How I Made $68,289 in 30 Days Trading The Wheel Strategy

[@optionswithdavis]

Get Your Copy of My Strategy Blueprints For FREE: 1) The Options Income Blueprint: optionswithdavis.com/blueprint/ 2) The Credit Spreads Blueprint: optionswithdavis.com/cs-blueprint/

[@TBradFashionModel]

One of your best explanations yet,.....

[@SJLliang]

I tried Interactive Broker Platform, it is so hard to use! What is your opnion?

[@jamesrobert2199]

Sorry, still did not understand how you made $68,289 in 30 Days ? what you traded ? it would be great if you share the actual positions @optionswithdavis

[@matthewkramer8613]

The Bollinger band is also a good indicator for entry looking for a dip on the bottom band. This with the stochastic is great method. Also see where all these values line up with 100 day and other SMA lines. I Like this method of checking valuation online.

[@josephsaeteurn9158]

16:43 is very good advice which i use as well.. sell CSP at oversold.. if it goes down i will sell another CSP and so on.. when it recovers, make more money.. all requires capital. hence, the rich will be richer and poor stays poor.

[@loganeer5274]

Very, inspirational. Thanks for yet another great video Davis!

[@optionswithdavis]

You're welcome!

[@georgemichael5343]

Very detailed video on wheeling. I just the band along with S/R when selling PUTS and CC's. I think the valuation is good, but there are some variables that can change that as well, such as news, earnings, sector rotation, etc.

[@maxcorder2211]

In your example, you used a 17 DTE 40 delta. You got $410 of income. What would you earn in income over one year if you never got assigned and these numbers remained consistent? Assume a 360 day year, divided by 17 DTE = 21 times you could repeat this trade. 21 x $410 = $8,610 annual income. You had to commit $13,500 throughout the year, so your annualized return on capital is 63.77%. Pretty good. If you got assigned from time to time and earned capital gains plus income from covered calls, it would be even better. On the other hand, if you had an account with $135,000 and were willing to commit all of it to this strategy, you could earn $86,100 in annual income. Of course, the risk is a market crash and you are holding NVDA. Then you would still be able to sell covered calls. You would certainly want to diversify your portfolio among other stocks or ETF’s.

[@JayFinanceExplorer]

Love your Video Content!!

[@optionswithdavis]

☺️

[@tiju000]

Great video Davis, really love the way you present everything in a clear manner, verry instructive and you don't hide that the risk management is an essential part of trading options. Got a quick one for you, where do you get the financial graph you use in your presentation ( the one with the revenue and the net income )

[@optionswithdavis]

Thanks ☺️ It's Google Finance.

[@Jean_Tar]

In trading, possessing technical analysis skills is not sufficient on its own; discipline and emotional maturity play crucial roles in achieving success. Embracing the mindset of "time in the market vs. timing the market" proves valuable, especially during market fluctuations. I attribute my growing daily earnings to Sandy Barclays valuable insights and daily trade signals, coupled with my commitment to continuous learning. Kudos to the journey ahead!

[@Jean_Tar]

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

[@Jean_Tar]

@SandyBarclays .

[@oserjenny]

Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!

[@JavierJumbo-jn6jg]

Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.

[@bongogames3992]

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

[@Obutter_Cards]

Awesome video. How does the stochastic oscillator compare with rsi?

[@optionswithdavis]

Thanks ☺️ I don't think there's a big difference. Use the one you're more comfortable with.

[@bejit10]

I really like the wheel strategy videos since it’s my primary strategy in options. More would be great!

[@optionswithdavis]

Sure! See this: kzbin.info/www/bejne/g2TTfo15ip5qgbcsi=ArKpRmaW92vfdTki

[@gregbabin365]

Excellent breakdown, with details that others dont mention!

[@optionswithdavis]

☺️

[@winnepoo9788]

Great stuff Davis thank you

[@optionswithdavis]

You're welcome!

[@24hrstolive27]

Why do u like the stochastic over rsi?

[@optionswithdavis]

Have been using it since over a decade ago so just used to it. Don't think one is necessarily better than the other.

[@flow5718]

Not checking the valuation of the stock was a glaring omission in my wheeling process. I have watched your wheel course and it was awesome. Appreciate everything you do for us 💕

[@optionswithdavis]

👍

[@EntertainMeNow]

So which stock you used in Dec to do your 68 000 and also what portfolio allocation you use per wheel. Thanks

[@3rcapital]

Hi, but, at the end, which kind of asset has been used to do more than 68k?

[@henry.sanchez]

Thank you Davis

[@optionswithdavis]

You're welcome!

[@mybiggrin]

Hey Sir. Thanks very much for your videos. Can you have a look at your microphone? You seem to be getting a low resonant thumping sound. Maybe it's something you can EQ out, or maybe your mic is rattling based on something you're doing when you touch your desk or something. Anyway, very informative videos!

[@optionswithdavis]

Sure will look into that. And you're welcome!

[@pragmatica1032]

Great video, Davis (as always)! I’m curious about your thoughts on using a strangle or a covered strangle as an alternative way to implement the wheel strategy. Would selling a strangle (cash-secured put + call simultaneously) offer similar benefits while potentially increasing premium collection for the same BPR, or do you find it riskier compared to your approach? Would love to hear your take on how these strategies compare. Thanks again for the valuable insights!

[@AJohnson0325]

I would never sell a cash secured put. They can’t beat buy and hold. I also wouldn’t sell uncovered calls on individual stocks. If it blows through your call you’re in big trouble. I don’t generally like calls unless it’s buying deep ITM LEAPS. Most people I’ve seen that make tons of money with options sell options on futures but you need a big account to get portfolio margin and if you don’t know what you are doing you will easily lose everything and maybe even go into debt to your broker. Trading options is already like trading stocks on steroids. Trading options on futures is like trading steroids on steroids.

[@pragmatica1032]

@@AJohnson0325 Yes selling options can definitely beat buy and hold if you take the time to learn how to. Especially in times where the market is stagnant or bearish. Though this is definitely not suited for everyone. May not fit you, and that's perfectly fine. Following a Tasty Trade approach to the T like Davis is generally recommending allows to manage risk much better than with stocks. Not looking to make home runs here, just looking for many base hits. Trading small & trading often using a number of strategies and underlyings is the way to go IMHO. To each investor/trader their own preference. Happy investing!

[@optionswithdavis]

Possible with a Covered Strangle (CSP + Covered Call). See this: kzbin.info/www/bejne/p4ellpaIZsuXh9Esi=gSOWkSbP9fQqSMKC

[@alexpoon9048]

May I know how many stocks you sell cash secured put to get 68K per month

[@inabiyi]

It looks like the size of the account is what is more important for the 68k result, not the number of stocks --- i.e., you may not get his 68k result with a portfolio size of only 100k. Did you see his portfolio size is over 600k?

[@philos212]

Yeah, a lot of these guys are misleading and clickbait. It shouldn’t technically be allowed. There is no way someone gets that kind of return unless they are reckless with the margin or have a sizable account.

[@garystone9177]

@@philos212 that's not true philos. What Davis does is fairly conservative by its nature. I've used several of his techniques with very good results. The fact that he doesn't charge anyone is a good sign. There's no subscription, or private discord etc. Focus on learning, not on criticizing what you don't understand.

[@pragmatica1032]

Davis is showing that he as a 859k account. Would love to know how much excess liquidity he strives to maintain. That will give us a sense of how much leverage he is using without having to disclose all positions.

[@philos212]

@@garystone9177not criticizing at all and I do appreciate that he doesn’t charge anything. It looks like he is one of the good ones on KZbin. However the title is misleading as to make someone think that they can make $68k with a $100k account in 30 days on a regular basis. I’d rather he say it upfront what size account he is dealing with. I am new to this, is it possible to do 68% consistently every month?

[@cmloke3073]

Hi Davis thank you for the awesome video as always, Why not do an outright CC instead of having to cycle CSP and CC? Just to protect the downside?

[@optionswithdavis]

For the Wheel Strategy we do both CSP & CC. See this: kzbin.info/www/bejne/g2TTfo15ip5qgbcsi=HgXD76LlXtJOkzO4 And you're welcome!

[@kcirrred9923]

Thanks David, for the awesome sharing. Notice you didn't mention using the enhance wheel strategy of ratio spread? Is it because of IBKR limitation?

[@marcmichels7106]

Hi Davis. Thanks for letting me know simply wallstreet and the 'valuation tool', didn't know something like that was freely accessible. Is there a defined validity period for such a valuation? Is it updated once a year or after quearterly results or ...?

[@nelauy]

Hi Davis, I Would love to see, (learning propose), with what and how many stocks did you get this gain in a month, how many contracts? Which price levels did you used to sell de CSP and the CC on every stock? How many of the gains was put premiums, how many was call premiums and how many was capital gains. I think that all this details will really help us and apply it using our capital adjusting the contracts, thanks in advance

[@optionswithdavis]

See this: kzbin.info/www/bejne/g2TTfo15ip5qgbcsi=qljdLO6RvpEee0hV

[@nelauy]

@ I’ve already seen it, I think that the videos with Amazon example is one of you best videos, we will love to see one like that one with this month operations details!

[@toddfarrell652]

Good video but I was hoping to see some specific trades you put on since you threw a $50k+ number in the thumbnail. I like your approach with the wheel and the tools you use.

[@Magyar1960]

Davis, what stock(s) specifically used to achieve this great result?

[@peizz8678]

Would be great to see an episode to show performance comparison between your different portfolios.

[@MispelledOnPurpose]

Thank you for sharing your wisdom. It is these tips and tricks that an experienced trader shares that helps. With NVDA 's valuation being so much lower than it's price, I doubt that there is much premium in selling puts way down there. Are you currently selling them down at $101 right now or was that just an example? I've seen many people claiming it is going up to 180's now.

[@won-suhnordquist7694]

can you go over the wheel strategy and the wash sale rule? I would love to try your wheel strategy but I am concerned about triggering the wash sale rule

[@optionswithdavis]

See this: kzbin.info/www/bejne/g2TTfo15ip5qgbcsi=5xtFztUl-VJF37su

[@won-suhnordquist7694]

@ what chapter deals with the wash sale rule?

[@ryannemdjen]

As an investment enthusiast, I often wonder how top-level investors are able to become millionaires through investing. I have a significant amount of capital to start with, but I'm unsure about the strategies and direction I should take to help me generate substantial profits like some people are this season.

[@tanyabischoff]

I’m not in a position to offer financial advice, but given the significant amount of capital you're working with, it would be wise to consult a financial advisor who can guide you in developing a strategy tailored to your goals and risk tolerance.

[@garnold-l5p]

I agree.Based on my personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has seen exponential growth. It's not just about having money to invest in stocks; you also need to be knowledgeable, persistent, and have the strength to hold on during market fluctuations

[@MilaCruz-d5r]

I'm glad I found this conversation. I have cash to invest but am worried about picking the wrong stocks. Can you refer me to your financial advisor?

[@garnold-l5p]

I'm very cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like Laurel Ann Watkins I've worked with her for some years and highly recommend her. Check if she meets your criteria.

[@MilaCruz-d5r]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@vrsce1]

is MSTR suitable for a wheel strategy?

[@BarkandBookmark]

No. Too dangerous

[@danielperkins9347]

Absolutely not.

[@b5patel]

MSTR can wipe you out. Stay away!

[@superiorservices-d8c]

Depends on your risk tolerance, account objectives, and your trading knowledge.

[@danielperkins9347]

@@superiorservices-d8c every beginner says they have high risk tolerance until things blow up in their face.

[@blockaderunner]

Morningstar has a "fair value" of PLTR at $21. I mean, you'd never be able to trade that stock if you go by your criteria.

[@optionswithdavis]

You can always use your own valuation or ignore the valuation totally if you have the fear of missing out on the stock. Ultimately it's your money and you get to decide what you do with it. I'm just sharing what I do with mine 😉

[@blockaderunner]

@@optionswithdavis I appreciate you videos I've watched the majority of them. They add to my arsenal. I've made nothing but gains from your explanations of strategies on IWM. I'm very conservative too, and will usually just ask a ridiculous price on an order to get the $100 to $150 or more premium set and the market may fall on that day drastically causing it to get filled by the volatility increase, thereby giving me almost a no-lose situation.

[@Lhbm01]

Your channel has nothing but great content Davis! Thanks to you I understood the essence of options strategies. I ask you, with what capital did you start doing option trading to reach your current portfolios? And in how many years did you achieve it? Just as a reference.

[@AaronTilt]

Achieving success in trading requires significant effort, as it involves training your mind to counteract natural instincts. It means purchasing when everyone is panicking, selling when there’s excitement. I've been attempting for some time to increase the size of my 7 figure portfolio, but the largest obstacle is the absence of clear entry and exit plans. Any guidance in this regard would be much valued.

[@walkjar-q7s]

Diversifying your investments can help you manage risk while aiming for solid returns. It might be a good idea to explore sectors that tend to do well during inflation, like utilities or real estate. Also, seeking the help of a financial advisor could be really beneficial. They can provide you with tailored guidance and help you develop a strategy that aligns with your goals.

[@Joeknowsball247]

The truth is, the role of an investment advisor can often be overlooked but should never be underestimated. After facing a significant portfolio loss in 2020 during the COVID pandemic while trying to manage my investments on my own, I decided to reach out to an investment advisor. At that time, I had about $126K left in my portfolio. Now, without having to lift a finger, I'm semi-retired, working only 7.5 hours a week, and I'm just 15% short of my $1 million retirement goal thanks to my subsequent investments.

[@Arnold-ic9jg]

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

[@Joeknowsball247]

I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, "Brenda Davies Clarke" turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.

[@Arnold-ic9jg]

Thanks for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon!

[@johnnyang7244]

He started with almost 800k. No one would click it if he said

[@jzgtr100]

8% in 30 days is amazing. Rule of 77. Double your money in 10 months. Not shabby.

[@JowlTalks]

10% in one month is beautiful I wouldve definitely clicked

[@osman3404]

Please a small suggestion, for viewers who already tradiing and know options. would you make videos that skips all the basic optionts overview? Good vid but honestly only 5 mins had the new info on how u trade the Wheeel and Covered Calls ;) I do like your channel though

[@abuyusuf8374]

Very impressive, is there any strategy for somebody who has $ 6200?

[@donnyh3497]

My advice to grow a small portfolio like that is to concentrate on return on capital, and NOT on how much money you can make. For example, I recently bought 100 shares of OPTT for $70. I am selling CCs for $5 for 2 weeks at an appropriate strike price. $5 sounds worthless until you figure that $5 is 7% ROC in 2 weeks! Multiply that by 26 and it is an annual ROC of 182%!!! Any ROC above about 30% is great. Use that mindset and you will do well.

[@abuyusuf8374]

@@donnyh3497 thanks for the tips. The broker (I have used in the past) charges 65 cents per transaction which will eats 26% of the profit. Which broker do you use?

[@josephsaeteurn9158]

im helping my buddy manage his fidelity ROTH account. started with 8,000 in December last year.. 1 month and its up $900.. currently it is sitting at $9010. i trade options on SMCI, MSTU, CONY, i hope to just make $400-$500 per month.. CSP is the best way to start and then finished with Wheel..

[@josephsaeteurn9158]

@@abuyusuf8374 robin hood used to be 3 cents but now gone up more but still cheaper than most broker..

[@donnyh3497]

@@abuyusuf8374 I'm still using robinhood for now. I suspect that when I retire and get really serious about trading for a living I will switch to a better one like think or swim, or maybe use several brokers with small accounts until I figure out which one I prefer. I know that I really don't like webull or tastytrade. When I get to where I'm always doing 10 or more contracts per transaction, the fees won't be as bad. But for now I love the simplicity of robinhood.

[@frankgibbons7339]

Hello Davis, Thank you for your hard work to make this content! It is greatly appreciated. Do you have suggestions for good stocks currently that you think are at good levels to start the Income grid wheel strategy? Thank You.

[@optionswithdavis]

You're welcome! See these: 1) kzbin.info/www/bejne/g2TTfo15ip5qgbcsi=bTMy-fdM5OPl7jMo 2) kzbin.info/www/bejne/fGbdap2FnbeNatUsi=qwjFNKjaUn2bO3Yr

[@parkermeng]

I get assigned and do cover call on MU. Last day it skyrocket mode. Go up 10 dollars way pass my assign point. 😅 Now the wheel is out of control

[@abuyusuf8374]

Are you able to make a video on strategies to make money when the market goes down?

[@optionswithdavis]

1) kzbin.info/www/bejne/ooqveaCda5h8ebcsi=qQkpu6dq4ewM90wB 2) kzbin.info/www/bejne/qH3GlHmqhclgq6Msi=Mtcv4lJc9WOw2FxK

[@joec9649]

Tesla's fair value is $100, so wait to go down for selling CSP? Probably never be able to trade wheels on TSLA

[@SomeoneElsesSomeoneElse]

Let's say you're constrained to like $50k, which limits the amount of high quality stocks (by your definition +rev growth, +eps growth, pos cash flow, etc). If you can't find a stock in the 100-150$ range that meets the quality criteria that is also "fair value" will you just sit on cash in a money market for weeks or months? What would you do with your capital in the meantime? Spreads?

[@optionswithdavis]

Consider other strategies: kzbin.info/www/bejne/rHrIe4trnp5oosksi=cqT_A0TfBpaVDnkS

[@teok6585]

Hi, to make $68243 in 30 days, what was the original fund you started trading with ?

[@loganeer5274]

It's actually shown in the first few minutes of the video. Did you watch the video?

[@danielperkins9347]

It’s 8.5% return. So you can do the math.

[@josephsaeteurn9158]

all the jobs i have, they dont even total up to his portfolio yet..

[@Jennifer-xq2yu]

I Hit $32,590 today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 5k in last week 2024..... now i just hit $32,590

[@MarkRoberts-df8jc]

How did you manage to achieve that level of growth? I've been trying everything I can to improve my investments, I want to retire in a few years and I need a better diversification

[@Jennifer-xq2yu]

Ms Violet Zyaire trading is the best way of making money in the market due to lack of experience which resulted in loosing funds.But miss Violet Zyaire, restored hope shes a good woman

[@akirbenneth]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@JamesBradley-y8h]

Since meeting professional trader Violet Zyaire., I now agree that with an expert managing your portfolio, the rate of profit is high, with less risk.

[@MarufeCanias]

The first time we had tried, we invested €14,000 and after a week we received €50,230. That really helped us a lot to pay our bills.

[@HieouyaAgnèsDoyo]

I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks will be appreciated!

[@fhgfhfhgf]

As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsaoknas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns..

[@SinkSinker-w5w]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market.

[@fhgfhfhgf]

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work.. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

[@SinkSinker-w5w]

Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience..

[@HieouyaAgnèsDoyo]

how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking?