Just watched your video on how you turned 24k into 100k, AMAZING. That's what I'm trying to do. I started with 6k and after 3 years I'm at 40k (not nearly as good as you)! I'm going to watch all your previous videos and maybe I will do better in the future. Appreciate your in depth analysis!
@CreditSpreadInvesting9 ай бұрын
Congrats on your success!!! $6k to $40k is an amazing achievement, especially considering it's been done over a 3-year time frame! which shows consistency, which is the MOST important skillset to have! I'm sure you have a wealth of knowledge that many people can benefit from! Congrats again! Let me know if you ever want to chat or have any questions!
@rgasta7765Ай бұрын
Red Byron, what strategy are you using?
@8n8ana564 ай бұрын
collecting 130 for one SPX contract means your short leg is at about delta 20 OTM on 1DTE or 20 SPX points higher than current level.
@charlesolinger973510 ай бұрын
xsp would work as well its 10x smaller than spx, cash settled.
@r.alexander90759 ай бұрын
What about liquidity? Slippage?
@MelissaThompson-w5y7 сағат бұрын
Angelita Cliffs
@drsuryakumara10 ай бұрын
Great video. How about if wee do put debit spread to downtrend like this? And start with small ITM and let it expired ?
@r.alexander90759 ай бұрын
Its virtually the same thing just your max loss is a few cents down (usually 1-5 cents) and I dont really know why
@hide2dan2 ай бұрын
how do you enter a "stop loss" in vertical credit spread? i keep missing buying out manually when there is a breakout; easily lost 3-4x premium
@CreditSpreadInvestingАй бұрын
What brokerage are you using?
@robbiewilson53093 ай бұрын
How do u figure risk to reward
@isuru77772 ай бұрын
Hi how to get $50 discount, KING code did not work
@ucheakusobi62815 ай бұрын
Are you still trading this strategy? What has been your winning percentage and deltas that you like to target? Or do you go by strike price ?
@ralphbisel95035 ай бұрын
I can say that premiums are way less now. He was collecting $1.30 credit for being 25 points away, credit as maybe half that now. Market matches up VIX goes down and basically your premium goes down for taking that trade.. To the point I am probably stepping back from trading credit spreads.
@ralphbisel95035 ай бұрын
Strike that, he is talking 1 dte, I was thinking 0dte. But premiums are low currently.
@ucheakusobi62815 ай бұрын
@@ralphbisel9503 I’m trying to figure out the sweet spot. I think 0DTE isn’t the best , especially with high IV, the trade gets away from you fast. 1DTE is good but the over night can mess you up quick
@jigneshsoni926310 ай бұрын
Wouldn't you need only $740 for this trade since you are receiving $260 of credit? This would mean your ROI would be around 35%
@CreditSpreadInvesting10 ай бұрын
Technically that’s true as well. I like to calculate based on the amount of collateral needed. It’s more conservative lol 😄
@jigneshsoni926310 ай бұрын
@@CreditSpreadInvesting Thanks for your quick reply. I just wanted to confirm.
@CreditSpreadInvesting10 ай бұрын
😀 anytime
@Keto_Mike3 ай бұрын
What account let's you do a credit spread in a Roth?
@CreditSpreadInvesting3 ай бұрын
I use fidelity
@JimmyCarterAkaBrandon10 ай бұрын
Thoughts on doing far otm 1 day to expiration credit spreads everyday I’ve been doing it my roi is 10% since the spread is normally 10 cents but I feel like it’s safer I know if the call goes itm im screwed since I need more contracts to make decent money so I also do a put credit spread far otm
@r.alexander90759 ай бұрын
I think its a decent strategy, have you ever been itm? Usually when I do 1DTE is just roll my tested side out and the untested side down so I gather extra premium to pay for the calendar roll. Usually you even get a slight profit from rolling or its a tiny debit. If it gets tested again you just roll out again.
@blackmagick774 ай бұрын
It's the term picking up pennies infront of a steam roller. The 10$ you get per contract isn't worth it.
@enki542010 ай бұрын
sell 4375/4380 call spread too close to the spx price. very danger.
@r.alexander90759 ай бұрын
Yes but big premium (1.3 on a 5 point spread) im guessing he went 30 delta and thats a good strategy
@enda99h10 ай бұрын
Hey, instead of taking a loss why don't you roll the trade?
@CreditSpreadInvesting10 ай бұрын
That’s a really good question. Because I’m trading a certain pattern, if the pattern breaks, it’s highly likely that I’ll need to pay a debit to roll and the chances of my winning on the trade is reduced, and my capital will be tied up. So instead of delaying the inevitable, I get rid of a bad asset, free up that capital, and move that money into another trading opportunity
@enda99h10 ай бұрын
@@CreditSpreadInvesting interesting, we both trade verticals but in different ways
@CreditSpreadInvesting10 ай бұрын
Yeah I don’t think there’s a right or wrong way to do it. At the end of the day, as long as you’re consistently profitable, that’s all that really matters… Do you roll yours out?
@enda99h10 ай бұрын
@@CreditSpreadInvesting When needed. I apply about 10% of my account per trade which will give me 10 rolls to defend. There's always a green day around the corner on a 1DTE! Most I ever had was 7. When I'm not sure I'll go with 6% of my account to be cautious.
@r.alexander90759 ай бұрын
@@CreditSpreadInvestingI roll out 1 or 2 days depending. You can still get credit in some cases. Just make sure you roll before you catch the deltas
@jigneshsoni926310 ай бұрын
can this be done consistently? Like everyday?
@CreditSpreadInvesting10 ай бұрын
Can be done consistently but I don’t do this everyday. Only when the setup looks right like you saw in this video. So in this example, theres the put side trade in the abcd pattern, when the higher low formed and when it breaks the previous resistance. You can technically also trade each subsequent day if the candles opened higher until it reaches a potential level of resistance, because it’s in the uptrend but I don’t feel as comfortable doing that since it breaks my trading system. If I wanted to follow the trend up or down, I do weeklies or even monthlies, which you can see in the video linked in the endscreen. Credit spreads are very versatile. It’s really all about managing risk and reward.
@jigneshsoni926310 ай бұрын
@@CreditSpreadInvesting how to do it everyday? I understand you can't win everyday but if you do everyday and you just win more than lose, that would be great.
@bmztrucking604410 ай бұрын
Theres a guy on twitter that has a good 0dte trategy , check him out im in the discord and have seen massive upside and consistency even has a youtube channel explaining it @maxoptionstrade Has a discord sub; whop.com/marketplace/max-options-trading/?a=btmz
@r.alexander90759 ай бұрын
@@jigneshsoni9263you can do it everyday. Roll out an extra day if you get tested. Usually you still get some premium
@ucheakusobi62815 ай бұрын
@@CreditSpreadInvesting what time frame are you looking at for entries of key levels ?