Finding High Yield Stocks For Covered Calls

[@nw6091]

Very helpful video! Thank you for the links.

[@junwangrx]

Great video, can you do a video on management of bear call spreads and bull put spreads? How do you enter into the spread, the management and when to close the spread. Thank you

[@yieldcollector]

Thanks. Yes I will make a video on Credit spreads.

[@RomainPommerolle]

Hi. Thank you for sharing your knowledge. Do you have any training recommendations to learn how start in trading options ? Thank you.

[@yieldcollector]

If you are a Schwab client, they have great free training client.schwab.com/app/learn/#/course/options-beginners-income-strategies . Fidelity has a good free learning section too. This isn't free, but I recommend this training/coaching program optionstradingiqmentoring.com/ .

[@RomainPommerolle]

Thank you

[@gazoo7411]

Hello, I enjoy your videos. Thanks. So, how do you back test option strategies with multiple legs, i.e, Strangles, iron condors, credit spreads ?

[@yieldcollector]

I use eDeltaPro for that stuff. If you have an Option Alpha account, you can backtest spreads, Iron Condors, and Iron Butterflies there as well.

[@ndreravi4576]

thanks man quite intrigued but still don't get it how to choose andwork out chain options price

[@yieldcollector]

Well there is no right answer which strike to choose really. The far OTM (~20 delta) will have the lowest premium, the highest possibility for share price appreciation, and also the lowest probability of assignment. The ATM (~50 delta) will have the highest possibility of assignment, no possibility of share price appreciation, but the highest premium. The slightly OTM (~35 delta) gives a decent premium, has some room for share price appreciation, and has a decent probability of assignment.

[@jimharper3928]

In what ways do you find your marketchameleon subscription of benefit in your trading and investing? Much appreciate your content and your website!!! Thank you.

[@yieldcollector]

As far as the paid features go, I use the "Today's Opportunities" screener to find possible earnings trades and the "Bull Put Spreads" screener. I also really like the "Fair Value" calculator. Those are what I use the most. The free stock screener I use all of the time also.

[@zeusss123]

Great video, i check your website quite frequently for pmcc ideas. Is it possible to add the date when watchlist was created and the next update date?

[@yieldcollector]

Yeah maybe I'll add that. I update them on the 1st of every month.

[@fabiGBOtown]

I forgot to add that I can't find a paper trading platform that lets me work with the wheel, wondering if you know of one. Thanks again

[@yieldcollector]

ThinkOrSwim from Schwab has paper trading. You can trade the Wheel there.

[@fabiGBOtown]

My goal is to build up to 100 shares of spy in my roth but I started late and can't contribute the cash to buy it yet. This question is 2 parts, should I buy iwm or a specific stock and write covered calls to build up to it faster? My second question is something I just learned yesterday from spyi, I learned that they write cc's otm @2% on spy, I always write based on delta values but I feel like this 2% OTM strategy could work. Could you tell me if you would consider this 2% OTM strategy or is it a loser's bet for a retail trader to get involved in? I've been searching for a while now how to write 1,2 and 4 weeks ccs on spy but never heard about values vs delta until I read spyi's strategy. Thanks and sorry for the noobie question

[@yieldcollector]

If you can't afford 100 shares of SPY right now for Cov Calls, you should have a look at the XLK ETF. I definitely prefer XLK over IWM. As for your other question, I usually choose my strikes based on deltas, so I am not sure if the SPYI way is better or worse.

[@fabiGBOtown]

@@yieldcollector thank you very much. I wait all week to ask these questions when you release a video lol. I appreciate it

[@fabiGBOtown]

I also use yield collector to keep track of the trades, wondering if there's a way to export as csv or into Google sheets

[@yieldcollector]

After the trade campaigns are "Archived", then in the "Archive" page there is an "Export to CSV" button. This will export your Archived trades only, but not your current open trade campaigns.