Buy LEAPS Options. Explode Your Portfolio.

[@AverageJoeInvestor]

*Happy National Cat Day & National Hermit Day! Make sure to leave your $0.02 in the comments! I always appreciate your feedback! Have a great rest of your day!*

[@ptdeep51]

Not coincidental that National Hermit Day is the same as Nat Cat Day. Seems they go hand in hand!

[@njoy8888]

Hi Joe would you sell daily or weekly covered calls on say 70-delta 6mth or 1 year ITM leaps on SPY or IWM ?

[@akirasuzuki8378]

How far in time for LEAPS? you said as far as you get? That is a bit confusing. Based on your backdated research, what is a good option? 1 year? 1.5 year? 2 years? or even longer?

[@Riggsnic_co]

The average stock in my portfolio has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this market?

[@Jamessmith-12]

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor.

[@JacquelinePerrira]

I agree, having a financial - advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

[@kevinmarten]

I'm pleased I found this conversation. If you're comfortable with it, could you share how I can get in touch with the advisor you rely on for your investments?

[@JacquelinePerrira]

'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@JacquelinePerrira]

'Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@TommyChong677]

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 and first half of this year with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

[@VanChuong-on2gh]

Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunde

[@RolandWingo]

The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market

[@HarunTosun-wg4rc]

Your advisor must be really good, how I can get in touch with them as my porfolio isnt doing well.

[@RolandWingo]

CAMILLA MARIE FULLER... has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@HarunTosun-wg4rc]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@Madridstrat]

To be kinda blunt, I am giving up on investing in stocks... I put between 2000 to 3000 a month and it's nothing but down down.... Sooooo frustrating and I only invest in boring big companies. How can I capitalize in such a market?

[@Bunnydrille]

Great Buying opportunities today. Embracing pullbacks and correction is key. This is where the money is made!

[@JesseMayhill]

Absolutely! Wealth is made in bear markets. We aren’t in a bear market, but nibbling heavy red days has proven to be fruitful for me over 4 years of investing. I am at 2.25 mil. Biggest positions VOO, VTI, SCHD, VYM, and now looking to build up DRGO alongside finding quality value/growth stocks to buy. I got $48k divs last year in taxable divs. Q2 taxable divs this year was $17,388 this year. Don't sell when the market is down. Having a skilled CFA that puts the time in to do in-depth research can be invaluable in strategizing your portfolio.

[@ThomAlexanderGmaan]

Can I try this? I need one to review my portfolio but anyone who is fee-based is hard to find and usually have a heavy workload. Would you be comfortable sharing a recommendation if it's not too much problem

[@JesseMayhill]

Her name is Melissa Elise Robinson Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@JesseMayhill]

"Melissa Elise Robinson" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@venuswealth6]

Hi Joe! Thank you for teaching the concepts in simple and practical way. I learnt call/put options selling, buying LEAPS options through your videos!👍🏼🙏🏼

[@PatParvum]

Hi Joe. Thanks for this video on LEAPS. But havent covered these already with your PMCC experience

[@catchihandle1821]

In addition to the LEAPS, your selling calls (PMCC),,,can you talk about what to do if your call go in the money?

[@AverageJoeInvestor]

@@catchihandle1821 great question. In this specific context, I wouldn’t be selling short call options. I’m just holding the Leaps Contract for 1 year then rolling it. As to your specific question though, IF you purchase a LEAPS contract, sell covered calls and are DEEP ITM on a short call, I’d personally ROLL the call option out to a future date and hopefully up and away to safety. This MAY REQUIRE a NET DEBIT at times. Just my $0.02 though. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎

[@bad_financial_decisions-v1l]

I was under the impression that LEAPS contracts were only 50% cheaper than just buying it. It probably depends on how far out the contract is and how in/at/out of the money you are. I kept waiting for you to say, "and now you can sell far out of the money covered calls." I definitely have to do more research before upgrading my Robinhood to allow LEAPs

[@Labbernese77]

Explode your portfolio, nice choice of words...

[@huntercarignan5309]

Would love to see another video like you did 8 months ago backtesting covered calls on Coca-Cola. Extremely interested in what QQQ or SPY daily or weekly covered calls would look like! At the end of the day where you turned 100 shares of Coca-Cola into 108 shares seems like the most valuable piece of information- proves how much your account is really growing irrespective of how much the stock price has gone up/down. Love your videos and especially the backtesting content!

[@HodgeChris]

My portfolio doesn’t just cater to dividend stocks. I hold $VFIAX (S&P 500 index fund) in my Roth IRA and $VTI (Total Stock Market ETF) in my taxable brokerage account. Two of my largest holdings. The individual dividend stock positions all complement the index holdings.

[@Justinmeyer1000]

Thats when you hire someone to manage your money. You need a (CFP) straight up! personally, I would invest in ETF's and also love investing in individual stocks.

[@carssimplified2195]

I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.

[@KaurKhangura]

Your advisor must be really good, how I can get in touch with them as my porfolio isn't doing well.

[@carssimplified2195]

‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@KaurKhangura]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@bluefreeskyforeveryone]

Do you suggest buy leap far away in the money and than execute contact to buy that shares at strike price?

[@KT-zx9jr]

Nice clip Joe. Are you a buyer of spy or qqq leaps at present? Despite high levels, markets could continue to run for some time with rates coming down.... Thank you.

[@citizenm9590]

For education purpose whats your highest conviction two stocks if you were to do leaps as of today?

[@dandans9060]

Great video, I’m very interested in dipping into leaps with ITM spy , however will wait for the next dip - thanks for the great and simplistic breakdown

[@maoshanzheng2326]

Can this strategy use only for spy? Can this work on other index etf?

[@Anthony-vd3qn]

And you can also sell covered call on them too!

[@AverageJoeInvestor]

@@Anthony-vd3qn yes you can Anthony though within this specific strategy CAPITAL GROWTH, I probably wouldn’t. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎

[@bluefreeskyforeveryone]

Special thanks 🙏 for back testing and comparing performance of Leap and stock. That was very important.

[@hl7843]

At 7:46 left column, 3rd line from the bottom, you mean $19,150 - $6,400 = $12,750 right?

[@AverageJoeInvestor]

Correct 🤦 The math is correct just typed it out wrong, LOL. Thanks for keeping me honest!

[@geraldwilson727]

So is that the price you pay for the shares at expiration or do you sell the contract before expiration

[@AverageJoeInvestor]

@@geraldwilson727 GREAT QUESTION. Remember that call option contracts give you the RIGHT but no obligation to buy shares at a specific price. In the example I give, I speak about selling the contract for a profit as opposed to exercising the contract and requesting the shares. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎

[@SummitMan165]

Interesting video ! I’ll have a look at your next on leaps options !

[@johnp7739]

Heather Cullen's ITM books also cover buying LEAPs (as a proxy for index or even leveraged index funds). She also explains a simple timing system she uses to stay out of long-term bear markets. She does this instead of buying puts like Travis in the 10 Minute ebook.

[@AverageJoeInvestor]

@@johnp7739 very interesting! Thanks for leaving that in the comments! 👍😎

[@LMF-ct4lt]

Do you ever sell cash secured put leaps at 14-20 delta?

[@jmunn44]

I’ve looked into leaps in spy extensively. The calls are approximately 50% to 100% more expensive than the puts, I have alway wondered if you could build a strategy around that and or maybe sell calanders with the put protection

[@TraderTravis]

I'm honored. I feel bad for giving you a hard time on X now, LOL (facepalm). Great video and I wish you many profits in the years to come.

[@AverageJoeInvestor]

@@TraderTravis thanks Travis. Don’t give it a 2nd thought. I have a thick skin and I’m always open to feedback. 😉

[@rolandosouffrain7957]

When u buy a call. Does that mean at expiration u have to buy SPY at the strike price?

[@AverageJoeInvestor]

When you buy calls, you never HAVE TO do anything. Obligations are on the seller side of options. You can let it expire worthless. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎

[@clarkminer8650]

Nice intro 🔥

[@devinfff8537]

Average Joe. Right now is likely not the time for leaps. Youve been pushing it hard. Here, is what I do, I'll give you more info if you want. I love leaps. BUT, I invest into the indexes like everyone else. Now, when there is a market downturn, I slowly sell off for a loss (to realize later), and purchase the furthest out leaps at the current just above the money leaps. 2018, 2020, 2023. It has worked great. I love your channel btw, but am in a different phase of my investing cycle. But we aren't too far apart 😊.

[@AverageJoeInvestor]

I don’t necessarily disagree with you. I like the idea of holding cash for dips of AT LEAST 10% but am still refining that. Suffice it to say that I’m not running out right now and snagging LEAPS at all time highs. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍

[@devinfff8537]

@AverageJoeInvestor best of luck man!

[@wyatt-q4]

I am grateful for this informative video. I think there is a higher chance that BTC and ETH will retest resistance and then fall. But as always, things change every day and all we can do is act responsibly, monitor the markets and re-evaluate our strategies regularly. I would like to thank John Preston for being my source of crypto education as I comfortably earned 3.7 BTC..

[@catherinelyng1353]

Please how do I go about it, am still a newbie on investment trading and how can I make profit?🙏🙏

[@wyatt-q4]

HE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

[@wyatt-q4]

@Coachpreston ⭐⭐⭐

[@catherinelyng1353]

Thanks for the information... I will contact him as soon as possible. I also want to gain good knowledge and stop losing...☺🙏👍

[@fredd-w2b]

Bitcoin is going crazy these days but if you are smart you should know that it is the best exchange especially under the right guidances ..

[@dgarza421]

Leaps have so far imploded my portfolio.

[@AverageJoeInvestor]

@@dgarza421 thanks for sharing. How did you structure them? How far out? What stocks/ETF’s? What was the management protocol for them? THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎

[@rssharma9]

This is gambling, pure and simple. I don't think it's such a good idea. What if a war comes along and the market crashes?

[@mattmac5618]

if war comes your money wont be worth anything anyway

[@azl3635]

If "gambling" just means "the unexpected can occur and have unpleasant consequences," then sure, it--like everything in life--is gambling. Now, if you have figured out a way to get through life in an entirely risk-free manner that will thrive in a relentless apocalypse, I'd be interested in hearing that. Otherwise, providing insurance for those who don't trust the long-term positive skew of the American economy seems as good a business as any.

[@matthewvanwert1581]

Isint a leaps option just 1/2 of the poor mans covered call which most of your recent videos are about. woy would you not just do a leaps contract and then sell covered calls with that contract to generate money that could be used to offset your loss if your contract does expire worthless in the end if the price drops?

[@AverageJoeInvestor]

@@matthewvanwert1581 GREAT QUESTION MATT? It comes down to why are you buying the LEAPS contract? trying to generate income? Then sure you Can Sell covered calls for income. The context for my contract would be: Believe in the S&P 500 long-term and just hold the contracts for 1 year then ROLL. This type of strategy would be incorporated into my CAPITAL GROWTH STRATEGY which is essentially retirement. THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎

[@matthewvanwert1581]

Thanks ​@AverageJoeInvestor for your response I have learned a lot from your content and appreciate the time you put into making these videos and data compilations and graphs.

[@Jay-xb6nc]

Sometimes LEAPS are very profitable; sometimes you lose most, and maybe all, of the premium you paid. Remember, your LEAP will rapidly lose time value in the last 30 days before expiration. If you're not showing a profit by that time sell - and GET OUT.

[@Kk-iw4ck]

Only bad thing about leaps is you don’t get anything if it keeps falling 😅

[@philippagliaro6314]

Now your on to Leaps - Why not teach Black Jack ?

[@AverageJoeInvestor]

@@philippagliaro6314 LOL, it’s NOT On To LEAPS. They are being incorporated into the BUY and HOLD Portfolio. Thanks for assuming though. 😜 still an option seller and I’m also pretty good at Black Jack. THANK YOU for watching and for leaving your $0.02 in the comments! 😎👍

[@joeblstrn]

I think the more strategies you learn the more opportunities you have to make money

[@Kk-iw4ck]

😂

[@freddiearthur2151]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[@chesterstanley8487]

I'm 37 and have been looking for ways to be successful, please how??

[@freddiearthur2151]

Sure, the investment-advisor that guides me is..

[@freddiearthur2151]

Elizabeth stark

[@kathyfrederick7172]

Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark

[@henrymartin9168]

Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

[@spyross2391]

No you can not make money from a book with 10 minutes on the title. Also if he was so profitable he would not sell books and be a youtuber. This strategy does not work.

[@TraderTravis]

Do you know that for a fact? Or is that your opinion? Here's a secret, those of us using it already know you're wrong :) I dare you to prove it, implement what's taught in the book for 6-months and then come back to let us know your results. Spoiler alert: you'll see that it works as described in the book.

[@natesci]

Leaps don’t make sense after the market just gained 25% in the last year.

[@AverageJoeInvestor]

I can appreciate where you’re coming from @natesci - there’s nothing wrong at this time with holding some cash on the side though and waiting for a dip. 😉 THANK YOU for watching and for leaving your $0.02 in the comments! 👍😎

[@TraderTravis]

@@natesci It makes cent$ for me :) Read William J Oneil's books to better understand why buying at all-time highs is not as bad as people think. It's counterintuitive, but it works.