Yield Collector

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@TheOriginalPickleRick 22 минут бұрын

Wait until after the ex-div date before starting to sell Covered Calls, or your Call could be exercised before the ex-div date. You would lose the dividend and the shares to the Call buyer.

@lemyul Күн бұрын

thanks bro

@bakotako Күн бұрын

Umm you annualized isn't right. You used 365 should be 252 to be accurate as you took the monthly without the weekends. Also how is this a dividend stocks? They are less than 2%. I use VZ which is like 6%. This is important as they behave differently relative to market in a bull or bear market

@yieldcollector Күн бұрын

I personally prefer lower yielding dividend stocks because I like the growth better, but that is a personal preference I suppose. As far as the annualized, I believe that I did it correctly www.borntosell.com/covered-call-tutorial/calculating-covered-call-returns .

@SimplyScalping 2 күн бұрын

Friend. So I guess risk reward comes into play. Yes you get a good return but with calls you have the chance of losing everything

@yieldcollector Күн бұрын

Yes definitely. That's why I always keep my long Call trades pretty small.

@SimplyScalping Күн бұрын

@@yieldcollector I come from the forex world and we usually collect, 2:1, 3:1 risk reward for trades but for some reason with options it’s less than or equal to 1:1? Which i don’t quite understand.

@yieldcollector 21 сағат бұрын

@@SimplyScalping You can understand the leverage when you look at the delta of your strike. The delta shows how much an option price would change for every $1 move in the underlying. So lets say you buy the 100 strike NVDA option that expires Oct 18th (89dte) for $24.30. That would cost you $2,430 for 1 contract which represents 100 shares. It has a delta of .80 which means that the option price will increase $.80 for every $1 move upwards. This gives you much greater leverage than buying the 100 NVDA shares outright (which would cost $11,800) .

@dawnregit9211 2 күн бұрын

Very good insight.

@davidcartagena1272 3 күн бұрын

I've done well trading below $20 stocks, wish I could where chips

@schries 5 күн бұрын

Hey Ben sorry for false alarm, just realized it was because having different amount of shares vs calls :)

@schries 5 күн бұрын

Ben your website is awesome, thank you!! I love the feature of being able to add notes to positions, let 's me type in my thought process for each trade so definitely helps the learning curve. I'm not seeing "Shares Called Away" in actions, hmmm Thanks again, Peace & Blessings brother.

@yieldcollector 5 күн бұрын

Thanks. You should be able to find the "Shares Called Away" function in the action menu of the Call. It used to be located in the action menu of the Stock, but I changed to show in the Call action menu since the making of this video.

@schries 5 күн бұрын

@@yieldcollector Thanks Ben just realized I have an unequal amount of shares and calls, did an edit to make them equal and there it was. Thanks bro!

@laughuntilyoucryordie 7 күн бұрын

Very nice tool unfortunately Fidelity doesn’t have an Active Trader Pro app for an iPhone! I don’t own a computer anymore

@alessandromontini826 8 күн бұрын

Tanks very good explanation Lesson

@mrbigcat9 9 күн бұрын

What happens if this strategy goes against you? CSP etc.?

@yieldcollector 8 күн бұрын

Then it just turns into a regular Wheel Strategy trade. Just keep selling Calls (above your cost basis hopefully) until the stock bounces back and your shares get called away.

@mrbigcat9 9 күн бұрын

Trades in a basket are market buy and sell orders or limit orders?

@yieldcollector 9 күн бұрын

Market orders.

@FMD023 9 күн бұрын

Smart dude MC is the best. I use that to learn how to trade put spreads and then made my own scanner that gave me trades that I had 96% win rate. Only knock on mc is they don’t have spx option chain

@orkayen 12 күн бұрын

Not sure whether you realized it or not. The win rate is easy to see from delta. If ATM strike is 0.50 delta, then the win rate is 50%. If delta is 0.2 (OTM), then the win rate is 20% (80% chance that it would expire worthless). If it is 0.8 delta then win rate is 80% as 20% chance of expiring worthless.

@yieldcollector 12 күн бұрын

The delta values are a quick way to see approximate probabilities. With Market Chameleon, the actual win rate of each strike is calculated using actual backtested results. That is entirely different from probabilities.

@pauljennings7196 14 күн бұрын

Of you buy a out of the money options with a month or two out using the nearest support or resistance level as a strike price. Volatility alone will make you money

@danle-xp9iz 14 күн бұрын

Awesome video! Thanks for sharing your insights, I will definitely be buying 3 months out.

@joseclaramunt2201 16 күн бұрын

This is a great video showing how to easily do it..

@normbrown878 17 күн бұрын

Great informative video!

@BallPlay4 17 күн бұрын

Very nice demonstration. Thank you!

@timleeman4627 18 күн бұрын

I use your Yield Collector tracker for my wheel trades, I love it…. Do you have a tracker for Put Credit Spreads?

@yieldcollector 18 күн бұрын

Thanks. Sorry I don't have a Put credit spread tracker. Maybe at some point I'll add that in.

@timleeman4627 18 күн бұрын

No problem….. You create great videos. I’m ready for a new one… Happy 4th of July!

@freddrake2825 19 күн бұрын

I went searching for your latest video but I see you haven't posted new content in a while. I hope you are well. You always have thoughtful content for us. Hopefully we will see something new before long.

@yieldcollector 19 күн бұрын

Thanks. Yeah I'm fine, I'm just taking a KZbin break for awhile. I'll be back at some point.

@michaelstuhlman 22 күн бұрын

I am at Schwab and I use the money market fund SNAXX and am currently getting 5.29%

@MMPublishingInc 26 күн бұрын

I need someone to code a pinescript strategy into thinkscript...no luck on fiverr or upwork so far. Any help?

@yieldcollector 26 күн бұрын

I haven't used Pinescript much. ChatGPT could probably convert it for you. Just tell it what the purpose of the script is and then paste the code in and see what happens.

@noelbetancourt4531 29 күн бұрын

Clear, easy to understand and very helpful technical analysis. Thank you so much!

@krimlinturhks4651 29 күн бұрын

Always informative.

@Superflow66 Ай бұрын

Awesome video Thank you 🙏🏼

@shahbazimmanuel9859 Ай бұрын

You deserve more views and subscribers bro. Thanks for making a simple to understand video on scripting. Blessings

@TheOriginalPickleRick Ай бұрын

Have you considered a Discord channel. Perhaps we can follow your trades, as part of your paid service. Thanks.

@yieldcollector Ай бұрын

Good idea, thanks. I'll consider that.

@rick7972 Ай бұрын

Anxiously awaiting your next video. I hope all is well on your end!👍👍

@Bru-rs3vt Ай бұрын

Hope you did do the long calls and made ton of money and that is,why we don't see new content. But you have the best material and we hope to see more.

@yieldcollector Ай бұрын

Thanks. I'll be back to making more videos at some point. I just wanted a KZbin break for awhile.

@goldpilot100 Ай бұрын

Thank you for your generous sharing of great analytical tools and strategies.

@Tideo123 Ай бұрын

Wow, that is very good strategy. Thanks for sharing.

@StephenSmith-kp8kh Ай бұрын

Isnt rebalancing essentially requiring a day trade on all securities?

@yieldcollector Ай бұрын

The goal with that feature is to bring it in balance with your desired allocation. So it sells some higher weighted things to buy more lower weighted things. As long as you're not rebalancing daily you should be fine.

@russellmallory8960 Ай бұрын

Thanks for the insight. I'll have to give it a look. I've been liking trading leaps and generally sell leaps puts at the same price that I buy leaps calls to lower the initial credit. Worst case scenario, you get put into shares at a price that you were willing to pay. If the trade goes your way, the put goes worthless, you collect current interest (around 5% on your money) and whatever the call makes you. Keep up the good work.

@philelmo Ай бұрын

Hello! How do you enter credit spreads in the yield collector tracker?

@yieldcollector Ай бұрын

The app wasn't really designed for spreads. It was designed for keeping track of your cost basis for Wheel Strategy trades mostly. So unfortunately it won't be of much use for you for spreads, Iron Condors, etc..

@TheOriginalPickleRick Ай бұрын

I think you might have to sell a few covered calls before the shares are called away. The option price of the covered call would need to be at or above the price you were assigned ( in the Put ) or you would lose money on share price ( the difference between what you bought them/sold them for ). I might give this a go. Thank you.

@yieldcollector Ай бұрын

Yeah you always want to make sure you're selling the Calls above your cost basis. Sometimes you will have to do it a few times before they are eventually called away. Sometimes it happens fast and sometimes you're stuck in a Wheel campaign for a year 😁.

@javamochafrap Ай бұрын

Good video. Most of your etf/ stocks were good examples except Tsla has not been great this year.

@yieldcollector Ай бұрын

Yeah TSLA has been very disappointing lately.

@TheOriginalPickleRick Ай бұрын

Don't you find that the dividends are already built in to the options prices ?

@yieldcollector Ай бұрын

Maybe. But with a good stock, you will make the share price appreciation, plus div, plus option income (even if that is slightly less). Good stocks will usually recover pretty quickly whatever they lost from the div amount.

@TheOriginalPickleRick Ай бұрын

@@yieldcollector Thank you. I notice you don't offer the Trifecta list as a freebee on your web site. Is this part of your paid service ? How much is it per month please. I'd like to try it out as a strategy. Thanks.

@yieldcollector Ай бұрын

@@TheOriginalPickleRick Yeah the Income Trifecta list is part of the premium. It is $8/month.

@TheOriginalPickleRick Ай бұрын

Can you show us an example of this strategy and how it played out ? Thank you.

@yieldcollector Ай бұрын

I haven't made any videos in awhile. But if I ever get in the mood for making videos again, I will definitely make that one.

@Patash7 Ай бұрын

Can we put in a symbol that's not on a list?

@yieldcollector Ай бұрын

Yeah on the custom watchlist page you can add whatever symbols you want.

@Stovila Ай бұрын

Does it allow you to make recurring withrawals by smart selling the basket monthly for example?

@yieldcollector Ай бұрын

I don't think so, although I'm not sure. That would be a cool feature, though.

@aaron6806 Ай бұрын

Ark? Noooop. Not ever, ever, ever

@yieldcollector Ай бұрын

I understand your feeling. But this is the Ark Venture fund www.ark-funds.com/funds/arkvx . If you know of another way for ordinary investors to get access to SpaceX, Discord, xAi, Epic Games, OpenAi, Anthropic, etc then please let me know.

@aaron6806 Ай бұрын

I also understand where you are coming from, but anytime Auntie Cathie is saying things like "democratizing venture capital" I get MORE nervous, not less. She has needed to be creative to torch as much money as she has during a period of overall strong growth, so my assumption is she and the team will work hard to figure out a way for this to blow up. She is gullible and arrogant, and in the half dozen times I've heard her out she has said almost nothing that wasn't pure fantasy. And her track record backs up her mouth. I wish you and anyone else well in this endeavour, I just won't touch her, or recommend her to anyone.

@Patash7 Ай бұрын

Great videos! I'm considering joining. I like that it updates every month. What are the criteria you use to come up with the Wheel Strategy Stock List?

@yieldcollector Ай бұрын

I use price, market cap, stock volume, option volume, and IV mostly.

@Patash7 Ай бұрын

@@yieldcollector thanks for the response!