and i feel like my life changed😐
Comment from : @parlaygodshateme2268

If you get assigned 700 shares at $54 don’t you have to have like $37000 to get those shares?
Comment from : @erock33

How do you sell the option - if you don’t own it? I understand how to purchase a call option but I don’t understand how to “sell options”
Comment from : @sonioproserpi7812

Confused 😢
Comment from : @Cosmos-hn5hk

I wouldn't buy a hundred shares of a stock that I don't want to own outright Riot is not the greatest stock to be possibly stuck with
Comment from : @RonaldReagan1986

This is all great but don’t you need like 40,000 dollars to even do this strategy for the riot trade? Lol I don’t have that money to get the premium
Comment from : @lighter86AJH

I just stared selling options 6mo ago I just don’t know why it took me 9 years before doing this smh
Comment from : @daimu7971

been selling options for 6 months now, and averaging $1400/week There have been times when I've been stuck deep in the money and had to roll over positions However, things usually sorted out and its the safest way to make money The only thing that hurts is the high tax on short term capital gains
Comment from : @smahadiL_

Have you considered trading options on seven different stocks instead of seven contracts on one stock? That way, if you are assigned on any of them and the value drops too low to sell covered calls on, you can wait until they recover and still trade the others
Comment from : @LMF-ct4lt

The stock never traded above $54 since he posted this video Also, since the stock was consistently far below his average cost, he likely could not sell covered calls to further lower the cost base As such, he is either still holding the stock (at a huge loss) or sold at a loss This is a classic example of how not to trade the wheel Stick with solid stocks you believe in
Comment from : @michaell3134

That's a 4 return right ??brIsn't that special
Comment from : @danieladum1343

No mention of the $37,800 it took to buy 700 shares of RIOT though You could have made $15,000 / week if only you had an extra $378,000 in collateral
Comment from : @praxl

very confusing trying to understand both but explanations go to fast
Comment from : @MrChungli

You would need a lot of money
Comment from : @zeon3d755

Great information
Comment from : @fatbelly3385

If you interesting in making big money, you should start to digging trading just right now
Comment from : @SizalehZarmikhalin

Your strategy worksThank you for showing it
Comment from : @GemaPitt

Yeah it is great but until it goes against you I strongly recommend you sell vertical spreads instead, it controls the max loss and you already know how much you will earn anticipated Risk control 110, good video tho
Comment from : @fdc4productions54

I buy the Call/Put first at low and sell high before Exp so I don't have to have any collateral
Comment from : @marierie888

If stock price keep falling, you will be a bag holder You need to make sure sell your stocks
Comment from : @yadneshpawar2352

This means that the profit from this whole stuff is just the premium that you get🤔brbrbrSince there are two outcomesdoes it mean that there is no loss in this market?🤔
Comment from : @maximilianodinukweze6266

That’s quite a loss on the 2nd trade, especially with 7 contracts and being exercised Adjustment was needed as the underlying price was falling Roll out and roll down in that case at the right time brbrNow that you own the stock though, covered call strategy could work selling OTM calls for income brbrI see how you said selling the stock and shorting another OTM put would’ve worked as well, due to the premium potentially reducing your loss on that trade going south
Comment from : @chrisa9977

I don't want to be on the hook with borrowed money I'll only trade my account
Comment from : @lilg8017

Waste of time and money You will underperform the market in the long run with options
Comment from : @nickwilsonxc

Riot now 12 and u fucked up
Comment from : @figh761

riot trader probably got wiped out
Comment from : @jaynguyen1491

nice video
Comment from : @TecnoGuias2024

How does taxes work onbrPremium income?
Comment from : @coachyamyam9666

This is the best explanation of options I have seen yet Thank You
Comment from : @patrickjtrevenen1633

Boy it'd be tough holding RIOT shares now lol, but I agree they can be a good tool to have to use!!
Comment from : @passiveinvesting_automation

But a risky investment to gain $1k in premium when you have to have 35k in collateral If done on stocks you don’t have enough or misinterpret the data, you‘re at rockbottom or needs the nerves to maneuver out of it again Any recommendations with which stocks/ETFs to start options with? Guess less volatile ones or?
Comment from : @r4ndomh3ro

Great! I would have liked watch your video long time ago
Comment from : @Firekid144

What’s apps are the best for this
Comment from : @chrisacker5277

many incorrect statements One example, he says one contract always consists of 100 shs There are multiple option contracts, which consits of the multiplier of 10
Comment from : @tomspeed3354

What am I missing here? Your loss for the second trade was around $2500 ((54-48) * 700 - $1500 premium) so overall in 2 weeks you lost around $1000
Comment from : @alijooya471

You are not alone and Hope for your Depression youtube/fcqxzXMRGoc
Comment from : @emanuelyoder1668

You lost $2k in this example from decline in stock price Also riot down to 999 so you would be continuously negative from selling covered calls as stock price drops But I wonder if premiums would cover the 30k loss over 1 year
Comment from : @shadowpocalypse

I know im late But this is a tremendous video
Comment from : @lancekaplan8022

Great points, just note that if after selling the call option and you are holding onto the shares and the price declines, you have to sell your shares at $81 per share or you start losing money for the whole trade
Comment from : @sebastianfranco8115

What a joke, you just bet on direction and cheat yourself you are smart, it is just like buying a stock, if it keeps going down and you hold it after exercised, you are never going out of it
Comment from : @rantg

You risked how much to gain how much? This is all most people want to know You didn't explain this very well at all
Comment from : @mrmoneyhacks5480

So 700 shares @54$ a share Would that not be 37,800$? Why you have only 1500$
Comment from : @payicash3140

Thanks for this it seemed so difficult but I’ve still got a lot to learn still watching now just started
Comment from : @MarcoLiftz

I made that mistake buying calls With a small amount, well I don’t have to tell you what happened after that 😢
Comment from : @jamestakashiro5660

I make about $200 a week selling cash secured puts 1 day before expiration Less volatile and more predictable
Comment from : @tiwarani

he forgot to mention you would need $40,000 in buying power to make this trade thats the downside
Comment from : @edrico123

@2:45 you said you would receive 4 cents a share which would be $400 I think you meant to say 40 cent premium which would be $4000 👍 good video though
Comment from : @whatwouldgdonowgvkpierce6879

You made this seem too easy! Great content
Comment from : @swill1317

$04 doesn’t equal $40 It equals $400
Comment from : @josephwalder8868

Been traiding in Buy options Made some good money plus several lossesbrNow seeing this video, I realize that I need a mentor on selling put options on my Robinhood
Comment from : @Jycatgc6282

Is there any way I can close my position before expiration or I'm obligated to wait until expiration?
Comment from : @peterthon4010

Conveniently missed out the THIRD and highly likely outcome of selling a Put which has the stock trading lower than your strike price in which case you LOOSE money Are you purposefully tricking people to get more viewers thinking it's easy money or are you just that dumb I think it's a purposefull emission of the truth brYou can loose a lot of money doing this, especially with highly volatile stocks like RIOTbrYou really have no morals or conscience Anything for clicks these days Men of no value
Comment from : @kitchensfrance4782

If you continued to trade RIOT, you're down 90
Comment from : @AndrewMcMorrow

How do you find/choose which stocks you want to trade?
Comment from : @scarletbelmont9022

I’ve never sold options but is it safe? I’ve heard you can go negative if selling a call option and it short squeezed or something which always turned me off to even trying but I’d still like to learn more about it
Comment from : @martymcyourflysdown6872

Great video very informative and helpful
Comment from : @IvanPlayStation4LiFe

This is the wheel strategy also he is actively misleading through omission If the stock drops to $5 you're forced to buy 100 of a $5 stock at $9 Effectively loosing $400
Comment from : @jucelinofilho2290