If You Want A FIXED Weekly Income, Use This Option 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/

[@usa4ever711]

Hello Davis. Interesting video! Question, problem with covered calls is if the stock tanks! Can one place stops on the shares of the stock one owns if one sold covered calls on it? Thanks!

[@optionswithdavis]

Your broker shouldn't restrict you from placing stops regardless if you place a covered call or not.

[@usa4ever711]

@@optionswithdavis So what happens if you sold a call or more than one contract and you get stopped out? How could you fulfill your obligations if they exercise their option??? Will you lose the premium or part of it? Do you use this kind of strategy? Thanks!

[@jackdorian]

Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@oliviabruce]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving.

[@ericksdhaniel]

Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.

[@juliawalter5252]

Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

[@ericksdhaniel]

The decision on when to pick an Adviser is a very personal one. I take guidance from Lina Dineikiene to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@juliawalter5252]

I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@ampiciline]

I do this strategy for 100 shares IWM daily not weekly and it works really well !

[@c22282]

What delta do you pick for call & put?

[@ampiciline]

@@c22282 mostly at the money

[@anthonyschmanthony]

Agree, what delta?

[@keesh4491]

I really like your video a lot! Learn tons of new things from you, thanks. What would be your ideal profit target for each strategy? Especially multi-leg. That would be great if you could create video on that😊

[@optionswithdavis]

You're welcome 👍 See these videos below for trade exits: 1) kzbin.info/www/bejne/bmLXaXSlhbR-eaMsi=YefNqV8kVkmPZ8EG 2) kzbin.info/www/bejne/pHvIoGeJeN6qo8Usi=HKnRZ9YKBV2w0KUw 3) kzbin.info/www/bejne/gHqqc4iOhtRsi6csi=aMIQveAGjY-Qe_9A 4) kzbin.info/www/bejne/hYjKZmyodsR6mJYsi=QCswYPr624YBvryL

[@donald1983]

Do you recommend wheeling on ETFs instead of individual stocks?

[@Travelwithlino2023]

Davis, have you use deep in the money covered call? Is this good strategy? Can you give me real example for using this strategy? Thanks 😊

[@optionswithdavis]

Have covered it in these 2 videos below: 1) kzbin.info/www/bejne/rWKUfqaggt6eldEsi=sWPPCxW_VmXifh9w 2) kzbin.info/www/bejne/g6iuqaike8Sglcksi=7v1lLHhHC7baeIVj

[@CptCarbon]

Good video as always. You often say 45 days is good to have an edge but it does not apply if you are ok to get assigned. So when does the 45 day "rule" (not rule but said by you) apply?

[@optionswithdavis]

When you're trading strategies where you don't want to get assigned (i.e. credit spreads, iron condor, etc.).

[@abcd-l9b]

"Alright, alrighty" 🎉🤩 Thank you for another video!

[@optionswithdavis]

You're welcome!

[@MJS13005]

If you end up owning the stock and sell a covered call and the price of the stock goes down do you keep selling the covered call at the original purchase price or do you drop the strike price of the covered call down to the at the money level?

[@optionswithdavis]

See this: kzbin.info/www/bejne/oZDLqaisl6h4pM0si=Z5mRUlLmc6cV0I8a

[@ssing7113]

If it were me. I would drop cost basis ( from last time premium ) lowering price of stock. So I would try and ride it down. I would never keep selling at purchase price as you get less premiums Depends on strategy. Some would hold and keep selling at same strike as purchase price. Some will keep chasing it lower

[@charlessimaz1620]

Hi Davis, I enjoy your teaching methods - Question do you do any personal training, I am a Intermediate Options Trader however I would like to increase my knowledge level. How do I reach you if your interested ? Thank you, Charles S.

[@optionswithdavis]

See my description page here: youtube.com/@optionswithdavis?si=WSaR719EWsoPSJUF

[@vamshikarra4691]

Thanks Davis🎉

[@optionswithdavis]

You're welcome ☺️

[@adammoore7447]

So, basically, the "Wheel" strategy... Still a good video

[@seangreen8262]

In the previous videos you have made a good case to use 45 DTE as per the study by Tasty. Why recommend 7 DTE in this video?

[@lonewasian]

Because it's designed for weekly income, so you are selling a CSP or CC every week

[@optionswithdavis]

Explained in detail here: kzbin.info/www/bejne/ZqfPf5yFgtRqaJIsi=aTODKcNg5aON51cA

[@seangreen8262]

@@optionswithdavis got i7 Thanks

[@bbbfff6543]

Combine the two and ride that wheel strategy!!

[@optionswithdavis]

Correct, like this: kzbin.info/www/bejne/mqWYdYuqaqxgipYsi=ol_JCIMITZA7cd2X

[@lewinmg]

Why is it, that on an option chain the strike prices that are lower go up and the strike prices that are higher go down ? why wouldn’t you reverse that? Doesn’t it make more sense that strikes that are higher are up and strikes that are lower go down?

[@optionswithdavis]

Good question and I'm curious as well. Maybe the people who designed the option chain thought that options are not complicating enough 😅. But it has been this way for the longest time and I'm used to seeing it this way now.

[@nunuland]

In TT platform if you click on the word ‘strike’ in the header you can reverse it. Like the old ToS platform. I can’t speak for ToS since Schwab took over - I’m in the Uk so they closed my account. However I agree with Davis- I’m so used to looking at it upside down as it were, for 20 odd years, I can’t change it now. I tried but it felt weird lol