I’m too new to understand this. Plus I only use Robinhood. It’s not as detailed as your brokerage. This was so confusing

This is the best...

QGRW

Hah can you fo one for ibkr? Thanks!

Hi may i know which subscription you pay for market chameleon?

Glad to see you back!

Seems like a lot of extra steps, why isnt there an api to automatically just import all trades and fill all the data in automatically with one click rather than having to go through this copy paste routine??

Got wrecked in a few wheel trades the past few months

Whats the current strategy your using today? Can you post an updated video on whats working well right now?

What is the point of PMCC if you would earn more from just selling your long call, and if you get assigned you basically just created a debit spread which has less profit than just a call. "Sell covered calls on stocks your bullish on!" Why? So you can get assigned then not have any shares?

Awesome strat man. Compound interest ftw

If you select 1 day for the backtest time frame, is it only looking for crossovers on the 1 day time frame chart, or all crossovers that happened at any point of the trading day in the range?

If this truly averages 6% per week why is everybody and their mother not doing this strategy?

Anderson Jennifer Williams Margaret Jackson Matthew

How do you calculate when the trade ends? I mean when is this backtest selling the call? Please don't tell me it's at the maximum profit.

the fact you didn't know you were in a bull market at recording the video is why the whole approach is BS. Main take aways: buying is good when in bull, but we can't know when we're in bull. Gotcha!

You could also sell deep in money covered calls with similar downsides protections that you like on your cash secured puts. A lot of the time the call side will pay that 5% extra in additional premiums. The pro to selling the puts is that it just seems like a much cleaner trade.

I mean to be fair your strategy is sound. But I guess thinking of the whole picture. Neo's has fund qqqi that produces about 14 to 15% yield recovered within days in the last drop and has multiple tax savings First it does some constructive return of capital next it uses the selling on indexes 60/40 split so that it gets 60% long-term capital gains and then 40% short-term capital gains on the distributions. To be fair it doesn't have a long enough track record and we're in a turbulent market to see how much upside in market return it's going to have yet. But depending upon your tax bracket and a few other variables I think it's a pretty good competitor for what you're talking about exactly. Great content as always and definitely got us thinking

So couple months out slight OTM calls seems like the best move

1:21 - 2:04

Thanks, can you make videos WHY do you like market chameleon ? and what is different from thinkorswim ? thanks again for your great info.

Thanks

So glad to see you again!!👍👍🥇

Would you not roll a CC that is ITM, if you could still get a decent premium?

That’s great info On a strategy like this, what kind of IVolatility do you prefer?

PFE looking good now.

gonna try this soon

What a great video - thanks. It was so good, I read every single comment.

Excellent video! Thank you.

Fidelity is the best I've used so far. TD Ameritrade is TRASH. Merrill Lynch is okay, they don't like "self directed" accounts, the online platform sucks. I stay away from the China sites. I still haven't forgotten how Robin Hood ripped off investors with the meme stocks by preventing them from buying, but allowing Wall Street to sell.

Where does the data go?

BUYING options is GAMBLING. SELLING options, is being the CASINO. The House ALWAYS wins, in the long run. MOST people lose their money, most of the time, buying far out of the money calls or puts. Odds of winning by BUYING options is MUCH worse that placing your chips on odd or even at roulette. At least with roulette you have a 18/38 chance of winning when betting on odds or evens, (47.37% chance of winning, 52.62% chance of losing.) With BUYING far out of the money calls or puts, you only have about a 17% chance of winning, and an 83% chance of losing, when buying an out of the money strike price with a .17 delta. WHY? Because you have to be right, three different ways, to make money BUYING options. If you only get two out of three right, you lose. 1) DIRECTION: The underlying share price HAS TO go up, if buying calls, and HAS TO go down, if buying puts. 50/50 chance on this alone. 2) INTENSITY: The underlying share price HAS TO move in the right direction, far enough to cover the COST of buying the option, before you make any money. (How do you calculate those odds?) 3) TIMING: The underlying share price HAS TO go in the right DIRECTION, and FAR ENOUGH, before expiration, for you to make money. Most people lose because they didn’t buy a far out enough expiration date. They may get the DIRECTION right, and the INTENSITY right, but it happened AFTER the expiration date. They ran out of time. Their timing was wrong. Every time I win at SELLING an option that expired out of the money, there is a BUYER who LOST. My personal win rate is 99.99%, SELLING options, because I learned how to ROLL for a net credit, (get PAID to avoid assignment), whenever my strike price is in the money on expiration day. I just rinse and repeat the ROLLING process, until the last ROLL in a long campaign of ROLLS, ends up expiring out of the money. All the accumulated net credits become REALIZED profit. If you want consistent wins, SELL options that are out of the money, with a short expiration date. The option SELLER has the advantage over the option BUYER, because the option SELLER can ROLL their options out to a farther expiration, to get paid MORE premium, when their short option becomes in the money. The option SELLER has the advantage over the option BUYER, because the underlying can move up a little, down a little, or remain the same price. RECAP: Even when the trade turns against the option SELLER, he keeps getting PAID to ROLL the option, (up for calls, and down for puts), and out to a farther expiration, to earn a net credit. (With a put, this LOWERS his capital at risk, with a call, this INCREASES capital gains participation.) The option BUYER has to keep doubling down, and INCREASING his capital at risk, to try and win back his initial loss. Option SELLERS get PAID to ROLL, when done correctly. Option BUYERS have to PAY to ROLL the out of the money, long option. That is throwing good money after lost money. On the rare occasion that your long call expired in the money, and you collected a TON o money, you didn't collect it from me. You collected that money from some other trader, because I ROLLED my in the money covered call, for a net CREDIT. I collected a larger credit when I sold another covered call, than what it cost me to buy to close. Before I learned to ROLL for net credits, my win rate was around 80%. After learning to ROLL for net credits, my win rate is 99.9% I keep moving out of the way of that steamroller that everyone talks about. LOL Knowledge IS power, ONLY if you apply that knowledge.

What would be the result of you short ATMs instead of 20 Deltas?

Useful feature.

oh...one other question. When I roll a position on Robinhood, the history page shows the actual buy to close, and sell to open (with a summary) on one frame or page. Will highlighting that text from bottom right to upper left still work for showing both the close and open entries? Thanks again!

Great enhancement! Been using the tracker for 5-6 months...really like it. Thanks

Great video, would love to see short call rolls included in Robinhood option

Nice enhancement. Too bad I don't use any of those accounts. What strategies are you using in this tricky market?

Great website, thank you so much

Great video, glad you're back!

I recently started selling covered calls and of course the stocks exploded up higher and faster than ever before. When this happens do you defend by rolling out and up and if needed selling puts to do so?

Great update to the platform. Keep all the great videos coming!

Great video! Only one comment: You said that the options get cheaper the further out in time you go (ex: 3 months out - 7:47 in video), yet thats not the case. The more time you have for an option to expire, the pricier it gets. You can even compare the ask prices in both the 7 day and the 3 month options chains in your video and see that the asks are greater in the 3 months chain. I think it might have been a mix up. Thanks for the video!

I love the update! You've really streamlined a process I usually dread, and sometimes transfer the wrong numbers..... Welcome back-I've missed watching your videos

Good to see you back, YC. Interested in your take on the rise of high yield dividend funds and if you're using them.

This was great, thank you! Do you have a similar one for covered calls?

lfg welcome back

Dude..Good to hear from you. Hope everything is well.

I sell below cost bases 99% of time but premiums give me more than stocks loss, to get net gain

welcome back, that is definitely the most painful part of the process!