I Found The SIMPLEST Way to Be Profitable Trading Options (For Beginners)

[@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/

[@DollarswithDiana]

Thank you Davis for sharing this tutorial ☺️

[@optionswithdavis]

You're welcome!

[@jerrycampbell-ut9yf]

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.

[@Peterl4290]

Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary

[@larrypaul-cw9nk]

Excellent! I really do have a question. As a beginner interested in trading. How would you recommend we enter into trading ? I will greatly appreciate any suggestions

[@sabastinenoah]

A lot of folks downplay the role of advlsors 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...

[@Jamaal67i]

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.

[@sabastinenoah]

Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@kortyEdna825]

I've invested primarily in dividends for a very long time. This is not to say that I do not own growth stocks-I do. A well-rounded portfolio has to include elements from both areas. Maintaining a sizable cash cushion is one technique to reduce the stress associated with stock market trading. Although I invest in the market, I never use all of my funds there.

[@NicholasHarmon-ow3jl]

Instead of reinvesting in the same stock, I occasionally utilize my dividends to purchase additional income and growth stocks for diversification. But to each their own ways. What matters is that you're investing in the first place, which is a positive thing.

[@KaurKhangura]

Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@NoorJari406]

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

[@KaurKhangura]

‘’Aileen Gertrude Tippy’’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@NoorJari406]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@VanillaCherryBread]

Just got my 13th payout! I can't tell you how glad I am that I got into trading after being introduced to it last year. Thus far I'm up ~$100k+! from an initial 27k deposit... I am convinced it's not just hard work but smart work:-)

[@Mitchell.Holland]

I am 16weeks into the space, learning (and losing combined.) Well done on profits!

[@Couchlnvestor]

You say it like it's easy forgetting that not everyone is as lucky as you are. I’ve been at it for 2 years now but still inconsistent. Lost over fifty K so trust me when I say even following these KZbin tutorials doesn’t always cut it

[@VanillaCherryBread]

Indeed luck often plays a part but I'll credit detailed market analysis and research. If it was easy everyone would be at it and we’d have walking billionaires, It’s why my message is always to do it alongside other things, or get a job, work on yourself your mindset your emotional composure, habits, health it's way more than just technicals and I found that out the hard way myself. I’d say a smart approach to securing successful trades while still improving as an amateur is having guidance from an experienced pro who has already navigated the complexities and gone through all the hassle of refining and applying trading rules to suit. This strategy has proven effective for me!

[@philcrowley007]

@VanillaCherryBread that makes sense. A more conservative, strategic approach to trading sounds ideal. But the problem is accessing a regulated expert can be challenging, as they are often in high demand and may not prioritize retail traders. Would you be comfortable sharing a recommendation if it's not too much trouble

[@VanillaCherryBread]

Well, I’m with *Lina Dineikiene* ;the lady has been around for a while and she really does a great job on the charts. I conservatively follow her recommendations and market entry and exit points, and tbh this makes it possible for me

[@muelli]

Great video! I’ve been exploring a similar strategy of putting on a $10-wide bull put spread (BPS) every day at 45 DTE, targeting a 20-30 delta for the short leg. With 20 active trades, I allocate about $14,000 in buying power (BPR). On average, I aim to close each trade at 50% profit (~$150 per spread), which could generate around $3,000 per month or $36,000 annually-an impressive return on capital. However, losses are a key consideration: with a 20-30% chance of max loss ($700 per spread), the math changes. For example, if 20% of trades hit max loss, that’s ~$2,800 in losses for 20 trades, reducing net monthly profit to about $200. If 30% of trades hit max loss, losses jump to ~$4,200, leading to a net monthly loss of $2,100. Proper risk management, like closing at 21 DTE or adjusting trades near strikes, is crucial to keep this strategy profitable long term!

[@Willy_pbg]

Really good explanation. Congrats 👍🏼

[@alessandrop1977]

how do you have 20 active trades? do you open on the same day 20 Bull Put Spreads on SPY? Maybe I misunderstood you....

[@muelli]

@ You add 1 trade each day.

[@Willy_pbg]

How much should be your NAV to open 20 active trades?

[@muelli]

@@Willy_pbg NAV?

[@DanielBaleWyatt]

Building wealth requires developing strong financial habits. At 42, I had just $178k to my name when I realized the importance of a disciplined approach. I chose the stock market as my growth vehicle and enlisted the help of a skilled financial advisor. Financial management is a critical topic that many overlook, often leading to significant regrets down the road.

[@Toni__Michelle]

Currently, I'm managing my finances carefully and maintaining a frugal approach. Over the past 19 months, my investments have grown by 43%, generating over $500K in profits. However, recent losses in the last month have left me feeling uncertain. I'm torn between selling off my positions or holding steady to see how the market plays out.

[@FrankJaaay]

Having a solid strategy is invaluable. My portfolio is well-positioned for all market conditions and recently achieved a 100% increase since early last year. My Certified Financial Planner and I are currently targeting a seven-figure milestone, which we anticipate reaching by Q3 2024.

[@pop005-n3e]

Your advisor seems to have a strong track record. May I ask if you are still working with the same advisor, and how I might get in touch with them?

[@FrankJaaay]

Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.

[@HotManP-l5g]

I just researched her online, and I must say she has an impressive background in investing. I will reach out to her via email shortly.

[@MTtroutfisher406]

Davis, thank you for your great content! I’ve been absorbing most of the KZbin content for options and wheeling since June 2024 and for some reason I only just found your channel. Your content is better than all the others. Hopefully you can optimize for the algorithm and get more views! I’ll spread the word! Thanks again!

[@optionswithdavis]

Appreciate the kind words and you're welcome!

[@MTtroutfisher406]

@ And I’ve put it to the test by having laddering multiple strike prices on HIMS this last week. Worked great!

[@MTtroutfisher406]

@I need to get better at rolling and will watch more of your videos on it. I’m not a fan of rolling as the P/L can quickly get confusing. 🤔

[@manutraverso]

Hi, so for instance SPY has today an option chain expiring in 46 days. If I were to chose that one, then tomorrow, should I open another exact same trade at that expiration? because next option chain is at 63 days. How one can open trades every day? Thanks!

[@thedrunkenchefs4577]

How would using iron condors compare to just using bull put spreads?

[@Hoop360-us4vi]

Hi Davis. What would be the best option strategy for registered account like RRSP where it only allow you to buy shares and do CC. But it doesnt allow you to do spread or CSP. I often found myself buying at the top, then when I CC, i would get caught as the stock pull back.

[@mechannel7046]

12:20 trade options

[@stockmarket9449]

Hey David, 20 - 30 delta PE Sell and buy PE which strike price or delta of the strike price ? Market tends to move up over period of time. In this case how it works? Please educate me . Thank you ❤

[@InvestementInfo438]

Davis this is one of the Best Options Trading channel on YT. Great content, presentation and organization. For this strategy does it make sense to spread out the entry? For example, if I wanted to Enter with 8 spreads, rather than a onetime entry of all 8 once, enter 2 spreads every 10 days. It will be a bit more work but may be a way DCA the entry.

[@optionswithdavis]

Possibly. And appreciate the kind words! 😊

[@wishbone888]

meaning you close & open a new position on the same day 21 days after opening the initial sell put?

[@user-Tim66]

Is there a link to the tasty trade videos

[@rogeryoung7405]

Hello Davis, (great video) I have a question for you. Do you have any information on exiting the credit spread at 21 DTE or if a profit target has been reached? The profit target could be 50%, or 75% etc... Is there an optimal profit target to maximize the overall profitability of this strategy or reduce the overall volatility. Thanks.

[@optionswithdavis]

See these: 1) kzbin.info/www/bejne/Y6eok5psicx6obssi=rCOj96su02p2MuJR 2) kzbin.info/www/bejne/h2fCf3dse75ogKssi=yWRd5lJ5naMxUfgO

[@waynezhou8667]

Hi Davis, in other video you mentioned put ratio spread. Do you prefer prs over vps?

[@danielwong5607]

Always looking forward to your videos. Can you do a video on risk management? Example how much risk to assign for each trade? How much % to assign for each trade? This will be helpful for your viewers.

[@EyalMaoz1]

Thanks for this video. Essentially one side of the Iron Condor. I imagine in a bear market the call side will help smoothen and dampen some of the drawdown.

[@TrussttN01]

How well does this strategy transfer to individual stocks?

[@alessandrop1977]

Hello Davis. Do you reccomend to take profit at 50% or to keep the trade running until we reach 21 DTE?

[@panda007]

Great video. Out of curiosity, is there a stop loss involved?

[@sylaswashington1349]

This is Blaire. Can you act quickly to test this seed? (clean party soccer advance audit clean evil finish tonight involve whip action).

[@losangelesexplorer]

Would you prefer using the Bull Put Spread strategy for SPY or SPX?

[@thomastsou4660]

how about use spx to avoid assignment?

[@raymondnaquin3224]

Just want to make sure I understand your video, Is this a 2 leg spread? Is the 2nd leg a buy between $5 to $10 from the original leg, thus it being called a spread?

[@josephmonaco1721]

Hi. Davis. If you were trading this as a standalone strategy, how much of your buying power would you allocate to this trade?

[@brianevans4410]

how much buying power would you use for this at one time?

[@kokweeong]

Hi Davis, can I put on a trade ($5 wide 10 lots each) on every Monday, Wednesday and Friday and close out each trade upon 21 days. Every week I will have 3 trades. Or is it better to put on a trade and close out on 21 days and repeat a new trade? Hope to hear from your expert view. Thanks

[@grltrader]

I’m looking forward to trying this. What’s the consequence of exiting the trade earlier than 21 days if the market turns. Thank you for the video, I just found your channel.

[@HipolitoChenevert]

Appreciate it for sharing! Looking for guidance: My OKX wallet has some TRX 20 USDT, and I have the SEED: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way should I proceed with sending them to Upbit?

[@cardp17]

GREAT VIDEO! Been searching for a systematic approach to the options world. Downloaded both of your blueprints too, btw. I see that ideally, one should enter a trade w/ 45DTE. If that's not an option, do you suggest moving to the expiration that's prior to 45DTE (ie, 1'25 or 31 days as look at my option chain this morning) or later (ie, 2'25 which is 66 DTE)? Thanks Davis!

[@yenpinheng9884]

Audio is alright. As always, excellent content. Thank you Davis.

[@optionswithdavis]

You're welcome!

[@losangelesexplorer]

If we trade the Bull Put Spread strategy with SPX, do we still close it with 21 days DTE?

[@lukeneo]

Thank you for this awesome content!

[@optionswithdavis]

You're welcome!

[@thereallyrichone]

Hi Davis, do we open only one trade only and close at 21 DTE or can we open one trade a day or week with different strike prices?

[@yk92557]

Hi Davis! Thank you for the video upload. Would it be better to open put credit spread big size at 45 DTE about every month? Or (1/4th of size) every week?

[@alessandrop1977]

Hello. I know that managing the trade at 21 DTE should avoid the risk of early assignment, but it could still happen and trading SPY the money required to buy 100 shres would be elevated. Is it possible to use other ETFs with a lower price but still tracking the S&P 500? Any advices?

[@ChristopherAdams-w4x]

Thank you so much for this amazing video! I need some advice: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

[@xencyp6528]

Thanks for sharing!we are learning

[@optionswithdavis]

You're welcome!

[@olarius650]

another great vid by Davis...appreciate it ! Would you able to share the youtube link by tasty team in your slides (around 6:15) ?

[@donalddangelo9250]

@olarius650, did you find the youtube link by the tasty team (or the tastylive link)? I have been looking for some time. I know it is there.

[@xyexz]

Davis, thanks for the video and curious of your thoughts on staggering multiple of these spreads, perhaps by a week?

[@BenLim-yt7ps]

Thank you for your teaching. Possible to do a 112 ?

[@optionswithdavis]

You're welcome ☺️ See this: kzbin.info/www/bejne/amXYiYNmpat1nZosi=sliOnKhPIVD0N0fb

[@TgsTrader]

I am somewhat confused, so I am buying 45dte puts on SPY that are (-20 to -30 delta) and selling it regardless if it profit and or loss once it reaches 21dte?

[@tabbott429]

NO! watch it again. Your selling a put CREDIT SPREAD .....selling 1 put and buying another at a lower strike 5 or 10 wide. Keeping the difference.

[@TgsTrader]

@@tabbott429 I did re-watch it and understood it afterwards, I appreciate the response. This is basically selling 1 option to collect premium, while buying 1 further OTM to reduce collateral required, or hedge yourself. If the market dips, you lose money as you have to buy to close the more expensive one, and sell to close the one that gained marginally less.

[@arghyapathak2497]

Hi ,I understand you are talking about selling a put for 20-30 delta ,but for spread I have to buy also ,which Will be the buy strike price ? You are referring ??

[@josephsaeteurn9158]

$5-10 strike away from the 20-30 delta you picked..

[@elizabethladyjenski5093]

Hi Davis, Thanks very much for the video, I have not yet been assigned on any of my trades and just wondering what the chances are of being assigned between 45-21 DTE, should ETF such as SPY drop compared to stock dropping? Much appreciated.

[@vijeetshaw4596]

sir i trade in nifty and banknifty index because of liquidly, can u help me a strategy ... its volatile.

[@1Scath]

Another reason why it's fine to continue to sell puts in a bear market is simply that the expected volatility is priced in, you get paid more and so you can still have positive expected return.

[@jayaramanramakrishnan3251]

How is the Best and Worst days defined?

[@Jenssenygx]

There’s a video of you explaining closing your max losses percentage if its hit 150% or 200% of your targeted profit based on historical data, can I know which video? I can’t seems to find it.

[@Jenssenygx]

Or I should ask at what percentage losses should I close if its haven reach 21dte? U have a video stating most of the time the losses never recovered.

[@jasonh.9749]

Hi Davis! Thanks for the great content & knowledge as always! I have a question: Does this strategy work on SPX and XSP also?

[@flow5718]

Don't trade cash settled underlings if you have a choice, if tomorrow the market crashes you can take assignment on those short SPY puts and hold out for a few weeks/months for the market to bounce. Tasty did a study on how long it takes for the market to bounce back after a crash, in most cases it was a few weeks or months. Only in 2008 was it a few years. With a cash settled product, in the former case you could roll out in time and break even or even make a profit. But in the latter case you would've lost a lot of money!

[@SummitMan165]

Good episode !

[@optionswithdavis]

☺️

[@User_Happy35]

Thanks Davis

[@optionswithdavis]

You're welcome!

[@willdavid6697]

Audio only after 7:57. No video. Black screen

[@optionswithdavis]

Try refreshing the video/page. It's working fine from what I can tell. No one else has mentioned this issue too.

[@lwimaw5092]

Thanks a lot David.

[@optionswithdavis]

You're welcome!

[@BeGood2DoGood]

Thanks for the nice strategy. Though I dont understand your other friends stats of not being profitable in options. I only started 6 months ago and am making close to 20% profit or better using the simple wheel. No brainer and stress free using your detailed wheel technique of using vertical layering in each underlying. Beginners luck perhaps? I still haven't seen a deep draw down which other noobs typically see. Anyway keep those tips and techniques coming along and do share your prop firm experience how you got into it and any good stories therein. Cheers. 🙂

[@ChristopherMundahl]

thats great, but 6 months is nothing. If you're sized right you'll be fine.

[@Jenssenygx]

great teacher

[@optionswithdavis]

☺️

[@therebellion6911]

Why are you rolling on 21DTE? I just checked and at 44 DTE you stand to make about .70 at exp and at 23 days you stand to make .50 when most the time decay happens so if you roll on 23 DTE you would only make .20 minus fees if there are any. You get double the money from 21 DTE than 45-21 DTE. I must be missing something.

[@junco4269]

What about taxes. Capital gains? It would be nice to compare results when you factor this in

[@Eaton-10]

No one on YT will do this for you since everyones tax bracket is vastly different.

[@josephsaeteurn9158]

option are tax as ordinary income.. same as your job..

[@junco4269]

@@josephsaeteurn9158yes but when you buy and hold you don’t get taxed until selling, so it keeps compounding. Also you don’t pay options fees which also add up. Probably the real difference in returns, if any, is not worth the work you put in. Im not sure, but just something to think about

[@roland3079]

Spy 20 delta 45 days has 30 usd spread. If I close it 21 days it maybe 15 usd. If I want to do it for living should I play this every day?

[@CapAnson12345]

Right now the SPY 41D 570/565 18 delta spread has roughly a $50 premium. You're not going to get new 45 DTE options every day. So if you were to do this you would take some portion of your account, let's say $5000 of a $50000 account and put on ten of these (because $500 wide spread) and get maybe $500-$250(at 21DTE)= $250every 21 days (Just for example). So best case scenario You snag $250*17 trades per year = $4250 or 85% annualized. If nothing goes wrong of course. Things will go wrong.

[@user-vm8ot3vg8m]

@@CapAnson12345Very easy to over leverage! Try catching a falling buzzsaw!

[@ex-muslim-Zafar-Sahil-Adam]

I am selling CSP on UPRO = 3x SP500. 2024 was very profitable, very easily.

[@LeeLee-xt5uy]

is this live?

[@trtnec]

Thanks for the video. Just curious how this put spread backtest compared to the iron condor backtest on SPY/SPX? Also I wonder what the results/drawdown were with the combination exit strategy of "exit on 21 DTE or 50% profit".

[@orlandogarcia3018]

How many contracts?

[@josephsaeteurn9158]

if you believe in the trade get 10.. 1 is not worth it..

[@johnkuo855]

❤❤❤thx❤❤❤

[@optionswithdavis]

You're welcome!

[@donalddangelo9250]

Excellent video, Davis. Could you share a link to the Tastytrade study/video you referenced in your presentation? Specifically, I am interested in the study/video behind the Bull Put Spread on SPY at 6:12 of this presentation. kzbin.info/www/bejne/raDYl6x7oMmJmKc

[@braddeicide]

Beware the April 5ths

[@saimiride]

"Hi, great video! If you have $100k in your account, would you allocate all of it to the bull put spread strategy?"

[@LiquidityThieves]

Is that a serious question?

[@saimiride]

@LiquidityThieves yes of course, what is the issue?

[@LiquidityThieves]

@@saimiride i recommend watching TastyLivr and their portfolio management fate

[@Eaton-10]

​@@saimirideYoure being absurd.

[@saimiride]

@@Eaton-10 nice 👌

[@ryldauril2228]

Breaking Even now Thanks to you and My own need to Follow my Rules.

[@josephsaeteurn9158]

trading for 4 years.. jump all over the place.. all time P/L still negative 68K

[@Yt-user65000]

That’s your risk-management. You are taking big winners and big losers, correct? But over time the big losers are drawing down your account. I’m assuming you’ve been margin called regularly & you are staying in risky trades to “make back” some of those losses.

[@digitnomad]

Anyway losses money from any form 💰 wont be a good one

[@jonr9574]

Amount of times I’ve tried to sell calls on spy 😂