Second! I have been working on the different strategies you taught me, since our last 1 on 1 session. Thanks coach! I made $8k in November so far running them!
I remember you teaching this in the bootcamp classes, it has been working well with all the other strategies you have taught me! 80% gains in 3 months since joining!
Great strategy corey! I have been running it since I joined your coaching in June! about to hit 6 months! Started with $25k in June I just hit $85k!! I can't believe how well I have done. Thanks to you!
Great strategy I have been running this since you taught me when I first joined coaching. I have been growing ever since. Started with $31K and just about to break $90k! Crazy 6 months. No strategy is perfect, I have had to manage like you said but it’s 100% worth it and works! Thanks Corey!
Hi Corey, I thoroughly enjoy your videos and have a zoom call on December 13 to discuss joining your mentorship!! I do have a question though with this video. When you say call credit spread you are SELLING TO OPEN (I have a Fidelity Acc) at $598....and BUYING TO OPEN at $603..........is this the same as SELLING A PUT at $598 and doing a COVERED CALL at $603 as you exampled earlier in the video on the Fidelity browser? Thanks for your time!!! Sincerely Richard
just an observation, curious about your comment on it: today the SPY broke the rule you suggested to use to choose 0DTE puts, namely, premarket low=598, premarket high=600, reaction after market open=climb up above the premarket high, hence as per your indication, sell 597 P (=premarket low -1$), and in theory stock shouldn't go below it during trading day, but i actually went down to 595.2 (!) as a minimum. And spent most of the day below that put strike (597). Is this an outlier? or is there an obvious reason why today it was not a day where to apply your rule of thumb?
Nice Video! So what happens exactly if the stock hits your short covered call strike price? Do your long term leaps get taken away since they were the collateral?
What if the first candle doesn't break the pre-market high/low? Will you still be selling a credit call spread, or you wait for the first candle to break the pre-market high/low to determine you will be selling a call or put credit spread?
$10K / Month on a $50K account... that's like 240% a year... even minus 20% losing trades that's got to be 150-200%... why are there no funds returning these kind of numbers if such returns are as easy as this vid suggests? I mean, shouldn't there be some "Poor Man's Covered Cals R Us" fund?
The market was designed to take your money. The whole thing is there to make you save slowly and they all get rich fast. They aren't giving you any secrets or help. It goes against the reason they even offer it.
@@investwithcorey OK we agree on that premise... but you are claiming fantastic rates of return... if they are true... same question holds... where's the fund offering it. Even Renaissance Tech Partners - Medallion fund is only said to return 60 percent before fees.... And it's a closed fund, can't be in it if you don't work there. 200% Annualized sounds too good to be true... so what's the catch? How does it blow up in our faces?
Hi. I noticed when following along that there was a lower pre-market low at 4:30am. Is there any particular reason you went with the low at 7am? I'm still pretty new to trading options so please forgive my ignorance and thank you in advance for taking the time to answer.
I thought a leap was 1 year out or more your showing buying April 2025 calls those are like 5 months out. Don’t you get better value for your money the further out they are?
You really can do this only on an ETF/Index, but I've seen people hint at doin it on a single stock. Very dangerous either way. I'm still reluctant to do this without say a long-dated put on SPY as a hedge/insurance. Sure, it would eat into your premiums. I only have 8 or 9 tickers that I trust atm. Prices are high! Biden's trying to take us to war. Quite crazy atm and it's all about entry and exits. I can't bring myself to enter on any of them except 3 of the 9 at the moment.
You can run it on any stock. You need to know the news and the stock well. Understand earnings, Q reports and when to sell the shorts and to roll. I have been running this on many stocks and ETFS over 6 years and my 6 month and 12 month averages are very high. They make up for rough months. you cant calculate return avg on weekly or monthly. At the 6 month mark is when you would make the first assessment. 2 Rough months and 4 bangers means good averages. This takes experience. Which is what I coach and teach.
The issue I'm having is RobinHood will not allow me to roll the sell call once I created the 2 option strategy (leap and short sell call). Once the short sell call expired. Robinhood again won't let me create another short sell call against the leap. Any suggestions?
Also, those credit spreads can go bad very fast and you lose many times what you were going to profit so mixing that with the leap covered call strategy is increasing your risk incredibly high, doesn’t really seem very safe.
From about late 2007 until roughly 2013... S&P 500 stayed under roughly 1600... it can go down and stay down... since some say we're in an "everything bubble" and a change of administration... that tends to be "hawkisk on inflation"... is 5 years of a bull market really the right time frame to be looking at?
That was the housing market crash. Look at data outside of that or covid and it's trending up. Inflation is dropping, rates dropping, economy picking up. SPY is going up. It's projected to 630 by summer.
@@investwithcorey You're missing the whole point... one cannot guarantee the future... no one saw the Great Recession coming either... who's to say when the next unforseen financial calamity is coming. There's an old saying that goes... "Each generation forgets the crash of the last generation, and has to suffer it's own." Sure current data is more relevant than older data... but look as say DJIA index full length... many bad periods... The whole 1970's were flat... "Stagflation" they called it. That said, the positive inflation bias of the Fed pretty much insures, over time everything will go up... But with what volatility... over what time frames... Seems ridiculous that we've split atoms, been to the moon, etc... but can't tame "The Business Cycle"??? I tend to believe it's because those the can profit from the volatility, want to be volatile. LOL! Murphy was an Optimist as they say.
It is worrying how things are currently being handled, particularly given the lack of support for people with disabilities. Thank you to Jayne Steve for continuing to share valuable financial information! Despite the current economic challenges, I saw over $25,000 in profits last month.
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.
I am very pleased that Ms. Jayne Steve is mentioned here. A friend of my family recommended it to me when I was in Italy during the Corona crisis. She's great.
Where should I start as a newbie to investing? Are there any recommendations on platforms or strategies? If anyone has any advice I would be grateful. And how can I contact her?
Umm..yes. why would you worry about a few dollars in time Decay when you're generating $500 a day on 0de? There's no way to scrape profits on every angle and every penny every single day LOL the amount of Decay that you will see on these options is very insignificant compared to the short calls being sold I know this because I've done this. In 2022 I was trading this exact strategy. Made alot.
I try this with affirm and this month and Affrim keep going above my strike price so keep rolling it out for more credit and was getting out control ran out of rolling up before leap option expires
buy back the short, then start selling calls again. You cant sell aggressive calls. They need to be concise with the charts and on stocks that are not in the middle of a outrageous run. thats why I said spy. You have to know which companies, tickers, ETFs to run this on and when. Which requires experience.
Second! I have been working on the different strategies you taught me, since our last 1 on 1 session. Thanks coach! I made $8k in November so far running them!
Keep it up! I remember our first session James! Very proud of you good job!
Corey's the best!
You are the absolute best corey!!
Corey train let’s go!!! 🎉
Corey has helped me considerably! No strategy is 100% perfect but he teaches how to run it very efficiently. I’m up a ton in 5 months!
I remember you teaching this in the bootcamp classes, it has been working well with all the other strategies you have taught me! 80% gains in 3 months since joining!
Awesome joe! I remember our first meeting things are rough in the beginning but now you're flying!
Great strategy corey! I have been running it since I joined your coaching in June! about to hit 6 months! Started with $25k in June I just hit $85k!! I can't believe how well I have done. Thanks to you!
Good job Alicia! I started with $31k after some losses and now I’m just about to hit $90k. I joined in June as well!
Good job Alicia!! Proud of you! More success incoming 📊
Now, stock market is high...... be careful
Keep them coming Corey! You have been an awesome coach! Hit my goal this year already! Almost at $100k!!
Awesome benjamin! Glad to hear. Very happy for you and more growth moving forward incoming!
Great strategy I have been running this since you taught me when I first joined coaching. I have been growing ever since. Started with $31K and just about to break $90k! Crazy 6 months. No strategy is perfect, I have had to manage like you said but it’s 100% worth it and works! Thanks Corey!
Keep it up Michael good job!
Thanks Corey! Another great video!
Glad you enjoyed it!
@@investwithcorey How much do you charge if I want to take you..
Thanks for your teaching Corey
Very welcome debra!
Great stuff Corey. Love the actionable content you put out.
Always some gold nuggets here.
Thanks Fam!!
Thanks coach for going into more details on the 0DTE iron condor trades I was asking you about in the discord, you're the best man!
Appreciate it Mike! 🙏
Makes sense, I just got a full time job, will be adding more money along the run and will utilize all this strategy to make a profit
Great video Corey, getting more and more comfortable with your guidance. Thanks.
Glad to help!
Hi thanks for all the support Corey! Is there an update with serv? What happening right now.
It’s an interesting strategy. I like it.
Thank you.
Thank you Corey! I appreciate your time and patience. Which CHART are you using for analysis? Is it yahoo?
Very welcome! Trading View
Hi Corey, I thoroughly enjoy your videos and have a zoom call on December 13 to discuss joining your mentorship!! I do have a question though with this video. When you say call credit spread you are SELLING TO OPEN (I have a Fidelity Acc) at $598....and BUYING TO OPEN at $603..........is this the same as SELLING A PUT at $598 and doing a COVERED CALL at $603 as you exampled earlier in the video on the Fidelity browser? Thanks for your time!!! Sincerely Richard
just an observation, curious about your comment on it: today the SPY broke the rule you suggested to use to choose 0DTE puts, namely, premarket low=598, premarket high=600, reaction after market open=climb up above the premarket high, hence as per your indication, sell 597 P (=premarket low -1$), and in theory stock shouldn't go below it during trading day, but i actually went down to 595.2 (!) as a minimum. And spent most of the day below that put strike (597). Is this an outlier? or is there an obvious reason why today it was not a day where to apply your rule of thumb?
Nothing is ever 100%. You just roll.
@@investwithcorey ok cool, so, outlier. Thanks for taking the time to answer!
I can't wait until my brokage allows me to do this. Holding this LEAP with a level 1 options trading is still worth it imo.
Nice Video! So what happens exactly if the stock hits your short covered call strike price? Do your long term leaps get taken away since they were the collateral?
No, you roll the short or buy back and sell more. You can exercise the long. Don't let your shorts expire in the money.
What if the first candle doesn't break the pre-market high/low? Will you still be selling a credit call spread, or you wait for the first candle to break the pre-market high/low to determine you will be selling a call or put credit spread?
Are you buying in the money leaps and selling out of the money daily call options?
Yes
$10K / Month on a $50K account... that's like 240% a year... even minus 20% losing trades that's got to be 150-200%... why are there no funds returning these kind of numbers if such returns are as easy as this vid suggests? I mean, shouldn't there be some "Poor Man's Covered Cals R Us" fund?
The market was designed to take your money. The whole thing is there to make you save slowly and they all get rich fast. They aren't giving you any secrets or help. It goes against the reason they even offer it.
@@investwithcorey OK we agree on that premise... but you are claiming fantastic rates of return... if they are true... same question holds... where's the fund offering it.
Even Renaissance Tech Partners - Medallion fund is only said to return 60 percent before fees.... And it's a closed fund, can't be in it if you don't work there.
200% Annualized sounds too good to be true... so what's the catch? How does it blow up in our faces?
Hi. I noticed when following along that there was a lower pre-market low at 4:30am. Is there any particular reason you went with the low at 7am? I'm still pretty new to trading options so please forgive my ignorance and thank you in advance for taking the time to answer.
Pre market is 7am. 4am is early pre market and very unpredictable and not accurate.
@investwithcorey Very helpful to know. Thank you!
Is this called the iron condor ? It looks like it just a little different.
What happens when the covered calls got called away? Do I need to exercise those LEAP options?
You roll the call
Thank you!
This guy is a conman btw nobody makes this much money day to day from trading
@@Don_Hector I do.
@@steve6056 how?
I thought a leap was 1 year out or more your showing buying April 2025 calls those are like 5 months out. Don’t you get better value for your money the further out they are?
Do you only get access to the discord if you buy the prestege course ?
What brokerage do you use to do this?
Fidelity or robinhood
@@investwithcoreywhat level options? Level 2 for PMCC
You really can do this only on an ETF/Index, but I've seen people hint at doin it on a single stock. Very dangerous either way. I'm still reluctant to do this without say a long-dated put on SPY as a hedge/insurance. Sure, it would eat into your premiums. I only have 8 or 9 tickers that I trust atm. Prices are high! Biden's trying to take us to war. Quite crazy atm and it's all about entry and exits. I can't bring myself to enter on any of them except 3 of the 9 at the moment.
You can run it on any stock. You need to know the news and the stock well. Understand earnings, Q reports and when to sell the shorts and to roll. I have been running this on many stocks and ETFS over 6 years and my 6 month and 12 month averages are very high. They make up for rough months. you cant calculate return avg on weekly or monthly. At the 6 month mark is when you would make the first assessment. 2 Rough months and 4 bangers means good averages. This takes experience. Which is what I coach and teach.
I have been doing it for a few months, working very well
I have been in his coaching and hands on he taught me all of the strategies in detail and they 100% work. Nothing is perfect but they work.
Thanks a lot for this. Well appreciated
My pleasure!
What if spy is trending low after market open? Do we still sell a call?
Above pre market high yes
The issue I'm having is RobinHood will not allow me to roll the sell call once I created the 2 option strategy (leap and short sell call). Once the short sell call expired. Robinhood again won't let me create another short sell call against the leap. Any suggestions?
Need level 3 options. Also open leap separately.
@@investwithcorey Thanks for your feedback. However, I am on level 3 options.
Selling the option 30 min after open right.
Roughly. It depends on the candle breaking pre market high or low
Also, those credit spreads can go bad very fast and you lose many times what you were going to profit so mixing that with the leap covered call strategy is increasing your risk incredibly high, doesn’t really seem very safe.
I will be in your group soon.
Awesome! Glad to hear fam! Here is a direct link to book a call to save time.
calendly.com/invest-with-corey/invest-with-corey-cl
From about late 2007 until roughly 2013... S&P 500 stayed under roughly 1600... it can go down and stay down... since some say we're in an "everything bubble" and a change of administration... that tends to be "hawkisk on inflation"... is 5 years of a bull market really the right time frame to be looking at?
That was the housing market crash. Look at data outside of that or covid and it's trending up. Inflation is dropping, rates dropping, economy picking up. SPY is going up. It's projected to 630 by summer.
@@investwithcorey You're missing the whole point... one cannot guarantee the future... no one saw the Great Recession coming either... who's to say when the next unforseen financial calamity is coming.
There's an old saying that goes... "Each generation forgets the crash of the last generation, and has to suffer it's own."
Sure current data is more relevant than older data... but look as say DJIA index full length... many bad periods... The whole 1970's were flat... "Stagflation" they called it.
That said, the positive inflation bias of the Fed pretty much insures, over time everything will go up...
But with what volatility... over what time frames...
Seems ridiculous that we've split atoms, been to the moon, etc... but can't tame "The Business Cycle"???
I tend to believe it's because those the can profit from the volatility, want to be volatile. LOL!
Murphy was an Optimist as they say.
❤
Safe passive income...passive huh
The put credit spread is dangerous. Getting assigned, if short leg breaks, will put the account underwater
You close it. It's not hard to manage these at all. You must have understanding of the market and know technicals.
It is worrying how things are currently being handled, particularly given the lack of support for people with disabilities. Thank you to Jayne Steve for continuing to share valuable financial information! Despite the current economic challenges, I saw over $25,000 in profits last month.
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.
I am very pleased that Ms. Jayne Steve is mentioned here. A friend of my family recommended it to me when I was in Italy during the Corona crisis. She's great.
Where should I start as a newbie to investing? Are there any recommendations on platforms or strategies? If anyone has any advice I would be grateful. And how can I contact her?
She's mostly on Telegrams
Investwith Jayne. This iS HER NAME
While consolidating long options are subjected to time decay
Umm..yes. why would you worry about a few dollars in time Decay when you're generating $500 a day on 0de? There's no way to scrape profits on every angle and every penny every single day LOL the amount of Decay that you will see on these options is very insignificant compared to the short calls being sold I know this because I've done this. In 2022 I was trading this exact strategy. Made alot.
Decay wont be more than the short calls corey is right.
I try this with affirm and this month and Affrim keep going above my strike price so keep rolling it out for more credit and was getting out control ran out of rolling up before leap option expires
buy back the short, then start selling calls again. You cant sell aggressive calls. They need to be concise with the charts and on stocks that are not in the middle of a outrageous run. thats why I said spy. You have to know which companies, tickers, ETFs to run this on and when. Which requires experience.
I have done it on AFRM and AAPL. Zero issues. Corey teaches the right way. I’m a discord member as well.