I’m too new to understand this. Plus I only use Robinhood. It’s not as detailed as your brokerage. This was so confusing
@kiwilockinlockinvah9679Күн бұрын
This is the best...
@LD350Күн бұрын
QGRW
@terry58172 күн бұрын
Hah can you fo one for ibkr? Thanks!
@terry58172 күн бұрын
Hi may i know which subscription you pay for market chameleon?
@yieldcollectorКүн бұрын
The premium $99 one.
@leroyisaac17082 күн бұрын
Glad to see you back!
@Giggidygiggidy123 күн бұрын
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??
@yieldcollector3 күн бұрын
One click auto import would be awesome. Maybe someday.
@Giggidygiggidy123 күн бұрын
Got wrecked in a few wheel trades the past few months
@Giggidygiggidy123 күн бұрын
Whats the current strategy your using today? Can you post an updated video on whats working well right now?
@yieldcollector3 күн бұрын
Sorry I haven't made many videos lately. Just haven't been in the mood for it 😔. I pretty much trade the Wheel Strategy exclusively now. Slow and steady gains are what I go for.
@GoldenTV33 күн бұрын
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?
@matthewfortin3263 күн бұрын
Awesome strat man. Compound interest ftw
@ZeeZee94 күн бұрын
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?
@yieldcollector4 күн бұрын
I believe it checks at the market close if a crossover happened. So the crossover would have to be intact at market close for the trade to trigger the next trading day.
@ZeeZee94 күн бұрын
@@yieldcollectorok thanks!
@ZeeZee92 күн бұрын
@@yieldcollector Ok thank you
@aMoldy4 күн бұрын
If this truly averages 6% per week why is everybody and their mother not doing this strategy?
@yieldcollector4 күн бұрын
Not sure. Maybe most people think they're better off buying far OTM cheaper Calls instead. Also, past performance is no guarantee of future results 😁.
@RonMatthews-q6h6 күн бұрын
Anderson Jennifer Williams Margaret Jackson Matthew
@thealpha_96 күн бұрын
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.
@yieldcollector5 күн бұрын
As far as I'm aware, the backtest results are assuming you hold the option to expiration.
@joesmith84627 күн бұрын
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!
@millerjer8 күн бұрын
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.
@WealthandTravelonaDime9 күн бұрын
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
@yieldcollector9 күн бұрын
Thanks. I actually own some QQQI, so hopefully it holds up well over time. Also, since I made this video I believe that QYLD improved their strategy a bit which should help with the NAV erosion problem.
@WealthandTravelonaDime9 күн бұрын
@@yieldcollector maybe but there is a lot of competition in that space. Also wanted to say thank you because your videos helped me teach my wife to sell puts and sell covered calls wheel strategy when assigned. It's one thing to try to show someone how to do it but once I got her the basics of the options chain it was much easier to let her watch a few of your videos and then go back over it with her. Keep up the great videos
@kylerodgers36089 күн бұрын
So couple months out slight OTM calls seems like the best move
@tz856515 күн бұрын
1:21 - 2:04
@ndreravi457615 күн бұрын
Thanks, can you make videos WHY do you like market chameleon ? and what is different from thinkorswim ? thanks again for your great info.
@yieldcollector15 күн бұрын
I use Market Chameleon mostly for finding earnings trades. The main difference for me is the scan results are backtested in Market Chameleon.
@DARTHDANSAN16 күн бұрын
Thanks
@rick797217 күн бұрын
So glad to see you again!!👍👍🥇
@happycampers659217 күн бұрын
Would you not roll a CC that is ITM, if you could still get a decent premium?
@yieldcollector17 күн бұрын
Yeah I would definitely roll it if I could get a decent credit.
@josepardo678317 күн бұрын
That’s great info On a strategy like this, what kind of IVolatility do you prefer?
@yieldcollector17 күн бұрын
The sweet spot for me is like 30-50% IV.
@josepardo678317 күн бұрын
@@yieldcollector thanks
@karlbork603918 күн бұрын
PFE looking good now.
@theslayer96220 күн бұрын
gonna try this soon
@zocyn22 күн бұрын
What a great video - thanks. It was so good, I read every single comment.
@Jazzycat5023 күн бұрын
Excellent video! Thank you.
@joeashbubemma25 күн бұрын
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.
@ChiIeboy25 күн бұрын
Where does the data go?
@yieldcollector25 күн бұрын
It's stored in the cloud with AWS.
@thomasd548826 күн бұрын
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.
@himanshuguptaa27 күн бұрын
What would be the result of you short ATMs instead of 20 Deltas?
@yieldcollector27 күн бұрын
High income, no share price appreciation. Pretty much the performance of QYLD. That is the strategy there www.globalxetfs.com/funds/qyld/ .
@johnwilliamson95827 күн бұрын
Useful feature.
@stevekill222328 күн бұрын
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!
@yieldcollector28 күн бұрын
I'm not quite sure. I opened a Robinhood account for testing purposes just to implement this feature. I just tested single Stock, Call, and Put trades. I haven't tested rolls yet. If it combined the roll into one transaction then it most likely won't work. With Fidelity when you roll it actually breaks it up into two transactions.
@stevekill222328 күн бұрын
Great enhancement! Been using the tracker for 5-6 months...really like it. Thanks
@bookbreakdownsAP28 күн бұрын
Great video, would love to see short call rolls included in Robinhood option
@billstevens527728 күн бұрын
Nice enhancement. Too bad I don't use any of those accounts. What strategies are you using in this tricky market?
@yieldcollector28 күн бұрын
I pretty much have been doing the Wheel like always. Been doing more growth stocks than dividend stocks lately.
@chaflanful28 күн бұрын
Great website, thank you so much
@glene294228 күн бұрын
Great video, glad you're back!
@bfine196229 күн бұрын
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?
@yieldcollector28 күн бұрын
If the stock explodes past my strike price I usually just let my shares get called away. I'll be content with the small profit. Missing out on occasional large upside moves is definitely a disadvantage of Covered Calls.
@TurboBcore29 күн бұрын
Great update to the platform. Keep all the great videos coming!
@tommy151829 күн бұрын
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!
@yieldcollector29 күн бұрын
Thanks. I believe I was referring to the fact that as you go further OTM the options get cheaper for that particular expiration cycle.
@timleeman462729 күн бұрын
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
@drm136729 күн бұрын
Good to see you back, YC. Interested in your take on the rise of high yield dividend funds and if you're using them.
@yieldcollector29 күн бұрын
Thanks. I'm staying away from the new super high yielding ETFs. They seem unsustainable to me. I have some JEPQ. I like that one a lot.
@drm136729 күн бұрын
@@yieldcollector Good to know. I have no doubt the current payout rates are unsustainable, but I wonder if they settle into a useful (but volatile) 15-20% range. I have a small amount invested in them, but not the single-stock ones.
@albeenokrokadil29 күн бұрын
This was great, thank you! Do you have a similar one for covered calls?
@yieldcollector29 күн бұрын
No, sorry. I'll put that one on my list to make.
@albeenokrokadil29 күн бұрын
@@yieldcollector thank you! I cant believe you dont have more subscribers. I love your videos, to the point, not shilling anything. Very informative. Keep up the great work.
@song351629 күн бұрын
lfg welcome back
@pribre29 күн бұрын
Dude..Good to hear from you. Hope everything is well.
@yieldcollector29 күн бұрын
Thanks. Yeah I'm fine, I just wanted a KZfaq break for awhile.
@davidcartagena127229 күн бұрын
I sell below cost bases 99% of time but premiums give me more than stocks loss, to get net gain
@RobOToole129 күн бұрын
welcome back, that is definitely the most painful part of the process!