RETIRE EARLY ON JUST $212,000 With The Wheel Strategy on THESE Stocks

[@InvestwithHenry]

Beware many comments below are unfortunately bots and scammers. I won't ask for your money. Other than my link in description please be careful.

[@IMBLESSED-oe6dl]

I don't understand options

[@jfvalejandrino]

You’re awesome. Thank you Henry for showing options on SPY etc.

[@Dan-codes]

Hopefully, they at least get you YT revenue.

[@bettyboyadjian9212]

You are amazing, would love you to assist me to manage my fund, you can email me if possible

[@QargZer]

You can easily block them by removing specific phrases they use especially the crypto they cite

[@benitabussell5053]

It's enticing to consider purchasing some stocks in this bull run. I'm contemplating investing more than $300k for retirement. While the bull run can generate short-term excitement, i also need long-term investment strategy.

[@A_francis]

It seems like there's potential, but caution is warranted. hence I will advice you get yourself a financial advisor that can provide you with entry and exit points

[@RickWatson-xu6gw]

Working with an investment adviser is the best strategy for navigating today's stock market, particularly for those approaching retirement. After consulting with a coach, my initial $450K investment has grown to more than $800K since Q2.

[@Eugene-m2v]

I'm worried about my retirement portfolio and could use some guidance. How can I get in touch with your advisor?

[@RickWatson-xu6gw]

Marissa Lynn Babula is the advisr I use and I'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@etfeasy]

Just be careful! We are all geniuses in a bull market. When tides goes out we come to know who is swimming naked

[@tdiler12]

Exactly right. These are great sounding strategies but what happens if one of your individual stocks plummet. Back to work you go.

[@---tx9xx]

i suppose that's a good question, how you make the money off selling options in a bear market

[@pablowegwerf7502]

@@---tx9xx Be assured there's a strategy for that!

[@samuelfox8126]

Yep.

[@jaydennguyen-xk1yo]

@@tdiler12with or without options strategies if a stock plummets of course you are going to lose money

[@kushkaptain4205]

I love your advice. No BS just straight and simple info. No fluff

[@Gruelking89]

Is the biggest risk that the share you choose goes down in price sharply over the time you are trading? Therefore the premiums you make don’t outweigh the losses you made on the shares you now own?

[@ST5S5]

Yes. In a situation where that happens, you have a large unrealized loss on your shares and while you can keep selling covered calls you don’t want your shares to be called away below your cost basis which means the premiums you’d be collecting would be very small relative to your unrealized loss. To combat something like this, there are things you can do like using some of the premium gained from selling otm calls to buy atm puts so that if the shares go down, you collect some premium from the calls, but you can make money on those puts. It won’t be enough to necessarily turn a profit relative to the share price depreciation, but if your downside is more limited then it’s easier to turn the position into a profitable one as you continue to sell covered calls

[@sgib199]

You got it. The biggest risk is you can lose a huge portion of your nest egg. Like the other person said, when you get assigned the shares, if the price has gone down too far, you can either sell calls for next to nothing to be able to hold onto the shares, or you can sell calls a little above your new price to get a premium, and then get called out of the stock resulting in a huge loss (you already have the big loss in this scenario whether you realize it or not). You can stay on the wheel if you want, but the "income" means nothing if your capital is eroding. Of course you may be fortunate and not lose money. But at a delta of 30, you'll get assigned often enough and some of them could be painful.

[@Emily-le2op]

Do you think it's a good time to consider selling some stocks, or is it better to hold onto them for the long term? I’m considering rebalancing my $250k portfolios. Curious

[@ConradGosling]

Before making any investing decisions, it is advisable that you consult with a qualified financial counsellor.

[@JordanReam8186]

I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $500k in a little over a year, my adviser chooses entry and exit orders.

[@lawrenceHart-ys2ct]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@JordanReam8186]

Sophia Irene Powell is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@JordanReam8186]

Can't divulge much, ‘’Sophia Irene Powell’’ preferably, {you can look up the name on the web, her qualifications speak for itself.

[@LiveMore-e1v]

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

[@ZoeyBoni]

Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.

[@Endurance-l3r]

Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.

[@PhilipBeck-h8l]

pls how can I reach this expert, I need someone to help me manage my portfolio

[@Endurance-l3r]

Kimberly Grace Flanagan is the CFA i use and im just putting this out here because you asked.

[@PhilipBeck-h8l]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@vduggir]

Thanks for providing summary every time 👍

[@richie5930]

Henry so first sell puts to get assigned and then sell covered calls on those shares? So what if sell puts dosent get assigned ? U just keep the premium and keep selling puts until it gets assigned right to do covered calls on them right

[@entertainmentinternational1087]

Yes exactly

[@JCJourney]

yup. you just got the WHEEL in the head. sell puts in good stock is best. you either got the stock for cheaper price or got the premium. it is better to have stocks that you are selling put and stocks that you are selling calls. if will balance it out if the market is down

[@kalyantpv]

@@JCJourney Say you sold put at $100 and got assigned, and stock falls to 80. This will leave you in a mode where you are waiting for it to be above 100 to do covered call sell right? Otherwise, say if you do covered call sell for 85, then you will have to keep rolling over etc. This works if there is good premiums and also if stock keeps going up or at least does not fall down crazy.

[@JCJourney]

@@kalyantpv ya, that is true. you will lose money if sell covered call below $100 and get assigned or you have to keep rolling. that is why Henry suggest not doing that when the stocks are over RSI 40. when the RSI is too high or too low, it is overbought or oversold. if it is a good company and oversold, it has high chance to recover . if you sell put when it is overbought (high RSI) , it has higher chance it will drop and you will hold 100 shares, then the stock keep dropping. it is better to wait for a good and large company to drop and sell put, if assigned , you get 100 shares for cheaper price. if not, you keep premium. if get 100 shares, then you keep selling covered call. sell covered call when the stock is overbought. sell put when the stock is oversold. if you have large account, you can pick 5 to 10 stocks and WHEEL. you can get around 5% a monthly easily. 100K account. that is $5000 a month. if you do it for couple months, that is enough return to cover some of loses.

[@MS-hb9gn]

Yes. You could also sell puts to average out at a lower dollar amount and sell covered calls. So u sold 5 to get assigned at 100 strike. You avg is actually 95. If u sell again and are assigned at 80 but got 5. Then u avg out 95 and 75. Which comes out to 80 if u doubled ur position. Otherwise you could be at 85 or something lower and sell calls on those.

[@junior4984]

MAN THIS GUY ROCKS. HENRY COULD YOU MAKE A SMALL video on how to handle the Tax part of this. Ty

[@cluggyahoo]

Just don't pay them !😅

[@MichaelGabreil]

I Believe investors should always put their money in good use, especially next year(2025), we'll start to see more market diversification. I'm hoping to invest at list $750k of my savings in stocks this coming 2025 year. Hope to make good return's in millions this next coming year 2025.

[@MichaelGabreil]

@@EbrahamAljalil I'm approaching retirement and having a financial advisor has been helpful. I started investing later than most, so relying on compound interest from Etf's or bonds alone wasn’t enough for me. Despite that, I’ve managed to do well and am on track to retire with around $2 million

[@MichaelGabreil]

@@EbrahamAljalil luck plays a part, especially in the short term. I noticed that when results remain consistent, it indicates something more than just luck. research was the challenge until It led to Julie Ann Lerch, a fund manager. her strategy made sense, it contributed to growing 950k into this and counting

[@candlesbypurplerose1010]

Can you do option trading on etf’s ; or only on single stocks?

[@rychard91]

Your the best hands down! I already finished your classes. Thank you for the knowledge.

[@OSVALDORojo-b2w]

Bro, i bought XAI533K in November after your video. i'm up 379%.

[@OsideTEM]

how do in get information about your 1 on 1 training

[@entertainmentinternational1087]

Love the knowledge...best is taking out a few thousand a week and reinvesting the rest.. if i make 10k+ a week I'll take out 2k a week.. under 10k I'll take out 1k a week , both to pay down the lil bit of debt i have left.... the only problem is getting caught in a correction since its 30 days out..... i like weeklies for that reason...after a certain amount of capital that smaller % is still crazy good

[@Wealth_Builder_Nation]

Always love your info Henry! Would you recommend someone with about 25k to use around 13k for the wheel on Nvidia ? Thinking about trying to scale my account safely with this strategy, thanks!

[@milescali]

Question. Is your portfolio retirement money or are you removing funds each year to pay taxes? Thanks for the info.

[@gjm758]

Thank you for your time and talent!!!

[@InvestwithHenry]

So nice of you

[@candlesbypurplerose1010]

Please do examples of selling options on SOFI

[@vichart011]

How do you manage when stock drops drastically after assignment. That happened to my with tsla.

[@donnyh3497]

Some people sell another put lower in price and if it keeps going down, they sell another one even lower than that. When tsla finally levels out, you will be able to sell covered calls at the shares that you were assigned at the bottom level, and then as tsla slowly comes back up you can sell CCs on the shares you bought at the next level up and so forth until it comes all the way back and by then you are selling CCs on a bunch of shares that have been DCAed down to an excellent price! Do not run the wheel on stocks that you don't believe in and want to own long-term.

[@Isgood2beKing]

Well , that works if you have a lot of capital , i got assigned tesla December 2023 at 250$ 2 contracts., More than 55000 dollars, then drops all the way to 180$ shares, how i gonna be selling cash secure put, That was all my capital, for buy any dips , matter of fact,i lost all the dips, of tesla, Now im fine. If you have any advice i will love it, cause that was all my capital to do the weel.

[@ST5S5]

@@Isgood2beKingin a situation like that you have to sell puts at a strike price that you feel the downside is limited. You can also choose an underlying stock that wouldn’t use all your capital to buy the shares. Important to be mindful that the more volatile the stock is, the higher the premiums, but also more potential downside so if you choose something less volatile for a wheel position you may be better off

[@carlosbada1602]

Henry, how can I get the one and one coaching? I’ve been following you for a long time and I finally want to get in touch with you. Thanks!

[@Nathan00at78Uuiu]

What do you think of doing poor man covered call to allow selling covered calls for more contracts than owning the shares and then selling the long call when done trading.

[@americandreams8200]

Thank you, Henry 👍❤

[@patricklancaster8684]

Life changing info once you understand it now i finally do after years of trying to understand it all

[@grey6218]

So if I have a 50k account, would it be wise to run the wheel on SPY only? Like I’d use some margin to sell monthly puts. This would be my whole portfolio though?

[@sampya1]

Hi Henry, I have subscribed to your channel.why there is only one expiration date starting in Feb 2025?

[@jeremyhill-h9e]

I retired at age 53 and am now in my early 60s. Many people resisted me because they couldn't understand the idea of not working if you don't have to. I considered my life to be in phases. I worked very hard to achieve what I have now, but in my last years, I owe it to myself to "stop and smell the roses." After I retired, I left the nation and now reside in Latin America. I was able to enjoy my new surroundings and escape from all the bad things that were going on in America. I haven't yet encountered anyone who laments their retirement.

[@ediencui]

@emilyshao-f6i I definitely share your sentiment about these firms. Finding financial advisors can be a personal choice sometimes, but I work with Elizabeth Louise Greak. She can assist you shape your portfolio and that would be a very creative option

[@kyrenfei]

Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha.

[@JudgeMatty]

​@@ediencuielizabeth is a fraudster and will steal your money 😮

[@streetbloodfam]

Can I start with a couple grand? How fast can I scale that? Should I use this strategy?

[@JudgeMatty]

@@streetbloodfam don't do it, you'll get your money stolen

[@rosenassar6162]

Can I sell puts and calls on the same stock at the same time

[@Hazel66781]

I'm curious why you don't trade using IWM? The ETF is $243 compared to SPY at $603.

[@alexryndin125]

But if market goes down then this strategy most likely not gonna work ?just like Tesla or Nvidia often dips

[@CELIAseavey-jl2jg]

Great information! Thanks Henry!

[@Berkayykrl]

How can i search about LIT options what he was just talking about ?

[@olgarosales7476]

Thank you!❤❤❤❤

[@nicklang9210]

Can you speak to the tax ramifications of doing this in a taxable account? Thanks

[@DNin210]

Taxed as short term gains. If you lose and then reinvest in same or very similar investment, it produces a disallowed loss.

[@sgib199]

​@@DNin210 Not disallowed, but carries over until the new investment/speculation position is closed. If you are rolling options to another expiration date of strike price, it is NOT a similar instrument and is not subject to wash loss rules, even though it has the same underlying stock.

[@bryanvan9212]

Can you do this with money in a regular IRA and, if so, would the income be tax free until it’s withdrawn?

[@tracer888]

yes, you can trade options and even futures in Schwab IRA, I assume true with Interactive Brokers and Tastytrade as well

[@lucya5095]

Thanks Henry your the best!❤

[@Bewisewithchrist]

I cant sell puts or calls. What do i do?

[@georgeleloudis6160]

glade I found your channel can you do a video on Call you back options with a small amount....Thank you for the education and experience you bring here

[@grey6218]

Also what if I do this on QQQ? With my whole portfolio

[@ST5S5]

I think QQQ is a good candidate for the wheel. TQQQ has more volatility and is much cheaper to buy 100 shares of so I’d also look at that so that you don’t have your entire portfolio tied up at once in one asset

[@cookitketo3592]

Where do you cover itm situations?

[@relaxingricky]

Another wheel video and I can't stop watching...... biceps over triceps haaaaaaaa my brother.🤙🍷🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

[@sasasa6324]

hi Henry, thanks for your qualify contents. I'd like to ask if RDDT a good stock for wheel trading? Many thanks.

[@InvestementInfo438]

"Hand over fist ... Bicep over Tricep" 😅 good sense of humor. You are killing it Henry, been watching you since you started. Love that you are giving back to the community and putting out sound actionable content without a pay wall.

[@davidpaterson6460]

@investwithHenry When you mention the RSI and the Bollinger bands what time frame are you looking at them?

[@tonycavallo9825]

Henry, I have a very small amount just getting started. Would NIO still be a good option to run the wheel on? I know you used to trade NIO options several months ago. Thank

[@Olly-jb2ph]

How much cash i need for this?

[@terifong9816]

Thanks Henry, how do I participate 1 to 1 couching?

[@polish2x91]

Step 1) buy a couch

[@terifong9816]

@@polish2x91how to buy and how much

[@terifong9816]

@@polish2x91 how much? And where to buy,thanks

[@IfranReinfeld]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family..

[@WitaRehbaum]

I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks....

[@IfranReinfeld]

@@WitaRehbaum Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* ..

[@WitaRehbaum]

@@IfranReinfeld Oh please I’d love that. Thanks!

[@IfranReinfeld]

@@WitaRehbaum *MARGARET MOLLI ALVEY*

[@IfranReinfeld]

Lookup with her name on the webpage.

[@aurinator]

"So here's the 1-minute summary" 0:39 SPY monthly Wheel with a 27 Delta

[@deanholicz5444]

You're soo awesome Henry thank you for all you're doing. What if I'm trying to invest 15K and grow it as fast as possible to 115K then to 230K Then try to do the wheel strategy.

[@samuelfox8126]

If you're wheelin Tesla and palintir you're leaving lots on the table. Holding the stock is doing best right now. I'm up 180% on my shares i bought in March. I'm up 110% on Palintir i bought like two months ago. MSTR is my money printer on puts

[@damaddog8065]

Keep at it Henry, this is helping people.

[@tinaha6273]

Thanks so much for sharing, please make a video for margin account, please do

[@Crappie_Hunter_Seeker]

Can you tell me how you handle a case where a stock crashes when selling a put. Lets say overnight. Then your basis is much higher than the current stock price. Now I know you said before you just continue selling calls at a lower price and to just ignore your cost basis. Lets say your put was for $50 and the stock dropped to $40 overnight. You get assigned. So lets say it was assigned at $40 and you sell a call for $42. Then the stock blasts off to $50 but there are 20 days left to expiration. Do you try to roll up right away, when it goes in the money, or wait close to expiration to see where the stock settles? Suppose you wait and the stock has gone up even further - lets say $60. Now you would have trouble rolling because you would have to go out so far that it may be impossible unless you want to tie that capital up for years. Lets say you do go ahead and roll out for 2 years maybe, would there be a high chance of assignment? You would then have pretty good loss. What do you do then? Just start over? It could be you have a lost a lot of capital though at that point. Thank you for your videos. I am enjoying them very much and congratulations on your success.

[@tjcz3]

Do you teach option on E*Trade? I get so confused.

[@henrim9348]

What are your thoughts on wheeling MSTY? Great dividends, excellent premiums. Affordable at $34 per share. I wish it had weekly Options instead of monthly. What will it take for them to switch to weekly Options? Should customers request it? Thought?

[@epatruno75]

Your teaching is really cool. Hi from Italy

[@onAN0THRlvl]

i used weeklies to get 13% on gme this month

[@terifong9816]

Tsla, what’s the strike for covered call

[@wellmymind]

This is not risk free. 1) Selling puts can get you stock assigned, no problem with that but if stock goes really low then it can put you in a heavy loss. 2) Covered call: Stock could be taken away and if stock goes up a lot, potentially one could loose all the upside. Nonetheless these two are safest option strategies to make money.

[@metatron1947]

I appreciate you sharing and teaching for free Henry. I wish I had come across you a few years earlier. Not getting any younger...

[@murray1white]

I added comment on your LEAP options on Spy , Tasty Trade doesn't appear to allow me to use hte Long Leap to sell covered calls , or am I missing something, cheers from NZ

[@polish2x91]

So what happens when the stock crashes past your put price and u cant even sell a call at your cost basis?

[@purepositivity7404]

Hi Henry, please address this question. I had this exact scenario happen to me with NVDA around September 2024. How would you go about this situation? Thank you very much!

[@ST5S5]

@@purepositivity7404you should be ready for that scenario to happen. You can limit downside buy also selling a bear call spread with the csp’s to reduce your cost basis

[@hyprz]

@@purepositivity7404 the million dollar question 🤣

[@2coolartsmusicmom572]

I cannot join Henry your site says site not available.

[@K3Films]

I’ve been wheeling since August of 2024 with about 30k. As of right now I’ve made 12k. I wish I started this years ago. I promise you can make it work folks. Hopefully one day I’ll be at 7 figures but we’ll see!

[@TurboSpeed69]

I've got a 100k ready to fire today but dont ask me for 10% OF that to teach me how to implement your Strat. would love some legit advice Thanks for doing what you do

[@MichelleMorar68]

do you do the wheel strategy with dividend stocks?

[@sgib199]

I believe he has said he's done it on Ford before. It pays a good dividend. It has dropped in the last couple weeks, and I'm quite possibly going to be assigned some shares (at a loss) but then I can sell calls if I want to.

[@berkanyildirimlar]

Hello Henry, am I missing something? if you don' have the stock, you can't sell Covered Calls (unless naked calls, very risky). If you have the stock, you can't sell put because you used your money (unless you use margin). So this is not combination. By the way, I appreciate your free teaching, learned lots from you.

[@tracer888]

you sell naked puts in stocks you want to own and can afford, then sell covered calls once assigned on those puts. That is the generic definition of the wheel. You can also research "Poor Man's Covered Calls" which uses a LEAP long contract and lets you sell covered calls against that vs the actual stock.

[@ST5S5]

You sell cash secured puts to enter a position and once shares are assigned to you, then you can start selling covered calls

[@berkanyildirimlar]

@@ST5S5 Yes the video I was confused I guess with the dates.Sell put same date with sell call. I do understand the strategy. Best case scenario you get assigned and right after you sell call.

[@ST5S5]

@@berkanyildirimlar when selling a call or a put, choose an expiration date that’s about 30 days out

[@berkanyildirimlar]

@@ST5S5 yes, if stock moves up and you don't get assigned you would not get the cover call because you don't have the 100 shares. I guess what Henry is saying make sure your chance of getting the stock both ways: Wheel strategy higher delta.

[@sidowsidow]

i love the short summary idea

[@MarciHB]

Let's say you sold monthly put 320 and Tesla went to 280 and you got assigned. You were forced to buy Tesla at 320 when it's price is 280. It's 4000$ loose isn't it?

[@MarciHB]

He didn't answer 😞

[@sgib199]

Yes, you lose money. Some will say "but you only does this on stocks you want to own." But paying $40 extra per share (minus the premium you received selling the put) isn't so awesome. I do sell a few puts, but putting all your eggs in this basket is incredibly risky.

[@terifong9816]

Rewatching,thanks again Henry

[@rohmchris7]

Love your video, 🎉happy holidays

[@InvestwithHenry]

Thank you! You too!

[@GaloMoralesHerrera]

I only have 30k what I should do ?

[@brucenelson7572]

Thanks Henry .. I'm learning lots from your great videos like this one. 👏🏼👏🏼 One thing I am not clear about .. isn't the 30 day wheel strategy in fact (2) 30 day plays? ?? In the 1st half of this video, it is implied that you can make 2% per month with this strategy. Would this in fact mean roughly 2% gains in 2 months... NOT 1 month? .. Is my thinking correct here, or am I confused? Thank you!

[@brucenelson7572]

@InvestWithHenryC hmm ... not sure about that.. I just tried calling and I got a "this number has been disconected" msg. 🤔

[@InvestwithHenry]

Because that's a fake account pretending to be me man

[@brucenelson7572]

@@InvestwithHenry I figured as much. Sorry you have to deal with crap like that. Thanks again for what you do here!

[@jonathanlubarsky2782]

@@InvestwithHenry Can you answer the question though? The options you were selecting for SPY paid 1% or less for 30+ days. How are you making 1.5-2% a month with them?

[@joestrmiska6328]

Why not sell in the money calls instead of puts to start? It pays a little more premium.

[@babyshark3294]

thank you for making these videos. I'm an extremely busy man with little to no time. I'll be going through your vids during work to learn the wheel strategy.

[@jen_amg]

What do you charge for one on one training?

[@joshczerpak8669]

I've been learning more about options recently, but haven't actually dipped my toes in the water per say. I was thinking about saving up for 100 shares of Nvidia to start and then going from there on other stocks to acquire 100 shares. Do you think that is a good start? Right now I have about 4k in my Robinhood account. My Robinhood account is really just fun money for me. I have other investments such as a Roth, 401k, emergency fund, etc... just wanted to make sure I was starting right

[@wellsHannahh]

Convinced that investing $50k-100k in the right company before it goes big is better than just saving for retirement. But since picking the right company is hard, saving might be safer-who would’ve guessed SPGI? I have $200k in a HYSA and want to invest. What are the best opportunities now?

[@frankzheng5221]

Sounds good, thnaks Henry

[@richrootzmedia8790]

What if I got $10K to start with instead? Can I do that same SPY strategy 🤔

[@yrudonking]

no. You need to be able to afford 100 shares because 1 contract is 100 shares.

[@vansicklejerry]

at $599 for SPY, you would need $59,900 minus the premium you collected to sell 1 put contract.

[@larrythecoderguy9560]

I recommend looking at Henry's videos on "Put Credit Spreads", which you can also run on SPY or any high quality stock with as little as $500 (or less). I'm teaching my daughter using this strategy with just $1k and have almost reached $2k in just 4 months - safe and easy.

[@larrythecoderguy9560]

He also has a video specifically for "small account strategies"

[@ST5S5]

For an account under $10k, I’d look to wheel PLTR or TQQQ, but keep in mind these assets are volatile so be prepared for downside in the underlying and sell csp’s far enough out of the money so you don’t get into a position where you’re down a lot on your shares when you get assigned

[@rychard91]

Henry plz share more videos that works for plo that are starting on option with small account 5k

[@simong9163]

Hi Henry, overall your videos have great content and thanks for putting out some great information for free. A couple of thoughts about the stock selection if I may: (1) it would be good to hear more from you about increasing diversification and reducing correlation as a way to manage risk. I heard from another of your videos a good suggestion about selecting more energy/utilities in a bear market, which is good, but I think diversification can help in any market as different sectors can go through their own bull and bear markets. E.g. I would try to avoid all stocks being tech at the moment, even if they may be over-represented due to current strong trend. (2) I would strongly disagree about AAL being a good stock for running the wheel - Airlines are highly cyclical and inconsistent businesses and can swing from profit to loss very easily, making such stocks liable to crash. Thanks and keep going with the great content.

[@zofiaskarzynski2031]

Very helpful videos. I have been using this strategy few months before I started watching your videos. I do exactly what you teach and it really works. Its amazing . I have done very very well is safe environment. Sometimes I pinch myself if this is really true.

[@politico1856]

Based on 2024: If assigned Tesla with puts, you’d be holding a stock that goes significantly below entry price. You’d be selling covered calls at a strike price way higher than the stock as it drops which means much lower premiums than what you are showing. You could lower the strike price and sell covered calls closer to the stock price as it drops but then you miss the stock recovery. What you show only works in theory if the stock remains flat and goes sideways.

[@juleshuh]

Absolutely amazing,,, am learning everyday

[@mariodiaz1644]

You are definitely Henry.

[@glennt8687]

Thank you for another informative "wheel strategy" video. I've learned something from each video. I've found that the "wheel strategy" is the best way for me to increase my income each month.

[@AngieStonesPhD]

Here is my calculation and not sure if I miscalculated something. Assume I earn 200 000 per year. I decide to quit and use all my money in monthly options. Say I generate 10 000 per month. This will make 120 000 per year assuming I dont touch the income. So, I need about 2 years to make my yearly salary from my job.🤓 So I couldnt live from the options income but use a compound gain to maybe retire in several years. What am I getting wrong in my calculation?

[@AngieStonesPhD]

By the way Henry is my "star" so this is a genuine question. And this is from someone who is ex math grad and PhD in another subject. But feeling stupid now and dont know what am I not seeing.

[@AngieStonesPhD]

@mediaisevil6730 no, my point was you need at least 2 years to meet the normal working wage.

[@sgib199]

The miscalculation is that everything has to go perfect to generate the $10K per month. You can just easily lose a lot of money in a strategy like this, especially if you throw all of it into one equity/strategy like he suggests here.

[@karenjohnson-k5d]

Great content! On a different topic: I have the SafePal Browser Extension Wallet with USDT, and I have the seed phrase. (job priority warm lab border boil monkey manage palace fiber weird ask). How do I move them to Binance?

[@shawnpatrick87]

Not trying to be negative but, if you only have a 200k account and you use it all on puts and the stock crashes you cannot average down, so your sitting with dead money and a terrible premium if you try and sell calls, but hey I’m just a silly goose I like tsll and soxl on a one week, for the high iv.

[@henrim9348]

I agree with you. I'm currently sitting on YINN at ,$35 . The discussion on tariffs is pushing it further down. I'm now trading YANG. But it's more expensive.

[@ChristopherGiles-vi8sf]

Thanks Henry.

[@josephvotta6698]

Dear Henry, I like you; I respect your work and your knowledge. BUT, there is a point in ALL of your videos where you fail to connect the dots and you lose me. Here, On this video it as at 5:42, where you say, "So it's about seven dollars plus at 602, there's two dollars of upside, so, nine dollars" - Please explain this. Why would I, the investor make an additional two dollars "of upside" if I sell a 602 call? The buyer of my call gets the $2 upside, NOT ME AS THE SELLER. Please explain.

[@zuryashgebremariam8507]

Can you teach options for beginners

[@ST5S5]

There’s lots of resources for options basics on YT. Watch those videos to understand basics and come back to these videos

[@PaulAlan21]

$200K in one Stock option, man that can turn south real quick on you if it crashes. Love your videos though.

[@mariodiaz1644]

Thank You Henry

[@DNin210]

Will be difficult to sell CMG options unless you pick third Friday of each month. No volume.

[@cookingclips4901]

When you say if you have 200k are you saying you put 200k into one stock such as Tesla. Nvidia or Palantir. This should be if you have 200k on the side to pick one stock. I'm new but looking to learn leap options, the wheel strategy etc but looks a bit complicated. The easy way is to purchase stocks but knowing the call and sell options seems like a very good way to make passive income.

[@aat3tville181]

Been watching Henry for a while and also the wheel strategy. I really dislike discord and most of the guys like Henry that I follow are all on Discord. I am slowly exiting my realestate holdings and putting 90% into the wheel strategy.