When To Close A LEAPS For Max Profit!

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2 жыл бұрын

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I have made many videos about the LEAPS option and the poor mans covered call. In all of these videos I only opened the LEAPS and never showed how and when to close a LEAPS option for maximum profit.
In this video I will show you the most recent LEAPS options that I closed and were using for the poor mans covered call. These two stocks will show you how you can profit from your leaps and know exactly when to close them!
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DISCLAIMER: The content discussed in these videos are solely my opinion and should never be used as financial advice. This channel is for entertainment purposes only. Make sure to consult with a professional before making money decisions. This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission; all of which helps grow the channel! Thank you for your support!

Пікірлер: 206

@BradFinn 2 жыл бұрын

Yes I put 2001 and not 2021. Guess who’s not perfect 🙋🏻‍♂️ haha. I did catch it later in the video. Keep watching. :)

@robinruane6255 2 жыл бұрын

Perfection is not a requirement, being legit is. You're good in my book 😎

@NickTapp 2 жыл бұрын

To be fair, you said 2001 too. Haha xo

@SteakFromJakeFarm777 2 жыл бұрын

I was gonna say, that is one helluva LEAPS!!!

@taraodonnell9893 2 жыл бұрын

You are the best love learning from u and thanks for making me not feel so bad when I press buy when i wanted to sell 🤣🤣🤣💰💰💰🙌💯

@justakidfromjakku6538 2 жыл бұрын

I was 🤔 dam thats a long time, he had to make a mistake on that date!

@davesterchele2679 2 жыл бұрын

Wow... 2001.... that's a leap!

@BradFinn 2 жыл бұрын

haha.. typo.. I mention it later in the video! lol

@DurtieActual 2 жыл бұрын

You have truly taught me sooo much. I always recommend your videos to newcomers and veterans. I use to disagree with so many of your tactics,, "why close a call at 70%" "why buy leaps, just buy the stock" .... you have truly changed the game for me amigo!!!! Thanks!!!

@BradFinn 2 жыл бұрын

Right on. Change is good. Keep Crushing

@bramor9913 2 жыл бұрын

Hey Brad, I have watched a few of your video's now and I must say, you certainly explain complicated things well! I love your video's please keep them coming!

@BradFinn 2 жыл бұрын

Thank you so much for the kind words. Please share the channel with anyone else who’s learning about investing.

@thomasgarland9877 2 жыл бұрын

Brad, just getting into covered calls. I wanted you to know out of all the articles, books and videos I’ve Read and watched, your videos are the first that I have understood enough to give me the confidence to finally start trying trading options. I have a decent portfolio, but I’ve run out of money to just keep buying stocks, so my move to stocks. My starting plan is I have bought 100shares of T (depending on the earnings report) and I plan to sell as a covered call. Anyway, wanted to to thank you for your videos. Tom G.

@theog77 2 жыл бұрын

Great video!! I had found your videos on LEAPS this last spring after I lost a few hundred on learning options and yoloing calls with no real strategy. I decided to try something different and although it was a meme stock (something I would've have definitely reconsidered now that I have more experience) I took a chance on an slightly ITM $13 LEAPS for 01/22 :) and of course it exploded the next week blowing past my covered call but instead of letting it go I believed in the upside potential and protected the underlying through rolling out and up. At the beginning of this month I have more than made up for that little hiccup, paid off my initial premium and now collecting free premium till I decide to sell not to mention I'm still up over 200% on the underlying with a few months left to go. You really changed the way i looked at options, thanks for kick starting me off!!

@BradFinn 2 жыл бұрын

Music to my ears. Thank you so much!

@jasonnowicki5066 2 жыл бұрын

important question- where do you look to see what the "mean" implied volatility of the stock when buying the leaps.... so that you can see if it is "low" at that moment in time when getting ready to purchase the leaps.

@josephxii 2 жыл бұрын

Thanks. I have watched a lot of PMCC videos but still don't understand until I watched this video. Great example shown from open to close.

@BradFinn 2 жыл бұрын

Glad it helped!

@robertjessome7230 2 жыл бұрын

I just learned a lot from your video today. I now know a better strategy for when to sell my leaps. Plus I never even thought of buying leaps after earnings (IV crush). Thanks brother! Very helpful!

@BradFinn 2 жыл бұрын

Awesome bud. Thanks for the support!!

@deliveredbyjace5977 2 жыл бұрын

I bought LEAPS on the dip on FL, T, DRNA and ZNGA at the .85 delta. I’ve started the PMCC on FL with nice premiums. Waiting for the others to get ripe. Wondered what happens to LEAPS @ expiration. Thanks for the timing of this video!

@gregoryubigen Жыл бұрын

This is absolute gold dust! Thanks for sharing this. It is easily the best options related video I have seen, so far. I like the fact that you talked about the errors you made in the process. I also get a better understanding of what to do when the covered calls do go the way you want (take the hit and move on). One question: how do you know what the right strike price is to sell the covered calls? For example, is there a delta consideration? Again, thanks for sharing your experience,

@BradFinn Жыл бұрын

Youre very welcome. Check out my PMCC video for full break down of how I choose my strikes and expirations

@derekbrooks6864 2 жыл бұрын

Thank you for sharing. What did you use as your parameter for buying back the calls?

@BradFinn 2 жыл бұрын

kzfaq.info/get/bejne/rLOHqLyBsri9mY0.html

@KBBAKTHA 2 жыл бұрын

One of your BEST videos, I love leaps and till now, all my closed leaps have made be good profits apart from covered call income. I still have 13 LEAPS contacts which are open, except one, all have expiries in 2022 and one in 2023. Your video would greatly help me and deciding the strike selection and time for closing.

@BradFinn 2 жыл бұрын

Great news! Good luck!

@samuelesparza2782 2 жыл бұрын

Awesome video again! For the implied volatility, while looking at the charts how would you know if that percentage is at the low and or high end of graph?

@BradFinn 2 жыл бұрын

It’s relative to the past

@ramonruilopezv.9457 Жыл бұрын

Great video, thanks for sharing. I understood why you sold the first option @150, but how did you calculate the other entrance points for the following sales (@160, @165, @155, etc) ?

@BradFinn Жыл бұрын

Im not sure what you mean.

@aazevedo225 2 жыл бұрын

Push notifications working well! Got the notification before you could post it in the discord!

@BradFinn 2 жыл бұрын

Let’s goooo

@owlbus14 2 жыл бұрын

@@BradFinn Brandon? Lol

@abidiqbal5418 2 жыл бұрын

Hi Brad, love you content. Quick question what platforms to you use to check Implied volatility and average IV?

@BradFinn 2 жыл бұрын

1) Fidelity give roughy rank. Free 2) Market Chamaeleon. It is a paid service.

@ericfung4801 2 жыл бұрын

Hi Brad！ Thanks for the informative video! Very useful! Watched 10 times but still have 2 questions: 1) in you first example, when you first opened a short call, you have selected a strike price (150)higher than the breakeven (149.60) of your leap call. That’s easy to understand! My question is how did you pick 160 for your second short call? Or even the third’s strike ? fourth strike? Please kindly explain! 🙏 2) just in case if any of these covered call becoming IN THE MONEY, what to do? Closed it and open a new one? if yes, how to pick the new strike? ( sorry for my poor English)

@Wyldeling214 2 жыл бұрын

Since the stock price was already higher than his breakeven price, I imagine he used strikes similar to how he explains in his other videos- strikes close to.17 delta. When he's doing a wheel strategy, he's doing strikes around .30 (and if assigned, can wheel it into a CSP). However, when doing PMCCs against a LEAPS option, you DON'T want your short leg assigned- so using a strike with a delta around .17 and closing once it reaches 40-50% profit is a very conservative way to do PMCCs and avoid having to exercise your long LEAPS option.

@ericfung4801 2 жыл бұрын

@@Wyldeling214 Hi. Kyle, thank you very much for your kind reply and explaination! 🙏

@reactek 2 жыл бұрын

Thanks for make it so simple! Keep the good work!

@BradFinn 2 жыл бұрын

Thank you. Please share

@redelao 5 ай бұрын

How do you check the mean for IV? How can I check that, you drew it in your video around 7:15 minutes on the video. Thank you for you videos, I have learned alot.

@BradFinn 5 ай бұрын

The software that I used comes with it as part of their data package.

@copycatt2579 2 жыл бұрын

Very nice video, thank you. As for the Pepsi call options you were selling for low premium. The reason why people would say it’s not worth it is because if the stock happens to rally you loose your upside for such a small amount. The risk / reward ratio is off for such low premium.

@BradFinn 2 жыл бұрын

Thanks for sharing!

@atimtg Жыл бұрын

Agreed but he does not want to lose the LEAP by being threatened by a runaway price as we saw later when he had to close for the loss. The problem will always be limiting your upside and capping it when stocks can run hard and fast well past your strikes which they will do. It is often best to not sell cc's and just HOLD the Leaps until favorable to sell and save all the headache.

@Thamal2533 2 жыл бұрын

Hello Brad! Everyone happy New Years! Question? When I sell puts or cash covered calls I usually let the stock expire on the expiration rather then closing early for smaller gain. For example, I sell a put to expire Friday January 7th for 23$. Rather then closing it Wednesday for say 10$ i let it expire on Friday and from what I believe I get to keep the 23$. Brad or anyone why close it early? Is this just a preference meaning your up say a certain percent on Wednesday so why risk it any further? Thank you

@BradFinn 2 жыл бұрын

I try and close everyone one and have a few videos on it. Here is one of my most recent ones. kzfaq.info/get/bejne/rLOHqLyBsri9mY0.html

@MegaPotatoTomato 2 жыл бұрын

Hi Brad, loving your content! Are all of the calls sold have a DTE of 7 days? For your pmcc

@BradFinn 2 жыл бұрын

No.. some of my LEAPS offer monthlies

@johngutierrez2687 2 жыл бұрын

This is a great return. All the scalping aside, the biggest factor in your success is buying a call on a stock that went up. How do you decide on a stock and if you think it’s going to rise?

@islndcalypso911 2 жыл бұрын

Thanks for this outstanding video! I've always bought calls ATM or slightly OTM since I'm ultimately bullish on the stock if going long. What is the benefit of paying more to BTO at 75-85 ITM?

@BradFinn 2 жыл бұрын

There are many pros and cons. No one factor alone makes a decision when it comes to options

@NickTapp 2 жыл бұрын

Thanks!

@BradFinn 2 жыл бұрын

WOW.. Thanks Nick! I appreciate it! Extremely generous of you! Beer on you today!!

@andrewpm2 2 жыл бұрын

It's this kind of information and insight that will get you to 100K subs in no time. Keep it up man!

@BradFinn 2 жыл бұрын

Thank you so much. Should happen before summer 🤞🏻 #100k

@armatologist 2 жыл бұрын

New to this trade stuff ;), thank you for the videos.. you are fun to watch

@BradFinn 2 жыл бұрын

Glad you enjoy it!

@jms_wttrs9228 2 жыл бұрын

I don't mess with Puts.. just funding wise and not enough time to watch it. I do however run the LEAPS.. I have four going at the time - total spent is 1,600 - just waiting to see where and how this pans out . One ends in Jan 22 the rest in Mar/Apr 22. Ended up getting well under the stock price. I have other stocks that I run CC's weekly basis and that gets about $30/week - not a $M-aire here.. so bits and pieces here and there.

@valentino0472 2 жыл бұрын

I learned so much for this video love the whiteboard.. Thank You @brad for sharing and I am looking forward to tonight broadcast.

@BradFinn 2 жыл бұрын

Check out the community tab on Brad Finn Live

@justakidfromjakku6538 2 жыл бұрын

Good job with the videos! Nice and simple but not dumbed down. 😎

@BradFinn 2 жыл бұрын

Thanks! 👍

@CaraMarie13 2 жыл бұрын

Ok so like, let me see if I understood. So you bought the first option at a $130 strike price for $1960 then you sold and bought other other options for that same stock to collect premium? Like when you sold the options, did you already own shares of that stock and sold covered calls against it? Or were you selling calls against that $19.60 option?Like what's happening there?

@KaisDojo31 6 ай бұрын

Hey Brad! I am still learning about options, and I was curious to what you meant by saying you were protecting your LEAPS when you closed out on a loss of $76. How does that work? Why does closing that position out protecting the LEAPS in a bigger picture? Thank you in advance! Edit: Oh, I see the answer now from another video of yours (but please feel free to correct me). Because if the PMCC option is exercised, you are forced to buy on your LEAPS and then sell to cover for that PMCC - so that's what you meant by "protecting", expensing just $76 to protect potential gain of lots more.

@BradFinn 6 ай бұрын

Correct. By protect I just meant keeping it from being automatically assigned

@patrickhenry7416 Жыл бұрын

So just so I understand correctly, I can sell calls against my LEAPS in robinhood with L3 options? I just got approved for margin and L3. Webull seems to be lame with options and won’t allow it. Just can’t find much info on LEAPS and diagonals for Robinhood. Thanks!

@BradFinn Жыл бұрын

That is correct. Short calls needs to be above your long call break even or u will owe collateral

@quincyberman5629 Жыл бұрын

An easy way to get the annual yield is divide return by how many days the trade was open. That will give you daily yield, then multiply that by 365.

@BradFinn Жыл бұрын

👍🏻👊🏻

@coachyamyam9666 Жыл бұрын

Question: if I hope to sell covered calls on a leaps option that I bought.. why not sell a put option on it? That way it decreases changes of hitting above the strike price in out of the money. Not sure if I’m making sense

@BradFinn Жыл бұрын

You can build your spread however you would like

@davidpearce4838 4 ай бұрын

Thanks Brad🙂.

@BradFinn 4 ай бұрын

My pleasure!

@talyal7643 2 жыл бұрын

Hi. I watched all the videos about iv crush but can you please do a video on the best and fastest way to figure out the iv mean? Where and how. 🙏🏻

@BradFinn 2 жыл бұрын

kzfaq.info/get/bejne/rdlxe9xiud2ZaIU.html

@apple_fury3454 Жыл бұрын

How do you see the average implied volatility on robinhood? is that the implied volatility figure?

@BradFinn Жыл бұрын

I don’t think Robinhood showed you past IV. What they show is the IV right now

@nobodyimportant_23 Жыл бұрын

what kind of commissions are you paying . if you are making a few dollars does that cover comissions?

@BradFinn Жыл бұрын

$0. Robinhood for options

@coachcraft 2 жыл бұрын

Couple questions from a fellow teacher: Would you try to juggle more than one contract? How confident are you that if your short leg is exercised that Robinhood would in turn exercise your other leg?

@BradFinn 2 жыл бұрын

They 100% will.. Ive tried juggling many things!

@santyv9466 2 жыл бұрын

Hey Brad. Thanks for sharing your strategies on PMCC. Very helpful. Just curious about your thoughts on selling LEAPS. Why would people sell Leaps if we all know in the long run stocks always go up. Why would anyone sell deep ITM Leaps ? What strategies are they playing ?

@MT-qq1rq 2 жыл бұрын

They probably sell and then buy back when the LEAPS is in their favor way before expiration. Remember stock does not go up in a linear line during the leaps contract term.

@santyv9466 2 жыл бұрын

@@MT-qq1rq Thanks. So basically they are trying to make gains on Red days ? Sharp drop in the markets will drop the value of LEAPS a lot.

@mikeJones-zo8si 2 жыл бұрын

Market makers . They buy and sell. Make the difference up at the spread . Imagine selling a call and then buying 100 shares a the same time . Then selling the shares and buying back the call later. Balance it and collect the spread. Just look at the bid ask spread on some leaps.

@S.A.1 2 жыл бұрын

This was the first hit I got when I was researching to close a profitable Leap. I have one that expires 1/2023. It’s nicely up by 355%. I had not bought a deep ITM call, but a much lower delta. Now it is deep ITM. Would you suggest closing or waiting. I am a little wary about selling a covered call against this even though the ROI on covered call is around 33% for 45 days. Still not sure about what to do.the stock is clearly on an uptrend. Would appreciate if you can advise. Thanks!

@BradFinn 2 жыл бұрын

Hardest part of trading is knowing when to get out. And hindsight is always 20/20. Go with ur gut. I sell at the point where I’d be pissed if I lost the money

@nothingtoseehere5760 2 жыл бұрын

OK so how do you find historical IV data?

@BradFinn 2 жыл бұрын

The internet

@Garen1 2 жыл бұрын

do u know any websites that give historic iv on a stock for free?

@aazevedo225 2 жыл бұрын

Both market chameleon and barcharts give historic iv for free. More advanced stuff does cost money though

@BradFinn 2 жыл бұрын

I second Aaron. I use MC.. but your brokerage (depending on its quality) will also give you an IV rank over time most likely

@drhenderson40 2 жыл бұрын

Great video! I’ve been buying deep in the money leaps, after I see my stock take a dip that I feel will come back . I haven’t been doing the PMCC yet …This is my next adventure !

@BradFinn 2 жыл бұрын

Good luck. Any questions let me know!

@picklerpickler8785 Жыл бұрын

So if you buy a leap it gives you 100 shares collateral?

@BradFinn Жыл бұрын

Leaps? If that’s what your talking about the leverage is given by delta

@chocotv3573 9 ай бұрын

Hi Brad, can I do it weekly covered call basis against my leaps?

@BradFinn 9 ай бұрын

Yes. My most viewed video is on the poor man’s covered call

@chocotv3573 9 ай бұрын

Thanks Brad, I only fully understand the concept of the LEAPS in your vids. Thanks so much of your channel.@@BradFinn

@garygable4170 Жыл бұрын

How much does it cost to trade an option, and how does that affect your return?

@BradFinn Жыл бұрын

Depends on the broker

@tubetop123 2 жыл бұрын

Also commissions.

@BradFinn 2 жыл бұрын

I don’t pay any

@vinnypag 2 жыл бұрын

PMCC might work on some slow moving stocks like pepsi and waste mgmnt but a lot of times I've done it on stocks with high growth potential and have gotten burned where the weekly premiums aren't worth the time and risk of it being blown up, example on $AMD its a stock that I bought a LEAPS at $70 and when the stock grew to $110/share I just gave up on selling calls because the $50 premium wasnt worth the risk of it blowing up, plus protecting the long call was stressful

@BradFinn 2 жыл бұрын

$WM is up 40% in the last year. Haha. “Slow moving” 🤔 ok.

@harshilpatel387 2 жыл бұрын

Got some Tax questions in case it is in anyones wheel house... Maybe Brad knows :) Does anyone know the exact tax implications for a leap getting assigned? Possibility #1 - The gain is the difference between your leap strike and CC strike * 100 Possibility #2 - The gain is the difference between your leap Break even and the CC strike * 100 Feel like #2 is the lesser of two evils in terms of Tax event. Another Question - what about the Tax implications of exercising a leap - do you take a cap gain LOSS equaling the total paid for the leap?

@BradFinn 2 жыл бұрын

Gains are short term cap gains. Loses are short term cap loses

@pilsung2ful 2 жыл бұрын

I rolled a short call to a short put ... ooopppps Saw the big premium and didn't think ... worked out well but need to be careful... erer

@BradFinn 2 жыл бұрын

nice.. glad you got out ok

@Nahomtradez 2 жыл бұрын

How come the options you sold gave you more premium than the ones you bought?

@BradFinn 2 жыл бұрын

They change value over time

@tron-nt4bi 2 жыл бұрын

Thanks Brad, great video. Appreciate the knowledge that you provide and the transparency. Sold my first covered call yesterday. With your help, I'm starting to understand these things called options.

@BradFinn 2 жыл бұрын

Great news. Thank you so much for the kind words! Good luck.

@tron-nt4bi 2 жыл бұрын

@@BradFinn I have a couple of questions for you. 1) the LEAPS and PMCC are independent transactions that do not constitute a spread, right? 2) if the delta is good, but the IV is too high (higher than the median IV), we pass on the strike price and maybe even the stock?

@MT-qq1rq 2 жыл бұрын

@@tron-nt4bi Leaps and PMCC is called a diagonal spread. When IV is high, good to be the seller of options in general.

@lucauau Жыл бұрын

Commissions are always zero?

@BradFinn Жыл бұрын

Nope. Depends on the broker

@youngfyah 2 жыл бұрын

Great video. I thought contract only became valuable once above break even?

@BradFinn 2 жыл бұрын

It always has some value. Weather that value is above or below what you bought it for depends!

@youngfyah 2 жыл бұрын

@@BradFinn thanks for the reponse. Let me clarify. I thought the value would only be above purchase price once the underlying stock was above break even price.

@darkhelmet12e47 4 ай бұрын

The first one actually had a annualized return of over 500%. (1.54^(1/79))^365

@subscribemytube 2 жыл бұрын

In another video you had advised a leaps holder not to sell covered calls for less than the break even. But if you plan to BTC all the covered calls then why does it matter?

@BradFinn 2 жыл бұрын

Thing don’t always go to plan

@MT-qq1rq 2 жыл бұрын

Selling CC below my breakeven is common for me. You need to know how to dance with the devil.

@codingchallenges 2 жыл бұрын

Very nice walkthrough through real, down to earth trades that most people can actually relate to. Well done! And yes, once you hit $69 profit on your short call, you better close the trade :-)

@BradFinn 2 жыл бұрын

Thank you so much for the kind words!

@salinas831100 2 жыл бұрын

What percentage should I let my leaps fall before I just give up on them ?

@BradFinn 2 жыл бұрын

Depends on expiration. Good luck

@salinas831100 2 жыл бұрын

@@BradFinn Jan 2023

@brownlatinaa46 2 жыл бұрын

last 7 stock trading days i was green does that make me a good trader

@BradFinn 2 жыл бұрын

Sure

@guitarsoundsaround Жыл бұрын

Thank you for using the lighter screen. I hate the dark screen, lol !

@BradFinn Жыл бұрын

👍🏻

@mohammadrahman8911 Жыл бұрын

Some next level derivative trading 🤯 Well-done though! Curious how often do you deploy this strategy? Thinking about trying this with 1 - 2 % of my portfolio. Would you recommend?

@BradFinn Жыл бұрын

Whenever it feels right. 1-2% is great. Start with what you are willing to use. I personally use 8-10% for my speculative investments (crypto, day trading, options, etc)

@Sub-0o 2 жыл бұрын

Still one of my favorite channels on KZfaq!

@BradFinn 2 жыл бұрын

Thank you for the kind words

@Kunalexander 2 жыл бұрын

Hi Brad, my SKLZ leaps is up 53% even though it won't expire until Jan 23. Would you recommend me to lock in profit?

@BradFinn 2 жыл бұрын

Depends? Do you want the money?

@Kunalexander 2 жыл бұрын

@@BradFinn yes and no, If I cash out I could use the money to buy the dip on other stock that already had earning and dip massively like CHGG or ATVI and also I didn't want to risk holding it through earning. I was just concerned about how the earning would react to the current gain I have, if there's no earning involved, would you just keep holding it until price target reach? Thank you

@jcman240 2 жыл бұрын

@@Kunalexander you can close then open new position at different strike and use profits to open position in different company...of course you'll have tax implications to consider as well

@JaredHillhouse 2 жыл бұрын

Brad, Brad, Brad! I knew there was a reason to keep following you - LOL! Been watching all your stuff for a while and have been hesitant on pulling the trigger on a PMCC due to the cost of the call option to BTO. I have had a hard time seeing how spending that much would benefit and how the small CC's premium would make up that large amount of investment. This video however has clarified it all for me now. This was fantastic and amazing to watch and see the results in as real time as you made it. Thank you for this. I'm going to jump into some PMCC's now that I have been holding on the back burner. Keep up the amazing content. Thank you for your open and honest approach and for helping us little people understand these concepts so much better. You are the best :)

@billionj 2 жыл бұрын

Do I understand correctly that your leap value went from 1535 to 2165 during the period PEP went from about 148 to 156? What is the best resource for checking leap value changes under certain hypothetical situations? Super Great Channel! Thank you sir!

@BradFinn 2 жыл бұрын

Not sure what you mean by resource. Your broker wil show you the value history. PS. It’s LEAPS :) the s is part of the acronym.

@MelodyJacksonPhD Жыл бұрын

On the Think or Swim platform there is a function called Risk Profile that is very powerful, so you could do that there.

@foundtech7432 2 жыл бұрын

Your 150 call 8/20 sell against 130 1/21/22 Buy as collateral, then which collateral was used for I50 call 8/20 Buy ??

@BradFinn 2 жыл бұрын

sorry, I don’t follow

@foundtech7432 2 жыл бұрын

@@BradFinn what your 150 call 8/20 buy got something to do with PMCC (150 call 8/20 sell) or leaps ?

@ryanmarocki 2 жыл бұрын

The best thing I've done is keep a Spreadsheet of my cost Basis and keep it well above when selling calls because I've gotten burned once or twice being greedy.

@BradFinn 2 жыл бұрын

Couldn't agree with you more on the benefit of a spreadsheet

@jrelechrelech6898 2 жыл бұрын

So the play here is to sell the stock at a higher price? What's the plan here? 🤔

@BradFinn Жыл бұрын

I like to sell things for more than I bought them for.. that's called profit

@SifuJerad Жыл бұрын

Me looking at WM deep in the money call for Jan 17, 2025 at the $115 strike costing $4,600 despite the stock only being around $151.71 on 2/15/2023. Yikes. Would love to buy a covered call for $1,900. lol

@BradFinn Жыл бұрын

a covered call is a sell to open.. not buy

@fropello4353 2 жыл бұрын

2001? is this right?

@BradFinn 2 жыл бұрын

haha.. typo.. I mention it later in the video! lol

@fropello4353 2 жыл бұрын

@@BradFinn bro you caught me not finishing the video before I made this comment. Anyhow, awesome Leaps and CC. I have not done leaps. I was buying 100 shares of companies I like, capital is always an issue. Maybe would try this. Better to buy one after Iv crush, is it after earnings you choose or bad news day?

@robinruane6255 2 жыл бұрын

Great video! Love that you included both scenarios so people can see what really happens!

@BradFinn 2 жыл бұрын

Thanks so much!

@MikeAffholder 2 жыл бұрын

Damn held that leap for 20 years! 🤣

@BradFinn 2 жыл бұрын

sure did

@josephsaeteurn9158 11 ай бұрын

the keyword is "greedy" trust me guys.. this will get you sooner or later.. i found out the hard way and i am stress out and bashing myself.. i gave up 32K to get $37k if i hold just 1 more week and i got burned..stock tanked..i lost all 32K..

@BradFinn 11 ай бұрын

Yeah everyone! Because this guy fucked it up and didn’t do his due dillegance you shouldn’t try it!

@lslurpeek 2 жыл бұрын

You bought the leap on 7/27/2001 for a 1/21/2022 Thats 21 years!

@BradFinn 2 жыл бұрын

check out the pinned comment

@vince1376 2 жыл бұрын

Brian, I too have a call from 2001, $ENRN... it's not doing so hot rn

@BradFinn 2 жыл бұрын

Funny…….

@benmusher5683 Жыл бұрын

Does your broker not charge fees for options trades? Mine (TD Ameritrade and Schwab) charge 0.65 each way. So those calls you made $3 on would've only been $1.70. Sorry if this has already been asked. I scanned the first 40-50 comments and didn't see it.

@BradFinn Жыл бұрын

No. My broker does not charge commission on trades

@benmusher5683 Жыл бұрын

Who do you use?

@hustlasstory7611 2 жыл бұрын

Idgi.. how and why are selling Calls on a leap when you don't own the shares. Isn't that a naked call..

@BradFinn 2 жыл бұрын

Nope. It’s a diagonal debit spread. I do it to make money

@mordekaisworld7636 2 жыл бұрын

BRAD I NEED HELP!!!!!! I have been running the wheel on Marathon (MARA) and got 4 contracts assigned at $40. Started selling calls for premium. About two weeks ago I sold calls at $45. The price started to climb fast so I bought those contracts back and sold at $55. The price run didn't stop and not the $55 calls are too expensive to buy back. So I used the premium I collected (plus some of my own money) to but $56 calls. The calls I sold and the calls I bought expire on Nov 29th. I want to know if I can leave this position to resolve it self at expiration, bear in mind I don't have enough capital to execute my bought calls without the sold calls being executed. If I can't leave the position to resolve itself, when and how do I unravel this for max profit. Please answer with any advice, I got extra bear money if you do. Keep up the great work. Love the videos! You making the world a better place my friend.

@zmack1830 2 жыл бұрын

Brad Finn__The Man The Myth The Legend!!

@BradFinn 2 жыл бұрын

Thank you Z Mack for the kind words!

@rxses7714 2 жыл бұрын

Diamond hands holding since 2001

@BradFinn 2 жыл бұрын

nice!

@bmorris6156 2 жыл бұрын

Excellent job as always, Brad! Thanks again for the break down.

@BradFinn 2 жыл бұрын

My pleasure!

@aaronregehr 2 жыл бұрын

7/27/2001?! Did you mean 2021?

@BradFinn 2 жыл бұрын

yes.. check the pinned comment

@robinruane6255 2 жыл бұрын

I do want to know why you held out on us so long seeing as you've apparently known about this strategy since 2001 but only shared with the class a few months ago?!?!

@BradFinn 2 жыл бұрын

haha

@robinruane6255 2 жыл бұрын

@Bŕaď Fiñn. Replied SPAM COMMENT

@kenten6311 2 жыл бұрын

There is nothing in this world I understand less than everything you talk about in these videos

@BradFinn 2 жыл бұрын

Bummer. Seems like your at a crossroads of move on or move up

@harshilpatel387 2 жыл бұрын

Curious why you do not use the 2-option Order - Are you buying to close at a different time than selling to open to maximize premium or some other logic?

@BradFinn 2 жыл бұрын

Different times. I don’t treat it as a calender spread. They are independent as far as I’m concerned