Trading Series Pt 1: th-cam.com/video/6sAgqRWTQyQ/w-d-xo.html The Wheel Tutorial: bit.ly/3a5zu3c The Wheel Spreadsheet: 📄Google Sheets: docs.google.com/spreadsheets/d/1NsV8FaP9W7fnXTLhKqD4tPt2FsRDePg7ODPe0KFk7G0/edit?usp=sharing (Select "File", then "Make a Copy") 📄Excel Spreadsheet: bit.ly/358Wdbi Think or Swim Download: bit.ly/32aRN2B Think or Swim Tutorial: bit.ly/3a4N5I9 Think or Swim Tips & Tricks: bit.ly/3g3zzbj LEAPS Tutorial: bit.ly/3wLHBvs Cash-Secured Put Tutorial: bit.ly/3sdRi2h Options Trading Tutorial: bit.ly/3tboh8R My Think or Swim Layout: tos.mx/FggxYYH My Watchlist: tos.mx/y6D3Noq My Watchlist (for non-Think or Swim users) !!MUST SELECT "FILE" THEN "MAKE A COPY!!" (or download): docs.google.com/spreadsheets/d/1jCRrxidOtmepiB6MZA8Y659WUWCGACNYzNBVO2NoeQk/edit?usp=sharing
I appreciate that this guy keeps it real. Not haggling us to subscribe every 45 seconds, not begging for likes, not taking 20% of the video to go over the sponsor. Just good, quality content. If you're wondering if we (your viewers) notice, we absolutely do. Don't change.
@@InTheMoneyAdam also the dry humor + intelligent personal opinions make the video entertaining and not a boring educational vid. Ur awesome man keep doing your thang!
@@InTheMoneyAdam your videos are the best! I was able to turn my 20k down to 10k down with options and then the stock price went up and I profited! ❤ THANK YOU ADAM ❤
"You might ask what about the fundamentals Adam so I went and skimmed Seeking Alpha. Ok don't worry I found some confirmation bias and that was good enough for me." True stock market research right here.
What’s even better is there’s different authors on there so some days one author has a bullish thesis and another has a bearish thesis on the same day. 🌝
At 24:14 Adam says that he can't see the debit part of the transaction. I figured out how to do that. He was in the order history section. If you go down to the section below that one, the trade history section, and click on the cog wheel at the far right for that section, you can add "price" and also "net price." The price section will give you both the credit and debit, and the net price will give you the total credit or debit for the spread.
I’m really digging these longer videos. Short videos are fun and entertaining but these longer videos give me a chance to sit down with some coffee and a notepad and really learn. Your videos are so helpful, thanks man.
I like how transparent you are . It is soooooo easy to screw up a order when you are in the moment . It’s also so easy to overreact afterwards and buy shares you wouldn’t buy normally
Beautifully orchestrated explanation. Intense, but not ridiculously technical. As down to earth as possible with this stuff. I’m soooo grateful I found you a few months ago! Wow.
I respect the fact that you said you use TH-cam money to buy options. Some youtubers ignore that factor and pretend their entire portfolio is the result of successful trading.
My biggest mistake was not knowing how to save a bad option with AMC, where it unexpectedly shot up. I did it in the morning on a Friday during the highest volatility by first buying to close that option at $2,000, but right after I did so, seconds later it plummeted causing the sell to open to drop to $1,400, without even giving me a chance to sell to open again like extreme bad luck. I was waiting for it hoping to go back up, but no, it continued to plummeted until it dropped. So, I lost $2,000 trying to roll an option doing it in the morning by first buying to close followed by selling to open, separately, when I should have done so in the option chamber simultaneously. Rookie mistake and my biggest option mistake ever. Man, it’s very painful losing $2,000 under 10 seconds knowing now how simple it was to avoid this mistake, but I was so used to only buy-to-close on the actual contract page then followed up by selling-to-open again without ever experiencing such high volatility causing the price to change in a matter of seconds, instead of doing so in the option chamber.
Not personally. Personally, I would buy one with a 0.7-0.9 delta that expires in over a year. Kinda refreshing the position. And as long as it stays ITM, you can wait until just before expiration to sell and open a new one if you prefer not to buy more. By expiration, if your option is ITM, it will still have plenty of Intrinsic Value. Extrinsic value is pretty much gone at that point, but that’s okay because it was small to begin with. You will have close a 1 delta. You can then sell and open a new one with the refreshed stats mentioned above to keep your position alive. Personally though, I’d use any big dip to add a fresh LEAPS to the pile if you can afford it. And big dip being at least 15% unless money isn’t much of a problem for you.
@@InTheMoneyAdam Thank you. Most of my leaps are already very far out. Jan 2023 exp. So I still have alot of time . Some have dropped in value. I don't know if that info changes anything
I feel like I failed to clarify that buying more is just a way to recoup losses faster and amplify gains. The most important thing is to keep the LEAPS alive. This means within a month or two of expiration, at LEAST selling your current LEAPS and opening a new one to keep it alive. Buying more is more of a preference. Do you want more leverage? Can you afford it? Would it put your portfolio out of balance? All it really is is averaging down (although not exactly because you’re not buying the exact same option for a cheaper price, but same idea). This is extremely important because it’ll make you more money over the long run and recoup losses quickly, but concern #1 is never letting the position die. Always close and open a new one before expiration, and you should be able to do this for every LEAPS you have open unless you want to lock in profits on some. Edit: Always keep an eye on liquidity. If you think the liquidity of your LEAP may get real bad and you won't be able to afford to exercise by expiration, then you should close the position and open a new one with a higher strike. Be really sure that liquidity is drying up, especially if it's been less than a year, to avoid a taxable event. This means checking expiries closer to you to see if liquidity will improve over time for the same strike and lower.
@@InTheMoneyAdam So LEAPS are kinda like your just holding the potential capital gains or losses without holding the shares directly. Any time the contract comes due you are forced to realize those gains/losses unless you roll your position which is a simple way of saying that your selling and realizing your gain or loss only to rebuy another contract to maintain or reverse the position. Wouldn't it be ideal to enter into LEAPS around the middle or end of the year so that you can potentially realize a loss in the event you want to write off the losses on your taxes? A kind of LEAP season so to speak?
*POOR MINDSET IMMEDIATELY SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION RICH MINDSET SEEKS TO SPEND THEIR TIME RESOURCES,AND ENERGY ON WORK THAT CONTINUES TO PAY OFF LONG AFTER THE EFFORT HAS BEEN INVESTED*
I watched this just for the Roll Options section. Really excellent and well articulated information! That and your Wheel video are fantastic - I've subscribed. Plus the beginning part of telling a lie to grandma... OMG, that was hysterical.
why would having all your portfolio in leaps be bad? maybe its its locked up and if profit takes a dump, but why else is it bad? I have a super small account == $300
Dude, thank you - your content has changed our life. For long term investing, do you mainly buy and hold lots of shares in a shortlist of blue chip stocks? Kinda a Warren Buffet approach?
Adam plz answer me! I've watched several of your videos i like your content and honestly I came up with the idea of your wheel strategies before I ever saw your video ill admit wheel sounds much nicer then ungelation but you educated me on more of the finest of it and I truly thank you for that. My question however is that even though I know it would take some time to get turning do you think its possible to kick start a wheel using a pmcc?(something i learned entirely from you) as to regards to this video my long term investment consist of about 5600 im amc (about 500% profit) and thats about it . I also think its worth mentioning that I'm not sure if I'm accurate buying a pmcc ( 69 cent premium on a dollar stock with a 50 cent strike 2023 ) that I plan on shorting closer to the market(time frame) anyway any answer would be appreciated thank you for your content and knowledge and thank you for giving me a reason to belive I can give my children generational wealth
I'm glad I watched this, I was getting excited about calls, puts and leaps but I'll concentrate on my long term investments first. Plus, I still don't understand it so it'd be really dumb for me to try.
Thanks for the AWESOME content. Quick question. I bought a LEAPS contract on GE and then it went against me so I bought another contract so I have 2 - $12.00 calls Expiration Date of 1/20/2023 At average cost of $3.29 I am down 33% and they are now worth $2.18. This was before the reverse split and now I can't buy more at that price so I wanted to maybe do a PMCC and sell some earlier calls in order to recoup some losses. Will this even be possible in this situation? If not, what would you suggest? The only thing I can think of is to just hold them as I am Bullish on GE over the long term. Thanks again for your valuable educational content sir.
I just recently did this with NOK. I bought NOK leaps back in dec 2020 and didn’t sell during the January run up, and held through to march earnings where it jumped back up to break even price. So I sold the 2022 leaps and bought some 2023 leaps with it.
Thanks for your wonderful comment and ratings,I really appreciate ♥️.. I'll advise you to invest in crypto like I do& make good profits as it's currently the most profitable Investment now I will commend you to my Director Chris Rogers he's gonna help you make huge returns in crypto and lots more
Hey Adam. First off, thank you for all of the videos. You seem to want to teach people and from the videos I've seen, you have tried to sell anything (besides a pin). My question: you say to sell a covered calls 30 or so days out. I've looked at 30 days out on a stock I'm selling calls against and it's not 4 times the amount I could just sell an option a week out. I've noticed over my short trading career that if I sell 4 weekley calls I make alot more than if I do monthly calls. Im afraid I may be missing something though.
Damn Adam!! Love this very awesome video and the straight forward no bullshit explanation! You have been one of my most favorite go to for educational content!!
adam, bro you have helped me a TON. i have watched your videos ( several times to understand it) and i hope you can answer this question. So i bought a long call way in the money also a short call out of the money. Well i was wanting to exercise my long call 2 weeks before expiry so i can receive 100 shares for 2.5 dollars. Was hoping you could give me some feedback on this. thanks man
The bitly links for both the direct support to the channel and the excel sheet do not work and the google sheet does not show the spread sheet to copy it only shows a button to request access.
I signed up with your Webull link last week and added a 100 so hopefully you get the commission. These videos are great, and the covered call vid from a while back got me started with options, and actually making money.
I like to sell my puts and roll every week. I generally hold pretty close to expiration. Typically what I’ll do is I’ll do what I call a practice role. If my projected theta is higher than my current theta do the roll. if my projected theta is lower than my current theta I wait. It’s a nice little self-correcting system. Typically when the option is that the money I hold it all the way till expiration Friday. If the option is out or in the money, The roll might happen a little sooner
opinion on rolling deep itm QQQ or SPY leap calls with a delta of around 0.8-0.9 for the long term over just holding the shares? This is for an undercapitalized young guy?
Thanks for the candid sharing. I wonder if you would care to share your spreadsheet for keeping track of your options trades. It seems much better than mine
Hey Adam, I recently bought an ATM leap for VTI. I figure it is a relatively safe position because the market as a whole goes up more than it goes down and there is not much volatility. So far I have made about 50% profit in the month since I bought it. How do you feel about ATM/ITM leaps on ETFs like VTI or SPY?
Adam are you selling covered call against your LEAP as well ? If yes, what happen if you get assigned. Is the broker will just do the math for you and close your leap ?
I have a option 5/21 experation I bought at 3.90 that's now worth $212.00. The stock price is at 14.00 and my strike is $12.50. Should I roll or exercise?
You should do an episode that shows why and how a stock can be held down after IPO or Merger, Paysafe would be a great example! Undervalued and being held down by one big bank(goldman sachs) keep up the great videos and understanding!
I am sure you will address this in a future video but since you are using margin for your BMBL put, when you eventually get assigned, do you plan to add cash to fully cover your position or use the premiums from your calls to offset the margin interest? Thanks!
Thanks for your wonderful comment and ratings,I really appreciate ♥️.. I'll advise you to invest in crypto like I do& make good profits as it's currently the most profitable Investment now I will commend you to my Director Chris Rogers he's gonna help you make huge returns in crypto and lots more.
It seems to me that the best way to utilize options doing the wheel or leaps is when you have say at least 10-20k to work with. I do long term equities at 75%, 10% in options, 10% in crypto and 5% or less in futures. I'm currently saving up to work with options.
I’m just starting out with options, and have only a tiny amount to put into investing. If I looked at stock history and determine a stock goes up a certain time of the year and get a call option I plan to sell when it increases later, but is currently out of the money, is this a bad idea, or just a risky investment?
So when you roll out and up, if the underlying price contracts, does it make sense to roll it back down if you can collect another credit. I could see this in a scenario where the underlying shoots up over the strike of your short position. You roll it out to avoid assignment, but then the price drops down, making your short leg very cheap to buy, and allowing you to correct another credit by either dropping the strike, and/or moving in the expiration.
When rolling, does it make more sense to try and stagger the two transactions? If the underlying is on a dip, that's great for buying to close the call, but you're not going to generate a great premium selling the call. If the underlying is on a bullish run and high, the premium is going to be high which rules, but it's going to suck buying to close that call you have open. What about buying to close, and then giving yourself like til the end of the week or the next week to see if the underlying rises and generate a little extra income? If it stays flat or dips, then maybe sell a call with a really close expiration to hope the underlying rises to finally sell your new call? Thx, been learning a lot.
Awesome video, hey is the Discord still working? Also, I see the struggle with the Google Docs, it takes us straight to the "Request Access" screen, which is a bummer
I got into options cause of Adam I have ....100% leaps in my portofolio cause of Adam......am now a millionaire because of.....Adam..../thanks Adam ❤️❤️❤️❤️❤️leaps is the way💪💪💪💪💪🙌🙌🙌wish I found out sooner 🤦♂️🤦♂️🤦♂️🤦♂️
Well, luckily I'm better at excel than I am predicting stock moves. So that wasn't me that requested access!! I did however, buy a MSFT call around the same time as you, only to watch it plummet OTM a few hours later. 🙄 Thanks as always for the video, and in this case impeccable timing!
Thanks for your wonderful comment and ratings,I really appreciate ♥️.. I'll advise you to invest in crypto like I do& make good profits as it's currently the most profitable Investment now I will commend you to my Director Chris Rogers he's gonna help you make huge returns in crypto and lots more..
Hey, Adam the google sheet that is linked in the description for the wheel strategy is missing the "# of shares assigned:", anyway we can get an updated version? I was assigned 600 shares of a stock and it told me to sell calls way above what my break-even really would be. I figured that I just divide by how many hundreds I have, so for instance, on owning 600 shares, if the algorithm tells me to sell calls above 59.54, I'd divide by six and actually have to sell calls above 9.92. I really appreciate it.
Adam, love your videos...but...I'm not sure you are correct in the way you recorded your rolled position in your wheel spreadsheet. I'm using your spreadsheet (thank you for that) and the way that seemed correct to me was to add the credit value when the CSP is sold, then when rolled, add that same value to the debit side and close that CSP. Then add the rolled CSP and its new credit value to the credit side and mark it as open. This still doesn't seem correct though as the current "unrealized" credit value is no doubt different than the original credit value the CSP was sold for. Since the whole objective is an accurate cost basis if assigned the stock, this has to be nailed down. It seems to me you have to know exactly what the buy to close debit was and the sell to open credit amount to keep the spreadsheet accuracy valid. If it isn't too far into the weeds maybe this would be a good video topic?
![[LIVE] : ONE ลุมพินี 87 วันนี้!! คู่เอก "ก้องชัย vs โชคปรีชา"](http://i.ytimg.com/vi/YN6e7HVnekw/mqdefault.jpg)
Trading Series Pt 1: th-cam.com/video/6sAgqRWTQyQ/w-d-xo.html
The Wheel Tutorial: bit.ly/3a5zu3c
The Wheel Spreadsheet:
📄Google Sheets: docs.google.com/spreadsheets/d/1NsV8FaP9W7fnXTLhKqD4tPt2FsRDePg7ODPe0KFk7G0/edit?usp=sharing
(Select "File", then "Make a Copy")
📄Excel Spreadsheet: bit.ly/358Wdbi
Think or Swim Download: bit.ly/32aRN2B
Think or Swim Tutorial: bit.ly/3a4N5I9
Think or Swim Tips & Tricks: bit.ly/3g3zzbj
LEAPS Tutorial: bit.ly/3wLHBvs
Cash-Secured Put Tutorial: bit.ly/3sdRi2h
Options Trading Tutorial: bit.ly/3tboh8R
My Think or Swim Layout: tos.mx/FggxYYH
My Watchlist: tos.mx/y6D3Noq
My Watchlist (for non-Think or Swim users)
!!MUST SELECT "FILE" THEN "MAKE A COPY!!" (or download):
docs.google.com/spreadsheets/d/1jCRrxidOtmepiB6MZA8Y659WUWCGACNYzNBVO2NoeQk/edit?usp=sharing
I appreciate that this guy keeps it real. Not haggling us to subscribe every 45 seconds, not begging for likes, not taking 20% of the video to go over the sponsor. Just good, quality content. If you're wondering if we (your viewers) notice, we absolutely do. Don't change.
Appreciate that man, thank you
@@InTheMoneyAdam also the dry humor + intelligent personal opinions make the video entertaining and not a boring educational vid. Ur awesome man keep doing your thang!
@@InTheMoneyAdam your videos are the best! I was able to turn my 20k down to 10k down with options and then the stock price went up and I profited! ❤ THANK YOU ADAM ❤
Yeah I’d definitely have a beer with him
He also keeps it real about being a virgin! What a guy
"You might ask what about the fundamentals Adam so I went and skimmed Seeking Alpha. Ok don't worry I found some confirmation bias and that was good enough for me."
True stock market research right here.
What’s even better is there’s different authors on there so some days one author has a bullish thesis and another has a bearish thesis on the same day. 🌝
At 24:14 Adam says that he can't see the debit part of the transaction. I figured out how to do that. He was in the order history section. If you go down to the section below that one, the trade history section, and click on the cog wheel at the far right for that section, you can add "price" and also "net price." The price section will give you both the credit and debit, and the net price will give you the total credit or debit for the spread.
@@kimbuck-2 I’m running the “Think Or Swim” downloadable platform on a computer running Windows 10.
I’m really digging these longer videos. Short videos are fun and entertaining but these longer videos give me a chance to sit down with some coffee and a notepad and really learn. Your videos are so helpful, thanks man.
"what did you do with all my money you little shi.." I love this channel.
I like how transparent you are . It is soooooo easy to screw up a order when you are in the moment . It’s also so easy to overreact afterwards and buy shares you wouldn’t buy normally
Beautifully orchestrated explanation. Intense, but not ridiculously technical. As down to earth as possible with this stuff. I’m soooo grateful I found you a few months ago! Wow.
Come for the option tips, stay for the comedy. Dude, your comedy is seriously underrated and getting better all the time.
This is the one channel where I have actually really learned about options trading. Everybody else only gives me half of the truth.
that thumbnail is just god tier, how don't you have a million subscribers everyone needs to learn options
I respect the fact that you said you use TH-cam money to buy options. Some youtubers ignore that factor and pretend their entire portfolio is the result of successful trading.
Adam "to protect my grandma's innocence" ITM
Deep ITM
My biggest mistake was not knowing how to save a bad option with AMC, where it unexpectedly shot up. I did it in the morning on a Friday during the highest volatility by first buying to close that option at $2,000, but right after I did so, seconds later it plummeted causing the sell to open to drop to $1,400, without even giving me a chance to sell to open again like extreme bad luck. I was waiting for it hoping to go back up, but no, it continued to plummeted until it dropped. So, I lost $2,000 trying to roll an option doing it in the morning by first buying to close followed by selling to open, separately, when I should have done so in the option chamber simultaneously. Rookie mistake and my biggest option mistake ever. Man, it’s very painful losing $2,000 under 10 seconds knowing now how simple it was to avoid this mistake, but I was so used to only buy-to-close on the actual contract page then followed up by selling-to-open again without ever experiencing such high volatility causing the price to change in a matter of seconds, instead of doing so in the option chamber.
When you say " buy more leaps if they move against you" do you recommend the exact same contract and strike price?
Not personally. Personally, I would buy one with a 0.7-0.9 delta that expires in over a year. Kinda refreshing the position. And as long as it stays ITM, you can wait until just before expiration to sell and open a new one if you prefer not to buy more. By expiration, if your option is ITM, it will still have plenty of Intrinsic Value. Extrinsic value is pretty much gone at that point, but that’s okay because it was small to begin with. You will have close a 1 delta. You can then sell and open a new one with the refreshed stats mentioned above to keep your position alive.
Personally though, I’d use any big dip to add a fresh LEAPS to the pile if you can afford it. And big dip being at least 15% unless money isn’t much of a problem for you.
@@InTheMoneyAdam Thank you. Most of my leaps are already very far out. Jan 2023 exp. So I still have alot of time . Some have dropped in value. I don't know if that info changes anything
I feel like I failed to clarify that buying more is just a way to recoup losses faster and amplify gains. The most important thing is to keep the LEAPS alive. This means within a month or two of expiration, at LEAST selling your current LEAPS and opening a new one to keep it alive. Buying more is more of a preference. Do you want more leverage? Can you afford it? Would it put your portfolio out of balance? All it really is is averaging down (although not exactly because you’re not buying the exact same option for a cheaper price, but same idea). This is extremely important because it’ll make you more money over the long run and recoup losses quickly, but concern #1 is never letting the position die. Always close and open a new one before expiration, and you should be able to do this for every LEAPS you have open unless you want to lock in profits on some.
Edit: Always keep an eye on liquidity. If you think the liquidity of your LEAP may get real bad and you won't be able to afford to exercise by expiration, then you should close the position and open a new one with a higher strike. Be really sure that liquidity is drying up, especially if it's been less than a year, to avoid a taxable event. This means checking expiries closer to you to see if liquidity will improve over time for the same strike and lower.
@@InTheMoneyAdam Thanks for all the info. You are the man!
@@InTheMoneyAdam So LEAPS are kinda like your just holding the potential capital gains or losses without holding the shares directly.
Any time the contract comes due you are forced to realize those gains/losses unless you roll your position which is a simple way of saying that your selling and realizing your gain or loss only to rebuy another contract to maintain or reverse the position.
Wouldn't it be ideal to enter into LEAPS around the middle or end of the year so that you can potentially realize a loss in the event you want to write off the losses on your taxes? A kind of LEAP season so to speak?
I really love the amount of time and effort you put into these videos. These aren't easy to make, and you provide a ton of value. Thank you
"for the love of God, don't screw yourself over." I'M TRYING, ADAM.
Lol
*POOR MINDSET IMMEDIATELY SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION RICH MINDSET SEEKS TO SPEND THEIR TIME RESOURCES,AND ENERGY ON WORK THAT CONTINUES TO PAY OFF LONG AFTER THE EFFORT HAS BEEN INVESTED*
Despite the economic crisis,this is a Still a good time to invest in stock and Crypto,
The rich spend less and invest more
Investing in these economic crisis will be one of the best thing to do,
You're right I think stock and Crypto are the best to invest right now☺️
As stock's are good but crypto is better
Some of the best options videos on TH-cam.
Check out the Trading Fraternity for daily live streams, Josh is a legend.
How are you so charismatic and funny - AND educational?!?!?! ✌️❤️
Adam great videos thanks, What's your opinion on Long Call Debit Spread 4 to 6 months long?
these thumbnails are 🔥
bruh I didn't even tell at first XD
trader with the best thumbnails
"No one gives a rats ass about current you, and neither should you."
So inspiring, it brings a tear to my eye.
I love this guys Transparency! And all his teachings
I watched this just for the Roll Options section. Really excellent and well articulated information! That and your Wheel video are fantastic - I've subscribed.
Plus the beginning part of telling a lie to grandma... OMG, that was hysterical.
Adam’s heartfelt message ❤️
Thank you! I’ve just started learning options over the last month. Only paper trading Haven’t gotten in with real money yet. Thanks again for the $10.
My favorite TH-camr!
I love that spread sheet, I use it for when I'm doing the wheel or just covered calls or poor man's covered call. Great video as always!
𝘛•𝘩•𝘢•𝘯•𝘬•𝘴 𝘧•𝘰•𝘳 𝘞•𝘢•𝘵•𝘤•𝘩•𝘪•𝘯•𝘨. F•𝘰•𝘳 I•n•v•e•s•t•m•e•n•t & E•a•r•n•i•n•g•s 𝘞•𝘏•𝘈•𝘛•𝘚•𝘈•𝘗•𝘗 +•1•9•7•3•5•2•4•6•6•9•2
can you share the spreadsheet, when i try to access it, it gives me an error.
“Don’t have 50% of your portfolio in leaps”
Me sitting here with 100% of my portfolio in OTM leaps like 👀
Riight!?!?! I dont know about OTM LEAPS but LEAPS > Everything else
Lol fr
Bruuhhh me too 😂😂😂😂need a come up so I can invest properly but am in leaps for life this is the way 💪💪💪
I'm sitting at 30% of my total portfolio in leaps, but I'm also selling calls against them
why would having all your portfolio in leaps be bad? maybe its its locked up and if profit takes a dump, but why else is it bad? I have a super small account == $300
Dude, thank you - your content has changed our life. For long term investing, do you mainly buy and hold lots of shares in a shortlist of blue chip stocks? Kinda a Warren Buffet approach?
I just love hanging with this guy !! Keep it up
Adam plz answer me! I've watched several of your videos i like your content and honestly I came up with the idea of your wheel strategies before I ever saw your video ill admit wheel sounds much nicer then ungelation but you educated me on more of the finest of it and I truly thank you for that. My question however is that even though I know it would take some time to get turning do you think its possible to kick start a wheel using a pmcc?(something i learned entirely from you) as to regards to this video my long term investment consist of about 5600 im amc (about 500% profit) and thats about it . I also think its worth mentioning that I'm not sure if I'm accurate buying a pmcc ( 69 cent premium on a dollar stock with a 50 cent strike 2023 ) that I plan on shorting closer to the market(time frame) anyway any answer would be appreciated thank you for your content and knowledge and thank you for giving me a reason to belive I can give my children generational wealth
Learning a lot from you man. I appreciate you making these vids. Keep em comin. 🙏🏼🤘🏼
Thanks for all these videos. I enjoy them, learning and laughing out loud.
I'm glad I watched this, I was getting excited about calls, puts and leaps but I'll concentrate on my long term investments first. Plus, I still don't understand it so it'd be really dumb for me to try.
Thanks for the AWESOME content.
Quick question. I bought a LEAPS contract on GE and then it went against me so I bought another contract so I have
2 - $12.00 calls
Expiration Date of 1/20/2023
At average cost of $3.29
I am down 33% and they are now worth $2.18.
This was before the reverse split and now I can't buy more at that price so I wanted to maybe do a PMCC and sell some earlier calls in order to recoup some losses. Will this even be possible in this situation?
If not, what would you suggest?
The only thing I can think of is to just hold them as I am Bullish on GE over the long term.
Thanks again for your valuable educational content sir.
I'm buying a deep ITM LEAPS for AAPL tomorrow 🔥 by the way I like the shootout to Tastyworks 🔥🔥🔥🔥
Does rolling a position create a taxable event? Is it different from just "doubling down" so to speak?
do you use webull to look at the charts? or is Think or Swim better?
I just recently did this with NOK. I bought NOK leaps back in dec 2020 and didn’t sell during the January run up, and held through to march earnings where it jumped back up to break even price. So I sold the 2022 leaps and bought some 2023 leaps with it.
Thanks for your wonderful comment and ratings,I really appreciate ♥️..
I'll advise you to invest in crypto like I do& make good profits as it's currently the most profitable Investment now I will commend you to my Director Chris Rogers he's gonna help you make huge returns in crypto and lots more
W/H/A/S/A/P/P/
+/1/9/4/9/9/8/9/7/3/2/3..
27:00 Your heartfelt message genuinely touch my heart
Hey Adam. First off, thank you for all of the videos. You seem to want to teach people and from the videos I've seen, you have tried to sell anything (besides a pin). My question: you say to sell a covered calls 30 or so days out. I've looked at 30 days out on a stock I'm selling calls against and it's not 4 times the amount I could just sell an option a week out. I've noticed over my short trading career that if I sell 4 weekley calls I make alot more than if I do monthly calls. Im afraid I may be missing something though.
Damn Adam!! Love this very awesome video and the straight forward no bullshit explanation! You have been one of my most favorite go to for educational content!!
Thanks for the option content, especially LEAPS! Great explanation. Appreciate the spreadsheet!
Thanks for the Warcraft 3 product key in the back. Worked Perfectly!
"If you're me, and I'm me" LOL
You got in cvs at such a good time. Shot up a ton couple days after this vid. Love your content you keep it real. Keep up the great work.
adam, bro you have helped me a TON. i have watched your videos ( several times to understand it) and i hope you can answer this question. So i bought a long call way in the money also a short call out of the money. Well i was wanting to exercise my long call 2 weeks before expiry so i can receive 100 shares for 2.5 dollars. Was hoping you could give me some feedback on this. thanks man
😆 this was refreshing to watch. Thanks for making it.
Adam, does the 10% of your portfolio in LEAPS include shorter term options in the Wheel strategy? Thank you for all the videos.
Do you have any plans on selling diagonals/PMCC’s against your leaps during this series?
The bitly links for both the direct support to the channel and the excel sheet do not work and the google sheet does not show the spread sheet to copy it only shows a button to request access.
I signed up with your Webull link last week and added a 100 so hopefully you get the commission. These videos are great, and the covered call vid from a while back got me started with options, and actually making money.
Just a heads up, the links to the spreadsheets dont work right now. Great video as always!
I like to sell my puts and roll every week. I generally hold pretty close to expiration. Typically what I’ll do is I’ll do what I call a practice role. If my projected theta is higher than my current theta do the roll. if my projected theta is lower than my current theta I wait. It’s a nice little self-correcting system. Typically when the option is that the money I hold it all the way till expiration Friday. If the option is out or in the money, The roll might happen a little sooner
opinion on rolling deep itm QQQ or SPY leap calls with a delta of around 0.8-0.9 for the long term over just holding the shares? This is for an undercapitalized young guy?
Thanks for the candid sharing. I wonder if you would care to share your spreadsheet for keeping track of your options trades. It seems much better than mine
Hey Adam, I recently bought an ATM leap for VTI. I figure it is a relatively safe position because the market as a whole goes up more than it goes down and there is not much volatility. So far I have made about 50% profit in the month since I bought it. How do you feel about ATM/ITM leaps on ETFs like VTI or SPY?
I LOLed loud at "What did you do with my f%$@ing money you little sh1t?"
Do you have a strategy for rolling covered calls once half the premium has expired like you do for cash secured puts?
Thank you for your videos! I am running a wheel strategy right now on a low value stock and averaging about 11% profit a month
beautiful rant..... made me feel good thanks
Read you loud and clear ... Buy ad many leaps as I can 👍
𝘛•𝘩•𝘢•𝘯•𝘬•𝘴 𝘧•𝘰•𝘳 𝘞•𝘢•𝘵•𝘤•𝘩•𝘪•𝘯•𝘨. F•𝘰•𝘳 I•n•v•e•s•t•m•e•n•t & E•a•r•n•i•n•g•s 𝘞•𝘏•𝘈•𝘛•𝘚•𝘈•𝘗•𝘗 +•1•9•7•3•5•2•4•6•6•9•2
Adam are you selling covered call against your LEAP as well ? If yes, what happen if you get assigned. Is the broker will just do the math for you and close your leap ?
Epic humor in this video!!!!
Does that 50% rule go for selling covered calls also?
I have a option 5/21 experation I bought at 3.90 that's now worth $212.00. The stock price is at 14.00 and my strike is $12.50. Should I roll or exercise?
You should do an episode that shows why and how a stock can be held down after IPO or Merger, Paysafe would be a great example! Undervalued and being held down by one big bank(goldman sachs) keep up the great videos and understanding!
Dropping jewels 💎 (knowledge)
I am sure you will address this in a future video but since you are using margin for your BMBL put, when you eventually get assigned, do you plan to add cash to fully cover your position or use the premiums from your calls to offset the margin interest? Thanks!
Thanks for your wonderful comment and ratings,I really appreciate ♥️..
I'll advise you to invest in crypto like I do& make good profits as it's currently the most profitable Investment now I will commend you to my Director Chris Rogers he's gonna help you make huge returns in crypto and lots more.
W/H/A/S/A/P/P/
+/1/9/4/9/9/8/9/7/3/2/3
It seems to me that the best way to utilize options doing the wheel or leaps is when you have say at least 10-20k to work with. I do long term equities at 75%, 10% in options, 10% in crypto and 5% or less in futures. I'm currently saving up to work with options.
I haven't even watched the video yet. The thumbnail is killing me 🤣🤣🤣🤣
Thanks for covering the 50% profit taking
"I have TH-cam 'fuck you' money"
lmao i fucking love your videos they help me learn while still making me laugh
I’m just starting out with options, and have only a tiny amount to put into investing. If I looked at stock history and determine a stock goes up a certain time of the year and get a call option I plan to sell when it increases later, but is currently out of the money, is this a bad idea, or just a risky investment?
The content is gold as usual. However, I came for the thumbnail. ¨No ragrets¨
When I own a leap, when should I sell? should I just set a PT for the exit?
So when you roll out and up, if the underlying price contracts, does it make sense to roll it back down if you can collect another credit. I could see this in a scenario where the underlying shoots up over the strike of your short position. You roll it out to avoid assignment, but then the price drops down, making your short leg very cheap to buy, and allowing you to correct another credit by either dropping the strike, and/or moving in the expiration.
When rolling, does it make more sense to try and stagger the two transactions? If the underlying is on a dip, that's great for buying to close the call, but you're not going to generate a great premium selling the call. If the underlying is on a bullish run and high, the premium is going to be high which rules, but it's going to suck buying to close that call you have open. What about buying to close, and then giving yourself like til the end of the week or the next week to see if the underlying rises and generate a little extra income? If it stays flat or dips, then maybe sell a call with a really close expiration to hope the underlying rises to finally sell your new call? Thx, been learning a lot.
We don’t lose money on the InTheMoney show… We just get the dice and roll 🎲 🎲
Just found your videos, love them, subscribed and liked!
Can you share your M1 pie or do you have a video on your longterm investment.
how do you categorize what you have, like with LEAPS and the rest? I want to be able to title different strategies.
thanks
I’m sorry, big dum dum here requested access when I first stated using your spreadsheet. Been using it for a month, works great thanks.
Rolling does not have any benefit over manually/separately closing and then writing a new option, right? WRT fees, etc.
𝘛•𝘩•𝘢•𝘯•𝘬•𝘴 𝘧•𝘰•𝘳 𝘞•𝘢•𝘵•𝘤•𝘩•𝘪•𝘯•𝘨. F•𝘰•𝘳 I•n•v•e•s•t•m•e•n•t & E•a•r•n•i•n•g•s 𝘞•𝘏•𝘈•𝘛•𝘚•𝘈•𝘗•𝘗 +•1•9•7•3•5•2•4•6•6•9•2
Thanks for the video, a lot of good information
How many contracts did you buy? Curious about this vs a percentage of your portfolio. Will you do PMCC with your LEAPS?
Awesome video, hey is the Discord still working? Also, I see the struggle with the Google Docs, it takes us straight to the "Request Access" screen, which is a bummer
I got into options cause of Adam I have ....100% leaps in my portofolio cause of Adam......am now a millionaire because of.....Adam..../thanks Adam ❤️❤️❤️❤️❤️leaps is the way💪💪💪💪💪🙌🙌🙌wish I found out sooner 🤦♂️🤦♂️🤦♂️🤦♂️
W•H•A•T•S•A•P•P• +1 =8=1=5=2=4=2=5=0=8=7= To E•A•R•N H•U•G•E• P•R•O•F•S F•R•O•M• C•R•Y•P•T•O•C•U•R•R•E•N•C•Y T•R•A•D•El
If you have a covered call, would you also roll once you got 50%?
@@scottreesetradinginvesting7936 sounds good, i was thinking about getting a leap option then selling a call against it to reduce the cost basis.
Well, luckily I'm better at excel than I am predicting stock moves. So that wasn't me that requested access!! I did however, buy a MSFT call around the same time as you, only to watch it plummet OTM a few hours later. 🙄 Thanks as always for the video, and in this case impeccable timing!
Thanks for your wonderful comment and ratings,I really appreciate ♥️..
I'll advise you to invest in crypto like I do& make good profits as it's currently the most profitable Investment now I will commend you to my Director Chris Rogers he's gonna help you make huge returns in crypto and lots more..
W/H/A/S/A/P/P/
+/1/9/4/9/9/8/9/7/3/2/3/
Hey, Adam the google sheet that is linked in the description for the wheel strategy is missing the "# of shares assigned:", anyway we can get an updated version? I was assigned 600 shares of a stock and it told me to sell calls way above what my break-even really would be. I figured that I just divide by how many hundreds I have, so for instance, on owning 600 shares, if the algorithm tells me to sell calls above 59.54, I'd divide by six and actually have to sell calls above 9.92. I really appreciate it.
Adam, you recommend about 10% of your portfolio in LEAPS? What percentage would you recommend for the wheel?
Adam, love your videos...but...I'm not sure you are correct in the way you recorded your rolled position in your wheel spreadsheet. I'm using your spreadsheet (thank you for that) and the way that seemed correct to me was to add the credit value when the CSP is sold, then when rolled, add that same value to the debit side and close that CSP. Then add the rolled CSP and its new credit value to the credit side and mark it as open. This still doesn't seem correct though as the current "unrealized" credit value is no doubt different than the original credit value the CSP was sold for. Since the whole objective is an accurate cost basis if assigned the stock, this has to be nailed down. It seems to me you have to know exactly what the buy to close debit was and the sell to open credit amount to keep the spreadsheet accuracy valid. If it isn't too far into the weeds maybe this would be a good video topic?
"Guess what - I lie"
im dying haha
“To protect my grandmas innocence!” Priceless
Love the Thumb Nail!!!
Do you roll covered call around 50% too?
Great video! Very insightful, thanks!