People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

Angela Lynn Schilling is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.

When you make new purchases, be prepared with an exit plan. Think about taking some profits early to secure gains. I've been talking to a financial analyst regularly since COVID. Popular stock investing is easier now; the challenge is knowing when to buy and sell. My advisor handles investment and exit choices for me, and my account has grown to over $500K in less than a year.

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

Mind if I ask you to recommend this particular coach you using their service?

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and making informed decisions. Consider a similar approach.

@@Andrian-ch3on Wow, I bet that you cannot recommend anyone.

Kristin Amy Rose is the licensed coach I use. In doubt? Just research the name. You'd find necessary details to work with a correspondence to set up an appointment. Thank me later.

Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

Absolutely, making informed and thoughtful decisions when it comes to finances is crucial. Whether it's budgeting, investing, or managing debt, having a plan and taking the right steps can lead to financial security and success.

Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

I've been considering hiring an advisor for a long. Could you please direct me to your advisor?

I work with NICOLE ANASTASIA PLUMLEE. If you would like more information about her, you can conduct a search online.She got featured on CNN recently.

@Darylking265, I've done very similar trades in the past and they can provide you with a much greater return long term than just buy and hold on high paying dividend stocks. It's a version of the wheel strategy that I happen to like very much. Thanks for sharing!

Such a great strategy! I employ that very same technique as well. If you really understand options, and know what kind of possibilities there are to generate cash flow, a whole other world opens up. I use a philosophy called K.I.S.S. which means "keep it super simple" and I have done very well for myself with it in the options world.

@@luxurylife7464would like to hear more about how you employ your super simple trading strategy as I’m entering into the “wheel” strategy. One thing I’m not seeing much discussion on or maybe I’m not understanding when it’s discussed, is what are people looking at on the chart to determine engagement? This video did address this topic somewhat when mentioning entering / engaging once the underlying is depressed. Is that the only time people using the “wheel” / selling puts enter into these trades?

Amazing can you give a real life example of a high div stock you recently did this strategy? They would be really helpful

@@MStar10 Sure. Tues June 13th was the ex-dividend date for Camping World Holdings (CWH). I sold 4 cash secured puts on Jun 5th for the Jun 9 expiration $26 strike for $0.30 per share. On the 9th, I bought back the puts for $.03 per share, bought the 400 shares outright for $28.94 and sold 4 call options with a $30 strike Jun16 expiration for $0.20 per share. I wanted to own the shares before the ex-dividend date. Jun 16 I buy back the calls for $0.07 per share and sold 4 call option contracts for $0.44 with a $29 strike and a Jun 23 Expiration Jun 23 the calls expired worthless Jun 26 I sell the 4 calls with a $29 strike and a Jun 30th expiration for $0.30 per share. Jun 29 I receive a dividend of $0.625 per share for the 400 shares I held. Jun 30 Camping World Holdings closed above $30 and I was assigned, selling my 400 shares for $29.00, closing the series.. .3 - .03 (open and closed the puts) + .2 - .07 (open and closed 1 set of calls) + .44 (calls expired worthless) + .30 (calls assigned) came to $1.14 worth of premium for each of the 400 shares. Add the .625 dividend and the .06 difference between the purchase price and the assigned strike and you have $1.825 times 400 shares or $730 return for about 1 month's trading of the one security. 6 transactions * 4 contracts * $0.65 fee charged for the transactions of the options gives me a trading cost of $15.60

@gabeaurbach6083 Thanks for your comment. There is no one way to establish the perfect location for a short put. It is done many different ways and could be based on technical support, deltas or standard deviations. I don't just focus on deltas.

The delta you choose largely depends on the strategy. For a cash secured put you should be selling it on a stock you are willing to own long term. So a higher delta like 0.3 gives you more premium if the 0.3 strike price is still a.price you'd like to own at. Don't forget you can turn around and sell covered calls on a stock if your cash secured put gets assigned. So your cash secured put expiring in the money isn't a huge deal if it's a good stock. You DON'T want a credit spread to expire in the money at all. You just lose money and don't own anything. So spreads should be done on much lower deltas like

context of derivatives trading, particularly when one is engaged in the systematic writing of put options, the concept of 'Delta' assumes critical importance. Delta, denoted as a Greek letter and often considered the first derivative of the option pricing model, measures the rate of change of the option premium with respect to infinitesimal movements in the underlying asset. In advanced portfolio management, you may want to target a specific Delta, which correlates directly to the option's moneyness and indirectly to its probability of expiring in-the-money. A Delta of approximately 0.30 is commonly employed by traders to balance the risk-return paradigm-capturing sufficient option premium while mitigating the statistical likelihood of assignment. This is generally aligned with a moderately bullish or neutral market outlook and serves as a de facto income-generation strategy, colloquially known as 'being the house.' Should you possess a more conservative risk profile, a put option with a Delta around 0.20 may be more apropos, minimizing assignment risk albeit with a concomitant reduction in the option premium. Alternatively, a Delta closer to 0.50 or above would suggest a more aggressive stance, capturing higher premiums at the expense of increased risk exposure. As Delta is inherently dynamic in nature-subject to alterations due to Gamma, another second-order Greek-it necessitates ongoing surveillance and potential rebalancing to align with your evolving investment thesis and risk tolerance. Consequently, sophisticated risk management protocols should be stringently observed.

​@@Christiankota nice chatgpt bro

Are you doing the “wheel” to bring in income or to lower your cost basis?

Can you explain your strategy with a recent example please. Much appreciated

Thanks for sharing how your strategy works out. Very encouraging to hear!

Seth has done well over the years

@Dorian, we can do that in the future. We'd have to break it up in to different videos for different strategies because delta hedging varies greatly from strategy to strategy.

Strangle>Staddle

Just wait until you learn how to turn your straddle into an appreciating asset

@@ATLJB86what happens when you overlay a strangle over a straddle?

How do you make the straddle work for you?

@@jodolski buy a put and a call in the money all at the same strike price. When the stock is goin more in one direction of the straddle sell the loser and keep the other put or call and reap the profits. It works everytime. The only downside is the bookmakers make the straddle contracts so pricey that u got to know what u are doin or they will shave a lil off the top until you figure it out..lol

SMB Capital, a proprietary trading firm, typically refers to its trading strategies as focusing on intraday equities and options, among other instruments. However, the specific mechanics of how they count their trades for any stipulated period such as "100 trades over 50 days" is proprietary information and not publicly disclosed. If by "vertices" you're referring to turning points or specific events within a single trading strategy, it's not clear whether SMB would count those as individual trades or part of a broader trading strategy. In general, proprietary trading firms often have their own internal definitions and methodologies for counting trades, especially when multiple instruments or strategies are involved. Therefore, to get an accurate understanding of how SMB counts trades for any metrics they may publicly discuss, you'd likely need to consult directly with the firm or access their specific training and educational materials.

@Minlakhani8358 Yes selling a put would have been an alternative, but remember this example involved the trader ALREADY owning the TSLA shares.

@@sethfreudberg4750, So you've explained everything very nicely it should hopefully help many, having a discussion about it sorta adds to that learning process. I, for one, prefer to sell puts after getting my shares called away. If a sold call gets assigned, this means the stock rose much faster than I anticipated, at such a point I have to consider and prepare for potential dips. If fundamentals support, I can always sell an ITM put. If I can buy something for less than what it's worth today, why not? Thanks for a very informative video!

Yes it does because your taking advantage of volatility when buying options are a depreciating asset

It certainly can and I know many people who trade that way.

Days to Expiry

They’re all monthly

Which trader are you referring to Ernest?

No. My interest was mainly selling puts and covered calls.

That's purely a matter of how much protection you want on the trade and how much you're willing to pay for it Aaron.

It will be exercised automatically

@@stephenoutram3926 What Stephen said :)

If the call expires in the money, it will be exercised. If you don't want to pay for the shares you need to close the call before the shares are assigned. You do that by buying back the call. Also Registration--he didn't pay anything for the call--he received cash for the call.

When a buyer purchases a call option, the breakeven point indeed factors in the premium paid for the option. If they paid $5 for a call option with a $200 strike price, their breakeven would be at $205. For it to be financially prudent to exercise the option, the underlying asset should ideally be trading above $205. This way, the $5 premium is "recovered," so to speak, making the trade profitable. The market does not automatically assign shares to the buyer if they do not exercise the option. Assignment is an action initiated by the option holder (the buyer). If they do not exercise the option, it will expire worthless if it is out-of-the-money (i.e., the market price is below the strike price for a call option) at expiration. If it's in-the-money (market price is above the strike price), the buyer still has to manually exercise the option to take possession of the underlying shares, unless they are using an options trading platform that exercises in-the-money options automatically at expiration. But even automatic exercises usually consider the strike price alone, not the premium, so it would trigger at $200, not at the $205 breakeven point. Therefore, the onus is on the option buyer to exercise prudently, taking into account not just the strike price but also the premium paid.

@@Christiankota Excellent explanation! Thanks!

@NoatraderX we have a full course on that topic actually.

@dllmohh6026 it's a little difficult to find income strategies that only last two hours because there's not much time decay that can occur over that period of time. Certain strategies can be closed within a few hours but that's not totally reliable,

😂 don't do it

​@@thabangmnguni6539 Agree

Johnny I'd suggest you watch the video here to give you the basics first and then you can come back to this video and it will be much easier to understand: kzfaq.info/get/bejne/rcVynamex93GiXU.html

Actually @John , you only sell cash secured puts on stocks you are happy to invest in, so to call it "risking $50k" is a little questionable in my opinion.

You are not stupid, just lazy ;)

@@maxxmahh One and the same - no difference in my mind between stupid and lazy. Oh wait .. I guess I just proved you right. 🙃