I Hit 12k today trading. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Louise O'Brien for helping me achieve this.
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Having an lnvestment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know
I have a female advisor named Eleanor Bonnici Deskin. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
can you close you cash put anytime you want??? say it went down to your stirke price on day 4.....but then went back up ant expired over at experation day?????
PLEASE, do a short video of: "A day in the life of a successful trader." From the moment they awake to the moment they goto bed. If we want to become someone or something, then we must imitate their every behavior and how they think. So this type of video will lay the foundation for what we want to become. Thank you.
It's nice to see Seth present an honest-to-God strategy (and not just a tool, which is all selling a credit spread is for example), with realistic descriptions of risks versus rewards, and also the useful tip that the "Wheel" will tend to underperform in very bullish conditions for whatever the underlying stock is, and overperform in bearish conditions (assuming that is that the stock is still in a bullish mode, long-term, as Seth cautions about!). Some of the previous videos I think gave what I believe were somewhat unrealistic claims, which in reality, only would be as wonderful as claimed because of the cherry-picked time period that was used in the demonstration. And they tended to understate or not go into to any real extent into the downsides and the risks involved. This one was not like that, it was realistic and a grounded, realistic presentation, presenting both the pros and cons and realistic expectations, and in a variety of different market conditions (bullish, sideways, bearish). Excellent job Seth! Very good education. Thank you.
This is an incredibly profitable strategy when executed correctly. Anyone who wants the potential without having to actively trade could also get an options ETF like WEEL.
Using puts to buy stocks for long term: YES The wheel: NO. 12k of option premium vs 1 year buy and hold spy which was about 25k profit. And if the market goes down a lot, you'll be left with expensive shares and the wheel stops turning because you cant sell calls on the strike price you bought the shares. So no wheel in market up or downtrends, only in ranging markets. Sell cash settled spreads if you want to earn money with option premium and only sell them when VIX is up.
@@brandonwelty-x6nwhat a bunch of cry babies, build your own strategy then you fools. This is a tiny introduction for beginners. Not for Wall st titans like you who’s hindsight is 20/20😂😂
You own those shares, so there is no reason you can’t sell calls on them and earn the premium. The question is, when, if ever, will the market get back to your strike price. Look at it this way; when you sold the puts, you had to have enough $ in your account to meet your obligation. So that capital was tied up. You could earn MM interest. If you get assigned and you have to buy the shares, your money is still tied up, just in the form of stock. You could earn a dividend, and you can continue to earn premiums from the call sales. Your real risk is the stock declining significantly and for months/years. But that’s the risk of any investment. The other “risk” is selling calls, having the stock called away and then going much higher. But that’s no risk of loss, just lost opportunity.
It’s a great video. But I wanted to know what if the stock keeps falling further down and the call options are too far to give any significant premium. Then what would be the strategy?
It appears smb plays it safe by picking an etf or stock that they know its performance from years and months gone by, for this example SPY. They know the SPY is continuing to grow as long as there's no major recession or depression in which case they might change strategies by buying long puts in a bear market.
That's why the underlying stock or ETF needs to historically lead one to be bullish on it. As Seth said, the SPY has performed pretty well over the years.
You also are failing to mention that at any time you can buy back the put that you sold. I think it’s important to teach the new traders that options rarely go to expiration. They are usually bought back or sold before expiration that’s critical piece of information.
Impossible for everything to be said in one video. new option traders need to continue to do research and not expect everything to be taught in one simple video. There is so many other things, there is weekly, semi weekly, daily expirations etc.
That's what I was thinking, doesnt it make sense to buy it back before it expires? honest question, I am just starting to get into this strategy. I mostly scalp the SPY on catalyst.
Great job covering the essentials. I’m sharing this to show what’s possible: as a retiree, I manage two portfolios-one focused on long-term dividend growth with strategic covered calls, and the other on crypto trading for income. This year, I’m on track to earn $120K from options and $730K from crypto profits, while my long-term portfolio continues to grow. It’s proof that you can generate strong income while maintaining a total return perspective. A key factor in my success has been the insights of a skilled guide like Loraine Souvenir. Her expertise has been crucial in helping me navigate and capitalize on these financial trends.
Having access to reliable information is crucial for us as investors to succeed both financially and in life. This is valuable, I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
Surprised to see her mentioned here! She tailors trading courses to suit beginners’ needs and really knows her stuff. Her advice has been invaluable to my trading journey-definitely worth it!
Wealth building and financial freedom are attainable with the right knowledge and tools. Using proper financial strategies and products is essential to growing and sustaining long-term wealth.. glad to know you want others to succeed
It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
I'm so impressed knowing how much people talk good about her expertise, i’ve been following Loraine’s strategies for months now, and I’ve finally reached the financial stability I’ve been striving for. Loraine's program has been the key to my success
21:39 If you bought and held for the same period (Oct2023 - Sep2024) you would beat this strategy by almost $10,000 + Dividends Correct me if I'm wrong
I'm sorry, but it's too simplistic, because if you don't choose the right timing and the right stock and once you assign the shares, the stock continues to fall, the call premium at the same strike as the put will be worth nothing. Are you coming to defend yourself?
Hello, I have two instances where the strike price was reached before expiration but no assignments were made. What does that mean? Apparently I still made money since nobody assigned those shares I still kept the premium. There was one other example where I actually made money by buying to close the short put that was never assigned, although it dropped below the strike price, any comments!, please. thank you.
You never get the shares assigned before expiration. That just doesn’t happen. It doesn’t matter if it just your strike price. And you will always keep the premium. The shares will only be assigned if the strike price was hit by the expiration date and you decided to not buy back the contracts.
@@mayanaztec6440Incorrect. You can have an option exercised and shares assigned before expiration. While not common, the closer to expiration the more likely
It is possible to still be profitable even if the strike price is crossed slightly. Because you collected premium you have to include that in your break even calculation. If strike price is $100, you sold a put and collected $1 ($1x100 shares) in premium, your brake even price is $99 stock price
Same amount of capital or less actually. And there is theta decay in the option contract so you can still be profitable if the market stays flat or dips slightly at times depending on where you set your strikes
Did you notice that if you were to just buy SPY for $88,600, you would have made over $22K at the end of the year instead of just $12K using the wheel strategy. So isn't just holding the SPY a better option?
Why do you use the same strike price of the Put on the Call? I always select a higher strike price for the Call. That way I collect a premium plus a profit on the stock. You are wasting an opportunity to make more money with no additional risk.
And what happens after you are assigned and then the stock keeps dropping and dropping and dropping... At that point you don't get much premium for selling the call right?
Yes, this is the weakness of the wheel strategy, as Seth says, you only want to use it when you're pretty darn confident the underlying stock is bullish. And as Digitus250 indicated, if all indications are really bullish for the coming month, you can make a lot more with other strategies, including just buying a call, or buying a call and maybe selling a further out-of-the-money call to hedge risk and try to boost profits further.
SMB's Options Class: bit.ly/4hglnch
I Hit 12k today trading. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Louise O'Brien for helping me achieve this.
You trade with Louise O'Brien too? Wow that woman has been a blessing to me and my family.
That woman has changed my life for good. I attended her investment class couple of weeks last year and she’s the best when it comes for Guidance.
I'm new at this, please how can I reach her?
I'm happy to see Louise O'Brien mentioned here, my husband recommended her to me when I was in Germany during Covid, she's amazing.
I was skeptical at first till I decided to try. It's huge returns is awesome. I can't say much
The idea of investing a significant sum of money may be both thrilling and intimidating. There is potential for considerable wealth increase with the correct strategy. How can one take advantage of compound interest and potentially grow your retirement savings to about $1M over time?
I think the safest strategy is to diversify investments. Like spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
Having an lnvestment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know
impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
I have a female advisor named Eleanor Bonnici Deskin. I recommend researching her. To be very honest, I'm glad I decided to let someone handle expanding my finances even though I almost didn't think I should.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Great video! I really do have a question. For someone with less than $10,000 to invest, how would you recommend we enter the crypto market? I am looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
Trading in Bitcoin now is the wisest thing to do now especially beginner....
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
I know someone who can help you Naomi Tyler
can you close you cash put anytime you want??? say it went down to your stirke price on day 4.....but then went back up ant expired over at experation day?????
Options trade all day long. You want out, get out. However, if the market went down to your strike on day 4 you would be getting out at a loss.
Thanks Seth
seth well done how can i get in touch with you
И снова классная связка, каждый раз радуете все сильнее и сильнее
PLEASE, do a short video of: "A day in the life of a successful trader." From the moment they awake to the moment they goto bed. If we want to become someone or something, then we must imitate their every behavior and how they think. So this type of video will lay the foundation for what we want to become. Thank you.
Is it better to do this weekly or monthly?
Recommend 30-60 days. Around 45 preferably
What stocks or ETFs do you trust, some traders don't have more than $10 k to put up for collateral selling puts for SPY's high caliber performance.
It's nice to see Seth present an honest-to-God strategy (and not just a tool, which is all selling a credit spread is for example), with realistic descriptions of risks versus rewards, and also the useful tip that the "Wheel" will tend to underperform in very bullish conditions for whatever the underlying stock is, and overperform in bearish conditions (assuming that is that the stock is still in a bullish mode, long-term, as Seth cautions about!).
Some of the previous videos I think gave what I believe were somewhat unrealistic claims, which in reality, only would be as wonderful as claimed because of the cherry-picked time period that was used in the demonstration. And they tended to understate or not go into to any real extent into the downsides and the risks involved.
This one was not like that, it was realistic and a grounded, realistic presentation, presenting both the pros and cons and realistic expectations, and in a variety of different market conditions (bullish, sideways, bearish).
Excellent job Seth! Very good education. Thank you.
This is an incredibly profitable strategy when executed correctly. Anyone who wants the potential without having to actively trade could also get an options ETF like WEEL.
Elementary, my dear Watson. Elementary.
Using puts to buy stocks for long term: YES The wheel: NO. 12k of option premium vs 1 year buy and hold spy which was about 25k profit. And if the market goes down a lot, you'll be left with expensive shares and the wheel stops turning because you cant sell calls on the strike price you bought the shares. So no wheel in market up or downtrends, only in ranging markets. Sell cash settled spreads if you want to earn money with option premium and only sell them when VIX is up.
Ive been selling puts on a stock the past months, had i bought calls for the same time id be up 3000% instead of 25%
Yup! NIO bag holder here.
@@brandonwelty-x6nwhat a bunch of cry babies, build your own strategy then you fools. This is a tiny introduction for beginners. Not for Wall st titans like you who’s hindsight is 20/20😂😂
What price are you in at @@Mixa2025
You own those shares, so there is no reason you can’t sell calls on them and earn the premium. The question is, when, if ever, will the market get back to your strike price. Look at it this way; when you sold the puts, you had to have enough $ in your account to meet your obligation. So that capital was tied up. You could earn MM interest. If you get assigned and you have to buy the shares, your money is still tied up, just in the form of stock. You could earn a dividend, and you can continue to earn premiums from the call sales.
Your real risk is the stock declining significantly and for months/years. But that’s the risk of any investment. The other “risk” is selling calls, having the stock called away and then going much higher. But that’s no risk of loss, just lost opportunity.
It’s a great video. But I wanted to know what if the stock keeps falling further down and the call options are too far to give any significant premium.
Then what would be the strategy?
It appears smb plays it safe by picking an etf or stock that they know its performance from years and months gone by, for this example SPY. They know the SPY is continuing to grow as long as there's no major recession or depression in which case they might change strategies by buying long puts in a bear market.
That's why the underlying stock or ETF needs to historically lead one to be bullish on it. As Seth said, the SPY has performed pretty well over the years.
You also are failing to mention that at any time you can buy back the put that you sold. I think it’s important to teach the new traders that options rarely go to expiration. They are usually bought back or sold before expiration that’s critical piece of information.
Impossible for everything to be said in one video. new option traders need to continue to do research and not expect everything to be taught in one simple video. There is so many other things, there is weekly, semi weekly, daily expirations etc.
or rolled...but the wheel strategy is taking possession of the shares and then selling covered calls
That's what I was thinking, doesnt it make sense to buy it back before it expires? honest question, I am just starting to get into this strategy. I mostly scalp the SPY on catalyst.
Great job covering the essentials. I’m sharing this to show what’s possible: as a retiree, I manage two portfolios-one focused on long-term dividend growth with strategic covered calls, and the other on crypto trading for income. This year, I’m on track to earn $120K from options and $730K from crypto profits, while my long-term portfolio continues to grow. It’s proof that you can generate strong income while maintaining a total return perspective. A key factor in my success has been the insights of a skilled guide like Loraine Souvenir. Her expertise has been crucial in helping me navigate and capitalize on these financial trends.
Having access to reliable information is crucial for us as investors to succeed both financially and in life. This is valuable, I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
Surprised to see her mentioned here! She tailors trading courses to suit beginners’ needs and really knows her stuff. Her advice has been invaluable to my trading journey-definitely worth it!
Wealth building and financial freedom are attainable with the right knowledge and tools. Using proper financial strategies and products is essential to growing and sustaining long-term wealth.. glad to know you want others to succeed
It's truly refreshing to see a comment about Loraine Souvenir. I've also had the pleasure of working with her for several months after discovering more about her online. She has a knack for simplifying complex issues, whether it's a market surge or decline. Her approach consistently keeps you ahead of the curve. I'd call her a guru, for sure
I'm so impressed knowing how much people talk good about her expertise, i’ve been following Loraine’s strategies for months now, and I’ve finally reached the financial stability I’ve been striving for. Loraine's program has been the key to my success
21:39 If you bought and held for the same period (Oct2023 - Sep2024) you would beat this strategy by almost $10,000 + Dividends
Correct me if I'm wrong
wheel is the best
I'm sorry, but it's too simplistic, because if you don't choose the right timing and the right stock and once you assign the shares, the stock continues to fall, the call premium at the same strike as the put will be worth nothing. Are you coming to defend yourself?
Hello, I have two instances where the strike price was reached before expiration but no assignments were made. What does that mean? Apparently I still made money since nobody assigned those shares I still kept the premium. There was one other example where I actually made money by buying to close the short put that was never assigned, although it dropped below the strike price, any comments!, please. thank you.
You never get the shares assigned before expiration. That just doesn’t happen. It doesn’t matter if it just your strike price. And you will always keep the premium. The shares will only be assigned if the strike price was hit by the expiration date and you decided to not buy back the contracts.
@@mayanaztec6440Incorrect. You can have an option exercised and shares assigned before expiration. While not common, the closer to expiration the more likely
It is possible to still be profitable even if the strike price is crossed slightly. Because you collected premium you have to include that in your break even calculation. If strike price is $100, you sold a put and collected $1 ($1x100 shares) in premium, your brake even price is $99 stock price
жалко что только 3 раза(
12% return.....nothing to brag about
$120k on $1millie
Yo you’re the typical goof ball, that likes to gives his dumb opinion but then actually does nothing to generate any money for himself
@@mayanaztec6440 It's not an opinion it's math, in his example he is using about 100K to generate 1K every month which is 12% return.
@@mayanaztec6440 It is not an opinion it's math, generating about 1K a month using 100K is 12% return per year .
@@skunkape5918 LOL
Спасибо за постоянные обновления Я предпочитаю торговать на фондовом рынке, так как это более прибыльно. Я зарабатываю в среднем 500 долларов в неделю
i dig in deep where im at, count on no system saviour.
12% gains but 23% increase in the required capital is a net negative, right?
Same amount of capital or less actually. And there is theta decay in the option contract so you can still be profitable if the market stays flat or dips slightly at times depending on where you set your strikes
I’ll have to find something that requires less cash since I only have about 30k, but I think I will give this a shot. Great video, thank you
Just like for cheaper good companies. And maybe do weeklies. I have a $15k account and I do about $100 a week
@@junemoran4550 just ran the first weekly cash secured put. Thanks for the idea of the “weekly wheel”
What's up with all of the bot comments? I was hoping to see more discussion of the strategy.
In this example, your ROI would have been better buying and holding the SPY for the year and selling OTM Covered calls
Hindsight is invaluable. If you can package hindsight on the market outcome one year in advance, I bet you could get some buyers.
Did you notice that if you were to just buy SPY for $88,600, you would have made over $22K at the end of the year instead of just $12K using the wheel strategy. So isn't just holding the SPY a better option?
you missing the entire point rewatch video
I think this is overly complicated. I have a pretty simple yet sophisticated way to earn profit daily, consistently, and with less stress.
Cash Secured Put... how many times will you make video on same strategy.
how ever many times it takes for you to give them $2000 on a cash secured put strategy workshop!
Also gotta put up fresh videos every so often to work the UA-cam recommendations algorithm
If you want cash flow, buy boring real estate and rent it out
Until the tenant stops paying and you can't kick them out because of tenant laws.
@@ricomajestic I own 85 houses, never had that problem, next one in line to pay the rent. My renters are all couples with double salary and educated.
Why do you use the same strike price of the Put on the Call? I always select a higher strike price for the Call. That way I collect a premium plus a profit on the stock. You are wasting an opportunity to make more money with no additional risk.
And what happens after you are assigned and then the stock keeps dropping and dropping and dropping... At that point you don't get much premium for selling the call right?
Only sell puts when the stock is at major support level.
Yes, this is the weakness of the wheel strategy, as Seth says, you only want to use it when you're pretty darn confident the underlying stock is bullish. And as Digitus250 indicated, if all indications are really bullish for the coming month, you can make a lot more with other strategies, including just buying a call, or buying a call and maybe selling a further out-of-the-money call to hedge risk and try to boost profits further.
Yes !! That’s why you should only try this with stocks you only really want to hold long term if need be.
.....or sell your put at a lower strike price, (lower premium), which decreases the chance of being assigned.