How to Generate Safe Weekly Passive Income with this Options 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/

[@handdle-h2o]

did this with intc without knowing it as it was 50. ish about a year ago and dropped from 50ish to 25 ish and then slowly started coming back up. was selling both the puts and the calls both where there was little likelihood of getting another assignment , always too rolling if need be as to. keep the position from becoming too much a part of my overall portfolio. Got it back to being profitable and still selling puts on it

[@optionswithdavis]

👍

[@saurabhjain7672]

Very imp points highlighted 1. Don’t put your entire capital in one stock for selling puts as then you will have no leverage in case it gets assigned and then you can only hope it reaches your strike price to sell covered calls. 2. Better idea to sell puts on broader index like SPY, QQQ etc. even if it is assigned you can happily hold it and wait.

[@abuyusuf8374]

@saurabhjain7672 - good point but it seems SPY, QQQ, IWM, these are very expensive for selling their puts. If you are assigned, it will be tradegy if you do not have enough funds,

[@thereallyrichone]

If i am trading index ETF like IWM, do you still recommend grid strategy?

[@stanmanmedia]

What you described a few years ago happen to me but not on many CSPs. Great strategy.. thanks!!

[@optionswithdavis]

You're welcome 👍

[@elizabethladyjenski5093]

Hi Davis, Thanks again for such a great video. Would it be possible to do similar but with PMCC, selling OTM calls so min chance of assignment? If so, would you consider making a video on this please? Thank you 🙏

[@optionswithdavis]

You're welcome! Have created a couple of videos on that: 1) kzbin.info/www/bejne/oWOZdmSAbpiDd5Ysi=Nd9P5L_zhswfJ2HG 2) kzbin.info/www/bejne/o5i8c5qijdaapqMsi=ETJBsC_OHG5Bv_9R

[@elizabethladyjenski5093]

Much appreciated! Will watch tonight!

[@lokiasgard6611]

European style weekly option selling strategy... thankyou

[@AmGoWha]

Good video, is there a difference between the Income Grid wheel strategy and the Covered Strangle Strategy, much appreciate your clarification 👍

[@oni5909]

hey could you do a video on the best way to do taxes on options trading but also the best way of saving as much as you can from them? don’t see many people talking about it

[@mandyll]

Great video! Really love your content! a must-watch for me every week. I've learnt so much about option trading from you.

[@optionswithdavis]

Thanks, glad to know that ☺️

[@marineason3989]

@@optionswithdavis me too, thanks for sharing through my email

[@MarkHavermans]

Again a good video Davis that is well explained. A nice insight how to use the wheel strategy in a way I had not heard of. But to keep track of your trades, an options trading journal is indispensable. Could you please recommend a commercial one or do you use your own made journal? And could you do a video on how to use a journal when using this or different strategies? Thank you!

[@optionswithdavis]

Thanks ☺️ I just use a simple spreadsheet. But thanks for the suggestion, will consider creating a video on it.

[@MarkHavermans]

@@optionswithdavis Thanks! Would appreciate it!

[@rsbh8886]

This depends on the price eventually returning to the starting position doesn't it? otherwise you have an unrealised loss on the Puts that were assigned? Although you do get other premium income along the way

[@arielR870]

Is the first level weekly option as well or just the second level and so on?

[@sunghokim4011]

Thanks for another great education video. How far out expiry is recommended? 1 week out? In the case of AT&T, one week expiry even just 1$ OTM put premium is worth only $0.01 - $0.02.

[@shersinghusa]

Low volatility maybe. Just buy options in this case

[@Merlendale]

How do you execute a trading plan with this strategy? If your plan is to deploy $xx capital, and the chosen stock moves higher in price your capital is sitting on the sidelines.

[@marinawong9662]

What is your strategy for choosing the strike price in this case? It seems that you want to be assigned so if there’s a support level, do you use a strike price that’s below the support level (less likely to be assigned) or above the support level (more likely to be assigned)?

[@optionswithdavis]

Already mentioned in my other videos: 1) kzbin.info/www/bejne/mWq1k5SboKiDqpYsi=_IvLM5q3dQsk_Rd9 2) kzbin.info/www/bejne/eGOyeIBvhb9lm9Esi=1npsLGI0P3TJltE8

[@דודסולומון-ט7מ]

Hello Can I trade this strategy with 5k account?

[@jasonc934]

Almost 10K subscribers!

[@optionswithdavis]

Thanks for the support, appreciate it.🙏🙏🙏

[@denniskor3551]

Great!

[@optionswithdavis]

☺️

[@marcomonguzzi3384]

Thank you Davis. Great video. One question: What about selling a put ratio spread instead of a csp? On the opposite I would say it should be better a cov call in any case. What do you think? Thank you.

[@optionswithdavis]

Yup Put ratio spreads are possible as well. Watch these: 1) kzbin.info/www/bejne/m6bYkJStdtKchrssi=ujspAxm29aJzMCJI 2) kzbin.info/www/bejne/r5qcaIitfLuij6Msi=HN4zC8IdUEENqeMM

[@Hello2theworld7]

Thanks,… this was helpful. ❤.

[@marinawong9662]

I think there’s always pros and cons to everything. If you use an income grid will strategy and the market is going up, then you have more money sitting on the sideline, not producing.

[@optionswithdavis]

Already mentioned that here: kzbin.info/www/bejne/mqWYdYuqaqxgipYsi=5co7VAJyck2pol-j

[@KT-zx9jr]

Good day Davis. Where ya been? Good clip and hope the years is going well.

[@optionswithdavis]

Have always been around! Thanks and you too ☺️

[@KT-zx9jr]

@@optionswithdavis Good to hear. Christmas went fast. Crazy it's almost spring. Have a great upcoming trading week! I've been rolling weeklies on a cov call position. to hedge earnings, sold a deep itm ccall n rolled down 2x and now back up. Got to love options.

[@yc1180]

Do you have discord or coaching?

[@ricksiu2840]

While I think this is a good strategy it requires a lot of capital as you have to have enough cash to buy each PUT level if you are assigned.

[@bobbyb2725]

You from Singapore?

[@handdle-h2o]

testing

[@optionswithdavis]

Testing successful 😉

[@Booley11]

Im new to trading my questions is I had a Ford option and was up 366 bucks when I went to sell to close to keep my profits it didn't give it to me I dk why can someone plz help me I have nothing that explains how to close it do I need to change something I dk plz help

[@chimchu3232]

It's because of low liquidity for options, not a lot of buyers and sellers and the prices can swing wildly because of that. If you are trying to sell an option for a set price and the order doesn't fill, it's because there's nobody willing to buy it at that price, so you have to lower your price until you find a buyer. It's pretty common in options trading to have a hard time closing positions because the bid/ask spread can get so wide.

[@josephsaeteurn9158]

not as effective in a bearish market..

[@durairaj1419]

How this will generate weekly income???

[@travisweichal242]

If your selling weekly calls or puts you get premium

[@optionswithdavis]

By selling weekly puts & calls as mentioned in the video

[@handdle-h2o]

find the cheapest stock that has weekly options, SELL a put, look at your account and it'll show the premium you received from said sale. If assigned sell a call for the next expiration do it for the same price that you were assigned, look at your account and you'll see the premium for the call you might even wind up with premium more than weekly

[@durairaj1419]

Ok, but what if stock turned up from level 1? We may end up buying less qty and possible to miss the momentum.

[@optionswithdavis]

Pros & Cons mentioned here: kzbin.info/www/bejne/mqWYdYuqaqxgipYsi=XVMmGXmmvaUQMIuy

[@durabledollar]

Great Video! Keep going! SUBSCRIBED! I have a small channel myself and understand the challenge early on. Would love to connect further!

[@optionswithdavis]

Thanks ☺️