How Much Money To Retire Option Trading
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- เผยแพร่เมื่อ 17 ก.ย. 2024
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𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
Second time watching your video, good stuff. I'm a dividend investor aiming for slow and steady growth. Currently 39 with a 600k portfolio, my plan is to retire at 50 with 2m. Recently, I switched to dividend stocks with my fiduciary, opting for fractional shares. I used to prioritise dividends for passive income, but with slow growth. Now, I'm taking a chance on high-growth stocks, and already saw a 120% increase since last year. Hoping to hit a million sooner.
My fiduciary is “Valerie Ellen Cirbo” You can easily look her up. She has years of financial market experience and she is also FINRA & SEC verifiable
High growth is gambling, I work with a guy who brags when he makes $20k gains every month, 6 months into the year, I asked how he was doing because I was jealous, he told me he was $40k DOWN for the year.
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
*@mellon-wrigley3* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
The decision on when to pick an Adviser is a very personal one. I take guidance from “Gertrude Margaret Quinto” to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
We all know, these days, the stock market seems like the center of attention, and it's a place where fortunes can be made or lost.
Always be cautious and well informed before making any move.
I agree, Investing in the stock market can be a bit like navigating a maze. Without the right aid, it's easy to stumble into pitfalls.
l've heard stories of people who made some unfortunate investment decisions, I have a friend who actually lost a significant amount of money recently because he was all about the trends
Al stocks will dominate 2024. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other Al companies. I have made more than 200% ROI from NVIDIA with the help of my advisor. I agree the stock would go higher in the next couple of days.
High-yield dividend stocks come immediately to mind as they offer steady passive income streams at inflation-beating levels, for a certain return should these crazy markets turn south.
Those high yields don't mean the equivalent amount in dollars will be disbursed, I will advice seeking counsel from a local broker, I myself work with a fiduciary who is a fixed-income specialist and multi market strategist in New York
One of your best videos, yet. I like this, less of the rehashed, recycled content.
Thanks uncle Henry ! Your the reason I got into options a few years back been a game changer ever since so thank you so much!
You can Uncle Henry speaks from the heart.
God bless this man.
Currently a resident doctor and found your channel on my second year of medical school. It changed the way I looked at investing.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Michelle Stewart
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
What impresses me most about Michelle Stewart is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Isn't that the same Mrs Michelle Stewart that my neighbours are talking about, she has to be a perfect expert for people to talk about her so well
I'm new at this, please how can I reach her?
I just started options trading recently and your videos have been very helpful for me. Over my first 3 weeks I’ve been averaging a 2.5% return each week and planning to scale it upwards.
What have you been trading?
2.5%/week how is that even possible?
@@evruns I have been trading MPW since it has stabilized and I think it will either continue as is or go up. I make about $0.06 to $0.08 per cash secured put at $3
@@tjlewis8098 With a small account on cheap but slightly risky stocks
You've been such an inspirational options trading coach. I have been following you for few years and you've always stated you are very supportive of small accounts but in this video you stated you prefer working with big accounts. Are you no longer supporting small accounts? Most people don't have 25k and i just thought that statement might be discouraging to small accounts.
Thanks.
I love your videos, your honesty, transparency. So grateful for all of your teachings 🙏🏽
I find your trading account thresholds for different lifestyles very interesting. Great video and very informative! Thanks
Thank you for being honest and realistic about the results, that's refreshing to hear. Great channel, just subscribed!
Thanks for the sub!
You're from Philly? I'm from So. Jersey. Don't you miss cheesesteaks and hoagies? I do.
Retired to Arizona, and started trading small to recoup $$ spent on house repairs. Made 18% on my collateral last year. Uneasy with using more than 1/3 of my cash to trade, in case of a black swan event.
Appreciate you sharing your success and teachings.
Sometimes I do miss a cheese steak
I really like how you present the cases. You are genuine and sincere for the benefit of the people.
Nice 👌
its really not as difficult to make money.. you just need money.. thats it.. lol.... open a high liquidity position and just run the wheel.. when that position is going against you (as market is dropping). leave that position alone.. open a new position.... just keep doing this and eventually your first position will recover, and you get out.. keep rinsing and repeating.. this is why the rich keeps getting richer and the poor will stay poor.
it's literally pay to win. If you have 1 million dollars and you have a 1% return for the week, that's $10,000. Meanwhile, if you only have $10,000, that 1% return is only $10.
So either you deposit aggressively to grow your account and pick a strategy that gives you a steady income, or stick with your smaller account and make really risky bets until you reach your threshold where you're making less risky bets, and more on wealth preservation while still making great returns.
One of your best videos yet, thanks for the insights.
Just found your channel. Love it man. I hope to learn alot from you.
It surprises me that people make much money selling calls or puts. Whenever I look at options chains and think about how high the calls have to be so I'm pretty sure they won't get exercised or how low the puts have to be so they don't get exercised, it's not much money at all.
it really helps if you have a big account, because if you have a small account, you'll most likely have a hard time to own a 100 shares of a blue chip stock. And if you do own one, you're not really making much when you sell a contract that is further OTM to guarantee they won't get exercised.
One of your best videos yet Henry thank you.
My God!! thanks. How Much Should You Have For Retirement? you explained it so clearly and with details ! !! Really amazing video with so much information!! Thanks for the tutorial!!
Glad it was helpful!
The problem I'm having is my covered call stocks like NIO and AMC keep dropping in share price. I'm making premiums, but I'm down thousands. I am being patient because I believe they will go back up, and they did a little today.
NIO and AMC are very bad stocks. In order to be successful you need good quality stocks with great earnings and guidance. NIO and AMC have huge problems and are only good for buying puts. Some great stocks are META, NVDA, CRWD, ELF, WING, and PLTR. Doing the research before you invest is critical.
Waiting for a very bad stock to go up is a classic error to avoid. Learn to only buy great stocks and get out of bad stocks quickly. If the market is going up and your stock is going down you have a serious problem.
This happened to me on TSLA
I am watching your videos, and they are very interesting. Please send me more information about your classes. There is something you don't mention: for safety reasons, you should never use 100% of your capital in option sales. That means if you have 150K, you should really use 100K, and 5% per month, which is a lot, would be 5K.
Well explained. Thank you for bringing up this video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject ..... Thanks to Joyce Wooldridge the lady you recommended.....
That's awesome!!! I know nothing about investment and I'm Keen on getting started. What are the strategies?
I squeeze between $7k to $10K a month with $300K of collateral and another $400k invested in stocks and $700k in a 401k, no mortgage, total yearly expenses $30k. I'm 57, former engineer...
Great video, thanks for the insights. I am in a similar situation like the first scenario but I cannot imagine making an 8% monthly return on my money with selling puts. I mean, at times there is high volatility in certain stocks but so far that always turned out to be a bad move. I average at around 3-4% with selling puts. Can you share a few more examples on how to get these returns?
What will you do with the NVDA sell put option on Sep 20? Should I buy to close it?
its not easy to make 3% a month in fact over the long run it is impossible. Bernie Madoff promised less than 1% a month and investors flocked to him later they found out he was not able to make 1% a month. Very rare so do not get too exited about these types of videos and try to buy puts when volitility is low as it is now.
Henry forgive the dumb question
When you say 25000 and he makes 2000 a month is he putting up the whole 25000?
For example when you said in a prior video you had a 50 percent growth on one million was that entire one million in play with options.
The 25k is held as collateral.. if things go against you then you have to add money to maintain 25k
Curious about this as well. Always wonder if people are leaving a certain percentage open in cash.
Unless they’re leveraging margin to increase buying power.
Hello Henry, watching from Delaware. I'm doing the wheel strategy but what about stocks that I am bag holding?
What techniques could be used besides averaging down. Thanks!
Looking big Henry!
Homie got that financial freedom time to workout!
Thanks
This past couple months I have been opening trades with 0.5 to 1% per month running the wheel starting with puts on wmt, AMZN, GOOGL, and AAPL. 30-60 DTE at around 0.2 delta. I close the positions when im at around 90% profitable.
How many days are these contracts open for on average?
Great videos Henry.
Curious, Magnificent Seven PE’s are high. US debt is high. 2/3’s S&P had a down month. Any advice if the economy tanks like 2008 while I’m over here with my $300K putting and calling?
So if you start with $30 000, which stock would sell covered calls on? Because the index funds like SPY and QQQ would be too expensive...
He’s probably focusing more on selling puts and spreads.
I think I’ve also seen people use leveraged ETFs because of the lower stock price like TQQQ or TNA.
AMD, PLTR, MRVL. Technicals tell you when to sell calls or sell puts. Start small and keep learning.
@Invest with Henry , great content on how to approach retirement, the link above doesn't work, but want to reach out to discuss further.
It works now
I’ve recently started selling options and I just don’t see how you can get 5% a month. If you target a .30 delta, you’re looking at 1-2% return if you’re lucky and that’s on good stocks and if the price action is in your favor
Trade stocks with higher IV, usually higher beta stocks. Enphase strangles are currently paying me 5%.
I like what you say regarding life philosophy and being frugal and focusing on experiences not materialism, etc. HOWEVER, what you keep alluding to in your videos is that it should be straightforward and "easy" (30 minutes a week) to make 3%/month on your money, which comes to 42.5%/year. That falls into the too-good-to-be-true category for sure.
If it was that simple to earn 42.5%/year, you'd see many more people achieving those returns, and we know that is not happening. Are you cherry-picking certain "clients" stories out of a range of returns? It comes across in your video like 1-3%/month should be easy, even at 1% that's still 12.7%/year which many people would be very happy with if it only took 30 minutes/week of trading.
I like that you're not promising a life of luxury and super get rich quick, but the numbers you're putting out are still well out of range from what is simple to achieve.
I’m in his discord and I can say I have made 2% monthly for the past 6 months and that’s me going for conservative plays I will say 1-4% is reasonable but I have only been able to consistently make 2 so still not bad it’s legit you gotta remember most people myself included don’t learn about options or are told they are too risky but you choose the risk his coarse helped me learn a ton I can say that for sure!
What Henry says is true, when choosing the right stocks you can easily gain about 5% per month. Its hard for you to see because you haven't followed his option strategies.
@@Da_manndommind if I ask a couple questions?
1. Are you using margin to increase your buying power for collateral?
2. What’s the average DTE for the contracts you’re writing?
3. Are you closing out early after a certain percentage or mostly holding til expiration?
@@rogersol.youtube 1. No margin for me just 37k.
2. It depends but average is 10-30 days
3. Normally 80-90% depending on how long I have until option expiration or 70% if it’s a really volatile stock but I only do those with a very small amount of my portfolio!
@@Da_manndom that might be true for some individual traders, but the professionals and larger traders aren't scared off by options. They would love to get an "easy" 13%+. If you're getting 2% that's 27% compounded annually - which the major players would love, especially if it only takes 30 minutes/week.
I'm very interested in this strategy, but either these returns are cherry-picked to report the best, or there is some large downside risk that isn't being mentioned.
3% a no no a lot?
I think it's huge.
I only do csp and cc
What strategies do u use to get that return?
Is the 3% on money at risk w margin or the account value?
So am I hearing correctly that you no longer work with people who have small accounts? Or is that specifically if they want to work with you one on one versus joining your program and having a small account? Hope that makes sense.
I’m just wondering That’s crazy why you don’t use your own strategy on your self and retire at your 40s
I’ve been retired lol I just travel around as I wish
I’m worth many millions and I said I’m not working for money
Hi Henry , do you help people based in the UK ?
Thanks
Both the given links are not working. Is it just for me?
They work now
150k to a million? No way...
Not unless he opens up naked leap options on an aggressive growth stock like Palantir. Risky....
What do you mean by spreads. A beginner here
Another awesome video from Uncle Henry. I love how you give your talents to help others. I've watched all your videos, many of them 2-3 times because options were brand-new for me. I'm applying your techniques with very good results and learning a lot as I go. At some point when I have time I will sign-up for some coaching. Simple question if you have time, If my 2-week covered call is going for me but I want to lower my strike price to gain additional premium for the same expiration date, does my new premium replace my first premium that I received or is it additional premium for me? Thanks!
What you mean going for me
Let me try again :) Any time that I do a Roll to a different strike price for a credit, am I receiving additional premium or is this transaction replacing my previous premium? Do I get to keep both premiums?
The video is misleading, the strategies are "long" the market and you make no reference to the inevitable drawdowns that 100% occur.
Seems crazy that your first client is making around a 10% return (2k from 25k) monthly just selling options, unless he's using some stocks with crazy IV and therefore high risk. Without some proof, I'm a little skeptical.
Jim has pull backs bc he listens to you.
I agree with making 3% per month consistently. That is very real at acceptable risk. That is +35% anualised realised P/L. Last year I have done 34.7% and this year to date is +10.4% (more like 62% anualised) so I am ahead this year but some moths are less good so 30% is good. 8% is aggressive, very aggressive as that is doubling your money each each. You can do it if you have income and spare money that can drastically lower breakeven of unrealised losses. Untill you hit capital level where you no longer can use your salary income left over to rescue mission high risk unrealised losses.
Hello Henry, I went to your web site and FB to find out about cost of your services. Would you please provide some details or links please?
Don’t watch this guy. He has bots in his comments and I’ve tried multiple of his strategies. I also checked the ones up to date and they are just republished videos. But I’m telling you I started with 50$ on Robinhood and I watched some videos explaining options and then for strategies I watched a guy called tech conversations. It honestly was working out. Some of his videos might not be working but most do. He also uploads up to date unlike the scammer with bots.
If i was able to make 20k a month i would reinvest half of my gains per month and keep half for bills.. which i think is great... helping people is a great feeling.. i try to do the same
What are you saying ?
Every month he is making 10 perc return .
Even if you give 200 perc , still he will end up with 75k . Please explain your maths and if I missed out on anything.
Secondly , with Jim having 300k and making 9k a month , are you not going to account for uncle Sam's money ?
Also let Tony know I can make him 7-10 % a month .
How much is the program?
Great video as always 👌
The link is not working
How do I get In touch
Would you please post your link on the comments as I’m getting a strange message when I click on your link
Define retire! Stay there. Your money is worth more.
Why the 25k are you using margin?
lmfao 25k not that much. 5k a month not that much. i'm sitting here like........ uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh......................................... I can't even get my portfolio ABOVE 4K........... LIKE JEESH........!!
Links in the description are not working
Henry - your security certificates appear to be broken on your site
It is now
New to channel, would love to be a student. And follow the progress Can you make me a student
Hey mate, how do I contact with you?
uncle@investwithhenry.com or the first link in description
I have 25k to invest, could you help me build that to 3k a month? Thanks
lolz
The link to the coaching website is not working.
It works now
So how much do you need?
Listen to the 3 scenarios
So you only like students who was blessed into money with clearly no understanding of how to make it since they never had to. Its making sense now. Need money to make money, you can get 5% just by sitting money almost anywhere now. So 10% would be the start no? If you have over 100k and can't multiply it, well now I see why you're so rich lol. Great plan Henry.
If you not happy with 5% monthly you are too broke or uneducated to understand how good that is.
😂😂😂 5% per month !not annual. If you want to wait 12 years to make what Henry makes in a year having money in bank earning 5% annual (0.42% month) go for it.
Website seems to be down.
It’s back up
Selling options isn’t great right now. Vix is too low.
That’s what you want, if the vix is high you can sell options way out of the money and price can still come up and go above your strike and now you lost a ton of money
300,000
Yes good amount thanks for watching
10:33 - будь здоров! правда! 😂
Da
Buy 10,000 shares of SoFi stock and never trade again after
Naaaa.. thats chump change.. I have 165500 shares.. adding more.. sell covered calls make 15k+ a week u can pay ur self 1500 a week and reinvest the rest
@@entertainmentinternational1087holy crap bro, actually? I've never actually seen normal people have that many shares if anything lol
@@entertainmentinternational1087you have about a million dollars in SoFi? lol
@@Lathom_Yt this 1 guy in discord have 1M worth of TSLA.. he has 5200 tesla shares.. last year he made over 300K selling and collecting premiums.
what strike price and how far out?
I keep playing this over and over. This is exactly what I am working on getting to. I just started in January after watching a million youtube videos and finally understood what I need to do, now I just need to scale it for the size of my portfolio to get the kind of results Henry's talking about here, which is my short term goal. Make enough to exit my W2 without spending hours watching trades and charts. How much is it going to cost me to develop a systematic, repeatable, consistent, scalable, premium farming process Henry?
Wow Henry bro this video resinates deeply with me.. wow you are like my reflection as we share the same desires, struggles and thoughts this is crazy
Wonderful