Hi Tony, in your 1st Exit Strategy for Credit Spreads management, you said “Exit full position with a loss of 100% Max Gain”. Should we remain until the expiration day, hoping for a turnaround that would enable us to recoup our losses?
I’ve always been advised not to sell a put option on a stock I wouldn’t be willing to buy if assigned. If assignment does occur, my plan is to sell a covered call on the stock as part of the wheel strategy. Why would I choose a credit spread and risk losing actual money?
@@hiroyukitakenaka7111 I started off using tickers, HIMS, SYMS, RIOT, SOXL, and IONQ. My portfolio is much bigger now; although I still use the mentioned stocks, I am also using PLTR, MSTX, and WMT.
I started with 2k. It was a super slow process, but it's good if you develop a good discipline. Monthly I added 500 from my pay check and I grew to much faster. I lost my discipline and now I'm back to slow process.
Your links to your newsletter and your Wheel Strategy are not working. Also, I tried signing up for a free trial and the link that was provided in the email I received asking me to verify my email address is not working. Please fix them.
In the first example for Dell, if the stock remains between 87 and 83 then there is a risk of getting assigned and need the capital to buy 100 stocks. How do you avoid this?
You dont own 100 shares baba. All the financials you do as far as any credit to your cash account isnt done until the completion of the option so i didnt think you get any money up front if you sell a put? Am i wrong? So you need all this cash up front.
@ holy smokes I’m glad u told me that’s very good to know. Appreciate that. I always wondered watching these videos how much money up front u gotta have but that’s good to know. I had bought a call on ABBV Jan 17 $180 strike sittin decent im hoping u get a chance check it out.
This Sounds Very Amazing...
Thank you for this tutorial!
Thank you Tony, this will be a great video to recommend for friends and family who want to grow small accounts.
I am glad I found this today!
Now I could say I'm meeting with my options broker now.
Hi Tony, in your 1st Exit Strategy for Credit Spreads management, you said “Exit full position with a loss of 100% Max Gain”.
Should we remain until the expiration day, hoping for a turnaround that would enable us to recoup our losses?
Interesting/ aiming to collect 33% of the Width of the Spread.
hello
I don't understand what the red border around the oval with the number 92 is? Could you please explain that?
I’ve always been advised not to sell a put option on a stock I wouldn’t be willing to buy if assigned. If assignment does occur, my plan is to sell a covered call on the stock as part of the wheel strategy. Why would I choose a credit spread and risk losing actual money?
Generally speaking, you would need more cash to do the wheel strategy.
@@hiroyukitakenaka7111 I started off using tickers, HIMS, SYMS, RIOT, SOXL, and IONQ. My portfolio is much bigger now; although I still use the mentioned stocks, I am also using PLTR, MSTX, and WMT.
They are for people looking for a defined risk and limited capital to commit.
Can you consider trading a shorter time frame/
You can but it’s risky. 45 dte is safer because you can stay more away of the strike price for the same delta versus a weekly option frame.
You big baller, seen you on CNBC today
Do You think $1,000 is enough to Start...
Think not
normally 10k is considered small and minimum
I started with 2k. It was a super slow process, but it's good if you develop a good discipline. Monthly I added 500 from my pay check and I grew to much faster. I lost my discipline and now I'm back to slow process.
Your links to your newsletter and your Wheel Strategy are not working. Also, I tried signing up for a free trial and the link that was provided in the email I received asking me to verify my email address is not working. Please fix them.
Hey! Please email us at info@optionsplay.com, and we'll be happy to assist you with your concern!
How to contact you?
In the first example for Dell, if the stock remains between 87 and 83 then there is a risk of getting assigned and need the capital to buy 100 stocks. How do you avoid this?
@ thanks
I have the same question, too. Could you show how you manage the trade?
@@actionbeeWang you need to monitor and close the position or roll
If I could do spreads it would be great but account isn't there yet baby steps
What I don't understand is how we're closing out a sold put early and not having that impact our premium. Can someone please explain that?
@meiko_kaji thank you for the clarification!
You close both positions, and you have to buy to close so you'll give back some of the premium. The goal is to keep 50% and close with the other 50%.
You need a better microphone.
You dont own 100 shares baba. All the financials you do as far as any credit to your cash account isnt done until the completion of the option so i didnt think you get any money up front if you sell a put? Am i wrong? So you need all this cash up front.
You get the amount of the credit. So if you sell a put credit spread for .80 you get $80 up front.
@ holy smokes I’m glad u told me that’s very good to know. Appreciate that. I always wondered watching these videos how much money up front u gotta have but that’s good to know. I had bought a call on ABBV Jan 17 $180 strike sittin decent im hoping u get a chance check it out.
How is this a weekly strategy when your trading options that expire in 45days ?
53:45
Hold until 50% profit, 2x the credit received as loss, or 21 dte.