This channel is all about generating income using dividends and options strategies. I make my living trading and doing various side hustles, so I think I have some valuable info to share. That's where this channel comes in. Subscribe if you're into this sort of thing.
I'm not a financial advisor, so this isn't financial advice. I'm just showing what I do and how I trade.
Thanks for the tip on the ETF screener. I have been searching for a quick way to identify candidates to further research for the wheel strategy for a while now and you’ve come to the rescue.
As long as you're comfortable with the volatility on those they can be extremely profitable. When I want 3x leverage I usually just go with TQQQ, but yours seem like great choices as well.
@@yieldcollector thanks for the answers. I'm curious if you have ever run the Wheel strategy on : TQQQ and SQQQ simultaneously ? The reason I ask is because you can get assigned on a very big dip in the index and can't write calls because the premium to break even is there.
@yieldcollector For the wheel strategy, you don’t know when you will be assigned to sell or buy the underlying stocks, nor do you know if you will hold the stock during the ex-dividend date. Should you avoid dividend stocks for the wheel strategy?
Wow, what an amazing video. I was wondering about at the money calls for a stock on which I'm bulling, purchasing them with an expiration time of one year, because of the delta those have. You know how sometimes you think you've come up with an amazing idea that's going to give you an extra edge in the stock market, only to find out the hard way that there was a flaw in your thinking. So you confirmed my hunch about this. Something that I like a lot is the fact that your reward to risk ratio is in your favor. I got burned today with several shares of NVIDIA I was holding. To think that with all the money I lost I could have gotten into this type of strategies, just blows my mind. Thanks a lot!!
can you make videos on how you set your premium scanners on market chameleon for....everything- you're really good at explaining what everything means!
i would love to comment i trade at SCHWAB and for the last 6 Weeks or more i fined that the data stream that is fed to all your studies are not working ( RIGHT ) at time's for 1 min Futures /MNQ and most likely everything that has a STUDIES incorporated into a SCRIPT . MOSTLY WHEN TRAFFIC is HIGH . how to check set up 2 of the same MACD 1min CHART same with STOCHASTIC then just do your thing keeping an (EYE) on the ( MACD) watch for a Difference . . between the 2 try researching NTP/NetworkTimingProtowcall's
New subscriber here. I am a female who just started options trading about 2 months ago. I have watched countless videos on trading options, and yours explained LEAPS and their profit potential the best. I already knew they were powerful. The one thing I am surprised to learn is the fact that "out of the money" brought in much higher profit percentages. But I thought the "deep in the money call" would have produced bigger profits than out of the money due to DELTA being higher in the money? I guess it is more complex than that. In that case, I plan to start buying slightly out of the money from now on and save on the premiums. ❤❤😍 Thanks a million.
Yeah, the higher delta is great for the deep ITM long Calls. But as far as profit percentages go, ROI = (Profit/Investment)*100. The deeper ITM the long Call is, the higher the "Investment" value is (the lower the ROI). But ITM long options have a lower break-even value than OTM long options, so what you give up in potential ROI, you make up for in higher probability of profit. It is a give and take.
@@yieldcollector oh I see. So if someone has the capital to buy ITM it makes sense to do that. A win is a win either way. Thanks for educating us. 😊👏🏽👏🏽
Where did you see the Delta? You kept saying 30 days out of the money 10 Delta and I could not find where you were looking. I didn’t see any deltas shown. I’m referring to the first sheets you pulled up showing the large list of all options
It doesn't show the deltas on that list. In Active Trader Pro, it is assumed that "near the money" is 35 delta, "out of the money" is 20 delta, and "at the money" is 50 delta. You can see (or tweak) the specifics of the criteria used if you click on the "strategy" of any result in the list. Then you can click on the "Edit Criteria" button.
It depends if the underlying goes up or down in that time. If it goes up you will most likely be able to sell it for a profit, and if the underlying goes down you would sell it for a loss. It all depends on how much the underlying moves.
Seems like a lot of extra steps, why isnt there an api to automatically just import all trades and fill all the data in automatically with one click rather than having to go through this copy paste routine??
Sorry I haven't made many videos lately. Just haven't been in the mood for it 😔. I pretty much trade the Wheel Strategy exclusively now. Slow and steady gains are what I go for.
What is the point of PMCC if you would earn more from just selling your long call, and if you get assigned you basically just created a debit spread which has less profit than just a call. "Sell covered calls on stocks your bullish on!" Why? So you can get assigned then not have any shares?
If you select 1 day for the backtest time frame, is it only looking for crossovers on the 1 day time frame chart, or all crossovers that happened at any point of the trading day in the range?
I believe it checks at the market close if a crossover happened. So the crossover would have to be intact at market close for the trade to trigger the next trading day.
the fact you didn't know you were in a bull market at recording the video is why the whole approach is BS. Main take aways: buying is good when in bull, but we can't know when we're in bull. Gotcha!
You could also sell deep in money covered calls with similar downsides protections that you like on your cash secured puts. A lot of the time the call side will pay that 5% extra in additional premiums. The pro to selling the puts is that it just seems like a much cleaner trade.
I mean to be fair your strategy is sound. But I guess thinking of the whole picture. Neo's has fund qqqi that produces about 14 to 15% yield recovered within days in the last drop and has multiple tax savings First it does some constructive return of capital next it uses the selling on indexes 60/40 split so that it gets 60% long-term capital gains and then 40% short-term capital gains on the distributions. To be fair it doesn't have a long enough track record and we're in a turbulent market to see how much upside in market return it's going to have yet. But depending upon your tax bracket and a few other variables I think it's a pretty good competitor for what you're talking about exactly. Great content as always and definitely got us thinking
Thanks. I actually own some QQQI, so hopefully it holds up well over time. Also, since I made this video I believe that QYLD improved their strategy a bit which should help with the NAV erosion problem.
@@yieldcollector maybe but there is a lot of competition in that space. Also wanted to say thank you because your videos helped me teach my wife to sell puts and sell covered calls wheel strategy when assigned. It's one thing to try to show someone how to do it but once I got her the basics of the options chain it was much easier to let her watch a few of your videos and then go back over it with her. Keep up the great videos
