REVEALING How I Earn $4.5K A Month With Options
ฝัง
- เผยแพร่เมื่อ 15 พ.ค. 2024
- In this video, I’ll reveal how I am earning money by selling options. I’ll share what are the stocks that I’m selling options on, how to achieve a steady return, what’s my portfolio size and what are my monthly profits.
Options spreadsheet
ko-fi.com/s/94f3ab6baf
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Thanks for the candid sharing, and also being the MVP for sharing your spreadsheet!
Thank you Kelvin! What you are doing is amazing - being transparent and learning together!
thanks for the google sheet template. helps to keep track of my option trading !
Thanks Kelvin for having this video and sharing your tracking template. I find it really easy to understand and it provided me much insights to option trading!
You are the most honest and trueful guy in sharing your tip and trick. Thank kelvin.
Hi Kevin. Thanks for the sharing. This episode is very useful.
Thanks your spreadsheet helped me to calculate P/L for options.. :)
Do you use TA or FA to analyze the underlying when it comes to option trading?
I love your humour and video contents!
Superb video.. Probably one of the most useful one.. Also, I plan to ask for the spreadsheet, but you already share it at the end.. Nice..
Huat ahh
Bro, I appreciate your work ethic and video style. Sibeh good sial.
Ahh... Thanks :)
brilliant video!! I've started doing the option wheel strategy as well after learning about it from your videos, it's not crazy gains but it's a great source of extra income even just at 1% return per week. I have yet to try out rolling options but does seem like it could be useful.
Thanks for sharing your journey so all of us can learn together :)
1% return is actually a lot of money if you manage to make 1% return every week for 52 weeks consecutively
"just" 1% per week hahaha. Annualised, those returns are better than Warren Buffett
this is an extremely good video kelvin, i have recommended your channel to my close colleagues as it shows a good progression in your investment journey which is very layman to newbies. same same, i got burnt initially for options trading too..experience is what makes us wiser.
Thanks Kevin, would you be able to go abit 1. do you sell on monthly or weekly? 2. when do you start to do rolling?
Hi Kelvin, do you mind making an video to update how your option journey is doing now? Will be great to hear some learning from you on your journey. Thanks!
Hi kelvin are u able to do a video on how much cash/total asset amount i need to maintain for margin when trading options? Thanks!
back in July I started a new strategy with my put options. I'm writing puts at 1% per week return. It sucks when a stock runs up and then I'm required to look for another stock to collect the next weeks 1%.
hi, #1 if you roll the option to avoid buy or sell the stock, how would u record them in your spreadsheet? #2 did you try to roll option in IB? if yes, how is it done? thanks
Kelvin thank you for all your videos!! i have learned so much from you. Can you please show us how to roll options in the different platforms (moo moo, tiger and IB)? Thank you!!!
Only IB among these 3 has it I guess..
Oh my, great suggestion🙏🏼 I just started exploring investing and would love to hear more about how to get started on these platforms too
Thanks Kelvin. Are those premium income taxable? If so how do you calculate for that?
Hi kelvin, are you still selling C.call for Riot? Has that help to further lower your BE price? Thanks for explaining the wheel strat.
Nice insight into the process
Hi Kelvin, could you explain the importance of Delta, Implied volatility? is it advisable to sell put options ITM? because I realised that my put options did not get exercise when it reached the strike price. I was confused.
Thanks to you i've started selling put option on TQQQ, MARA, SENS and UPST - Awesome!
Hi Kelvin - Thanks for sharing your strategy with us. Two questions: 1) How are the premiums taxed? Are they treated like a capital gain, and thus not taxed for non-residents? 2) Have you tried to set both put and covered call options for the same stock at the same time? Thanks.
Hi Kelvin, Love your videos. Which broker do you use for options trading?
Thanks for sharing. I noticed u sold tesla call option up to 4 quantity on the same date. Does it mean u need to own at least 400 tesla shares or u sell call on margin ? If sell on margin may i know how many tesla shares i need to own before i can sell call option on tesla.
Thanks Kelvin for the google doc. Ive been trading for a while learning every different strategy. I have learned that often you lose money learning. Now that i have done pretty much all of the techniques i truely believe that Selling Options is just about the best one. The issue for those with small accounts is the low ROI. But it is still the most consistent and best for a slow growing portfolio. I never touch my long-term portfolio but I am thinking of selling options because I can leverage the larger amount to buy more shares. Its all ETF dividend paying.
Hi Kelvin, how does margins actually work? How would I know how much margins will I have and what is considered as 'safe' or 'unsafe' margin? I do have some stocks and also options and sometimes when I already have a few options, I cannot buy more shares because some or the money is 'stuck' in the options. So how do I know what is considered safe margin?
Able to do a video on margin?
For lead option, do we need to manually exerciser the Buy option to cancel off the sell option trade in TOS ?
Kelvin, which platform you are using for the option trading?
Hi Kelvin ... Kelvin here. :) How do you go about on stock selection on the cover calls and cash covered puts ? Any companies u will avoid or shortlist ?
hello! can you explain how rolling the optios nwork?
Good video.
I'm a beginner at options trading.
Do u have any videos that show beginners how to place calls and put trades step by step?
This would be very helpful to beginners like me.
Kelvin, am I correct to say that interactive brokers is the ONLY trading platform in Singapore that allows for different types of option trading strategies like iron condor ? AND can Singaporeans use USA option trading platforms like tastyworks ? Many thanks in advance
Great video!
What happens if you sell a put option and at expiry it is OTM, do you still need to buy it back or just leave it?
Now I know, it will be worthless and removed at expiry
Hi Kelvin, Thank you for your videos and sharing your knowledge. I find the rolling option strategy interesting and like to learn more. Could you show how to do it?
Sure sure, js pm me in discord
Hi Kelvin. This is interesting. Could you show me how you do it too?
Does Moomoo support covered call option stetagy? Thanks Kelvin Bro!
Nice take on it. I also play abit of option here and there.
What is your take on the best option stock to play now?
Abit worried if the next coming weeks market might sell off as it does as it approaches end of the year
Hmm... i think it's really any stock that you like to own. For me it's NIO, Tsla, Sq
Hey Kelvin! Enjoy your videos, however , as a newbie wanting to start trading could you give me some advice what i should do or start first? As the internet has over flow of information, quite overwhelming 😅
Kelvin _ can you do a video on where we can buying option for crypto . Thanks
Is the premium from selling call or put (US Option) subject to tax in US or Singapore?
does it mean we need to stand by 80K USD in case sell PUT hit the strike price?
hi kevin , can you share the out come of this wheel strategy 2022 and 2023
Kelvin, how do u learn all this option trading on ur own? If I want to learn step by step, where can i learn from? tq
Thank you!
What do you mean by roll? What are the steps to rolling?
Hi Kelvin, have been watching your videos and learning from u. Thank you for your selfless sharing. May i know whether we need to pay US taxes on the premium collected for selling the options?
Don't have to :D
@@KelvinLearnsInvesting is option trading legal ?
Hello kel! I got a question.i tried to do sell put on nio last month but I wanna ask how much money must I have because inside I was holding Tesla stocks & palantir, before the market closes for the day it will auto close my position on palantir & Tesla stock. What should I do?
Hi, can I check can i sell put price at a higher strike price for ex PLTR at 26 now, if I brought a put option at strike price of 36, when the contract expire the price is at 28 below my strike price of 36 will I still get the sum?
u mentioned that u do a sell put to buy back the share is ur option been called away.
But the seller can chose not to sell you since ur sell put is not an obligation.
What platform / broker do you use to trade options? Any website you recommend?
thank you shifuuuuu
Thank you senpai. If you were to sell monthly options at the same strike as your weekly, chances of it getting ITM is not low as there is more time for stocks like TSLA to do so, ie 20% increase in a week unlikely but in a month not unlikely.
Maybe stay consistent with the delta of 0.1 too for monthly? I believe it would be further OTM.
Yup, in a way, there's higher chance to hit. That's why i lower than 0.1 for safety
but the premium are too low for such low delta
Hi Kelvin how much portfolio u have to generate such options income
Can you do an update on selling options? How are you doing with today's market!
Kelvin can i ask u a question, If u own 100shares of a stock, then if you sell call options of the stock, will the trading platform still needs you to have huge amount of buying power in that account to do so? Because I know that if i dont have the stock, usually i will need to have alot of buying power in that account to sell naked options.
Hi Kelvin, what is the best strategy to grow a small account using options? Im using IBKR as well and i noticed when selling credit put spreads, collateral is same as a naked put. Can you suggest any other strategy with low collateral so we can maximize leverage per dollar?
Btw your videos are very educational. Keep up the good work you are helping a lot people!
How much time do you use per week on either strategy and which broker you use? Thnaks
can you make videos giving your opinion about chinese companies such as tencent, alibaba or didi?
Thanks master Kelvin! Been following your wheel strategy and raking in passive income. Really thankful ✌🏻
Wow congrats!
How tho
Any specific video for complete beginner?
Thanks Kelvin for the info, can you share your current portfolio with us? 😊
Hi can I download Yr spread sheet . A link pls Kelvin
Ty for the tips bro you are awesome. May i ask after the option expires do u need to close the trade ? Also when you sell a put option for example are you paid immediately or only after the option is closed or expired. I realise you could close the option halfway and still make a profit sometimes
If the option expires no need to close. When sell will immediately receive the money.
Should the backup cash be always on the platform in case it got exercised and goes into margin when you need to buy the stocks? Or you can top up after going into margin?
Don't have to be. You will know when the stock goes itm, then just be ready to top up.
Why you sold Nio call option below ur buying price?
Hi Kelvin, for wheel strategy, how long of an option date to expiry will you choose? I saw in your other video that you usually choose 30 days? But in this video, seems like you choose around 3 day?
When i first started i did weekly. But nowadays im doing monthly because it's less tiring
I used to do wheel as well but I stopped recently becoz if the price of the stock is high, eg SQ TLSA, it will cost too much margin my tiny account cannot afford. But if the stock is cheap
As for stocks in 100-200 range and I’m long term bullish on, I would open ITM leap call and do PMCC hahaha, but for Tesla I can only afford to do spreads hahaha
Synthetic is good. but need to know when to close it otherwise, if it goes against you. you'll see similar losses too!
Thank you for your video, it’s help people like me no experience in trading option understand better..
How can I able trade option in IB?
Which strategy to use on options profit calculator to make money(at predicting the range/ the most noob friendly method to earn money?)
Possible to show us how to use Tigers Brokers to do Options??
Hi Kelvin, thank you so much for sharing! Why is it when I sell a put on a stock and it says this stock is currently not available to do a short sell?
Did you try to sell a put or sell a stock
@@KelvinLearnsInvesting I click on the option strike price on the put and click trade. Is that correct?
For covered calls, what happens if the price is below the strike price? I get to keep the premium and the option is closed??
and if the price is above the strike price, do i buy the stock at strike price or whatever the price is at the time of execution or the option?
If it's covered call, option will expire worthless n u keep the premium.
Above strike price, u have to sell the stock away at strike price
Hi Kevin, is rolling options the same as buying back your covered call and selling another covered call at a higher price? Is there a pro/con on using this rather than rolling it per se as I don't see that option in the IBKR desktop version
Yea, it's buying back and selling a new call. The cons is if u closed at a loss, u won't earn from the new option because it's used to cover the loss. There's no option in ibkr desktop, but u can do it in ibkr app
Hu Shem, I made a video awhile back showing how to use the roll tool in IBKR TWS. th-cam.com/video/hMlFxRF_pas/w-d-xo.html. Let me know if that helps you.
Hi Kelvin great videos, keep up the good work! I was wondering what brokerage you use? I use Saxo and unfortunately it does not allow selling options on higher risk stocks like AMC.
I use ibkr
Nice Videos Kelvin
Can u tell where you learnt how to trade options
I am looking for it
I always watch all your videos
I started by watching 2 yt channels: "inthemoney" and "kamikazecash". I also joined subreddits like "thetagang" and "options"
@@KelvinLearnsInvesting Thank you soo much
Hi Kelvin, can you please clarify the point you've made on the options exercised early... let's say I have a sell put on ABC strike price $25 expiry 15/10/2021, and current stock price for ABC drop below $25, can this option be exercised early today eventho it's not 15th OCT yet? Other sifus on this channel please feel free to answer too thank you in advance...
Yea you can get assigned anytime by the buyer of the put. But usually only when the underlying goes below the strike. However, lets assume you're paid $0.50 in premium for the selling the put. This means your breakeven is $24.50. So, if you get assigned between $24.50 to $25.00 it is still good. If you prefer to roll then best is to execute the roll at least a few days before expiration. To share my experience, few months ago I sold a $42 NIO put and it fell to ~$38 due to China tech crackdown. I intended to roll only during the date of expiry and it was a mistake. I was assigned immediately when market opened. Hope this helps :)
@@EugeneYeeXD thanks for the prompt reply. for some very strange reason my sell put isn't assigned eventho it's below the strike price, but looking at the example you've given i believe that the price is still not lower than the strike price minus the premium. I need to ask another Q. I've collected the premium initially for this at $0.74 and now it is going at $0.70. Assuming that I want to cover this put, I just need to go to this sell put and buy it back to close the position, right? and secondly, it means i made a mere $0.04 after i close this contract, right?
@@ericchow1218 For some brokers there is automatic assignment during the date of expiration if they underlying is below the strike. If have yet to reach expiration date, it's totally up to the buyer of the put to exercise or not. In my previous example when NIO fell to $38, I was still holding the contract (for a few days) without being assigned until the date of expiration. With regard to your question, yes you will make a profit of $0.04 but dont forget to include the fees into your calculation.
Have u heard of crypto option? how do u compare this 2 ?
Hi Kelvin , make a tutorial on how to do rolling on ibkr? Because it seems that rolling is very important on wheel strategy. This can become a lifesaver . Thanks
There’s a roll function on IBKR
It’s best to learn from Kelvin master himself. And also I wonder can I roll a sell put option?
Hi Kelvin, so far I only see u sell call and sell put, did u buy a call or buy a put? Which one u more recommended ? Thanks
I don't really buy call or put. For buying i prefer to just buy stocks instead
Greetings kelvin... Do we execute the cash cover put and cover call at the same time? Or wait for one to strike then execute the other one? Thanks in advance
For wheel strategy, it is wait for put to execute, then do the call
@@KelvinLearnsInvesting icic... Kamxia kamxia... Good day~ 😘🤗
@@KelvinLearnsInvesting Greetings again boss.. i did a put option buy... did i do it correctly? Or was it put option SELL ar? 😅
Do you deposit the cash in IKBR when you sell the put option or only when the option is exercised? Any interest on the margin?
For wheel strategy, the money is in ibkr. Option on margin wont be charged interest.
@@KelvinLearnsInvesting So the margin loan interest only applies if the option got exercised?
Hey Kelvin, is there any reason to not be trading the wheel on Dividend stocks? and thereby capturing the dividend plus the earning from puts/calls.
It's definitely possible. But you have to take note of downsides of oversea dividend stocks
- 30% withholding tax on dividends
- much more stable, lower volatility, lower option premiums
But otherwise, dividend stocks are good candidates
you cracked me up with that animation
Hi Kelvin, selling cash secured put n covered call is it considered short strangle
A covered call is equivalent to a short in the money put. So if you sell a covered call and naked otm put(cash secured put) you are essentially selling two naked puts. One is in the money and the other out of the money
May I know which platform are you using to trade options? I've heard that tiger brokers does not do covered calls and cash covered puts
not sure what he uses but his screen shares are tiger. moomoo allows csp and cc if requested. hope this helps
He is using ibkr
Hi Kevin may I know what broker do you used to trade option?
Thanks for your reply
I use ibkr
@@KelvinLearnsInvesting sorry ibkr what does it stand for?
@@KelvinLearnsInvesting sorry it’s interactive broker….I got it,… thanks
Have you ever consider selling a call and put option on a same stock over a same expiration date?
E.g Stock A is currently priced at $100.
Suppose I sell a put option of $105 that will expire in a week’s time, along will a call option of $95 that will expire in the same period.
If by the end of the week, the stock price is at $102 (or $98), neither the put option buyer will not force us to sell our stock at $105, nor the call option buyer will force us to buy the stock at $95.
I’m still in the process of learning options so there might be something which I’m missing out on. I just thought that this might be a little too good to be true.
If the stock price is at 102, put option buyer will sell you at 105, hence you lose 3. Call option holder will buy at 95, hence you lose 7.
Hi Kelvin, can U do an updated video on how you are doing with the options trading?
Sure
I started in May doing mthly after learning from kelvin n chicken genius. so far so good. on avg 1k. i say do on stocks u dont mind to hold. also close early if can take profit(?)
Hi Jun Yao, thank you for sharing. I'm just starting. May I know how often u trade? Do u have high capital and sell multiple contracts?
Hello guys any group in Singapore that trade options , would love to join one
Thanks Kelvin, may I know what broker you are using?
I use ibkr
So you earn sgd 4K or usd 4K per month for your option trading
Hi Kelvin, may I check with you if a put option goes into the money before expiry date, could I still buy out at a loss?
Yes. Can buy at a loss
@@KelvinLearnsInvesting I see, so I would see from -1 to 0 units, am I right? Thanks alot
Yup that's right
Hi Kelvin, are u running wheel on margin account ? Will u explain running wheel on margin account using wheel and what's the buying power, interest charged for the borrowed money and conditions for margin call ?
For wheel, I'm using cash only
Just got to know about Nio recently, did my homework and bought their stock. Hope they manage to do well in futures.
What? 😅
Hey Kelvin ! Can you make a video on taxes in Singapore how to save taxes and do we have capital gain tax here in Singapore ? 😊
Ah taxes, lemme try to plan it. Luckily there's no capital gains tax here in sg
Put into SRS account.
Even insurance can reduce taxes
Can the buyer exercise the option anytime before expiry if crosses the strike price? Or only after expiry.
yes, it can be exercised as long as it is ITM
Hi Kelvin, if the price goes against you, do you roll on the last day or a few days before? Thanks.
Nowadays i roll last day, bcos sometimes i notice the stock can reverse in the last few days
@Kelvin Learns Investing That's true. I also find weekly works better than monthly for me too. A lot of things can happen in the 30 to 45 days. I once sold a Put for AAPL at way OTM. Then Russia decided to wage a war. The prices tumbled! Haha. Thanks much Kelvin :)
Thanks for helping me without yr vedio i will be blur af.