Option Rolling Strategy Is Free Money (How to ROLL Options for Beginners)
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- Опубліковано 5 лют 2025
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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!
ahha I've been loosing my cover calls and wound up buying them back for more money at a later date, you just showed me how to roll it without loosing it. Good job old chap
Man you've changed my options trading! Way more comfortable after watching & learning from you!
thanks Henry...i have been making a few rolls and have been quite successful...Appreciated.
Nice video... I like the way you roll and protect the money... Keep making more videos on SPY....
Great video! There are not enough videos on UA-cam about rolling and giving visuals. I would just reiterate, that if you roll up you have to have the collateral in there to cover that additional amount. For people with accounts that are not as large that could be a deal-breaker on the roll.
Rolling is basically still closing your current position and opening a new one coined into one term and one action.
Wow second half of the video was a life saving content , very impressed ❤
Can you do more videos on credit spreads maybe SPY?
Henry- great video! I’m just curious if you’re a fan of rolling credit spreads down and out. Thanks!
I was having a problem with exits of the Butterflies trades and I used your exit strategy and it worked.
Thanks a million
Henry you truly have changed my life..thank you
Thanks. I’m still learning this but I’m using Fidelity to sell contracts and it’s a little confusing
Can I roll an option if I am out of the money in order to increase my profit and lower my strike to make the trade even better?
Super stuff rolling, Ive rolled out months to save money, so great reasurance rolling video. Keep up the good work, Uncle Henry....
Got assigned on AMD a day early! Learned a lot from this video and was about to roll my strike of 119 after it sank to 110 on Friday morning but Thursday night I got assigned. Now I have to fight my way back up doing covered calls. How early should you roll when a stock tanks like this? Was hoping to avoid the big loss.
I’ve been assigned a day early too; now I roll my losing positions on the Thursday before expiry; you’re very unlikely to be assigned before this or the option holder is just giving away time value.
Got assigned a whole week early on DVN put only a ~$1 ITM
When you roll down your put and go out to further expiration date is it advantageous to lower your strike price? Does your account get credited for the $100 per dollar you lower it?
Amazing video! Would it be better to average the option down by buying more contracts or should you just roll to a better strike price ? Or collect a credit ?!
Hi Henry, can you make a video about minimizing the lost or saving a losing Call or Pul Credit Spread? Thank you!
You have to set risk management rules. Mine consist of cutting losses at 200% of the net credit received. That means you should only receive credit if you are willing to risk 200% of it if the trade goes against you.
I really do appreciate your videos. Thank you so much.
How do you pick stocks to run the wheel? In particular for someone with a portfolio of only 10k?
That was really good. Can you do one where you roll half an iron condor using RH?
How about use of money interest? Do you have to set aside 2000X400= 800K to sell put position? If there is 10% interest on the $800K per year, the interest cost/optunity cost is $800KX10%/12= $6666 per month
Thank you, Henry! Clear,actionable and easy to understand.
I've been following you for years, I don't know why I stopped, you are such a clever fella😁
Thank you! :)
@@InvestwithHenry can't find you on what'sapp I don't usally use what'sapp
Thank you for the rolling info. I was in a 27 Dec expire on QQQ call (three weeks when I made the call) and QQQ took a dump. Looking at rolling it to mid Jan.
When should be rollover the covercall,closers to expiration ?
Can you do a video on rolling credit spreads, iron condors and butterflies when jn the money?
Good clear video compared to others I watched. Quick question.
If you get into a situation where you have to roll over and down a few times can’t you take a significant loss? Aren’t you net losing a decent premium each time (taking a debit instead of credit)
So when rolling down do you get to keep the original premium that you first got for selling the put on top of the net credit from rolling down?
no, you have to buy back the options you sold in the first place (for a debit) but you sell for a credit... he lost 1000 Dollars in Premium but prevented a loss of 22000 Dollars
Can I roll a losing call option for later date in-the-money call option?
This is the most important video I've seen from anyone about options. Would love to see more on the subject of managing trades. Thanks much Henry!
So he will roll forward and down on losing positions and gives time to make it profitable
Hello, can you tell how to hedge with put options for long bear markets like 2022? Like buy puts with short term expiry and keep repeating or buy long term put option. Thanks
I love rolling down same week by Wednesday if share price breaks support , sometimes if price passes my strike that friday a lil bit.. i dont let them assign.. i roll next week same strike itm from week b4 to following week and collect alot more premium
Can you roll call and put buy options or only covered call options
Here learning while I grow capital thanks Henry ❤❤❤
Love rolling. Thanks for sharing. Henry. Is it possible to do Rolling for other option strategy? Example Vertical Spread, Strangler etc. etc.
How can I roll a put credit spread or is it riskier? Thanks Mr. Henry .
??. I have a call for ticker ccl I paid 127 for contract at a $17 dollar call that expires April 5. Im totally out of the money in the contract I do belong over the summer it will bounce back. So I want to roll it til sept 24 the cost for that is 38 dollars so my question is if I open the new position will I basically take a total lost on the the first position of 127 then will have to buy the second position for 38 so total I will be down a total of 165 to get out of that position and get in the new position??
hi can you make profit on a put for a 38 days even if price is above the entry of the put holding for two weeks in ?
Great value, very very helpful. Thanks bro👍
When rolling options, when it states the estimated proceeds from the roll, I get to keep all of that with the option of selling my shares if it reaches strike price? Correct? If so, it feels like we can continuously push out the expiration date until we can find a down turn in the stock momentum for the price to be below the strike price... Sure it ties up my cash but no real down side and continuous passive income... Anyone have any thoughts on this? Henry, your thoughts?
Even in a good year with a great stock, most stocks will dip at some point 5-10% so we just keep rolling out our sell call option even if in the money until we can beat the system... Is there any of this that does not make sense to anyone? Pls give inputs.. Thx.
if the option is expiring on a friday, how many days prior to expiration should you typically roll (if your ITM) - to maximize the credit premium?
hi henrry first thank you. second a couple of questions... o r suggestions. you platform is the opoosite as TDA for example to understand your rollings is the opossite movement so kind of make me think a lot why dont. yu use more pro pt¡latform like tasty or ib or td? , . second, you roll the loosing possitions what about your cost basis?? you dont care to loose money constanattly in realized gains ? how do you manage that? please make a video of that if possible
thanks
Hi Henry, thx so much for your video, a question, I sold some Tesla covered calls previously, the stock price recently go up so fast that I had roll till the max expiry and still that option strike price is not a share price that I’m willing to Let go of Tesla. Is there a way to salvage this ? Using leap perhaps ? I’m not sure. Hope you can shed some light on this and pls help. Thx Henry.
When do you know when to do the roll over
It’s a blessing! I had two put contracts will expire in the money today, then this video popped up after I watched half way , I rolled the contracts to later expiration dates, thank you again Henry!
howd it go?
@ , turned out great !
I rolled TSLA 250 put three times, now I am going to roll up the strike to 320 to collect 4,000 more premiums
@ Haha you must have made a lot of money
Bro Cuzz of u I make passive income ever day and I can quit my job in 2 years and I'm only 30
That's awesome, thank you did not know that. So if the broker don't have the rollover, you close the position and open it back up, is that correct? Will the Broker know I'm rolling it over also?
Amazing detail. Great channel. 🥰 What would you say your avg return is vs. buy and hold? I traded NP and CC some years ago but due to various items I am not getting back into it.
Would it help if I have a Call Option at $3.50 and stock is currently trading at $4.50 which I initially purchased at $2.33, to roll this up to realize some of the stock rise I will miss out on? Or just take the profit if stock is still above my Call price of 3.50 6/22, this Friday?
Hi Henry, my 39.5 covered call lost 2 dollars and 2 days expiry, any roll up stragegy to minimize lost? thanks
Hey Henry, why were you not early assigned when SPY got that low?
This is a fantastic video!!
I know ur audience is for smaller accounts but could you do “rich” covered calls and cash secured puts etc
Henry,
Should I roll or leave it?
I have 1 contract call option on NVDA at $260 expires 6/21/24, my cost based at $180, current price $480. Huge loss. Does it make sense to roll, Just don't know what to do?
What you did.. can you please share your experience. What ever Henry suggested is it working?
You are a great teacher, thank you, Henry!
Are there any rolling short iron condors? I'm thinking not, but maybe individual legs?
Yeah you start by rolling the most profitable vertical leg to then pay for rolling the less profitable or losing vertical leg. Ideally for a credit. Sometimes you can't do it for a credit and that's almost always a surefire sign that you're going to be better off closing the position. And don't forget to factor in contract costs/fees into your decision.
did your opinion change since u showed credit vs debit more recently? Thought idea was roll 30 out 5 up, get debit, pay small-fee, collect more of a premium for it.
thanks for sharing 🙌
What about if it’s almost out of the money would you still roll over ..
Good examples up front in the first half of the video, rolling is key!
Requested several times a video on margin put and rolling if it goes in the money or how to avoid margin call on uncovered puts.
Hi Henry in the first example u still have a realized loss right ? For like 36 Dollars .. u open a now position for 48 .. so if expired worthless u will net 12 dollars right .. ? For taxes p/l
I mean
I'm glad I found your comment. I've been thinking about this. Platforms don't show the rolling net only the net of the market trade.
When he bought the calls back at a higher price he incurred a $36 loss... giving back the initial premium plus $36 of his capital. To get his rolling net, you would have to subtract 36 from the net credit so he's actually down $20.
If the call expires out of the money, he's lost $20. He would need to get assigned to collect the upside to his strike price and there's no garuntee that happens.
Subtract the loss you take buy the option back from the net of selling new ones to determine your actual rolling net.
so if you were to have just taken the spy position as a result of the sold puts and turned around and sold cc on the position say ATM what would have been the outcome ? Really enjoy your videos and you seem to be doing well keep up the good work. This should be a mandatory high school course replacing phy ed which is useless
Hi Henry can you tell what your boot camp includes and how much it is,thx Glenn 👍
Even though you roll, which you get a small credit for and much needed time, you're still actually down or up the amount you are down or up on the account. You're just buying more time. It's kind of the same mentality as people who say that it's not a loss until you sell and realize the loss. You want to be sure you want to stay in. Because if the loss keeps getting worse and you're rolling and rolling, if you don't have enough money to ride that fall out for example a bear market for 2 years, you're going to bankrupt the trade.
Exactly I was thinking the same.. when our trade is in loss and if we roll for next month and all you get very little credit but stock price shoots up and you have to roll one more month.. we are going to miss completely the bull run. Instead of that I sell few stocks from my current position to cover the losses.. and participate in the rally with my leftover stocks..
But what can someone who only can do long put/calls only ? can not do cash secured puts or calls
Watching you validate what I’ve been up to! Thank you so much. PS I love Puts
Excellent video. Sharing this with my sons.
Thanks Henry
Thank you, this video is awesome.
“Put @ 15.50” but the avg is actually lower since you collected the premium you collected on the cash secured put that you were exercised on. With the covered strangle it would be good if RH had a way to track actually avg price since it gets lowered on the premium collected on the sold calls and puts. Tasty trade is the only one I have seen do this with “options chains” feature. It’s just the RH has the best UI/UX and the zero fees compared to that platform.
I wanted to ask if you lost money on oatly? I think I did
Hello Henry. How to join your discord?
calendly.com/invest-with-henry/option-income-academy
Hey can anyone help with this?I’m a beginner who had a manual review on robinhood to get option trading level 3 so i could do credit spreads but the support guy asked me a scenario and asked the calculations. After freezing bc i had just answered the definition questions correctly i realized i hadn’t gotten to the calculation part of my studies yet and he had given me the chance to call and do it a few days later… or so he said. I scheduled for it to be yesterday and they had me wait all day just to tell me i cant reapply for level 3 for an entire year.
How much does it cost for the boot camp
Thanks for sharing this strategy and illistrating the benefits of rolling. Getting that credit is essential!
6 week bootcamp education link above not functioning
Hi how do make it in ibkr??
@Hit_MeUp_Whatapps ??
How long did it take for you to get back to break even in both examples?
Why doesn't my robinhood give me the rolling option?
Dear moderator, please let Uncle Henry know how much his efforts are appreciated. This video alone may have kept me in the options game, and out of of poor house.
Thanks...👍
Thanks
Great video 📹
Been making videos too Henry! Thanks for the inspiration bro!
Very useful for beginner option players to learn
how to join your discord community?
calendly.com/henryjacob/henrycall-mastercourse
thanks for the great info!! love the info!!
Great video
PLEASE MAKE A VIDEO ON HOW TO ROLL A LOSING CREDIT SPREAD ON ROBINHOOD!! Please please
In the example of the 30k loss you would be still losing striking 10k right?
I have never received a reply or even a like from you so if you don't want to engage, stop asking for comments, otherwise I like the content. 👌
What's really funny is I'm an American Airlines Mechanic watching this in Philly on my break in an American Airlines cockpit aware that the stock is spiking. Up, up, and away but not so fast so that you covered call guys don't get squeezed so fast! Thought you might enjoy that, one Philly boy to another.
@Invest_with_Henry_ I apologize. I don't get that. What do those graphics mean?
Thanks for the video! I got back into options again a couple months ago and your videos have been helpful. I've been okay with leaving my covered calls in the money as its helps offer protection in case conditions change. I've been rolling them out as you explain here. I just make sure there's always enough premium on the option to help avoid early assignment - especially when its ex-dividend is coming up. For your spy put example, I've been doing the same thing to fix my IEP trade. I sold a couple puts a month ago at $35 strike when it dropped thinking it would bounce back, big mistake. lol. I rolled it out a month and collected premium when it dropped further. Then rolled it out and down to a July $25 strike when it dropped even further only to see it still drop to $20. But all these rolling outs did pay off and I'm finally back to being even on the position. As long as it continues to stay above $25, my goal is to try and collect as much of the time premium left ($2.20) and exit just before the $2 distribution is paid out next month. If that doesn't work, I'll probably roll it out and down again. Thanks again!
Can you just explain how you are not down any money? If you had to buy it at 35, but the stock price was considerably lower, then even though you received a premium for selling the put, you would be down money. Then you sold another put at 30...and lost again. Then at 25...and lost again when it went to 20. Please help me understand, because I would really like to try selling puts...but I don't want to lose money. Thanks!
I see videos where they roll at the very last minute before strike date. But I feel like its more important to roll before the CC goes in the money. Especially if you think its gonna run.
it's been a while but came back for a quick refresher. I hope all is well buddy
Nice video
Do you ever sell index spreads like iron condors? What is a good way to manage spreads when in the money?
1-2 weeks out 30 delta and close at 50% profit.
He has videos on that
Big time video. Thank you
how is June 10th to July 15th less than five weeks?! your math seems wrong there