#1 How to trade options on #Robinhood (and Profit) | #Options #Trading #Series

The Wheel Video: https://youtu.be/_uKo-bO35-Y

Cash Covered Put Video: https://youtu.be/yDpMKDZdJe4

Covered Call Video: https://youtu.be/SrBTqAVtqjo

My Previous Video: https://youtu.be/_-HoPHVwPfk

Subscribe: https://www.youtube.com/channel/UC8vvd12e7UwAztUo565YSBA?sub_confirmation=1

Broker I use to trade (Get 1 free stock): https://join.robinhood.com/samuelk1695

Charts I use: https://www.tdameritrade.com/tools-and-platforms/thinkorswim.page

I use M1Finance for my long term portfolio:

(get $10 free): https://m1.finance/eHlo6xrwxuDS

Webull is a solid alternative to robinhood for trading/Options:

(get 2 free stocks): https://act.webull.com/e/2n3Y46ZpiHt7/h65/

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.

This time let’s make it a series. 

These videos will be less tutorial and more application of what we’ve learned. I’m going to make it up as we go but to start off let’s lay a couple ground rules:

I will mainly be #trading the #wheel #strategy but may mix in some other techniques including but not limited to credit spreads, day trades, and swing trades

Let’s get started.

So you clicked on this video because you want to learn how to trade options. Well you’re in the right place.

Maybe you were browsing the degenerates of r/ #wallstreetbets and saw some massive #gains turning a small amount of capital into a big pile of tendies. 

Or you heard option hedges mentioned on #CNBC at the bottom of the pandemic march lows. 

Or if you’re really lucky you found a trading guru that would teach you how to make a living trading options … so you can quit your day job … and with little to no experience … you to could make living trading options from anywhere in the world. 

Well I’m here to teach you none of that. But instead I want to talk about how anyone can trade options and consistently profit.   I will be using a powerful #trading #strategy known as the wheel. If you are unfamiliar, I have made 3 detailed tutorial videos describing the wheel that I will link below as well as in the upper right hand corner of the video.   HOWEVER knowledge of the wheel is not necessary to understand what is happening in this series. Only if you want to learn and implement yourself.

Alright enough rambling, you're here to learn how to trade options and profit so let's get to it and make some tendies.  Currently I own 100 shares of #GE, #BankofAmerica, and #KeyBank. I was recently assigned shares of these 3 companies because I had been selling puts on them.   This leads me to the NUMBER ONE rule when #trading #options if you plan on consistently profiting. We only sell options.   What does my account look like now?   Our total profits this week were $73 all from the premium we collected from selling the contracts. And I still hold 100 shares of Bank of America, GE, and KeyBank because the contracts were out the money so I bought to close them at super cheap. Next week we will be reinvesting that $73 into more wheels!

Thanks for watching! I plan on making new videos on the regular describing my wheel trades over the past week as well as things I’ve learned while growing this account.  Make sure to hit that subscribe button for more Options Trading Videos.   Thanks for watching!  

contact: [email protected]

The Best Options Trading Strategy? | The Wheel | Beginner Options

Subscribe: https://www.youtube.com/channel/UC8vvd12e7UwAztUo565YSBA?sub_confirmation=1

Cash Covered Put Video: https://youtu.be/yDpMKDZdJe4

Covered Call Video: https://youtu.be/SrBTqAVtqjo

Broker I use to trade (Get 1 free stock): https://join.robinhood.com/samuelk1695

Charts I use: https://www.tdameritrade.com/tools-and-platforms/thinkorswim.page

M1Finance Investing (get $10 free): https://m1.finance/eHlo6xrwxuDS

Webull Trading/Options (get 2 free stocks): https://act.webull.com/e/2n3Y46ZpiHt7/h65/

#Options #Investing #Trading #Robinhood

In this video I want to talk about my favorite #options #trading strategy, and arguably the perfect addition to a #longterm #buyandhold portfolio. Today we will merge the cash covered put with covered call and talk about a legen-wait for it-dary strategy known as THE WHEEL.

If you haven’t already, I would appreciate it if you hit that subscribe button so you don’t miss any of my videos in the future!

With that said, welcome back to the SK investing show. My name is Sam and today I am going to teach you about my favorite #options #trading strategy.

If you already have an understanding of the “#COVEREDCALLS” or “#CASHCOVEREDPUTS” then this video is for you.

Now I am going to introduce you to my favorite #ThetaGang trading strategy…...#THEWHEEL 

In the wheel strategy we will leverage both the cash covered put and the covered call in a way to maximize premium collection and gains that would otherwise not happen from a traditional long term position.

When you are at a place when your account has grown enough you are also able to withdraw the premiums as cash from your account to spend on whatever you would like...like bills, rents, mortgage, or that new lambo you’ve always wanted

This strategy can become very lucrative with large account sizes, and therefore can eventually become a significant source of income to where you could live off of it. 

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

Subjects I also enjoy: #dividend #investing #trading #IRA #Roth #stocks #stockmarket #coveredcall #calloptions #putoptions #growthinvesting #valueinvesting #personalfinance #ziptrader #sundaystocktalk #sunday #stock #talk #top3stocks #wallstreetbets

Make Money without owning a stock | Cash Covered Put | Beginner #Options #robinhood

Broker I use to trade (Get 1 free stock): https://join.robinhood.com/samuelk1695

Charts I use: https://www.tdameritrade.com/tools-and-platforms/thinkorswim.page

Other brokers I use & recommend:

M1Finance (get $10 free): https://m1.finance/eHlo6xrwxuDS

Webull (get 1 free stock): https://act.webull.com/e/2n3Y46ZpiHt7/h65/

In this video I will describe an options #trading strategy that will allow a #stock #market #investor to make money without owning a #stock called the #Cash #Covered #Put.

Welcome back to the SK investing show. My name is Sam and today I am going to be talking about put options. 

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. 

Before we get into #CashCoveredPuts lets start out with some #put #option #basics:

If you already understand Put options and would like to skip ahead to cash covered puts then you can skip ahead to this time here:

#Put #Options

If you remember in the last video talking about #Call #options and #Covered #Calls, #put #options are in simple terms the opposite of call options. 

Put options are a bearish strategy for when you think the stock or the market is going to go down. Kind of like a bet against a stock. 

There are 3 parts to an #options #contract:

#Strike #Price

#Premium

Expiration date

More or less complicated than Call Options? Thats for you to decide. Let me know in the comments. 

Let’s say for example we think #Apple’s stock price is going to go down this week. So we can look at #Apple’s option chain and select to BUY 1 Put option expiring this friday. By Purchasing this put option we are given the right to sell 100 shares of #Apple #stock at the strike price we selected, on or before this friday...IF #Apple’s price falls below the strike price. If #Apple’s price closes on Friday above the strike price then our contract expires worthless because it makes more sense for us to sell shares at market price since we would get more for each share.

In walks #Theta #Gang:

#ThetaGang is a group of options trading techniques in which the trader sells premium and profits off of #THETA Decay aka time decay of the options contract

The options strategy I want to talk about in this video is called the “Cash Covered Put” also known as the “Cash Secured Put”

Cash Covered Put:

Just like a typical Put option you have 3 parts to it: Strike Price, Premium, and Expiration Date. The key part of a Cash Covered Put is having enough money to buy 100 shares. Because by selling a put you are agreeing to a contract to buy the shares at the strike price and in return you get paid premium for this obligation. Having Cash available is key here because the whole idea behind this is if the price falls below the agreed upon strike price then you will be “assigned” shares aka forced to buy the shares at the agreed upon strike price. If you don’t have the full cash amount available then you will be taking on those shares in margin, which I don’t recommend unless you are an advanced investor. Just like margin can amplify gains it can amplify losses.

Learn how to increase your gains by selling covered call options. 

Video version of the episode: https://www.youtube.com/watch?v=SrBTqAVtqjo

#robinhood  

Broker I use to trade (Get 1 free stock): https://join.robinhood.com/samuelk1695 

Charts I use: https://www.tdameritrade.com/tools-and-platforms/thinkorswim.page 

Other brokers I use & recommend: 

M1Finance (get $10 free): https://m1.finance/eHlo6xrwxuDS 

Webull (get 1 free stock): https://act.webull.com/e/2n3Y46ZpiHt7/h65/   

In this video I will describe an #options #trading strategy that will allow a stock market investor to increase their gains on long term #investments.  Welcome back to the SK investing show. My name is Sam and today I will be your #options tour guide.   

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. After all this is just a random video on youtube.  

Before we get into #Covered #Calls lets start out with some #options Basics:  Buying #Call #Options (Bullish #Strategy) When you think a stock’s price is going to rise.

When you purchase a call option, you are buying a financial contract that gives you (the buyer) the right, but not the obligation to buy a #stock at a specified price called the “Strike Price” within a specific time period.

Sounds complicated I know.

Lets say for instance we think #Apple’s stock is going to go up this week. So we can look at Apples Option chain and select to purchase 1 call contract expiring this friday.

By purchasing this call option we are given the right to purchase 100 shares of #Apple #stock at the strike price we selected on or before this friday IF Apple’s price rises above the strike price. 

Premium is the amount the buyer pays the seller for the contract. Basically a fee for the ability to buy a stock at a certain price.

If Apple’s price closes on Friday below the strike price then our contract expires worthless because it is cheaper for us to buy Apple at market price.

Covered Call: 

In this strategy we won’t be BUYING call options, but instead we will be selling call options. Lets remember: a Call option gives the buyer the right to purchase a stock at a certain strike. Now what does it mean to sell a call?  Just like buying and selling stocks, there has to be a buyer and seller of options. Selling a call option means you (the seller) are giving the buyer the right to buy your shares at a certain price, for a premium. A premium is the price of the contract the buyer pays the seller. Remember in the earlier example of buying calls on Apple and we had to pay a premium? Well this time since we are the seller, we get to collect that premium. In order for this to be a “Covered Call” you need to own 100 shares of a company. If you sell a call without owning the 100 shares then you run the risk of having to purchase 100 shares at market price and give them up at the strike price of the contract. This introduces infinite risks and is not recommended.

contact: [email protected]

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