How I Trade the Wheel Strategy
26:19
3 GREAT Stocks for Credit Spreads
24:34
Пікірлер
@APPraiaGrande
@APPraiaGrande 22 сағат бұрын
Wow. I am blown away by this presentation. I was an insecure 59 year old on SS in January 2018 when I started buying Bitcoin/crypto. Everyone though I was irrational. Most still do. I put my income in every month and watched the value drop each month but for some reason really believed in Bitcoin and alt coins/blockchain even though I don't totally understand. Finally, the crypto market started turning around and I am astonished at the value of my crypto currency portfolio today. I engaged in active trading and managed to grow a nest egg of around 2.3B'tc to a decent 27B'tc....At the heart of this evolution is Linda Wilburn, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.
@APPraiaGrande
@APPraiaGrande 22 сағат бұрын
Linda Wilburn program is widely available online.
@Melanocaster
@Melanocaster 22 сағат бұрын
I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.
@LeneHovgaard
@LeneHovgaard 22 сағат бұрын
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
@joelparkin
@joelparkin 22 сағат бұрын
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
@ElenaCanizales87
@ElenaCanizales87 22 сағат бұрын
It was quite challenging to understand the different trends on my own until i found out about Wilburn. Trading made easy.
@acid74
@acid74 22 сағат бұрын
why so complicated to modify JL with a short put? R:R is 1:4 as I can see... why not just do a Bull Put Spread?
@optionswithdavis
@optionswithdavis 22 сағат бұрын
You mean like this: kzbin.info/www/bejne/ooKUlnufq76SmsUsi=4YigI1eoZSDd6ZYm It's just a different strategy. How you use each strategy depends on your view and preference.
@acid74
@acid74 20 сағат бұрын
@@optionswithdavis i understand. just saying that JL originally is a 3 legged strategy. by adding fourth leg to cap the loss complicates it. easier to just do put spread. anyway, love your videos still.
@optionswithdavis
@optionswithdavis 19 сағат бұрын
This is meant for prople who don't have a big enough capital to put on a JL on SPY. Adding the 4th leg reduces the BP required to put on the trade. Just like how not everyone can put on a short put and so go with the put spread.
@drewsanborne
@drewsanborne 23 сағат бұрын
Thanks great explanation. What do you think about setting a stop loss if price should go down by a predetermined absolute amount, say, $100? Of course given time the trade off might be price moves up into the profit zone again. Conversely, if price goes up I do not wait till 50% POP but sooner? Basically very low risk tolerance so cut loss faster and willing to take (less) profits early and just closing and putting out more frequent trades on SPY.
@optionswithdavis
@optionswithdavis 22 сағат бұрын
My view on stop loss: kzbin.info/www/bejne/nobOc6OlarVsjpIsi=29Uu3CsaqmhRWqK8 But if it works for you, why not.
@vamshikarra4691
@vamshikarra4691 Күн бұрын
Davis , great and deeper understanding of human rational that if stock goes down , most of the people step back . But this strategy gives a confidence to place a trade BWB🎉. Thanks again Davis
@joshuabrown9997
@joshuabrown9997 Күн бұрын
What timeframe is your chart when you are looking at Stochastic Oscillator or RSI.
@optionswithdavis
@optionswithdavis Күн бұрын
Here you go: kzbin.info/www/bejne/rabFhKenqddlbdEsi=1pLA28gOwBWsmcdT
@cubalkan
@cubalkan Күн бұрын
I like your content..what is the pros/cons of the Jade L compared to the 111 trade?
@jayaramanramakrishnan3251
@jayaramanramakrishnan3251 Күн бұрын
can you describe management of these? when to close/take loss/exit? what about assignment risk on put side?
@guysweenie
@guysweenie Күн бұрын
what would be the margin for short put??
@optionswithdavis
@optionswithdavis Күн бұрын
Depends on the strike price you choose
@TheVinaysuneja
@TheVinaysuneja Күн бұрын
Great explanation ❤
@TheVinaysuneja
@TheVinaysuneja Күн бұрын
Can you do this in 0 dte
@optionswithdavis
@optionswithdavis Күн бұрын
You mean these: 1) kzbin.info/www/bejne/f4eteouZq7pla68si=l4nyDNs_zlRcjlK3 2) kzbin.info/www/bejne/aWnKZYytpb-XfLssi=jpScm2u6i_Elki36
@farizashukur6946
@farizashukur6946 Күн бұрын
Best explanation of jade lizard for me. Thanks Davis
@optionswithdavis
@optionswithdavis Күн бұрын
You're welcome
@mauriceamaraggi8098
@mauriceamaraggi8098 Күн бұрын
If the market goes against you can you not just roll the short put?
@EyalMaoz1
@EyalMaoz1 Күн бұрын
Excellent video. Thanks! Where exactly can one find all these tasty research studies?
@SomaSarkar-wu5zv
@SomaSarkar-wu5zv Күн бұрын
Subscribe share please Koro
@EyalMaoz1
@EyalMaoz1 Күн бұрын
Hi, thanks for this excellent video. You mentioned you have multiple trades on at the same time on these ETFs. Do you have a video giving overview of your approach to this, when do you open another position for example? Thanks Davis.
@EyalMaoz1
@EyalMaoz1 Күн бұрын
Thanks for the interesting video, can you share some info on the probability / backtest of this strategy?
@user-rv7td4gt3l
@user-rv7td4gt3l 2 күн бұрын
How do you found out the expected move of a stock? Thanks!
@optionswithdavis
@optionswithdavis 2 күн бұрын
Explained here: kzbin.info/www/bejne/sGG9oXymoa6VmLssi=C1psA09bolRPgdVW
@mandyll
@mandyll 2 күн бұрын
This is the best explanation on a SPY strategy that I've seen! Your explanation makes it very easy for me to understand and I really like that you walk through your thought process of constructing the trade too. More videos like this please, thank you.
@optionswithdavis
@optionswithdavis 2 күн бұрын
Sure ☺️
@darrenmc5424
@darrenmc5424 2 күн бұрын
Love your videos! Excellent material and easy to follow. My new favorite YT channel!
@optionswithdavis
@optionswithdavis 2 күн бұрын
☺️
@mandyll
@mandyll 2 күн бұрын
I agree!
@masonite1973
@masonite1973 2 күн бұрын
Would you manage early? close at 21 dte? close if profit gets to 50%?
@optionswithdavis
@optionswithdavis 2 күн бұрын
Either is fine.
@cegtidhisi
@cegtidhisi 2 күн бұрын
Thanks for the video Davis! Do you still close these at 50% profit or hold until expiration?
@optionswithdavis
@optionswithdavis 2 күн бұрын
You're welcome! I generally won't hold to expiration for american-style options unless there's a good reason to do so.
@raysteel6317
@raysteel6317 2 күн бұрын
Im curious on your thoughts, why would this strategy for be better than say an ES, IC 20 delta on both sides 100 wide. It appears the BP is much lower on the ES/IC and P/L is much nicer with a similar risk profile and POP. It also appears the max loss on the SPY idea is about 3-4 times ?
@optionswithdavis
@optionswithdavis 2 күн бұрын
No "better", only trade-offs. They both are different strategies. IC has risk to both sides with a higher premium but lower PoP. This has only risk to one side with a lower premium but higher PoP. Which you use depends on your view. And the BP on ES doesn't necessarily reflect the potential max risk on the trade since futures uses SPAN margin.
@raysteel6317
@raysteel6317 2 күн бұрын
@@optionswithdavis Thanks, Im going to paper trade both ideas. Im going to exit either trade at either 21 DTE or 50% of the SPY profit target. As example the SPY shows lets say 300 max profit while the ES shows 1100, Im rounding on both examples. So I will close the trades at a profit of $150. I will not adjust or roll out, I will leave as is. I will re enter either trade at DTE or profit target. I will do this for 3 months lets say. I will try to remember to get back to you and let you know how I did.
@seangreen8262
@seangreen8262 2 күн бұрын
This jade lizard strategy have the same risk graph as LT112? Are they the same and interchangeable
@optionswithdavis
@optionswithdavis 2 күн бұрын
Different risk profile. 112 is this: kzbin.info/www/bejne/amXYiYNmpat1nZosi=KZgv4nmaDFqYSWaw
@davidlaracuente365
@davidlaracuente365 2 күн бұрын
Great work, great teacher.
@optionswithdavis
@optionswithdavis 2 күн бұрын
☺️
@NotesNomads
@NotesNomads 2 күн бұрын
when you talk about the chance to lose the trade, how you define "losing"? is that max lose is that some X of your profit? tx (we all now that 1 lost trade can mean portfolio wipe )
@vamshikarra4691
@vamshikarra4691 2 күн бұрын
It’s an amazing narrative
@optionswithdavis
@optionswithdavis 2 күн бұрын
😊
@chesterjessington8653
@chesterjessington8653 2 күн бұрын
This is an excellent strategy! I like it a lot thanks for sharing Davis!
@optionswithdavis
@optionswithdavis 2 күн бұрын
You're welcome!
@TBradFashionModel
@TBradFashionModel 2 күн бұрын
Congrats,...this was explained in a way I understood,...and seems to be quite a good strategy. The demo on a chart would be a cementing factor for this visual learner, however the Analyzer did the trick in explanation.
@optionswithdavis
@optionswithdavis 2 күн бұрын
☺️
@mensa1950
@mensa1950 2 күн бұрын
As usual, another excellent video. Thanks!
@optionswithdavis
@optionswithdavis 2 күн бұрын
You're welcome 😊
@michaellucas7882
@michaellucas7882 2 күн бұрын
Thanks Davis!
@optionswithdavis
@optionswithdavis 2 күн бұрын
You're welcome!
@gordpearson9802
@gordpearson9802 2 күн бұрын
Thanks Davis, that was fast, have agreat day
@optionswithdavis
@optionswithdavis 2 күн бұрын
You're welcome!
@vamshikarra4691
@vamshikarra4691 2 күн бұрын
Hi Davis , do you have any learning content for beginners to subscribe and learn
@optionswithdavis
@optionswithdavis 2 күн бұрын
Here you go: 1) The Options Income Blueprint: optionswithdavis.com/blueprint/ 2) The Credit Spreads Blueprint: optionswithdavis.com/cs-blueprint/
@vamshikarra4691
@vamshikarra4691 2 күн бұрын
@@optionswithdavis But this is free content . Do you have any video content for deeper learning as paid subscription
@optionswithdavis
@optionswithdavis 3 күн бұрын
Get My Strategy Blueprints For FREE: 1) The Options Income Blueprint: optionswithdavis.com/blueprint/ 2) The Credit Spreads Blueprint: optionswithdavis.com/cs-blueprint/
@weathNtravel
@weathNtravel Күн бұрын
Do you have a trading service where we can follow your trades?
@optionswithdavis
@optionswithdavis 22 сағат бұрын
No trading alert service. Just a Mentorship Program for now.
@milesmcendree1524
@milesmcendree1524 3 күн бұрын
I cannot find the Stochastic Oscillator on the ThinkorSwim platform. Under studies there are a bunch of different studies labeled stochastic. Which specific one do you us that allows you to put in these settings? By far the best options channel I have seen. Wish I would have found you years ago, would have saved me a ton of time.
@waynezhou8667
@waynezhou8667 3 күн бұрын
Good video always! Could you please explain how I know if it reaches 50% profit? Where do I see it in the option?
@AnthonyJamesOwen
@AnthonyJamesOwen 3 күн бұрын
Hi Davis! Another great one! Thanks for your work to educate us all!
@aaronsarinana1654
@aaronsarinana1654 3 күн бұрын
So, what happened with your google trade?! .. you left us excited with that trade! It would have been an excellent exercise to get until the close of the trade!
@aaronsarinana1654
@aaronsarinana1654 3 күн бұрын
Do you have a video on just selling CSP for income? I mean, if i want to avoid as much as possible getting assigned! .. of course, there will be always the risk and i should be prepared for. Great channel btw!
@optionswithdavis
@optionswithdavis 3 күн бұрын
Here you go: kzbin.info/www/bejne/bGnJfpx5fpuVrposi=IemDcT08zrtj4pLQ
@aaronsarinana1654
@aaronsarinana1654 3 күн бұрын
Great! Just what i was looking for! Thanks David! Cheers from México 🙂
@johnpinard3212
@johnpinard3212 4 күн бұрын
I’ve found that rolling is important. On a Tuesday or Wednesday, even if in the money, you can usually roll for credit. For really good premium. And layering in, many strikes, many expiration dates, and always keep powder dry.
@tomricapito257
@tomricapito257 5 күн бұрын
How do we find ETF's under $50 that we can use for the wheel?
@pkdv8324
@pkdv8324 5 күн бұрын
Wow man you are the best! Quick question about IVR do you prefer ETFs/Stocks with higher IVR so that over time the IVR can drop for the credit spread you selected?
@charlesdarnell2344
@charlesdarnell2344 5 күн бұрын
Thank you for your excellent videos. They are always clear and enlightening. This particular video was very informative. I am paper trading based on these concepts.
@pkdv8324
@pkdv8324 5 күн бұрын
Hi Davis, great videos. I do credit spread as well. My question is how do you recommend which stocks to pick for credit spreads? Do you look for high IVR? And also how do I know if the IVR is not always high for the stock I select?
@optionswithdavis
@optionswithdavis 5 күн бұрын
See this: kzbin.info/www/bejne/bmLXaXSlhbR-eaMsi=3fGk0bBzwwFVefIL
@pkdv8324
@pkdv8324 5 күн бұрын
Wonderful, thank you!!
@Vincenzo916
@Vincenzo916 6 күн бұрын
This sounds like a good trade to put on just before earnings come out on a good stock like NVDA. If the stock tanks you are in good shape.
@heazty
@heazty 6 күн бұрын
Nice breakdown!
@subhashnrana3159
@subhashnrana3159 6 күн бұрын
Please can you suggest how to backtest on E mini S&P options (for non-us citizens) where buy and sell signals are generated from a third party software. Any guidance would be appreciable
@ethanc-cs3yg
@ethanc-cs3yg 7 күн бұрын
I would try it around an earnings announcement and get out quickly.
@terryneal5569
@terryneal5569 7 күн бұрын
You are referring to Delta as DTE? did you realize that? 15:25
@optionswithdavis
@optionswithdavis 7 күн бұрын
Yup, I meant to say delta there
@gonzalezandreas9117
@gonzalezandreas9117 7 күн бұрын
This approach is a great strategy! Thanks Davis for sharing this here. I know a very good trader, she's just like you, she helps individuals on earning massively in the market.
@WilliamSzerelem
@WilliamSzerelem 7 күн бұрын
Please how can i connect with this lady.
@gonzalezandreas9117
@gonzalezandreas9117 7 күн бұрын
*She's mostly on Telegrams.*
@WilliamSzerelem
@WilliamSzerelem 7 күн бұрын
Ok thanks.
@ConteLucre
@ConteLucre 7 күн бұрын
It's a good thing we have nice people here who want others to become successful as they are. TABBRAN is a good trader am surprise seeing people mentioning her here.
@WilliamGarrett-sf2ev
@WilliamGarrett-sf2ev 7 күн бұрын
when someone is straight forward and good at what he/she does best. People will always speak for them. am surprise seeing people mention her here.
@weathNtravel
@weathNtravel 8 күн бұрын
Do you have a stock picking (a trading )service ?