9 сағат бұрын
21 күн бұрын
21 күн бұрын
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@BeamerSB 5 сағат бұрын
Don't sweat the haters. They probably don't trade.
@jasontaylor5042 Күн бұрын
Just a wealth of information! Thank you, sir!! Started doing the LT112 and loving it!!
@jasontaylor5042 Күн бұрын
Pure gold, Tom!!! Thank you for this!!!! I'm going to implement it ASAP.
@consciousnesspuppies5941 Күн бұрын
Great video. Thank you!
@torchy187 Күн бұрын
Buy SPY and write covered calls against it for monthly income. Spy also pays a quarterly dividend. Seems like a good strategy.
@jasontaylor5042 Күн бұрын
Man, great stuff!!!! Thank you!
@artemispoppy Күн бұрын
thanks for this! newbie here. just wanted to ask if the price ends up between 3870 put and 4250 put and you get assigned for the 4250 put, what do you need to do?
@torchy187 2 күн бұрын
The market is at all time highs. No signs of recession the day this video was made. Interest rates are at historical lows. Volatility was this high during the flu in 2020.
@EnzoCicero 2 күн бұрын
Not sure why the haters have to hate. If they don’t like your videos, why don’t they move along? Why do they continue to watch? I get tons of value from your videos! Buy and hold is great,, in an Up Market,, but what about a downtrend or sideways market?? Keep posting videos Tom.
@thetruesora2111 2 күн бұрын
Don't feel too bad on the main Tom, the volmageddon 2.0 liquidated a lot of retail vol sellers so the name of the game is to stay solvent. What I'd recommend going forward is to either hedge or close out any vulnerable short vol positions (the naked puts) when VIX futures are in backwardation. You'll save yourself a lot of headache. Don't short vol when vol is being a dick
@TommKing13 2 күн бұрын
Exactly
@whereisthehook 2 күн бұрын
I use strangles in high volatility when the opportunity arises. However, have learned that trading them before earnings is folly. You are just asking to be annihilated. Futures options are good for me, can still take a beating, but in high volatility it's less likely, and even if you do, contraction can always be a nice bandaid.
@genropen4603 2 күн бұрын
Great to see you bouncing back! I don't have time for 0DTE so will need to slowly grind back up. Would love for you to elaborate more on your hedging trading strategy.
@tastytrader111 2 күн бұрын
Appreciate this. Gl trading all.
@kriswarrior9553 2 күн бұрын
Not sure why people “spew” on you. It’s just the sign of the times. People would never have the guts to say the things they say to your face. I enjoy your videos keep it going and thank you
@2023Red 2 күн бұрын
Just curious Tom, are you trading high iv earnings.
@fluxsmith_ 2 күн бұрын
Is there a reason to chose BIL over SGOV, which has a higher yield?
@Gimli1809 2 күн бұрын
Personally I use box spreads to park my cash, that's an alternative as well
@lasvegasadventures8729 15 сағат бұрын
Both are almost identical. I think SGOV is considered "riskier" but when you look at the results, they are identical
@cdub6935 2 күн бұрын
TK is the real deal - appreciate what you do 💪
@sethmiller5414 2 күн бұрын
Great attitude. Love to see you bouncing back / staying positive. Respect! Congrats on the good week.
@mikesmith1790 2 күн бұрын
Tom king is the man, I personally get so much from your videos! Keep on keeping on!
@jimvasto4479 2 күн бұрын
Had you just bought the S&P 500 at the beginning of the year your portfolio would be 36% higher than it is right now. Think about that
@Contemporary_Wealth_Management 2 күн бұрын
Had I not been a premium seller in a year like 2022 I would not have had any profitable accounts. I'll be the first to admit buy and hold/passive investing is my #1 strategy and where nearly 95% of our families nest eggs are. However premium selling does offer a bit of diversification in different markets. Some years holding spy outright will outperform. Some years premium selling might just be what your overall investment portfolio needs. ~ BULL
@TommKing13 2 күн бұрын
@@Contemporary_Wealth_Management 10000%. 2022 I was up 82%. I also have buy and hold accounts. This is trading. Haters come out only when people are down.
@LisaMorrow362 2 күн бұрын
@@TommKing13 You flip flop a lot. Didn't you say that you own 0 stocks in all of your accounts?
@user-mc8iw5xg7x 2 күн бұрын
Overall he has a very good strategy. I do very similar trading, I just played the BOJ ordeal a little different and im beating the market this year. Obviously Tom's making adjustments to avoid a repeat of that.
@chastetree 2 күн бұрын
@TommKing13 You have to take the blame for dissing the bank of Japan and the Yen in many of your videos. Now you see what happens. The Yen came back and bit us in the a$$!
@VEGASTOLLY 2 күн бұрын
Tom, Thanks!!
@ACR4008 2 күн бұрын
How can we learn more about your 0 DTE setups? Thanks Tom!
@tz8565 3 күн бұрын
5:50
@kennyspikes2649 4 күн бұрын
What’s the monthly % return goal in the lazy trader account?
@TommKing13 4 күн бұрын
@@kennyspikes2649 1.5-1.7%
@braddeicide 4 күн бұрын
I haven't been enjoying 6a, it dropped too much, now it's climbing too much :)
@daoneishere2 4 күн бұрын
$700 naked put on $MSTR. Is this an error? if not, you about to get assigned today
@TommKing13 4 күн бұрын
@@daoneishere2 they just split 10/1.
@AlexG-k4o 4 күн бұрын
Tom King is just another FURU in the world of trading. He wiped out 50% of his account and dragged down rest of the users in his discord channel. You should be ashamed of what you're sharing because you have no knowledge of trading. If you've been in trading for so long, how come you haven't experienced covid crash so you can avoid the recent Volmagedon. He makes money out of subscriptions, that's the business! wake up lol
@AlexG-k4o 4 күн бұрын
4 months ago, I was in his discord channel and saw how risky his trades are, I left, got a refund from the 2 months I paid thru PayPal and left 2 reviews on Trustpilot. They reached out to Trustpilot and had the honest and accurate reviews removed because trustpilot favors the business owner. He also blocked my other google account from commenting. Stay Away!
@AlexG-k4o 4 күн бұрын
Tom King is just another FURU in the world of trading. He wiped out 50% of his account and dragged down rest of the users in his discord channel. You should be ashamed of what you're sharing because you have no knowledge of trading. If you've been in trading for so long, how come you haven't experienced covid crash so you can avoid the recent Volmagedon. He makes money out of subscriptions, that's the business! wake up lol
@cecilecarrinmcguiremusicth2413 4 күн бұрын
Thanks for the Great technical analysis. I have a lot of experience with equity options, but, not futures. Could you talk about the risks of options on futures versus equities? Risk of assignment, cash settled, etc?
@BajaPete 4 күн бұрын
21:54 MSTR - I don't see a 700 strike in the option chain.
@TommKing13 4 күн бұрын
@@BajaPete it just split 10/1
@BajaPete 3 күн бұрын
@@TommKing13 Thanks for the clarification. Do you setup a buy back for these leaps also at 70%?
@akshatrastogi9063 4 күн бұрын
Be cautious! Big sell off coming soon I think. Today's BLS data was bad, still market moved up. So the rate cuts are getting priced in already. Plus September has historically been the worst month for stocks.
@TommKing13 4 күн бұрын
I agree
@kaaawakiwi 4 күн бұрын
Good reminder that September is historically the worst month. Totally forgot about that. The market and VXX are both up.
@tirthb 4 күн бұрын
We survived Volmageddon, we will survive this too. We need to stay disciplined. We are not in the Fortune telling business.
@braddeicide 4 күн бұрын
@@tirthbI think my heart took a couple of years worth of wear and tear getting through that week
@BinkyGTTT 4 күн бұрын
Always great. Thanks for sharing your knowledge.....
@jiti5034 5 күн бұрын
What happens if after getting assigned after first time you holding the underlying and then overnight underlying tanks in a very very bad way ?
@jimvasto4479 6 күн бұрын
Funny, I just watched a video Tom did a few months ago in which he said that with the spy up so much this year that if you weren’t positive year to date you were “not a good trader” …. Hmmm 🤔
@arunshastry8829 6 күн бұрын
I like the strategy, but not sure if this would work in any retirement accounts.
@TommKing13 6 күн бұрын
@@arunshastry8829 It will but I would only recommend using 111 and having hedges on. Still decent risk so IRA is not the best use.
@user-uc5qz7qn9s 8 күн бұрын
Maths is all wrong. You need to block 37000 for a paltry gain of 600. Misleadimg ??
@denisbondin9686 8 күн бұрын
I'm pretty sure this strategy would wipe off your account in 2008.
@amitchoudhary6921 8 күн бұрын
Strategy should be tested to minimum first circuit breaker level everyday. There may be no chance to get out. Liquidity disappearing is a major reason for loss. Naked puts are always a danger.
@williampruitt6978 9 күн бұрын
Are these still relevant after last month?😮
@dc-wp8oc 9 күн бұрын
Tom, you mentioned the number of winning trades as opposed to the number of losing trades, however, the account can still be losing money overall. Right? Meaning, the account may have fewer losing trades, but the dollar amount of the winning trades does not offset the total dollars lost in the losing trades. Is this correct or what am I missing?
@TommKing13 9 күн бұрын
@@dc-wp8oc I post all trades. Winning and losing. And yes. You can have more winning trades and still lose money depending on your trade setups.
@dc-wp8oc 9 күн бұрын
Tom, do you have a link to the members video you at the opening? What level of experience or understanding do you suggest one have, before participation in Income Navigator membership?
@metroplex3k 9 күн бұрын
quite humorous seeing these option sellers change their "plan" when they knew all along, the risks involved with their "previous" plan.....
@morris4430 9 күн бұрын
Because of this, he was able to 11x his account in 4 years and the drawdown on August 5th cleaned out almost half of those gains. He started this account with $40,000 in late 2019 early 2020. Now, he is only down about -17% YTD from his starting balance in 2024. He still is up 9x from 2020 after August 5th right now. I don't know many people who are still up 9x on their accounts after August 5th. Trading is all about managing your capital and positions as to how the market reacts. There is no "grail" plan that will work forever. If you think you can stick with a plan and trade the same way for the next 50-100 years, you are completely ignorant and probably shouldn't trade.
@morris4430 7 күн бұрын
@@loubob21 His account in the video was $352,000. He started with $40,000. $40,000 * 9= $360,000
@morris4430 5 күн бұрын
@@loubob21 He started with $40,000. The account is now at around $352,000 in the video. $40,000 * 9 is $360,000.
@Jc-ke4hg 5 күн бұрын
@@loubob21 Exactly. He can't, and money has been added to that account. I've been following this math magic. It's easy to lose money on the backs of other traders and spin it as a positive.
@user-kd3pu2fp5x 9 күн бұрын
what expiration do you use for the covered calls? Same as the put? Great video, thank you
@williampruitt6978 9 күн бұрын
Higher the volitility the riskier the trade…. DUH, been saying that for years 😂
@user-iv5eh1nb7q 9 күн бұрын
This was initially billed as a “don’t stand around watching the computer all day” strategy. Enjoy life, go on vacation..etc. Obviously that isn’t the case now that hedges are being installed on a weekly basis. The steam roller eventually comes.
@user-iv5eh1nb7q 9 күн бұрын
The 1-1-2 or 1-1-X, is great until it isn’t. It will take Tom years to make up this loss, for someone who has been trading for this long to be taken be surprise by this event is disheartening. The hedges he’s putting on now are nothing more than profit eaters and he will probably eventually abandon them. Go back to the wheel, sell some naked puts on stocks you wouldn’t mind owning.
@jupagu 9 күн бұрын
too much BP, no??? THANKS
@metsfanal 10 күн бұрын
How did you get 80 grand back since the crash? I've been following all the trades in the discord and lost 4K since the crash as all the put debit spreads you advised not to close have been losing even more money.
@TommKing13 9 күн бұрын
@@metsfanal if you are following, you know I didn’t close everything. Most of the gains are simple recovery of the naked puts that remain and other trades. Some realized gains, but mostly unrealized losses coming back as the market recovers and vol drops.
@tastytrader111 9 күн бұрын
@@TommKing13200% SL not realistic? shouldnt we better change to strike breach of the NP? Appreciate you!
@tastytrader111 7 күн бұрын
that’s probably what tom did and he was lucky that the market reversed quickly
@Scalp269 10 күн бұрын
Like Tom says, I like being boring. Almost all LT 112s in MES, CL, 6E, 6A. Buying power took a hit and I did hit 2X on a few NP but they were so far out of the money I knew I could either roll them or Wheel them. Account is back to all time high and buying power is back to 50%. Thanks Tom, you have made my retirement much more enjoyable and profitable!!!!!!
@Scalp269 8 күн бұрын
@@loubob21 Yes, I did stagger these. One LT 112 every week or other week if I thought the strikes were too close together. Max for my size account was eight positions. Well, actually 16. two PDS and four NP for each position added. Important not to put more position on than your account size. Tom goes over this in his position sizing guidelines.
@Scalp269 5 күн бұрын
@@loubob21 That's why for my size account I use /MES and yes my buying power did dip to 105% usage buy it rose above that by the end of the day. If it had remained above the 100% I would have added money to the account to prevent interest charges. To the 2X loss, as I stated above, the NP were still very far out of the money and If they market had kept dropping I would have either taken assignment and sold covered calls or rolled them further out in time. As of now, by not taking the loss on those NP's and am able to take two of those positions off today for a 90% profit. I take at 90 not 95%. Also, my buying power because of volatility contraction is back down to 50%.
@genropen4603 10 күн бұрын
Learning so much - thanks! Two things: 1) I see your new ES hedge was Oct 31 3500 5x BTO Dec 20 3550 3x STO Can you elaborate on what you have done there and how much of your portfolio you expect that to cover - or rather what you expect to cover? 2) Is your LT111 90 or 120 - and any particular reason?
@freeproc 8 күн бұрын
I'm now cautious on this one : Oct 31 3500 5x BTO Dec 20 3550 3x STO I used to have "112-2 calendarized" with the same logic ("120 DTE" Put debit spread + 2 "120 DTE" naked put + 2 "60 DTE" long put at same strike as "120 DTE" naked put) in order to :1/ reduce my margin requirement, 2/ provide a bit of hedge. But they didn't behave as planned in the 5th of August. Of course the "60 DTE" long puts sky rocketed but the "120 DTE" short puts skyrocketed even higher. When I did the math when the vix was at 35 (on the way down), 5 "60 DTE" long puts where in the red when substracted to 3 "120 DTE" short puts, which is not what we want (I didn't write down the exact figures, unfortunately). So now, I'm looking to do the opposite : 5 short naked put to buy 3 longer term (2X lenght) long puts for a debit. Time will tell if it is a good option. Simply buying 1 put can also be as simple and efficient.
@genropen4603 6 күн бұрын
@@freeproc This is very insightful - thanks! So you are doing a 1-1-2 (standard) and then you are doing 5 short term Naked Puts and 3 longer term puts as a hedge?
@freeproc 6 күн бұрын
@@genropen4603 yes. and I'm also going on single put to compare what is more efficient.