Appreciate the comment, glad you liked it!

Thanks for watching!

Thanks for watching!

Glad you liked it, thanks!

Thanks for watching! We’re working on building one and can make a similar video, however you’ll find that a lot of options will high put premiums will also have corresponding high option premiums

In theory the calls should be the same as the options. In fact, selling a cash secured put in the money is the same as selling a covered call at that strike

Very true! We talk about this a little further in the series but this is certainly not a list of great companies. That next step of diligence is very important.

You want to sell puts to make money. Buying means loosing > Theta decay - time is hard to beat.

I think the best thing that can speak to “what to expect” is our profit tracker. Since mid-2020 we’ve publicly tracked every single one of our trades. 2022 has obviously been a tough year in the market but we’re still +88% since we started tracking so don’t let the larger $$ losses this year scare you. This has been the worst start to a year ever for a market so this is a good picture of what “worst case” looks like, and we’re still about in line with NASDAQ. Here is the link: docs.google.com/spreadsheets/d/1LYRWoB-YsB0_c-gqiW0vZjMjCcpOR7Mj1QqcPUTCHLU/edit#gid=1311103808

Absolutely. Planning on making another follow up video and can cover that

Well that’s just depends what you’re trying to get at. Those have some insane premiums, and that’s exactly what we’re trying to find with this scan. However we agree that those aren’t the best to trade so our next video will be about interpreting the results of the scan and picking a trade

Thanks for watching! And yes this scanner can be used for free by downloading TD Ameritrade’s Thinkorswim software

@@thehourglasstrader9280 thank you sir! I will try it when I finish work and get home. Again thank you so much for the quick response :)

If you look too right of the results there should be a drop down menu for stocks, options, or stocks and options. You’ll want to select “Options”

You definitely can do that. Sometimes the list gets a little long and can be tougher to work with because it slows the software down or it can be tougher to work with in excel if you’re planning to export the results to a spreadsheet. Shortening the scan from the start solves that.

I like to enter trades (for the following week) on Fridays. That way you get a full weekend of theta decay to help you out. And while I ran this scan on a Friday for the video, I’ll typically look at it anytime during the week that I’m looking for a trade.

@@thehourglasstrader9280 Good point. Theta decay happens even on weekends when markets are closed.

If only we had known

Dude it aged amazing lol

Yeah there are several different brokerages that will let you invest in the US market. I know Interactive Brokers is one so I’d look into that

Been super busy lately but will definitely make one soon about how to evaluate the results of the scan!

It has not yet but I’m planning on making it this weekend! Been super busy lately

@@thehourglasstrader9280 ok will look out for it. If possible please include buying calls or puts from the underlying. Great video. Thanks

Great question! RoR is a metric that only applies to puts, so when we scan for that it will only bring us puts. When we see a ticker on this list with high premium puts, typically (almost every time) the calls will have high premiums as well. So it essentially works for both b

Yeah on thinkorswim there’s a drop down menu in the top right part of the screen which has an “export” option

I use the option scanner built in on Thinkorswim, which is what is shown in the video. It's available free of charge for anyone with a TD Ameritrade account, which is also free to set up. You don't even need to deposit any money!

@@thehourglasstrader9280 thank you very much. I live in Canada, is this Aneritrade only available in US?

Nvm, I managed to open one. Thank you very much.

So we're not scanning for someone else's options, but rather this provides information about current market prices of options. Then we can use this information to decide whether or not we think selling an option on the stock is a good idea for us

Yes, free to join the main chat. Link should be in the description of the video

I can’t find link of discord,

Correct, however if a stock has high put premiums it also likely has high call premiums as well!

I believe red means the individual option itself has decreased in value while green means it has increased in value

Yes it does. High put premiums almost always mean high call premiums

@@thehourglasstrader9280 awesome thanks love your content just started following 🤙

Using a scanner is to help you find new trades every week. Which it’s something I would encourage you to do as those stocks you mentioned are very dangerous

@@thehourglasstrader9280 I’ve been trading them consistently for a year already. Haven’t had any issues with them yet. I like that they’re not tied to any single company and are diversified in some fashion. I’m more worried about investing in a single company and that it’ll not perform as expected such as PLTR which I am down on. That’s why I’m focused on ETFs trades and investments now. I also own VTI, SPHD, QQQJ, VYM, KO, COLD, and a few others for long term.

@@RicardoHernandez-zr1pw the issue isn’t so much ETF’s, but rather that they’re leveraged ETFs. The market has basically gone up in a straight line over the past 18 months. The second things turn around people who are selling puts on those are going to get crushed

@@thehourglasstrader9280 That’s actually the best time to sell puts on these however. With increased IV or an increase in the VIX. There’s ways to trade these in any market condition. Someday I’ll make a video on how I manage these and trade them.

@@RicardoHernandez-zr1pw after the drop, sure. But if you’re selling them week after week and a leveraged ETF drops even more sharply than the overall market you’re going to be holding a pretty big loss. That’s why we think it’s best to avoid leveraged products because the downside is just too great

discord.gg/Y6Q4qTNR6J