Generate Safe Weekly Passive Income (Wheel Option Strategy for Beginners)

Discord/Coaching - options.invest...)
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𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!

[@austinbar]

Strong BUY. Still early innings. NVIDIA is the dominant leader in AI and the preferred technology partner globally. Even w new competition on the horizon, NVIDIA is far ahead of the competition. 85% market share. 76% margin. Unrivaled demand for new Blackwell chip. Demand far exceeds production for Blackwell through to 2025 and beyond. No competitor has anything close to Blackwell. And forward P/E is about 33 (cheap for a high growth stock). Buy this stock and wait. You will be rewarded.

[@rogerwheelers4322]

This is Interesting because i bought NVIDIA around September last year. The company is selling shovels in a gold rush. It accounted for almost 80% of my market return last year, and I'm sure this year will present other interesting stocks.

[@joshbarney114]

When it comes to investment, diversification is key. That is why I have my interests set on key sectors based on performance and projected growth. They range from the EV sector, renewable energy, Tech and Health (AMD) alongside coins, and gold. I'm also working on an investment plan with my Fin. Advisor that includes AI looking into Nvidia, MSFT, Alphabet stocks among others. I've been utilising a financial advisor for more than 15 months now, and I've made over $800,000.

[@FabioOdelega876]

I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@joshbarney114]

Finding financial advisors like Marisa Michelle Litwinsky who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@FabioOdelega876]

Thank you for this tip. it was easy to find your coach. and I conducted thorough research on her credentials before scheduling a call with her. Based on her résumé, she appears to possess a high level of proficiency, and I am grateful for the opportunity to speak with her.

[@Theresaa12]

Great video. I'm looking to start investing in the stock market and other asset classes with $60k this quarter. Should I focus on index funds or individual stocks? Preferably want the route with the best return in investment. Thanks!

[@RickWatson-xu6gw]

Index funds are a safer bet to start. They offer good diversification. But individual stocks could make you a fortune if you know how to go about it. Some people make upper six figures yearly from investing alone. But it's always a good idea to work with a financial advisor. It raises your chance of profit by a lot.

[@A_francis]

I agree with that. I netted more than 300k in 2020 by using a financial advisor, despite COVID and the elections. It was like discovering a life hack.

[@benitabussell5053]

Wow, that's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with?

[@A_francis]

Her name is *Marissa Lynn Babula* You can easily find her information to arrange an appointment.

[@HarrisRyan-oy8eo]

Thanks for sharing. I searched for her name and found her website. I reviewed her credentials and did my research before contacting her. Thanks again.

[@amillionairenextdoor5813]

I started doing the wheel in January 2022 with $30k. I had no prior options experience. I'm now making $12-14k per month selling CC and CSP. This has allowed me to retire early. Selling options has been a financial game changer.

[@dk-ku4tc]

Proofs?

[@knowthyself690]

Much Love Henry. I will remind viewers that 5% a month on an account is approx. 80% ROI over 12 months. The consistent percentage is the KEY. $1K plus 80% is $1,800. You do the math after 10 years, My Guy. You have given Us all a viable way to get 4-6%. Thank you.

[@LuceWilliam-ir9mg]

We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@jasmineortiz5551]

Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

[@nealremy6635]

Thats sad you really hurting. But, what about people that don't have a $1000 dollars or living pay check to pay check. And Kamala taking their tax dollars to feed illegals, Medicare and social security. And to mention $25,000 to build a home. Maybe you should give them several grand of that $680, 000 to build them a home. Vote Trump and fix the problem.

[@AnthonyKilgore-u7r]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

[@AnnabelMiles]

Could you possibly recommend a CFA you've consulted with?

[@AnthonyKilgore-u7r]

Her name is *Layan Talia Chokr* . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@lopaul4351]

Even for big corps like META they could easily crack down 10, 15% a day at the earnings. Beginners should be very alert on upcoming sensitive dates…

[@glennt8687]

Thank you for taking the time to make this video it is very informative and it's obvious that you want help traders increase their income.

[@james12919]

Thank you for all the knowledge and nuggets you had thrown my way over the last months for a $113k total profit. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.

[@michael12510]

I would really love to know how much work you did put in to get to this stage.

[@james12919]

Mary McDonald's strategy has been instrumental in helping me navigate the past few months. Without it, I don't think I would have made it through

[@JordanSmith-f9r]

Please, how do I reach with Mary mcDonald? I would appreciate if you show me how to go about it

[@james12919]

She mostly interacts on Telegrams, using the user-name.

[@james12919]

Mary913 thats her user name

[@librisc]

Ce fain ai explicat. Mii de multumiri, fratele meu Moldovean!!!!!!!! Sa stii ca daca cauti o fata de familie pentru a-ti face un viitor....trebuie sa te intorci acasa in Moldova. La noi mai sunt fete si oameni la locul lor cu frica de Dumnezeu. Astea din Vest sunt aiurite rau de tot.

[@bobgesumaria6148]

Hello Henry, I have subscribed and followed your videos for about a year now. I am a small investor but I have done well with your financial advice. Thanks so much and God Bless you. -Bob

[@KrispyKremePies]

I learned so much. Thank you

[@aat3tville181]

Henry thanks as always I just sent this to a few people. I am few years into my wheel and really enjoy this strategy

[@Steve-be2tj]

Which are the 15 stocks in your portfolio?

[@macman231]

Henrey What do you think about DAL since it has 4x the market cap, actual positive income as opposed to negative w/ AAL and they both have a similar Forward PE?

[@lucya5095]

Hi Henry Ive been studying and learning as much as possible. Hoping to go live soon. Any demo accounts you would recommend. Thanks

[@ShawnBlyth]

Hey Henry, appreciate the great content as someone learning to do the wheel strategy. Out of curiosity, is there a best time of day or buy/sell contracts? At market open, before close? Also is there more risk closer to earnings season?

[@817sports]

@@ShawnBlyth options tend to be slightly more when the market opens than when the market is about to close. So selling your option in the morning makes the most sense, and closing during the last trading hour. There’s more important factors however that affect price. Such as macro technical and fundamental analysis

[@terifong9816]

Rewatching, thanks Henry

[@malibudan]

Great info henry, Question, since 30 day option is now paying 5.45 at the 116 strike .46 delta it seems the 30 day options would pay better as you could repeat in 30 days collecting almost 1100 dollars after two month instead of a single 60 day contract which pays 830.

[@jeffreydemaeyer352]

But you have no idea what the price’s going to be in 30 days

[@ernestemerick1340]

Very informative and easy to understand. That being said, I am a beginner, and your tutorial still leaves a couple very important questions unanswered. First of all, what happens if the market crashes when you have a number of open put contracts. Using NVDA as an example, what happens if by the beginning of November it is down under the strike price? Suppose it craters and you wake up on Monday morning and in pre-market, it has gapped down to 100? How do I protect myself from this scenario? Could you please make a video on how to set stops to protect myself from this sort of scenario?

[@PapaLoloJames]

If you are still far from expiration you can wait to see if it recovers. If close to expiration, I believe the answer is to roll. Henry says 30 and 5. 30 days and $5 down in strike price on a CSP.

[@thomasfranta7028]

How do you find the best premiums?

[@eBargainsToday]

Hi Henry, love your videos. What do you thing about doing the wheel strategy on ETFs like VYM that pay dividends? Wouldn't that be even better due to the dividends? Thanks!

[@auboisdaline]

Honestly, this situation makes me uneasy, especially with the potential economic downturn. I'm not just concerned about a recession but possibly even a depression. With this uncertainty, I'm unsure about how to structure my $130K investment strategy for generating reliable passive income from stocks.

[@petecorda]

I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.

[@phuc2583]

Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.

[@muizdh]

Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.

[@phuc2583]

Her name is Bonita Jeanette Rodriguez. You can easily find her information to arrange an appointment.

[@muizdh]

Thanks for sharing. I searched for her name and found her website. I reviewed her credentials and did my research before contacting her. Thanks again.

[@MissSentimental-Asmr]

So you do not have to buy first in order to sell put?

[@terifong9816]

Thank you again, I learned the lesson , when the sell put contract in the money, I was panic and rolled the contract to early

[@SRIKANTHA-we9mb]

I always do that mistake 😂😂😂

[@PapaLoloJames]

Why roll a sold put? unless deep in the money, Get assigned and start covered calls.

[@SRIKANTHA-we9mb]

@@PapaLoloJames that’s the mistake I did due to panic seeing negative value

[@terifong9816]

@@SRIKANTHA-we9mbthanks

[@terifong9816]

@@PapaLoloJames I learned the lessons, now I am holding the contracts to get assigned for Tsla and nvda

[@MattTequilaBitcoin]

great info Henry, I'm in your Discord too.

[@TheHydrofoilChannel]

How do you join the discord

[@ShawnBlyth]

What are your thoughts on selling puts out farther into the future on high conviction stocks in order to collect that higher premium? For example a stock like PLTR which I believe is a bit high right now (my FMV is anywhere from $28-33), however I think in 6-12 months and beyond the price will be the same or higher. Example - Exp 9/19/25, $35 strike, $5.45bid -- seems unlikely, PLTR would drop all the way to $29.55 for breakeven, and at that price I would happily buy more shares. I understand there is duration risk as its hard to predict that far out, but just would love to know your thoughts on these situations as I plan on holding PLTR for long term (3-5-10yr), unless there is a major change.

[@imatimetraveler5760]

Do you have a strategy for a long hold for a (buy call). Or any ideas 🤔💡

[@Jbig1430]

You can try a put back ratio spread it works like selling a put but it gives more credit if price stays flat. An if price does dropped to be assigned it gives you a much lower cost basis. Then just run it like a wheel

[@MonkeyClub]

Do you invest in gold and silver?

[@korova2000]

🤔 this is really works. Thank you Hanry

[@wheelwithwilson]

AAL and NVDA will have earnings that's why the premium is so high...seems extremely risky to sell ATM puts for those expiration dates.

[@BigAllenTravel]

the strategy also good for crypto? like ETH or BTC

[@nataliehotta3161]

Hey Henry! What do you think about selling puts on BA now? Mahalo from Hawaii.

[@ChristopherGiles-vi8sf]

Excellent video

[@mainormarroquin4658]

wich broker u use

[@heazty]

Thank you!

[@rnelnj44]

Curious to know why you trade specifically on Robinhood and not a platform such as Think or Swim.

[@PapaLoloJames]

I’m using TOS but thinking of using RH solely for options. IMO, RH has a simpler interface.

[@rdvpr]

Do you have any video on leaps. What happen if i own a leap and sell a cover call that hit the strike price? What should i do? Thats my bugger fear on leaps.

[@rdvpr]

@@AreteTrading-Channel3 jaja nice try. You are not henry

[@macgregorleo455]

Great wheel strategy video.

[@mangeload]

Wheeling & dealing the Henry way!

[@nizwin11]

What if my covered call are exercised for pltr, then I would lose the stock and potential upside ?

[@WeAreTheMetaLoL]

You can roll out your covered call to a later date and higher strike price. Also, you can sell slightly out of the money puts at a support level to get the PLTR shares back or at least make some extra income.

[@muratcaglaroz6630]

If 1 stock rise %200 in a year, What is our strategy? If we win %2 monhly with selling puts we win only %24. Am I wrong? Holding stock is more lucrative.

[@weaverdreams]

If you can pick the stocks that are going to go up 200% then yes. But even Warren Buffett cannot do that.

[@frankwilson7716]

What do you think of XOM for the wheel strategy?

[@frankwilson7716]

I just started with options, close to retirement and your videos are very inspiring. Just don’t want to make big mistakes on stocks.

[@Joe-og8um]

I need enough cash in my account to purchase 100 shares. That money is held until the option is closed?

[@rdvpr]

Yes, thats the collateral its released when the option expire.

[@MichaelBubnis]

After a headline-making stock market crash last week, if you didn't panic and simply did nothing then you'd be up more than 5% this week. If you are an Nvidia shareholder, you'd be up 11%. That is how the stock market works.

[@JonathanNile-p6v]

I think the next big thing will be A.l. For enduring growth akin to META, it's vital to avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.

[@MarkDay-c8c]

A lot of folks downplay the role of advisor until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K

[@JenniferHunter-b4r]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@jaysports0504]

Selling put options is for bigger accounts. What about for smaller accounts?

[@_bm1tv]

can still sell puts on cheaper stocks

[@jaysports0504]

@@_bm1tv yes sure, but your options are limited especially if you get assigned. You want it to be quality stocks.

[@PapaLoloJames]

Another idea is a long call aka leap option. This allows you to essentially buy 100 shares at a cheaper price today and start doing covered calls to generate income. Henry has done a few videos on “leaps”

[@glenseeberger2019]

Im from philly! Lmk if u ever wanna grab lunch sometime!

[@sunnycaliofficial]

sup boss, cali luve get ya money up learn and observe

[@truckinforever985]

Challenge - Give us a trade to make money to get a one on one coaching

[@daimu7971]

Why would anyone need coaching this method is so simple people save your money

[@sparkles78]

Nov 1st from Sept 22 is 7 weeks not a month LOL

[@SophiaChloé6f]

As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

[@LincolnFelix-s4z]

Well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.

[@AbigailOliviaq4l]

People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.

[@GraysonNathan-v8y]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@AbigailOliviaq4l]

NICOLE ANASTASIA PLUMLEE 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.

[@AbigailOliviaq4l]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@TrentCavalli-v8z]

Great content, as always! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?

[@ThyKingz]

i love this video!

[@stewtabaker]

Thanks for the good summary! Now is the perfect time to start buying stocks and crypto( BTC ) if you are just being introduced.. I really wish I started earlier. I’m learning this doesn’t have to be as complicated as some people make it out to be. The Emily Lewis Program for helping me get into her trading server and investing guidelines. Investing and trading are more than just having TA skills. There is a big component of discipline and emotional maturity, that one has to work on! Time in the market vs. timing the market. If you keep that mentality as an investor, you will stay calm during the storm! Within some months I was making a lot more money and have continued on that same path with Emily

[@Asher-x8k]

I appreciate the professionalism and dedication of the team behind Emily’s trade signal service..

[@stewtabaker]

she's mostly on Telegrams, using the user name..

[@fostg]

Emily Lewis Crypto knowledge is like a secret recipe for success…

[@GalileoLaderoute]

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.

[@JohnCarl-c7w]

Profitable trading requires experience, a solid strategy, and preparation, which we lack. Understanding buy/sell ratios, identifying market leaders, and diversifying are key to reducing risk.

[@natamar24]

How much is the 1:1 coaching?

[@InvestwithHenry]

several thousand and it's for folks that ideally have $25k+ or $50k plus that want to retire

[@DanReynolds-qj2wv]

Thank tou Henry for your great knowledge sir I really appreciate the dedication in each video you post. I would avoid the index funds, mutual funds or specific stocks for the time being, Bitcoin is the safest bet for now, Regardless of how bad in the economy I still make 12k from my Investment

[@GeorgeChristensen-vr5xb]

Most people think, investing in stock market is all about buying and leaving it to rise, come on it takes much analysis to be a successful trader.

[@Kathy-q1d]

The key to success is finding a set of rules you can follow consistently. I make an average of $15k per week even though I barely trade myself.

[@Davila-r1f]

My portfolio has been going down the drain while I try on my own, I just don't know what to do,is there anyway I can reach your mentor?

[@DanReynolds-qj2wv]

she's mostly on Telegrams, using the user name

[@DanReynolds-qj2wv]

Mila Wilfred this is her user name

[@guitardantrades]

Theta gang!! 💪

[@817sports]

If you really want it to be for beginners you need to shout out stocks that are under 20$ a share

[@liszt77777]

NVDA to the moon

[@MdMehediHasan-ks4bn]

Hello Do you need a professional designer for top-quality KZbin thumbnails?

[@MdMehediHasan-ks4bn]

@InvestwithHenryy-cChannel Do you need a professional thumbnail designer??

[@Rain-sc3jl]

🙌🙌🙌

[@alitaqi4240]

100k woll generate five figure monthyl....hard to believe

[@Beer-Money]

KZbin money must be good, these people will say anything to get that money

[@PapaLoloJames]

It’s possible. Granted I do not have $100k cash to try it but I did just sell NVDA put at $115 expiring in 5 days. Generated $216 in premium. $216/$11,500 = 1.87%. $100k would buy 8 contracts * $216 premium each would be $1728 in premium in one week. If you don’t get assigned and you repeated that each week, could easily make $5k per month on $100k. Even if you have to buy the 800 shares, just start doing covered calls to generate income. EDIT I see you said 5 figure not $5k. Sorry about that. Well $1728 per week *4 is close 😛

[@txguy1973]

Averaging a 2% return per week is possible and actually not that difficult if you follow some simple rules and focus on process over result. I've had weeks where I got 2%+ selling puts, days where I've gotten 100% buying calls, months where I collected 2%/week from spreads and long stretches where I made almost nothing. Occasionally you'll have to take a loss but that's where risk management comes in. I've been managing an account since August 5th this year that I'm comfortable saying will be up over 30% the end of this week despite taking a loss and closing a call that should have been allowed to run.

[@metalmagic9845]

Where did he work before? Did anyone catch that ? Lol

[@WyattJBoeker]

Can you help me Henry and donate to helping me pay for college? I would be so open to mentorship but am currently in the military and am looking for a way to increase my income but don’t have enough capital to make relevant gains.

[@InvestwithHenry]

I donate to animals my mom has a shelter.

[@WyattJBoeker]

An animal with Venmo wyatt-boeker

[@WyattJBoeker]

Can I dm you on insta?

[@scuzzyfpv]

In the military but asking for college money donations 😅

[@anovel3876]

If you are serious about going to college, there’s multiple options for an active US Military member, Tuition assistance and funding via military friendly schools. As a veteran there are other options. Speak with your career counselor or your chain of command for direction. I hope this helps…

[@getsugatenshoFTW]

Hey Henry, you're recycling videos more often now. Switch it up a bit

[@hulkhoganwwf]

I disagree ive been wheeling for 6 months with real money. Its good to see updated videos of the same strategy im using concurrently.

[@johncaracciolo8368]

Henry, I wrote you a personal note on the only email I could find for you. Apparently the email address wasn't active because I didn't receive a reply from you. May I ask you to provide me with an email address for you through which I may contact you with a personal/private message? Thank you. John