Covered Call: https://youtu.be/SrBTqAVtqjo Cash Covered Put: https://youtu.be/yDpMKDZdJe4 The Wheel: https://youtu.be/_uKo-bO35-Y

#Options #Investing #Trading #Robinhood #thewheeloptionsseries

Broker I use to trade (Get 1 free stock): http://robinhood.samkling.com

Charts I use: http://charts.samkling.com

I use M1Finance for my long term portfolio: (get $10 free): http://m1finance.samkling.com

#Webull is a solid alternative to #robinhood for trading/Options: (get 2 free stocks): http://webull.samkling.com

Hey team, It’s Sam back with another #options #trading video. It’s week 2 of “The #Wheel #Options #Trading #Series”. And much like my leftover dominos pizza in the microwave…. the stock stock market is heating up just in time for #FAANG #earnings season. But Maybe what do you guys think? Should it really should be FATANGS? because let’s be real Tesla is riding a rocket ship straight to mars along side #Elon and #Spacex. And #Spotify just decided to take the bull by the horns in the podcast world... hoarding #Joe #Rogan all to themselves and bringing #tiktok star #Addison #Rae over to the cool kids club…. of long form media.

Alright enough of the news, let me catch you up on what's happened in the account since my last #Options #trading #series #video. If you haven’t watched that video you can check it out from the link in the description or in the upper right hand corner of the video. And while you’re at it make sure to SMASH the like button on this video and subscribe to the channel for Options Trading Videos, we have some good ones in the works, so you won’t want to miss out!

Turns out Stimulus talk and #JPow and his printer were at a gridlock (much like congress) for the financial sector. They didn’t care at all. Both KeyBank and Bank of America moved sideways throughout the week. Which honestly is fine for us. We get to keep all of our premium and just repeat what we have been doing. Sell puts until we get assigned, and sell calls until we get our shares called away. Since I want to sell those new options today I will buy back all of the contracts for $1 each reducing our total profit by $3-ish. Speaking of total profit this week, its $49. Not a lot but that's $49 more than last week. I will gradually take this money from selling premium and reinvest it into Bank of America shares until we have accumulated 100.

I want to do a little monthly recap since its the last day of the month. This month we sold 18 options contracts and collected exactly $340 in premium, which is freaking sweet. So I made $340 in one month by selling options on stocks I like to own. I am now $340 richer and it feels so sweet. Bringing my total profit from selling options to $942 since May. This just goes to show that $49 per week can add up, and having high weeks and low week ultimately will balance eachother out. There's no reason a small trading account can’t produce some awesome income. I never had more than $6000 in my account and honestly that was only the last week. For most of the month I had $5000. Which means this is totally doable for most people.

Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. Also, some of the links in this description are affiliate links and I may receive kickbacks for using them that help support the channel. These links help me continue to make videos and continue to increase the quality of videos.

Thanks for watching!

contact: [email protected] Beat made by Chuki Beats: http://www.youtube.com/user/CHUKImusic Beat by Bazanji https://www.youtube.com/watch?v=niP6q9mBhc4