Don't sweat the haters. They probably don't trade.
@jasontaylor5042Күн бұрын
Just a wealth of information! Thank you, sir!! Started doing the LT112 and loving it!!
@jasontaylor5042Күн бұрын
Pure gold, Tom!!! Thank you for this!!!! I'm going to implement it ASAP.
@consciousnesspuppies5941Күн бұрын
Great video. Thank you!
@torchy187Күн бұрын
Buy SPY and write covered calls against it for monthly income. Spy also pays a quarterly dividend. Seems like a good strategy.
@jasontaylor5042Күн бұрын
Man, great stuff!!!! Thank you!
@artemispoppyКүн 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?
@torchy1872 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.
@EnzoCicero2 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.
@thetruesora21112 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
@TommKing132 күн бұрын
Exactly
@whereisthehook2 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.
@genropen46032 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.
@tastytrader1112 күн бұрын
Appreciate this. Gl trading all.
@kriswarrior95532 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
@2023Red2 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?
@Gimli18092 күн бұрын
Personally I use box spreads to park my cash, that's an alternative as well
@lasvegasadventures872915 сағат бұрын
Both are almost identical. I think SGOV is considered "riskier" but when you look at the results, they are identical
@cdub69352 күн бұрын
TK is the real deal - appreciate what you do 💪
@sethmiller54142 күн бұрын
Great attitude. Love to see you bouncing back / staying positive. Respect! Congrats on the good week.
@mikesmith17902 күн бұрын
Tom king is the man, I personally get so much from your videos! Keep on keeping on!
@jimvasto44792 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_Management2 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
@TommKing132 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.
@LisaMorrow3622 күн бұрын
@@TommKing13 You flip flop a lot. Didn't you say that you own 0 stocks in all of your accounts?
@user-mc8iw5xg7x2 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.
@chastetree2 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$$!
@VEGASTOLLY2 күн бұрын
Tom, Thanks!!
@ACR40082 күн бұрын
How can we learn more about your 0 DTE setups? Thanks Tom!
@tz85653 күн бұрын
5:50
@kennyspikes26494 күн бұрын
What’s the monthly % return goal in the lazy trader account?
@TommKing134 күн бұрын
@@kennyspikes2649 1.5-1.7%
@braddeicide4 күн бұрын
I haven't been enjoying 6a, it dropped too much, now it's climbing too much :)
@daoneishere24 күн бұрын
$700 naked put on $MSTR. Is this an error? if not, you about to get assigned today
@TommKing134 күн бұрын
@@daoneishere2 they just split 10/1.
@AlexG-k4o4 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-k4o4 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-k4o4 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
@cecilecarrinmcguiremusicth24134 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?
@BajaPete4 күн бұрын
21:54 MSTR - I don't see a 700 strike in the option chain.
@TommKing134 күн бұрын
@@BajaPete it just split 10/1
@BajaPete3 күн бұрын
@@TommKing13 Thanks for the clarification. Do you setup a buy back for these leaps also at 70%?
@akshatrastogi90634 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.
@TommKing134 күн бұрын
I agree
@kaaawakiwi4 күн бұрын
Good reminder that September is historically the worst month. Totally forgot about that. The market and VXX are both up.
@tirthb4 күн бұрын
We survived Volmageddon, we will survive this too. We need to stay disciplined. We are not in the Fortune telling business.
@braddeicide4 күн бұрын
@@tirthbI think my heart took a couple of years worth of wear and tear getting through that week
@BinkyGTTT4 күн бұрын
Always great. Thanks for sharing your knowledge.....
@jiti50345 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 ?
@jimvasto44796 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 🤔
@arunshastry88296 күн бұрын
I like the strategy, but not sure if this would work in any retirement accounts.
@TommKing136 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-uc5qz7qn9s8 күн бұрын
Maths is all wrong. You need to block 37000 for a paltry gain of 600. Misleadimg ??
@denisbondin96868 күн бұрын
I'm pretty sure this strategy would wipe off your account in 2008.
@amitchoudhary69218 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.
@williampruitt69789 күн бұрын
Are these still relevant after last month?😮
@dc-wp8oc9 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?
@TommKing139 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-wp8oc9 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?
@metroplex3k9 күн бұрын
quite humorous seeing these option sellers change their "plan" when they knew all along, the risks involved with their "previous" plan.....
@morris44309 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.
@morris44307 күн бұрын
@@loubob21 His account in the video was $352,000. He started with $40,000. $40,000 * 9= $360,000
@morris44305 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-ke4hg5 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-kd3pu2fp5x9 күн бұрын
what expiration do you use for the covered calls? Same as the put? Great video, thank you
@williampruitt69789 күн бұрын
Higher the volitility the riskier the trade…. DUH, been saying that for years 😂
@user-iv5eh1nb7q9 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-iv5eh1nb7q9 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.
@jupagu9 күн бұрын
too much BP, no??? THANKS
@metsfanal10 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.
@TommKing139 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.
@tastytrader1119 күн бұрын
@@TommKing13200% SL not realistic? shouldnt we better change to strike breach of the NP? Appreciate you!
@tastytrader1117 күн бұрын
that’s probably what tom did and he was lucky that the market reversed quickly
@Scalp26910 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!!!!!!
@Scalp2698 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.
@Scalp2695 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%.
@genropen460310 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?
@freeproc8 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.
@genropen46036 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?
@freeproc6 күн бұрын
@@genropen4603 yes. and I'm also going on single put to compare what is more efficient.