Unbelievable!! Henry, you have given a very clear directions, step by step for the Iron Condor! It opened my eyes for the first time since my very first option play in 2017. Thank you so much! God Bless! It was too much to absorb for the first time, so I already watched 10 times in couple of days! Of course, I am also watching you other videos! Awesome!! Thank you!
Henry do you set a stop lose on put credit spreads? I really like your video on put credit spreads but I'm not sure how to cut my loses if I'm going out of the money.
I like the most put credit spread on a beaten growth stock with great fundamentals like NIO, PINS or a stable blue chip like Apple when its under correction with good spread but atleast 3 months ahead. Technical analysis increases chances for expiring worthless. Good example is NIO 18 February put credit spread sell 30$ put and buy 25$. This is almost 100% sure because NIO is getting after Tesla scary fast and its 52 week low is 30.7$. It has huge support at 38$ and 50 SMA is there. With this example you get like 17-18% return.
This is great information but I would like to object to the risk to reward of these spreads. Putting up $1000 of collateral to collect $100 is a risk factor of 10 to 1. Sure it's unlikely to happen as you indicate with the low delta but if the trade goes against you...that's still $1000 on the line. I personally look for spreads that pay out with a risk factor of no greater than 5 to 1 but my target is 3 to 1. I currently have a few HUT put credit spreads expiring in December that have a risk factor of 2 to 1. So if my collateral is $300, I'm collecting $150.
Bingo! vertical spreads do not have a positive expectancy. I watched a few of this guy's videos and they are all horrible. Never talks about risk, only how much money you can make. The only spreads I would do are diagonal or calendar. If you are going to do a vertical spread you need to take in at least 1/3 of the width of the strike... for example on a 5 dollar wide strike you should take in at a minimum $1.66 and close them when you hit 50% profitability. This guy doesn't really seem to know what he is doing.
@@jeffreyeidelman2698 yes Verticals are very dangerous when buying and selling between one point. And if prices hit below your sold strike you’ve lost a big portion of your collateral. Best case scenario is to have a definite stop loss on open and make sure your spread width is wide enough to absorb a huge move against the position without loosing all your collateral. But a 1:2 risk to reward Vertical with 2-credit:1-stoploss being a good move for most people.
Thanks for posting this reply. I'm just getting started, so I thought it was just me thinking this was a lot of risk for so little reward. I need to find a new channel to watch lol.
Short Iron Condor: Buy Call Strike: ( $120 ) Sell Call Strike: ( $110 ) Current Stonk Price: ( $100 ) Sell Put Strike Price: ( $90 ) Buy Put Strike Price: ( $80 ) The Strike Price is simply the Betting price with Delta telling the percentage probability of reaching said strike price before your opinion expires. Now my question: 1. Why not just go a week or 2 out with a Short Iron Condor with a stonk( 🤣 sorry couldn't help myself ) like Walmart?
Yes, SQ is currently below $200, but there's 1 week left and next Fri is a Quadruple Witching day. SQ could very well hit 200 again (though it may not until '22 due to tax-loss harvesting).
So ... a complete derivation of the expected return of this would take more space than a UA-cam comment, but without doing the work, my first thought is: You win 10 times more often than you lose, but you lose 10 times more money than you win, thus on average you make nothing. A stop-loss would of course change these dynamics, but that's my first thought.
Why we have a -0.14 delta on the sell put and on the buy put we have a positive number? It couldn`t be there a negative number as well? or it`s just because we are buying, hence the +
Uncle Henry will you be offering any Black Friday discounts again this year on your options course? I’d love to pull the trigger and get started but I can’t quite afford it. Thank you so much!
Ask ben@investwithhenry.com for a black friday sale. I'm not 100% sure but I do know the team has payment plans and at the end of the day we are here to make you money not take your money so I'm sure they can work something out!
Did you take this trade? Would love to see a follow up on this. Did you make an adjustment/roll, looking to take max loss or since you still have time, waiting it out and hoping for a rebound? I used to love Iron Condors until the Covid crash last year. Took out 75% of my small account. Yes, I used too much of my account. They were diversified though, but none of that mattered when everything tanked. I think seeing how to handle something like that, or what is going on right now would be really helpful to learn how to mitigate losses.
I've watched a few of this guy's video's and I would not follow any advice from him. Either he sold it or is going to take max loss or maybe he'll hold it because he doesn't know what he is doing and it will expire between the strikes and they will put the stock to him lol It almost impossible to roll spreads for a credit and you should never roll them for a debit. And when ever you roll you have to think... would I put this trade on again? Wall Street like to say things like, "you're keeping the dream alive"... no, you're not... you're closing out a losing trade and opening up a new trade. Even if you can roll them for a credit, it's usually very small because of the long option. IMO spreads or condors and not a great strategy (I'm talking vertical, not diagonal or calendar, I like those spreads) . They do not have a positive expediency. You're risking 1 to lose 2 or more. If you do them you want to make sure you are taking in at least 1/3 the width of the strike. For example if you have a 5 dollar wide strike you want to take in at least $1.66 and you should close them all at 50% profit. This guy doesn't seem to have a clue what he is doing and I hate these videos where people only talk about how much money you can make... either they don't know what they are doing or they're praying on people's emotions.
@@jeffreyeidelman2698 I tried a couple times to roll spreads, but yeah, wasn't worth it. I just recently got back into trading and I'm running the Wheel now. Last week got assigned 4 of my CSPs, but they have all been trending up the past couple of days. I personally feel it's "safer" because at least if the market crashes you get shares of stock. Granted, you might be bag holding for a while, but it's something.
@@jeffreyeidelman2698 You sound like you know what you're doing, what I don't get is why would you close it at 50% profit? I'm quite new to this, so would appreciate your explanation. Thanks 🙏
@@0o_KASHIII_o0 I don’t close all my option trades at 50% but I will close iron condor or vertical spreads at 50%. And an iron condor is just 2 vertical spreads. Having said that, I almost never let my options expire unless they’re really far away from the strike. Gamma works against option sellers in the last week. Anyway, I don’t sell a lot of verticals or iron condors for a few reasons…1)When you sell options you want time to work in your favorSo they decay quickly and you can keep the premium, but when you’re selling and buying in the same expiration You are essentially neutralizing theta,, so the trade may go in the direction you want to go but with a week or two left it’s still not that profitable… Meaning there’s still a lot of premium left, 2) I don’t have a positive expectancy, meaning you’re risking 2 to make 1… and 3) they’re very difficult to roll out in time and receive a credit. For those three reasons when I do sell vertical spreads, I don’t like to hang around that long because if you find yourself in trouble there’s not much you can do. You can either close it for a loss or just hope the short option doesn’t go ITM… and I have found that hope is not a very good strategy :-)
Sep 2021 earning went down more than 99% and you decided that the stock price will not go down below $200. Wow I took your recommendation as you have 155k subscribers and that 5 iron condor blew out my account.
One tricky thing with trading options is that delta or PITM is not really probability as many people believe. It was only a 14% percent chance of but it happened anyway and the price continued much lower. PITM is just a calculation derived from price of the option. Price is just from peoples expectations and supply and demand for the option. So if it's low pitm it's because people don't expect a big movement but that's not the same as mathematical probability. I like the approach you use of basing your short strikes more on the Bollinger bands and TA instead of delta / pitm. This is a much saner approach.
Are you trying to close a credit spread? If you are, you just have to buy the leg you’re short on and sell the leg you’re long on. So basically just do the reverse to close it.
With spreads what happens if the stock falls between the spread. You get assigned do you then sell it at the market Monday morning? I have not experienced this so would like to know.
Awesome video, did my first Iron Condor.... question though, Limit order, do you set a limit for each of the four transactions or do you have an overall limit. I did the entire trade before I realized this. I am signed up with your training and am a Silver access member. I'll look around the Discord and ask the question there too... but I am thinking others can learn from this here.
Despite the market crash, I still thank you for the level-headed financial advice. I started stock and crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio Thanks so much Mrs. Jasmine Adelle.
I am looking for a sure fire way to earn about 2% monthly in options premiums writing covered calls options on ETFs like QQQ. Is it possible to have a safe and secured strategy?
I feel like it’s a little misleading because opening another leg increases your chances at a loss. It’s just important to be careful when trading options and know what you are doing.
What he doesn't tell you is that if try to sell any calls, you have to have at least 100 shares of that stock before selling call options. If you're selling put options, you need enough money in your account to cover the strike price, i.e. $7 strike price you'd need at least $700 in your account. So these ideas are fine and dandy but if you don't have enough capital first either as stocks or $$$, you will not be allowed to make these trades.
Harry I appreciate your work so much I'm from Youngstown Ohio and I've been studying you for the past couple months before I made any trades. We're just taking his courses and listening to his information I've been able to grow my portfolio thank you so much bro thank you so much bro
@@InvestwithHenry do you think you could do a video at some point on the technical analysis you do. Or some good technical analysis to use when looking to enter trades?
Great video signed up for Tuesday call would love it if you could be on the call. Are you at risk on this trade if the underlying goes below or above your strike but still has a lot of time left, basically asking will someone assign you with lots of time left?
In step one of the Iron Condor I understand that you would sell a put at about the low end of Bollinger (which you selected the $200 strike price). But in step two (buy a put) why did you select the $190 strike and not the $195 trike?
"SQ is unlikely to go below $200..." Ouch. SQ is $166 today. -$864 loss. Going to take quite a few "high probability trades" to get that back. Be careful out there.
Can’t you get assigned though for f say the stock drops to $195 but does not fall to the $180? Then your forced to buy stock at $19500? This could crush smaller account holders
Thank you so much Henry..........I wanna be stupid rich like you one day........and stay in a nice place like Colombia while I make myself stupid richer 🤑
so if I understand correctly.. you can sell a put which means your putting up the strike x100 as collateral. But If I buy a put at a lower price I don't need to put up any money? confused ? A sell means you have to have the money to buy the stock. A buy means your going to buy if it hits that strike.. your still going to put up $19K... what am i missing?
Collateral or margin required to cover a credit spread is 100 times the difference in the credit spread strikes, minus the credit you received for the credit spread. For instance: One $200 STO / $185 BTO put credit spread for $0.75 requires collateral/margin of $15 x 100 - $75, or $1425. This is your max loss.
I keep getting screwed with iron condors. I always do at least 2.5 standard deviations and some technical analysis to enter. I look at rsi and a few other things. But I am 0/2 on iron condors.
I've lost so much money trading options. I've been taking the riskiest path by buying puts on PYPL. My first day, I was in the profit range of $500, and I got greedy and didn't sell. I didn't understand time decay would make such a huge difference. The next day, I was at -$100. I thought it would keep going down, but it's so low that it hasn't been going down much since that day. I've lost about $600 total. I'm addicted and can't stop. Fml.
I would strongly advise in this Biden-market that one doesn’t go beyond 1 month out. I don’t see things turning around even in the next quarter but this is such a traders’ market rather than investors. The inherent high volatility can get much higher and cause irrational swings.
Oh dang i forgot to report. Sorry folks i wasn’t able to execute due to not enough volume. But I’ll try again and let y’all know. The markets are crazy right now
Retired with a 7 figure portfolio and Receiving about $43k in dividends. I have been in the Stock market about 20 years. Am I worried? Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding more at a time. my investment strategy with my FA actually calms me down. Eye on the prize, stay the course!
The only issue with this is the fact that Robinhood has to grant you Level 3 access to use iron condors and they essentially refuse to give you access to that no matter what. I have the capital and history to prove I’m capable of profiting, I’ve been using them for years and they still deny me level 3. So these videos are only useful for a very, very small and select group of people unfortunately
Unbelievable!! Henry, you have given a very clear directions, step by step for the Iron Condor! It opened my eyes for the first time since my very first option play in 2017. Thank you so much! God Bless! It was too much to absorb for the first time, so I already watched 10 times in couple of days! Of course, I am also watching you other videos! Awesome!! Thank you!
Good video. Looks like SQ tanked well under your strike...what did you end up losing on this trade?
Hi Henry, which platform/ broker are you using？
Great straight to the point video very well explained thanks for your transparency 👍
Thank you so much just did my first iron condor an made 80$ in just a week man awesome! If you do the research there is such little risk!
Henry do you set a stop lose on put credit spreads? I really like your video on put credit spreads but I'm not sure how to cut my loses if I'm going out of the money.
What website do you use to buy/sell put and call options???
Henry, much clearer then the last Iron Condor video! Thanks, wish you the best!
I like the most put credit spread on a beaten growth stock with great fundamentals like NIO, PINS or a stable blue chip like Apple when its under correction with good spread but atleast 3 months ahead. Technical analysis increases chances for expiring worthless. Good example is NIO 18 February put credit spread sell 30$ put and buy 25$. This is almost 100% sure because NIO is getting after Tesla scary fast and its 52 week low is 30.7$. It has huge support at 38$ and 50 SMA is there. With this example you get like 17-18% return.
This is great information but I would like to object to the risk to reward of these spreads. Putting up $1000 of collateral to collect $100 is a risk factor of 10 to 1. Sure it's unlikely to happen as you indicate with the low delta but if the trade goes against you...that's still $1000 on the line. I personally look for spreads that pay out with a risk factor of no greater than 5 to 1 but my target is 3 to 1. I currently have a few HUT put credit spreads expiring in December that have a risk factor of 2 to 1. So if my collateral is $300, I'm collecting $150.
Bingo! vertical spreads do not have a positive expectancy. I watched a few of this guy's videos and they are all horrible. Never talks about risk, only how much money you can make. The only spreads I would do are diagonal or calendar. If you are going to do a vertical spread you need to take in at least 1/3 of the width of the strike... for example on a 5 dollar wide strike you should take in at a minimum $1.66 and close them when you hit 50% profitability. This guy doesn't really seem to know what he is doing.
@@emmamindfullytrader5454 quit while you are ahead.
@@jeffreyeidelman2698 yes Verticals are very dangerous when buying and selling between one point. And if prices hit below your sold strike you’ve lost a big portion of your collateral. Best case scenario is to have a definite stop loss on open and make sure your spread width is wide enough to absorb a huge move against the position without loosing all your collateral. But a 1:2 risk to reward Vertical with 2-credit:1-stoploss being a good move for most people.
Thanks for posting this reply. I'm just getting started, so I thought it was just me thinking this was a lot of risk for so little reward. I need to find a new channel to watch lol.
Selling a put vs Selling a put credit spread is referring to the same thing?
Short Iron Condor:
Buy Call Strike: ( $120 )
Sell Call Strike: ( $110 )
Current Stonk Price: ( $100 )
Sell Put Strike Price: ( $90 )
Buy Put Strike Price: ( $80 )
The Strike Price is simply the
Betting price with Delta telling the percentage probability of reaching said strike price before your opinion expires.
Now my question:
1. Why not just go a week or 2 out with a Short Iron Condor with a stonk( 🤣 sorry couldn't help myself ) like Walmart?
A video on picking the right call/put to buy for those of us that can not sell options yet would be appreciated
Isn’t delta the amount that the option changes with stock price? I’ve never heard it referred to as a percentage of being in the money
Yes, SQ is currently below $200, but there's 1 week left and next Fri is a Quadruple Witching day. SQ could very well hit 200 again (though it may not until '22 due to tax-loss harvesting).
So ... a complete derivation of the expected return of this would take more space than a UA-cam comment, but without doing the work, my first thought is:
You win 10 times more often than you lose, but you lose 10 times more money than you win, thus on average you make nothing. A stop-loss would of course change these dynamics, but that's my first thought.
when should i close them ? wait until expired or close them right before expire ?
Why we have a -0.14 delta on the sell put and on the buy put we have a positive number? It couldn`t be there a negative number as well? or it`s just because we are buying, hence the +
Uncle Henry will you be offering any Black Friday discounts again this year on your options course? I’d love to pull the trigger and get started but I can’t quite afford it. Thank you so much!
How much is the course? I can’t find the cost.
Ask ben@investwithhenry.com for a black friday sale. I'm not 100% sure but I do know the team has payment plans and at the end of the day we are here to make you money not take your money so I'm sure they can work something out!
it's by call only with email
Can you please show how to enter a stop loss in an Iron Condor? Great teaching video. Thanks
Did you take this trade? Would love to see a follow up on this. Did you make an adjustment/roll, looking to take max loss or since you still have time, waiting it out and hoping for a rebound?
I used to love Iron Condors until the Covid crash last year. Took out 75% of my small account. Yes, I used too much of my account. They were diversified though, but none of that mattered when everything tanked. I think seeing how to handle something like that, or what is going on right now would be really helpful to learn how to mitigate losses.
I've watched a few of this guy's video's and I would not follow any advice from him. Either he sold it or is going to take max loss or maybe he'll hold it because he doesn't know what he is doing and it will expire between the strikes and they will put the stock to him lol
It almost impossible to roll spreads for a credit and you should never roll them for a debit. And when ever you roll you have to think... would I put this trade on again? Wall Street like to say things like, "you're keeping the dream alive"... no, you're not... you're closing out a losing trade and opening up a new trade. Even if you can roll them for a credit, it's usually very small because of the long option. IMO spreads or condors and not a great strategy (I'm talking vertical, not diagonal or calendar, I like those spreads) . They do not have a positive expediency. You're risking 1 to lose 2 or more. If you do them you want to make sure you are taking in at least 1/3 the width of the strike. For example if you have a 5 dollar wide strike you want to take in at least $1.66 and you should close them all at 50% profit. This guy doesn't seem to have a clue what he is doing and I hate these videos where people only talk about how much money you can make... either they don't know what they are doing or they're praying on people's emotions.
@@jeffreyeidelman2698 I tried a couple times to roll spreads, but yeah, wasn't worth it. I just recently got back into trading and I'm running the Wheel now. Last week got assigned 4 of my CSPs, but they have all been trending up the past couple of days. I personally feel it's "safer" because at least if the market crashes you get shares of stock. Granted, you might be bag holding for a while, but it's something.
@@jeffreyeidelman2698 You sound like you know what you're doing, what I don't get is why would you close it at 50% profit? I'm quite new to this, so would appreciate your explanation. Thanks 🙏
@@0o_KASHIII_o0 I don’t close all my option trades at 50% but I will close iron condor or vertical spreads at 50%. And an iron condor is just 2 vertical spreads. Having said that, I almost never let my options expire unless they’re really far away from the strike. Gamma works against option sellers in the last week.
Anyway, I don’t sell a lot of verticals or iron condors for a few reasons…1)When you sell options you want time to work in your favorSo they decay quickly and you can keep the premium, but when you’re selling and buying in the same expiration You are essentially neutralizing theta,, so the trade may go in the direction you want to go but with a week or two left it’s still not that profitable… Meaning there’s still a lot of premium left, 2) I don’t have a positive expectancy, meaning you’re risking 2 to make 1… and 3) they’re very difficult to roll out in time and receive a credit.
For those three reasons when I do sell vertical spreads, I don’t like to hang around that long because if you find yourself in trouble there’s not much you can do. You can either close it for a loss or just hope the short option doesn’t go ITM… and I have found that hope is not a very good strategy :-)
And what ever you do make sure the options are very, very liquid or they’ll kill you in the bid/ask.
Do you need to buy 100 shares of the stock you are iron condoring?
Can we set a Stop Loss for Options???
This week I was trading Tesla Iron Condor contracts and won all 5 trades :)
nice, thats too bold for me tesla just rockets sometimes lol
Was it a weekly trade? What was the collateral per trade and strikes?
@@szaky7399 Yes, weekly trade. 10 points width with 15 delta on both sides.
Hi Mike, how can I get in touch with you ?
Sep 2021 earning went down more than 99% and you decided that the stock price will not go down below $200. Wow I took your recommendation as you have 155k subscribers and that 5 iron condor blew out my account.
One tricky thing with trading options is that delta or PITM is not really probability as many people believe. It was only a 14% percent chance of but it happened anyway and the price continued much lower. PITM is just a calculation derived from price of the option. Price is just from peoples expectations and supply and demand for the option. So if it's low pitm it's because people don't expect a big movement but that's not the same as mathematical probability. I like the approach you use of basing your short strikes more on the Bollinger bands and TA instead of delta / pitm. This is a much saner approach.
Hope that trade was successful. SQ took a nose dive touched 171 on daily. How do you get out of trade when it moves against you?
And we are here at $167 how is the options doing?
Hi Henry, is this strategy works with large amounts ? if not each one you recommend ?
SPY, AAPL, IWM, QQQ and a few others for large amounts. SPY is the best. Good luck
Can you make a video on how to sell a put credit spread or does it have to expire? I usually buy them for a week. Thanks!
Are you trying to close a credit spread? If you are, you just have to buy the leg you’re short on and sell the leg you’re long on. So basically just do the reverse to close it.
With spreads what happens if the stock falls between the spread. You get assigned do you then sell it at the market Monday morning? I have not experienced this so would like to know.
great Strategy and very well researched. Thanks
The important lesson is that 86% is only the probability when you enter the trade.
What platform is this?
It does not let me purchase 2 or more options on the same order. Why?
So to clarify, this trade absolutely lost money right?
Between the 190-270 it says that expected profit will be $140. That $140 is collected from all options premiums together and summed up?
What is max allowed leverage?
Awesome video, did my first Iron Condor.... question though, Limit order, do you set a limit for each of the four transactions or do you have an overall limit. I did the entire trade before I realized this. I am signed up with your training and am a Silver access member. I'll look around the Discord and ask the question there too... but I am thinking others can learn from this here.
On most brokerages you set one overall limit
you trade the orders as a whole, but there is less liquidity because of that
Questions.. if you let the buy call expire then wouldn't it exercise the contract?
Despite the market crash, I still thank you for the level-headed financial advice. I started stock and crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio
Thanks so much Mrs. Jasmine Adelle.
@Quinton INVESTWITHADELLE
How much money $ required to short 1 lot option open with out hedges....
As of now Square is at 170, curious to see how this ends on Friday
This is called Long Condor or Short Condor?
I am looking for a sure fire way to earn about 2% monthly in options premiums writing covered calls options on ETFs like QQQ. Is it possible to have a safe and secured strategy?
I feel like it’s a little misleading because opening another leg increases your chances at a loss. It’s just important to be careful when trading options and know what you are doing.
What he doesn't tell you is that if try to sell any calls, you have to have at least 100 shares of that stock before selling call options. If you're selling put options, you need enough money in your account to cover the strike price, i.e. $7 strike price you'd need at least $700 in your account. So these ideas are fine and dandy but if you don't have enough capital first either as stocks or $$$, you will not be allowed to make these trades.
That’s what I thought.
How do u close?
It’d be really nice if you talked about the risks of these strategies..
Harry I appreciate your work so much I'm from Youngstown Ohio and I've been studying you for the past couple months before I made any trades. We're just taking his courses and listening to his information I've been able to grow my portfolio thank you so much bro thank you so much bro
You got it brother
@@InvestwithHenry do you think you could do a video at some point on the technical analysis you do. Or some good technical analysis to use when looking to enter trades?
What abt lordstown Ohio ride longcalls 2024 looks pretty good
I thought I’m only spending 200 bucks now I need thousands of dollars of capital just to trade options??
I've been finding that it takes some adjusting to have these orders execute.
Great video signed up for Tuesday call would love it if you could be on the call. Are you at risk on this trade if the underlying goes below or above your strike but still has a lot of time left, basically asking will someone assign you with lots of time left?
@@emmamindfullytrader5454 Hi is your journey with Henry a subscription and how does it work?
yes
@@InvestwithHenry I signed up for a call Monday 7th . can you join?
That was a helpful explanation 👌🏻
In this strategy...nvm! Keep winning HENRY!!
great video - learnt a lot why Iron condors are very profitable.
Can’t do this on Robinhood..????
In step one of the Iron Condor I understand that you would sell a put at about the low end of Bollinger (which you selected the $200 strike price). But in step two (buy a put) why did you select the $190 strike and not the $195 trike?
Access to a good information is what the investors needs to progress financially and in life. Here is a good one and I'm grateful.
looking at square at $170 at 12.7......
Up $3200 on Sq puts 🎯💯. Uncle Harry !
SQ was $167 on December 17 2021
I have been using the golden albatross strategy. Also very profitable.
"SQ is unlikely to go below $200..." Ouch. SQ is $166 today. -$864 loss. Going to take quite a few "high probability trades" to get that back. Be careful out there.
He says he sets a stop at about 70-80% loss. So I guess that's how much he lost. This risk/reward ratio seems way off.
How can I get into your private group?
no one ever explains how to close it and get ys money or do u have to wait for it to expire?
Henry- On your spreadsheet it shows you put up $5k collateral and earned a $850 premium. Wouldn’t that be a 17% return? Where is 20.48% coming from?
Can’t you get assigned though for f say the stock drops to $195 but does not fall to the $180? Then your forced to buy stock at $19500? This could crush smaller account holders
Thank you so much Henry..........I wanna be stupid rich like you one day........and stay in a nice place like Colombia while I make myself stupid richer 🤑
How to close options?
What’s the link for the discord
I'm running this strategy now on 3 high probability stocks and will report back if this works at all
how do you join the discord?
email uncle@investwithhenry.com
SQ closed at $167.06 on December 17th. I guess this was a miss.
$140 of $1000 is not 5x profit. Nor turning $200 into $1000 unless I'm wildly confused.
I like it bro, SQ broke its 300MA support today so a better premium is likely as it looks bearish for the short term
To sell the options...don't you need 100 shares per...so in this case are you holding 200 shares of square?
you dont need any shares for this
I'm here to say I'm not watching this click bait. If people buy into it I feel for them
I'm looking at SQ chart and it's a pain. It fell in December greatly . 170 USD at 17 of December.
Clown in the video on Nov 19: Square (SQ) is unlikely to hit $200 by Dec 17.
SQ on Dec 17: $160! BHAM!
SQ on Feb 3: $100! BHAM!
Funny to watch this now when SQ price is way way way down than the 200 USD lower Bollinger band line 😄
I absolutely love your videos please keep it up .
so if I understand correctly.. you can sell a put which means your putting up the strike x100 as collateral. But If I buy a put at a lower price I don't need to put up any money? confused ? A sell means you have to have the money to buy the stock. A buy means your going to buy if it hits that strike.. your still going to put up $19K... what am i missing?
Collateral or margin required to cover a credit spread is 100 times the difference in the credit spread strikes, minus the credit you received for the credit spread.
For instance: One $200 STO / $185 BTO put credit spread for $0.75 requires collateral/margin of $15 x 100 - $75, or $1425. This is your max loss.
Great explanation of Iron Condors!
Square stock price went below $200 since December and traded at $167 on expiry. Took a $860 loss for a max of $140 profit , how cheap!!!!
Well explained and inside...
Thank you very much...
I like trading options thank you for the new strategy.
I keep getting screwed with iron condors. I always do at least 2.5 standard deviations and some technical analysis to enter. I look at rsi and a few other things. But I am 0/2 on iron condors.
I've lost so much money trading options. I've been taking the riskiest path by buying puts on PYPL. My first day, I was in the profit range of $500, and I got greedy and didn't sell. I didn't understand time decay would make such a huge difference. The next day, I was at -$100. I thought it would keep going down, but it's so low that it hasn't been going down much since that day. I've lost about $600 total. I'm addicted and can't stop. Fml.
This was a beautiful video
can you share your discord link? is it paid server ?
Man idk how you’ve been winning with ic’s, my call side on every trade i’ve done keeps getting blown out
You could probably roll the put side (to make more of an iron butterly). This will help reduce losses on ic's.
I would strongly advise in this Biden-market that one doesn’t go beyond 1 month out. I don’t see things turning around even in the next quarter but this is such a traders’ market rather than investors. The inherent high volatility can get much higher and cause irrational swings.
Fantastic video!! Giving this a shot this week with one of my fav stocks that is trading sideways real hard lol 😆
Good luck!!$$$
How did it go?!
She didn’t say a word
Oh dang i forgot to report. Sorry folks i wasn’t able to execute due to not enough volume. But I’ll try again and let y’all know. The markets are crazy right now
Well I guess this trade didn't work out too well SQ went down to 170 lol
Subscribed ! Great content
This aged well... SQ at 174 now :(
Retired with a 7 figure portfolio and Receiving about $43k in dividends. I have been in the Stock market about 20 years. Am I worried? Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding more at a time. my investment strategy with my FA actually calms me down. Eye on the prize, stay the course!
total noob here, your FA if you don't mind can you link me ?
that's quite impressive, you've surely made a good bit of money
sure! she goes by Rita Wildrin Mora, you can search her up to connect with her
Growing affluence is such a lovely thing to see
The only issue with this is the fact that Robinhood has to grant you Level 3 access to use iron condors and they essentially refuse to give you access to that no matter what. I have the capital and history to prove I’m capable of profiting, I’ve been using them for years and they still deny me level 3. So these videos are only useful for a very, very small and select group of people unfortunately