subtitles added: If Tesla stock move sideways and down, this is investment strategy will make you a lot of money. Link mentioned: Certainty - • be comfortable with un...
Wow...I just turned around and your channel has jumped by leaps since I last took notice. Congratulations, sir! And thank you for your time and good energy!
I watched so many videos on selling puts and never understood what the fuck was going on. This is by far the best explanation I’ve seen on TH-cam. Thanks man
I was thinking of options and couldn't find a video that explained to me in a way I could understand, until now. Thanks for the explanation on selling puts; hopefully there will be more videos on the different options in the future!
Hello, CG !! I'm certain you already know. But, let me say that this channel is viewed and adored all over the world, and viewing the CG videos is (VERY MUCH) 'time well spent'. Big THANKS, from Chicago, USA !
You could leverage margins. But should be ready to liquidate other stocks or have enough money in case a margin call happens upon Tesla dropping precipitously. People should learn well the margin requirements and how maintenance excess is calculated for their accounts before using margin. It is risky
True... the full risk of options is WAY bigger than with stocks & you REALLY need to be aware of what risks you are taking. It "could" be a bankruptcy kind of loss, if you mess it up real bad. As in, buying stocks can only go to 0$ worst case, if the company goes bankrupt... options can go MINUS 10.000$, or (much) more, if you are a complete donkey. ^^ Think twice & be prepared (there can be a lot of upside potential, a lot of downside risk)
@@DennisRay99 that’s for 1 option contract. Each contract is for 100 shares. Hence the capital required to cover the put contract upon assignment. Know exactly what you are selling
I was pretty interested after I saw ur tweet about ur option put but I didnt think you would make a video about it! Thank you, it definitely helped me understand better! :)
Thank you so much CGS. This echoes with your vid months back but with strategy in more details. Action time! So keen to meet n attend yr class one day. Thank you.
Elon is someone to aspire to, According to analyst, the higher stock price is somewhat self-fulfilling to (Tesla's) growth potential and that was made possible by Tesla's investments in the stock market, I’m right behind him on the “ROAD TO TRILLION" I’m happy to buy Tesla stocks but not the car. I’ll let some else do that.
Lol thank you so much Ken. 🙏🏼I feel like you did this because of my request on Twitter and the thread that followed lol. Thank you so so soooooo much. You do so much out of the goodness of your heart. God will bless you far more than you can ever imagine. Thank you brother. 🙏🏼
The thing about covered calls is, although the stock can shoot up past your strike, you just roll the weekly into the next week at a higher strike. During that time, the IV will be really high and your contract for the following week will cancel out the loss of surging past your previous strike. In this case, I’m happy either way because my shares would have gone up quite a bit!! I think your strategy works well in conjunction with selling weekly OTM covered calls. Selling close to expiration is very satisfying to watch theta decay crush the contracts! Appreciate you my man. Hope your tesla comes in soon!
Thanks for the video! I came across your earlier video on selling tsla puts to get entry to the stock. have pocketed much premium but did not manage to get assigned due to the tsla run up! This experience however triggered me to study option strategies more in depth as i realise how it can be a viable income stream! Thanks!
Added more to my position at $790. As an actuarial professional who studies advanced options as part of our studies, you explained very well. Can you do another chart analysis of Tesla?
I use covered calls but go out far enough on the strike price to earn 1% a week. Weekly options. Tesla does not move like it used to. Maybe max 28-35 dollars at a time. One percent a week is 52% plus the rise in the stock. Win win
Hey I had a call for March 19 2021 Too! I remember when I first saw your “how to buy TSLA cheaper” video and I thought why is nobody else talking about this? It’s genius!!
Just when I was literally thinking about selling puts to eke out some premiums and to buy a stock anyway if I like it at a certain valuation! Very opportune video 😬
You can do this with ACTC and IPOE, the implied volatility of those stocks give it a higher premium than Tesla with much lower capital needed in order to not need to buy on margin.
chicken, can you make more beginner's tutorial for options? i kinda get the concept, but its so confusing how it works on the platform. im not sure if you made this video in the past, but thats just a video idea for you. thanks bro.
Thank you Chicken Genius! Makes me wanna smash that LIKE button to the moon! Me and the other investors were just talking about options and you just delivered it in less than 10mins.
Damn man. I've been using this for like 15 months to make millions of Tesla stock so I could buy more Tesla stock. You are giving away all the good secrets :). I usually sell a few different strikes just out of the money and move them out and down or back and up depending on market price action to maximise profits. Don't want to be picking up pennies in front of bulldozers that's for sure. I usually sell weeklies though with 7 to 14 days till expiry to maximise time decay. Works out. better than the monthlies I've found.
@@ChickenGeniusSingapore very enlightening, thank you. When I research and watch other instructionals they make out like if the price goes down and you have to buy the shares then you've lost. But you own the asset right, so like you say if you are generally bullish and it's not a GME in terms of volatility then it's not a loss. If you could talk a bit about how you may liquidate those shares you own within the platform I'd be grateful.
Ken this was amazing!!! I’ve just been getting into options recently the last 2 months and been looking at TH-cam video after TH-cam video and you are by far the best and easiest teacher to understand. If you ever make a course or anything I will happily pay for it! But if you would like I’m sure a lot of other people would love if you made some videos on the strategies the Greeks and what to look for in them for a preferable contract. Thanks so much again!!
Hi, great video as always! Love selling options for some cash flow. I see that your briefly mentioned that those who sell puts will possibly have to set aside ~80k in case they get assigned and have to purchase the stocks. just my opinion but i feel like this risk should have been highlighted more considering how you are advocating selling ATM puts, which kinda means that the odds of assigning are higher than selling OTM puts. I dont think many people have margin of 80k, much less actual cash. Most of them would actually run the risk of getting margin called if they aren’t aware of this point. Just my 2 cents! Risk management is important! Thanks for the video!
Man, great video! You've really blossomed into such a personality here on TH-cam, and your content is so packed with value...can't believe it's free ;). Thank you CGS!
Hi Chicken, this method sounds very useful, however, like many of your viewers I don't have $80k to buy 100 tesla stocks (and if I did i would have probably already spent it on tesla stock already!) Could you go into some stocks you think are good for this method for the viewers who have more like $10K spare in cash? (Of course these stocks wouldn't compare to tesla 😉) Thanks!
WOW.... Ken, I have been waiting this video for soo~~ long, finally, you are introducing Options to your buddies!! I started learning it last month from the internet and bought my first "Sell - Puts" last week. I bought the options expired within the week, and rewarded with $4 (4x100=$400) by last Friday. I am very excited you are going to share your ideas and experience on this on your twitter. HOORAY, Can't wat!! Love, you man!!
I was scared last year when I took the leap of faith after watching the first of Ken’s videos. I’ve realized that if you’re not scared, you’re not taking any risks and if you’re not taking any risks, you’re not going to become wealthy. Just remember, when the $hit hits the fan, and it will, HODL(hold on for dear life) and keep buying(dollar cost averaging) because you are an investor, not a trader. Follow those words TO THE LETTER and in the long run you will be richly rewarded.
Yah. Same! So proud of you chicken genius! Anyway - your new Tesla with FSD, can it be just activated like that, ie even without govt allowing it, does FSD work since they won’t be able to know if you are in the driver seat right?
I have graduated to selling covered calls, and I have looked at it differently bc of you! Someone paying you to buy stock at a higher price or someone paying you to buy stock at a lower price. It’s like hacking the stock market.
Okay so: 1 option (contract) = 100 shares Very simplified -> an option (contract) is basically that you pay a fee to make another person buy 100 shares (1 option) for you, at a certain price (called strike price) for a certain time period (Anywhere from 1 day to 3 years) At the end of the time period (or at any time in between) you have the OPTION to buy the 100 share at the certain price (strike price) you agreed. You make profit if the stock goes up above your fee cost, and if the stock drops you have the OPTION to dismiss the contract, so the lender takes the loss instead of you. Very simplified example tesla at $816 price (strike price): You pay $6000 in fees to make chicken buy 100 shares ($816 * 100 = $81.600 start value) and the time period is 30 days. 25 days later the stock price is at $900 (100 shares value = $90.000 (new) - 81.600 (start) = $8.400 - $6000 fees = $2400 profit) You decide to "use" your rights to buy the 100 shares and sell them immediately after, so that you can take the $2400 profit instead. In this case you made (8400 / 6000) * 100% = 1,4 = 40% profit and chicken made $6000 with no losses. Win / Win I really tried to dumb it down as much as possible, hope it makes a bit more sense ^^
I actually agree, there is nobody on TH-cam that explains options in a video is a simple, understandable way. I would know, my main job is investing & I practically live here on TH-cam with TH-camrs focused on investing info. :D
It's probably less to do with the TH-cam teacher and more to do with how you're absorbing the information. Repeat what the source says several times and write it down. Then try to say it differently so that you can wrap your head around it. The more time you take to understand, the more it'll sink in.
there is always leverage. However I wouldn't recommend it as a beginner. IF the position goes against you, most people can't handle it mentally. You could just save up or MAX MAX... instead of $80K set aside, maybe $50K set aside as I believe Tesla won't drop below $500. It's almost impossible
@@ChickenGeniusSingapore another option is to pick a stock with a lower valuation. One of chickens favorites, Lemonade, is a perfect candidate for this. It has higher IV than Tesla too (95% last i checked), which means even bigger premiums. At a valuation of around 160$ you'd only need 16k to get started selling puts.
If your accounts is more than 100k, there is portfolio margin available where your shares act as collateral instead of cash. This way you still can collect cash flows while the market go sideways.
Chicken Genius, thanks for sharing your knowledge and bringing tremendous value to your subscribers. I’m going to continue sharing your videos to all my donkey friends!
Thank you for this! Really helped clear up wether I should sell covered calls or puts. If the put is exercised, wouldn’t it be a good idea to sell the call right after at a price that would break even? That way if it doesn’t reach that price you still collect premium. Thanks again!
@@ChickenGeniusSingapore haha. Can't. Some of us like me need to replay the video 10 times to understand. Thank you very much. Great lesson. Just donno where to find 80k
Dr. Chicken ;) I hope you're doing well. This might be one of the MOST important videos EVER for your fans - to gain financial improvement/freedom. Just amazing.
This was the exact scenario my friend and I was imagining about when trying to learn options last weekend for sell put. This is helpful! Thank you chicken genius 😊
@@ChickenGeniusSingapore with American options they can get exercised before expiration? what if the stock drops below strike price this week even by just a little the option holder could sell you the shares at the agreed strike price t any time right? The risk to have to buy is extremely high?
I think you forgot to mention in your video that you need to have the capital (i.e. $790 x 100 = $79,000) before someone should enter such a contract. Else, the person will be selling a naked put and be exposed to great loss if the stock price really tank downwards. I'm just mentioning this because many people might be gleaming with greed knowing there could be an average 7% roi every month (especially those who just started). Please don't ever sell a naked put. Cheers
@@peppamill9017 yup, in his contract where he sold the put at strike price $790, if the price falls below $790 upon expiry, the seller will be obligated to buy the shares (100 in 1 contract) upon expiration. That would mean that the seller needs to have $79,000 ready to buy the shares. However, since he has received the premium of $6,200 when he first entered the contract, his actual cost of owning the shares will be $72,800. People sell puts when they are bullish in a stock. Hope this helps
@@Daniel-wz6im If I sell a put and the price of the stock stays above the strike price, do i just keep the premium payed by the other party or do they buy the shares of me at the price they are at? In that case I would need to own 100 shares?
Yes saw your post in twitter. Thx for the sharing on options and I know it can be a powerful tool. Keep up your good sharing. I'd like to learn soon. Today no market so boring like something big is missing.
I have been selling puts on TSLA for a while now. Mostly out of the money options. People need to be careful of the tail risk if they are selling at the money/near the money because its much more likely you will get assigned the shares and need to have $79,000 in cash to purchase. Most premium sellers don't like getting assigned and hence you should roll down and out. Should not enter this trade until you are familiar with these mechanics.
I understand your love for Tesla. However, can you do a series for those of us who can not afford TSLA? Can you throw a few little affordable bones out here? 😂
What a great video chicken. I am completely new to options but this is something I would like to learn little by little. You are my mentor and I am very grateful for it. Thank you so much and many blessings my dear Ken.
Sold my 200 TSLA shares @ 854 and went all-in on GME. Took my gains from GME and now I have 700 TSLA shares @ 845 average :D Looking forward to learning how to use options to generate cash flow.
Another great, informative video. Thank you. Your options approach sound interesting. Are there any resources you created? Lectures on YT, e-book or something of that nature? Thank you for your work, BTW.
I call these patient puts. You basically get paid for waiting hahaha but how can we do this with less capital employment? I mean not many of us got the 83k sitting on the sideline to trade 1 contract ://
Great one Chicken! I have been selling put, but never use strike price that high, now I learned it is indeed a great strategy. More option trading strategy please :). That is very helpful.
"remember to set aside 81k" HAHA chicken genius pls emphasise this next time :) I love your videos but this was the main thought in my head like why would I have 81k cash lying around?
Yes especially when his reasoning for not selling covered calls is because of the stock shoots up, you miss out on some gains. But if the stock goes up at all with covered puts, you definitely miss out on every penny of gains! I'd rather do diagonal spreads and make 2-4% a week
You get paid (collecting the premium) while waiting for the stock to drop to a price you are willing to buy 100 shares at. Now, having 81k sitting around makes more sense?
@@thomwho4962 no, because a cash secured put requires the price of the put to be held through expiration. That means you need an extra $81k to sell an $810 put.
don't understand a single word but its ok. my life savings r all in tesla since june last year thanks 2 u. keep posting! u r the only person my family listen to. too many scammers and donkeys online that i decidedly become a premium youtube subscriber just to block them out while i watch u in peace!
I gotta watch this again when I'm not high.
I do it the other way around
That made me lol
Dude...I just said the same thing while I was watching this. I need to watch again, your comment is gold.
@@w0rkaholic sober gang 4 lyfe
Same here. I don’t know why TH-cam sent me this, but I think this guy is brilliant. I am f***ing high as kite right now.
I need a full options lesson from Uncle Chicken please!!!!!!
it's days bro
@@ChickenGeniusSingapore Seconed Chicken. I would love to learn this. Thank you for spreading your knowledge.
@@ChickenGeniusSingapore i want to pay/sign up for full course on this! do you conduct any?
+1
+++++10000
Every single video - so jam-packed full of insights, an options masterclass packed into 9 minutes, thanks Chicken Genius 👏
Glad you enjoyed it!
Wow...I just turned around and your channel has jumped by leaps since I last took notice. Congratulations, sir! And thank you for your time and good energy!
I watched so many videos on selling puts and never understood what the fuck was going on. This is by far the best explanation I’ve seen on TH-cam. Thanks man
Omg I've never been this early. Chicken, you changed my life man. Thank you! £45k of TSLA bought over the last 2 weeks :)
Legend! let's grow wealth together
I was thinking of options and couldn't find a video that explained to me in a way I could understand, until now.
Thanks for the explanation on selling puts; hopefully there will be more videos on the different options in the future!
Thank you, I do learning something new today. Not understand about option but will keep re-watch your video again & again.
Hello, CG !! I'm certain you already know. But, let me say that this channel is viewed and adored all over the world, and viewing the CG videos is (VERY MUCH) 'time well spent'. Big THANKS, from Chicago, USA !
Wow, thank you! ❤️❤️❤️❤️
Can confirm this wise man's words :D
There is nobody here with a heart more pure.
For those of you who may not understand what's going on:
Don't sell PUTs, unless you have the ~80k to back those up.
yes
You could leverage margins. But should be ready to liquidate other stocks or have enough money in case a margin call happens upon Tesla dropping precipitously. People should learn well the margin requirements and how maintenance excess is calculated for their accounts before using margin. It is risky
True... the full risk of options is WAY bigger than with stocks & you REALLY need to be aware of what risks you are taking.
It "could" be a bankruptcy kind of loss, if you mess it up real bad.
As in, buying stocks can only go to 0$ worst case, if the company goes bankrupt... options can go MINUS 10.000$, or (much) more, if you are a complete donkey. ^^
Think twice & be prepared (there can be a lot of upside potential, a lot of downside risk)
I have the 80 no problems. So it's ok to sell puts?
@@DennisRay99 that’s for 1 option contract. Each contract is for 100 shares. Hence the capital required to cover the put contract upon assignment. Know exactly what you are selling
I was pretty interested after I saw ur tweet about ur option put but I didnt think you would make a video about it! Thank you, it definitely helped me understand better! :)
Thank you so much CGS. This echoes with your vid months back but with strategy in more details. Action time! So keen to meet n attend yr class one day. Thank you.
Elon is someone to aspire to, According to analyst, the higher stock price is somewhat self-fulfilling to (Tesla's) growth potential and that was made possible by Tesla's investments in the stock market, I’m right behind him on the “ROAD TO TRILLION" I’m happy to buy Tesla stocks but not the car. I’ll let some else do that.
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W@TS *APP..
Would love a basic options class. Thanks for helping us out!
Woo! You saw my tweet! Thanks man! Looking forward to hear more in the future,
Lol thank you so much Ken. 🙏🏼I feel like you did this because of my request on Twitter and the thread that followed lol. Thank you so so soooooo much. You do so much out of the goodness of your heart. God will bless you far more than you can ever imagine. Thank you brother. 🙏🏼
Always appreciate your sharing🙏🏻
The thing about covered calls is, although the stock can shoot up past your strike, you just roll the weekly into the next week at a higher strike. During that time, the IV will be really high and your contract for the following week will cancel out the loss of surging past your previous strike. In this case, I’m happy either way because my shares would have gone up quite a bit!! I think your strategy works well in conjunction with selling weekly OTM covered calls. Selling close to expiration is very satisfying to watch theta decay crush the contracts! Appreciate you my man. Hope your tesla comes in soon!
Looking forward to moreeee options teachings from you! Thanks Ken 👍👍👍👍👍 sometimes i wish i can give u more than 1 thumbs up on your videos!
Thanks for the video! I came across your earlier video on selling tsla puts to get entry to the stock. have pocketed much premium but did not manage to get assigned due to the tsla run up! This experience however triggered me to study option strategies more in depth as i realise how it can be a viable income stream! Thanks!
Added more to my position at $790. As an actuarial professional who studies advanced options as part of our studies, you explained very well. Can you do another chart analysis of Tesla?
niceeeee. $800 is good support
I use covered calls but go out far enough on the strike price to earn 1% a week. Weekly options. Tesla does not move like it used to. Maybe max 28-35 dollars at a time. One percent a week is 52% plus the rise in the stock. Win win
Any donkey can make a subject complicated. You know you’re an expert is when you make it simple to understand.
Thank you for the golden nugget 👏
I would love a deep dive options serie !
Thanks for sharing, very valuable as always.
Always wanted to learn what options is about. Glad that you have made this video to help us beginners learn new knowledge!
Glad it was helpful!
Please please hold a seminar when Covid clears!! You have changed a lot of people's life. A lot of people want to see you in person with your Tesla 😁😁
This is a great idea! Please consider doing it!!
Obviously, I'm all for it, I can at least hope that it will also be watchable as an online thing (travelling might be too expensive atm for me) ^^
Hey I had a call for March 19 2021 Too!
I remember when I first saw your “how to buy TSLA cheaper” video and I thought why is nobody else talking about this? It’s genius!!
Thanks as always MR KEN!!!!
Love your video!
Just when I was literally thinking about selling puts to eke out some premiums and to buy a stock anyway if I like it at a certain valuation! Very opportune video 😬
By about the 10th time I hear this ill understand it!🙃🤙🏾!
Took me exactly 10 times too lol
Bro....same...though I am well passed 10 times lol
@@tkf6449 be)y
Same here🤑👍🤙
🤣🤣🤣 We're all in this together🤣🤣 #chickengang. I will do this The Moment I understand it! 🤣🤣🤣 ill post here when I buy me first option 🤪😃 #ugotthis
I’ve been waiting for you to make this video for a while now!🙌🏽
Thanks a lot Ken! This is great Ken! Please do more videos/lessons on teaching Options!
Been following you for about 1.5 years now! You’re my Guru!!!
don't know anything about options before, your comparison with insurance make a lot of sense! btw 100 tesla stocks cost A LOT for me🤣
Win TI bro. Then can buy even more Tesla 🤣
Don't overdo it, bro. I don't have that much either, sadly.
You can use the same strategies for other stocks you don't mind having though
you sound like rich man 😆
I foresee in a few years, it's gonna be cheap for you 😎
what platform does he use that allows options though?
@@ChickenGeniusSingapore OMG I got the great prophecy from the one for all Chicken himself, in few years let's GOOOOO
You can do this with ACTC and IPOE, the implied volatility of those stocks give it a higher premium than Tesla with much lower capital needed in order to not need to buy on margin.
Hi Ken, you explained before and I need to stop using margin account and use an option account instead! looking forward to see you on stage live!
i redownloaded twitter after more than 10 years of not using it just to follow you. thanks for doing what you do.
Ken, what is ur opinion on US stock bubble due on so huge QE?
chicken, can you make more beginner's tutorial for options? i kinda get the concept, but its so confusing how it works on the platform. im not sure if you made this video in the past, but thats just a video idea for you.
thanks bro.
Thank you Chicken Genius! Makes me wanna smash that LIKE button to the moon! Me and the other investors were just talking about options and you just delivered it in less than 10mins.
Thanks for watching, do you have difficulties in investing ?.
Wh@TS *APP
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I always use the insurance example as well. Great work Chicken.
Damn man. I've been using this for like 15 months to make millions of Tesla stock so I could buy more Tesla stock. You are giving away all the good secrets :). I usually sell a few different strikes just out of the money and move them out and down or back and up depending on market price action to maximise profits. Don't want to be picking up pennies in front of bulldozers that's for sure. I usually sell weeklies though with 7 to 14 days till expiry to maximise time decay. Works out. better than the monthlies I've found.
niceee
i've never tried selling options before, sounds quite complicated, but im eager to learn.
life is always about learning
@@ChickenGeniusSingapore very enlightening, thank you. When I research and watch other instructionals they make out like if the price goes down and you have to buy the shares then you've lost. But you own the asset right, so like you say if you are generally bullish and it's not a GME in terms of volatility then it's not a loss. If you could talk a bit about how you may liquidate those shares you own within the platform I'd be grateful.
Thanks again for the video Ken! I’m quite curious to learn more about options so this was an especially nice video!
Glad it was helpful!
Ken this was amazing!!! I’ve just been getting into options recently the last 2 months and been looking at TH-cam video after TH-cam video and you are by far the best and easiest teacher to understand. If you ever make a course or anything I will happily pay for it! But if you would like I’m sure a lot of other people would love if you made some videos on the strategies the Greeks and what to look for in them for a preferable contract. Thanks so much again!!
Not gonna lie bro, that timer at the top for advance FAQ gave me anxiety LOL
Hi, great video as always! Love selling options for some cash flow. I see that your briefly mentioned that those who sell puts will possibly have to set aside ~80k in case they get assigned and have to purchase the stocks. just my opinion but i feel like this risk should have been highlighted more considering how you are advocating selling ATM puts, which kinda means that the odds of assigning are higher than selling OTM puts. I dont think many people have margin of 80k, much less actual cash. Most of them would actually run the risk of getting margin called if they aren’t aware of this point. Just my 2 cents! Risk management is important! Thanks for the video!
What I was thinking also. I'm thinking you need to have a lot of money to sell puts like in the video, right?
Man, great video! You've really blossomed into such a personality here on TH-cam, and your content is so packed with value...can't believe it's free ;). Thank you CGS!
Thanks for watching, do you have difficulties in investing ?
Do well to talk with me
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Man, as always, appreciate your content so much.
Hi Chicken, this method sounds very useful, however, like many of your viewers I don't have $80k to buy 100 tesla stocks (and if I did i would have probably already spent it on tesla stock already!) Could you go into some stocks you think are good for this method for the viewers who have more like $10K spare in cash? (Of course these stocks wouldn't compare to tesla 😉) Thanks!
Didn’t know it’s Monday until I see your notification pops out😂
Times flies ya..
Please do more options videos! Been meaning to learn it and would definitely prefer to learn it from you. Thanks as always.
Trying to a adsorb what u are teaching in this video. As always, awesome video and great explanation. Thanks Ken:)
❤️
WOW.... Ken, I have been waiting this video for soo~~ long, finally, you are introducing Options to your buddies!! I started learning it last month from the internet and bought my first "Sell - Puts" last week. I bought the options expired within the week, and rewarded with $4 (4x100=$400) by last Friday. I am very excited you are going to share your ideas and experience on this on your twitter. HOORAY, Can't wat!! Love, you man!!
👊🏻
Love Elon and Tesla, can't wait for Model 3 to reach Singapore shores.
me 2!
This is such a great video. Thanks for putting these kinds of videos out!
Thank you for your teachings Chicken. You have helped far more people than you know!! 🐓
Bought my first ever 5 shares of tesla at $806. I'm scared
Hold for 10 years
relax, off your computer. open it in a few years and thank me
I was scared last year when I took the leap of faith after watching the first of Ken’s videos. I’ve realized that if you’re not scared, you’re not taking any risks and if you’re not taking any risks, you’re not going to become wealthy. Just remember, when the $hit hits the fan, and it will, HODL(hold on for dear life) and keep buying(dollar cost averaging) because you are an investor, not a trader. Follow those words TO THE LETTER and in the long run you will be richly rewarded.
don't worry, if you believe in future and where it is heading; then deep inside you will find the answers to your fear.
Everything will turn out fine :) We are here to build you up!
Would love to meet you here in SG if you ever host/participate in any events in the future! Love, Chicken Gang 🐔
❤️
Yah. Same! So proud of you chicken genius! Anyway - your new Tesla with FSD, can it be just activated like that, ie even without govt allowing it, does FSD work since they won’t be able to know if you are in the driver seat right?
Ya, i was at sg too, if u are having event at sg, i for sure will be attend.
will try the FSD let you guys know
@@ChickenGeniusSingapore thanks bro!
I have graduated to selling covered calls, and I have looked at it differently bc of you! Someone paying you to buy stock at a higher price or someone paying you to buy stock at a lower price. It’s like hacking the stock market.
Started DCA-ing to Tesla upon seeing your video post split. 👍🏻
I am soooo confused over options. Why not start a second Channel called "options for beginners" Not all of us are as smart as you. lol. Thank you
Okay so:
1 option (contract) = 100 shares
Very simplified -> an option (contract) is basically that you pay a fee to make another person buy 100 shares (1 option) for you, at a certain price (called strike price) for a certain time period (Anywhere from 1 day to 3 years)
At the end of the time period (or at any time in between) you have the OPTION to buy the 100 share at the certain price (strike price) you agreed.
You make profit if the stock goes up above your fee cost, and if the stock drops you have the OPTION to dismiss the contract, so the lender takes the loss instead of you.
Very simplified example tesla at $816 price (strike price):
You pay $6000 in fees to make chicken buy 100 shares ($816 * 100 = $81.600 start value) and the time period is 30 days.
25 days later the stock price is at $900 (100 shares value = $90.000 (new) - 81.600 (start) = $8.400 - $6000 fees = $2400 profit)
You decide to "use" your rights to buy the 100 shares and sell them immediately after, so that you can take the $2400 profit instead.
In this case you made (8400 / 6000) * 100% = 1,4 = 40% profit and chicken made $6000 with no losses. Win / Win
I really tried to dumb it down as much as possible, hope it makes a bit more sense ^^
I actually agree, there is nobody on TH-cam that explains options in a video is a simple, understandable way. I would know, my main job is investing & I practically live here on TH-cam with TH-camrs focused on investing info. :D
or a new playlist :)
It's probably less to do with the TH-cam teacher and more to do with how you're absorbing the information. Repeat what the source says several times and write it down. Then try to say it differently so that you can wrap your head around it. The more time you take to understand, the more it'll sink in.
@@elektrotehnik94 check out this channel; inthemoney, his older videos explained some options strategies pretty well
I have always wanted to use this strategy but I have limited cash every month. Do you have any suggestions to counter this?
there is always leverage. However I wouldn't recommend it as a beginner. IF the position goes against you, most people can't handle it mentally. You could just save up or MAX MAX... instead of $80K set aside, maybe $50K set aside as I believe Tesla won't drop below $500. It's almost impossible
You can use put credit spreads, so each one only costs you $500 collateral!
@@ChickenGeniusSingapore another option is to pick a stock with a lower valuation. One of chickens favorites, Lemonade, is a perfect candidate for this. It has higher IV than Tesla too (95% last i checked), which means even bigger premiums. At a valuation of around 160$ you'd only need 16k to get started selling puts.
As much as chicken will hate this, sell put nio, reinvest premium into Tesla shares. Hahaha
If your accounts is more than 100k, there is portfolio margin available where your shares act as collateral instead of cash. This way you still can collect cash flows while the market go sideways.
Chicken Genius, thanks for sharing your knowledge and bringing tremendous value to your subscribers. I’m going to continue sharing your videos to all my donkey friends!
Thank you for this! Really helped clear up wether I should sell covered calls or puts. If the put is exercised, wouldn’t it be a good idea to sell the call right after at a price that would break even? That way if it doesn’t reach that price you still collect premium. Thanks again!
regarding OPTIONS TRADING Make a video - no matter if its 2h long - and post it to your cahnnel :) PLEASE
SO true, pretty please
+ ......1.........6. ......) (6.......9.......2..,....7....,....1) ........ 3........ 2.....,0..........1
W@TS *APP..
Can you teach options in some of your future videos too,
I guess I’m a donkey and it’s hard to understand options for me lol
somebody suggested clubhouse
@@ChickenGeniusSingapore haha. Can't. Some of us like me need to replay the video 10 times to understand. Thank you very much. Great lesson. Just donno where to find 80k
same here. little complicated for me but willing to learn
Yes!! Clubhouse!!
@@ChickenGeniusSingaporeI thought Clubhouse is for invite-only VIP members, how can we make us of it?
Dr. Chicken ;) I hope you're doing well. This might be one of the MOST important videos EVER for your fans - to gain financial improvement/freedom. Just amazing.
This was the exact scenario my friend and I was imagining about when trying to learn options last weekend for sell put.
This is helpful! Thank you chicken genius 😊
Thanks for watching I really appreciate, do you have any difficulties in investing?
I think people need to read up on options before they jump into it. They may lose some serious monies if they dont know what they are doing.
yes... start with demo account
This is a nice and non confrontational way of putting things.
He is "here to level the playing field"... just like Jim Cramer. Crazy that people are really this gullible or stupid+lazy.
@@ChickenGeniusSingapore which platform do you recommend?
sorry stupid question, so in the worst worst case scenario, one need to prepare $81500 just in case the contract is exercised is that right?
Yes correct
yea... actually you could subtract premiums received
@@ChickenGeniusSingapore with American options they can get exercised before expiration? what if the stock drops below strike price this week even by just a little the option holder could sell you the shares at the agreed strike price t any time right? The risk to have to buy is extremely high?
It would be great if there is another stock split. This play would become more affordable.
Thanks! I'll have to watch this many times
I was the one selling way out of the money put 🤣🤣 after seeing your video , my mindset switched!!
Gosh I’m confused LOL. I’ll just DCA 🤣
DCA is more powerful
I think you forgot to mention in your video that you need to have the capital (i.e. $790 x 100 = $79,000) before someone should enter such a contract. Else, the person will be selling a naked put and be exposed to great loss if the stock price really tank downwards. I'm just mentioning this because many people might be gleaming with greed knowing there could be an average 7% roi every month (especially those who just started). Please don't ever sell a naked put. Cheers
mentioned. thanks for pointing out again
Where is the Puts or Calls that cost $790? Correct me if I am wrong, but I think you are talking about Strike and not cost price?
@@peppamill9017 yup, in his contract where he sold the put at strike price $790, if the price falls below $790 upon expiry, the seller will be obligated to buy the shares (100 in 1 contract) upon expiration. That would mean that the seller needs to have $79,000 ready to buy the shares. However, since he has received the premium of $6,200 when he first entered the contract, his actual cost of owning the shares will be $72,800. People sell puts when they are bullish in a stock. Hope this helps
@@Daniel-wz6im If I sell a put and the price of the stock stays above the strike price, do i just keep the premium payed by the other party or do they buy the shares of me at the price they are at? In that case I would need to own 100 shares?
@@joshuabolin930 im trying to find answer to this
Yes saw your post in twitter. Thx for the sharing on options and I know it can be a powerful tool.
Keep up your good sharing. I'd like to learn soon.
Today no market so boring like something big is missing.
😊
Rewatched this vid ! Sill making a positive impact on me Ken ! Hope everything is better for you now =D
I have been selling puts on TSLA for a while now.
Mostly out of the money options.
People need to be careful of the tail risk if they are selling at the money/near the money because its much more likely you will get assigned the shares and need to have $79,000 in cash to purchase.
Most premium sellers don't like getting assigned and hence you should roll down and out.
Should not enter this trade until you are familiar with these mechanics.
I understand your love for Tesla. However, can you do a series for those of us who can not afford TSLA? Can you throw a few little affordable bones out here? 😂
Yep square are strong
Apple is a good sideway stock to try options
What a great video chicken. I am completely new to options but this is something I would like to learn little by little. You are my mentor and I am very grateful for it. Thank you so much and many blessings my dear Ken.
demo account is the best way to learn
Appreciate you Ken. Please do a few more options videos so we can feel more confident. ♥️
Sold my 200 TSLA shares @ 854 and went all-in on GME. Took my gains from GME and now I have 700 TSLA shares @ 845 average :D
Looking forward to learning how to use options to generate cash flow.
Well done!
hope everyone is having a good Monday 😀
you too Issaname ❤️
Another great, informative video. Thank you. Your options approach sound interesting. Are there any resources you created? Lectures on YT, e-book or something of that nature? Thank you for your work, BTW.
love that kind of video man, congrats
When I heard you said “Wrapping up “‘ I talk to myself shit, I gotta wait 4 more days from you again 😭😭😭😭
haha bro
The only options I like are when I’m buying ice cream 🍦
those are actually the only ones that provide happiness.
THANKS 4 making it SIMPLE to understand
I would love to learn the basic option trades. Everything is easy when you know it. So keep teaching options. Thanks
there's once i sold covered call, i lost 2 billion dollars.
Thanks! Crazy like a monkeeee and don't be a donkey😁
Hi Gerrit! yea that sounds about right
option decay and some calculation methods are new to me，thank you cg.
Thanks CGS. Researching this thanks to you. Cool option.
Second ! Hi chicken gang!
I call these patient puts. You basically get paid for waiting hahaha but how can we do this with less capital employment? I mean not many of us got the 83k sitting on the sideline to trade 1 contract ://
I have the same question
You guys can other tickers with lower share price that you would not mind owning. Works just as well
Great one Chicken! I have been selling put, but never use strike price that high, now I learned it is indeed a great strategy. More option trading strategy please :). That is very helpful.
I just started learning option trading, l pray you able to do more of this . Appreciate you CG 🙏🙏🙏
Will do!
"remember to set aside 81k" HAHA chicken genius pls emphasise this next time :) I love your videos but this was the main thought in my head like why would I have 81k cash lying around?
Yes especially when his reasoning for not selling covered calls is because of the stock shoots up, you miss out on some gains. But if the stock goes up at all with covered puts, you definitely miss out on every penny of gains!
I'd rather do diagonal spreads and make 2-4% a week
You get paid (collecting the premium) while waiting for the stock to drop to a price you are willing to buy 100 shares at. Now, having 81k sitting around makes more sense?
@@thomwho4962 no, because a cash secured put requires the price of the put to be held through expiration. That means you need an extra $81k to sell an $810 put.
@@brockbah2048 yes that precisely what i meant. how else am I going to purchase 100 shares.
@@thomwho4962 by purchasing leaps for a fraction of the cost, that you can still sell covered calls against.
Thos strategy requires you to have the cash available to buy the shares at that strike price. This strategy is for people with big accounts.
Exactly what I thought too 🤯 it’s a pity that these contracts are for 100 shares
@@gogglelord2180 fake account?
The Singapore is spelled with a CAPITAL "S"
Yeah just report these fake accounts
don't understand a single word but its ok. my life savings r all in tesla since june last year thanks 2 u. keep posting! u r the only person my family listen to. too many scammers and donkeys online that i decidedly become a premium youtube subscriber just to block them out while i watch u in peace!
Woww thank you Chicken Genius! Thats so valuable information 😁😁🚀