Good clip Davis. Nice layering of many of the key variables involved in the process. Here is a challenge for you. In a future video, please do one on selling an ITM covered call once the stock reaches overbought levels for a comparative clip. Thanks n good work.
@@optionswithdavis Thanks very much, I meant selling an ITM covered call once the stock is 'overbought' not oversold.....Great work Davis, much appreciated.
@@optionswithdavis Thanks and same to you Davis. I really enjoy your videos. Most are 1-dimensional on youtube but you add extra layers that make the knowledge transfer that much more! Good stuff.
Blend this with the Put Ratio Spread even more up front revenue. If you go below the short strike, you can make money on the embedded debit spread. More capital intensive but worth it (imo).
Davis, I have my set of stocks in line for the Wheel Strategy (TSLA, NVDA and CROX) . I was thinking rather than waiting for stochastic to be oversold why not sell CSP at SD a delta of 16. When the stock does become over sold than raise the delta to 30. What are your thoughts about selling weekly?
Hi Davis...will I be wrong if after the put assignment, I apply the risk reversal strategy by selling the covered call and with the premium received buy a put option as protection in case the stock just goes down for longer periods without bouncing back? Thanks though for your strategy. I'll apply it in some of my trades.Sestanious...South Africa
It is important to understand that you will be required to have the necessary buying power to buy the stock, in order to do this trade. In other words, you will need to have the cash or margin in the event you are assigned. For non-margin accounts, you will be required to have the full amount of cash to buy the stock. If the strike price of the stock is $200, and you sell one put contract, you will need to have $20,000 in your account. Margin accounts must be approved and usually require minimum balances. So, keep in mind your account size and cash or margin requirements when choosing a stock. The strategy can be done on lower-priced stocks. The wheel strategy is capital intense in other words it's not cheap Take care and God bless
Thanks 😊 If you think NVDA will go above 280 in the future, you can use my stock repair strategy I mentioned here: Part 1 - ua-cam.com/video/zfBAFGngils/v-deo.html Part 2 - ua-cam.com/video/bAQIMzeTbeQ/v-deo.html
Get Your Copy of The Options Income Blueprint For FREE:
optionswithdavis.com/blueprint/
One of the best videos on UA-cam. You are awesome, Davis!
Thanks for your kind words 😊
This is simple, yet, brilliant way to enter a position and continue to add to one trade...
Excellent content Davis💐
Absolutely amazing content!! 👍👍
Pure value. 💯
Keep up the good work. 🇮🇳♥️
👍
Good clip Davis. Nice layering of many of the key variables involved in the process. Here is a challenge for you. In a future video, please do one on selling an ITM covered call once the stock reaches overbought levels for a comparative clip. Thanks n good work.
Sure and thanks for the suggestion 👍
@@optionswithdavis Thanks very much, I meant selling an ITM covered call once the stock is 'overbought' not oversold.....Great work Davis, much appreciated.
You're welcome, and got it 👍 Thanks for your support, appreciate it!
@@optionswithdavis Thanks and same to you Davis. I really enjoy your videos. Most are 1-dimensional on youtube but you add extra layers that make the knowledge transfer that much more! Good stuff.
Thanks, that means a lot to me ☺️
Blend this with the Put Ratio Spread even more up front revenue. If you go below the short strike, you can make money on the embedded debit spread. More capital intensive but worth it (imo).
That would be this - ua-cam.com/video/euu_awAmiPY/v-deo.html
Excelente video!!! Thanks and good work!!!
Thanks ☺️
Davis, I have my set of stocks in line for the Wheel Strategy (TSLA, NVDA and CROX) . I was thinking rather than waiting for stochastic to be oversold why not sell CSP at SD a delta of 16. When the stock does become over sold than raise the delta to 30. What are your thoughts about selling weekly?
Yup, with the weekly options you can get a higher roi. The tradeoff would be a lower premium compared to the monthlies.
@optionswithdavis since I'm trading in my IRA what are your thoughts between weeklies vs monthly
Hi Davis...will I be wrong if after the put assignment, I apply the risk reversal strategy by selling the covered call and with the premium received buy a put option as protection in case the stock just goes down for longer periods without bouncing back? Thanks though for your strategy. I'll apply it in some of my trades.Sestanious...South Africa
Great Video
Question: when you enter your 2nd and 3rd CSP how far out do you go ? weekly or monthly expiration dates
Thanks 😊 If I have just a few levels, I go for the monthly. If I have multiple levels, I go for the weekly.
@@optionswithdavis Thanks love your rolling videos on CSP/CC I use on all my wheel trades
You're welcome and thanks for the support, appreciate it ☺️
It is important to understand that you will be required to have the necessary buying power to buy the stock, in order to do this trade. In other words, you will need to have the cash or margin in the event you are assigned. For non-margin accounts, you will be required to have the full amount of cash to buy the stock. If the strike price of the stock is $200, and you sell one put contract, you will need to
have $20,000 in your account. Margin accounts must be approved and usually require minimum balances. So, keep in mind your account size and cash or margin requirements when choosing a stock. The strategy can be done on lower-priced stocks. The wheel strategy is capital intense in other words it's not cheap Take care and God bless
That's right, hence it's called a Cash Secured Put 👍
What is a good safe dividend etf to trade the wheel on ?
If I can’t afford csp can I use credit spreads
Any advise on what would be a expiration for this strategy?
correction: "would be a good expiration"
Great video. How can you fix NVDA? I think is good stock profitable but I Paid 280 now is 140?
Thanks 😊 If you think NVDA will go above 280 in the future, you can use my stock repair strategy I mentioned here:
Part 1 - ua-cam.com/video/zfBAFGngils/v-deo.html
Part 2 - ua-cam.com/video/bAQIMzeTbeQ/v-deo.html
Good video , when the stocks fall this 3 levels is rescue misión . Do you DCA 30% in every fall?
Thanks! It depends on how many shares I plan to buy in the stock. I have some stocks where I have more than 3 levels.
Is there an opposite way to this strategy in a bear market?
All large cap stock will come down for correction of 30 to 40%
Based on?