Make $500/Day in Safe Passive Income With Covered Calls (Options for Beginners)

[@ameerskater]

Great video. How do you find good stocks to sell CCs on?

[@InvestwithHenry]

If you are part of my email list you got it last week.

[@MJ52442]

@@InvestwithHenry how do i get on that email list ?

[@kaavincraig4765]

Video is misleading. He's showing the buy call screen and talking about selling a covered call. Totally different things.

[@ajahijernigan4051]

@@kaavincraig4765the price u buy call options for is the same price u sell a covered call for lol

[@scottamolinari]

@@kaavincraig4765 Yeah, I caught that too. Covered calls are selling options on the stocks you have and it is a bearish position. Meaning, you don't want the stocks to go up to collect the premiums. So, he did explain that. He also says "sell the options" during the KHC explanation. So, I'd chalk the "buy" being selected in the NIO example as a simple mistake.

[@CraigBarrettEsquire]

Great video! I have been doing the wheel strategy with SPY selling puts at a desired entry price and selling calls at a price above my cost basis. This is a high percentage win strategy. However, I have been experimenting with credit call bear spreads where it allows me to sell calls and collect premium without putting up shares for collateral (covering the call). By buying a call at a slightly higher strike price and selling one at th lower strike, same expiration date, allows me to collect a premium and benefit if the price of the underlying security stays below the strike price and expires worthless. but I do not need to own 100 shares of the underlying security. However, I am primarily generating income with my covered call in SPY rolling them out for a credit if the market moves against me in the short term since I do not wish to be assigned, disrupting my buy and hold strategy.

[@AbrahamSalem-k4o]

I sell cov calls on avgo ,visa,aapl, and ibm. Do you recommend avoiding any cover car positions during X dividend months? Thanks for all your input - really enjoy your videos

[@CarltonsTravelAdventures]

I do puts on AMZN. Good premium and I believe its low enough right now. I would like to know more about rolling up and down. I never really roll my positions, but I have friend who love to roll. I thought it was best to just get assigned the shares when I do puts (if against me) then do a call. Few weeks ago I did a put and got assigned then did the calls and loss the shared at $2 higher, but made the extra $200 plus the premiums. I thought it was a good week. What the big advantage in rolling up and down?

[@edmandell3064]

Great Video Henry! When doing Covered calls on Dividend stocks do you close your position 2 days prior to the Ex dividend date to capture your dividend pay out? I wasn't sure if Heinz pay Dividend before July or not.

[@orlandogarcia3018]

I think should be after

[@MrJeff1256]

As long as your strike price is out of the money you will collect the dividend. If your in the money and the put price (on your strike) is lower than the dividend amount your shares will most likely be assigned the night before ex-dividend (Shares sold, no dividend). That's my experience anyway.

[@scottamolinari]

This is one of the first strategies that made sense to me and one of the first ones that also seems to be fairly foolproof. The other is cash covered puts. As I see it, the overall concept of the covered call strategy is, if you own a security that also has options trading on it, if the price is currently lower than what you bought the security for, you can use covered calls to "make up" the lost value of the security, while it is down. If you do the trades right, you can get continuous income despite your losses or even while you have losses in the stock market. Anyone, do correct me if I am wrong. (I'm admittedly learning all this currently).

[@xjhkmx]

What do you do when you do CC on a stock after buying 100 shares but it keeps going down. That’s what happened to me with PLTR. Now down 80% on shares

[@rexrandall33]

I sold a CSP on Sofi today at the 5 dollar strike with a expiration date of May 5th. Premium is 9 dollars my first transaction in selling options.

[@shogo359]

Great video as always henry and appreciate the content. SO here is my question for you. What are your picks for small portfolios starting out with a few hundred bucks? Like 300$ what would you do right now with it?

[@mad-k6q]

This should have a disclaimer cause stock market results aren't guaranteed which it does below the video.

[@geomi3185]

Henry two questions . 1- how do I get on discord 2- how do I get on mailing list . I’ve been a subscriber here for a long time and haven’t seen a link to either . Thank you

[@User42023]

You have to pay $5,000 for his course

[@slotrey]

This is one of the best covered call vid I've seen. Love that you used NIO too one of my favs.

[@kaiboc1]

Doing the wheel strategy on SOFI stock, I would be interested in getting your thoughts on SOFI, thanks.

[@jake_hull_offical]

Hey Henry, I’m brand new to selling calls and from Canada, how can I make sure that the calls are itm for me

[@anthonyconyer7158]

Henry I'm new to options just starting doing covered calls for Sofi , tqqq, and Exxon please give me some strategies for optimal results

[@PeteCLeonard]

Selling CC on; PTON, W, PINS, F, CCL, AG, CVNA, MPW, MAC, CIM. Selling Puts on; FRC.

[@CRpatriot]

Hi Henry question why are some of the buttons in the bid price red or green?

[@Brayness]

20.5 PE is extremely high for a low growth packaged food company. The S&P 500 PE ratio is about 22

[@gawtwins1]

When should you roll up on CC?

[@c.fab.236]

Watched a lot of videos trying to learn selling call and puts this video is gold thanks bro new subscriber 💪🏼🔥

[@konstantinos2926]

Great video. I really want to see TESLA and how you use the GREEKS along with IV, thanks!

[@henrybohannon4488]

What is good DELTA, to use for covered calls?

[@maximnikulin6500]

It's Robinhood broker?

[@Gman-69]

Thanks for your video Henry! What kind of options can I do with around 1500$

[@mrpremiumoftheoption116]

My two favorite div stocks to write/sell options and wheel, are MO and OKE! ...3x that div ;)

[@guyhickson7332]

How does options affect dividends?

[@abinasroy]

do u have any monthly stcks for coverd call, so we can buy those stocks of 100

[@tavish2696]

I don't really understand why he's explaining cover calls like they're a bearish to neutral strategy. You don't want to sell covered calls on a stock that has seen consistent loses over time, it's honestly the complete opposite. You want to sell covered calls on a stock that has seen consistent and stable gains or a stock that you would already own. The premium is just a cushion to protect you when the stock goes down. You also want to trade on a really low delta for maximum security. I'm talking between 20 and 30 delta. I'd take a 30 delta for ETFs like SPY or a 20 delta for stocks like NVIDA. It's all about the typical volatility of a stock. While the higher premiums of high delta options seem appealing, there's a larger risk of seeing more losses. Covered calls aren't meant for substantial gains, they're for consistent gains.

[@BradHelsing]

Excellent video! Thanks to this, I've taken notice of companies that are much more reliable than the ones I currently use for covered calls. I watch videos and read to learn everyday, and I learned something from this video out of hundreds of others where I learn nothing new. Thanks brother!

[@adaptableeffort]

I don't think you got an additional 5.1k at 15:50. that was just your total credit including the previous trade but your additional (net) credit i think is the additional credit added to your buying power.

[@donaldlyons17]

Yeah and he even used the term "safe" Well if it is so safe why do you offer stuff in exchange for money then? His month comes from the other stuff and this is just extra income. Not an issue but traders like to act like trading is where they get their money from when it is not at all!!!! Honest truth is that they tend to get their money from other sources.

[@Art65483]

It can be a little moody sometimes, but I will frequently include ENPH into my wheel/ covered call positions for income purposes. Excellent video sir

[@please866]

How's the enph strategy going 🥴

[@Art65483]

@@please866 A bit meh right now. Selling covered calls so it's not too bad.

[@colbyshaw7163]

NIO 7.70 bottom?

[@stanoneil8449]

Henry , I noticed your shorting QQQ.. why ? Also noticed A tremendous amount of short interest on QQQ ON THE 6/16 expiration!! Something going on we should know about??

[@ZeroCostCylinder]

I been watching you for a few years now. Ty for your time and your hard work. Please keep it coming.

[@InvestwithHenry]

Ok thanks!

[@jonkayaci]

which platform is this pls?

[@thyellepinheiro5281]

But you were in “buy call” on NIO…shouldn’t be sell call??

[@bigscottieb]

My thoughts here too 👆🏼

[@jiti5034]

What about downside risk?

[@yvonnek3968]

Thanks Henry! I look forward to all of your videos.

[@cometalk14]

Hey Henry, do you have Moldovan’s roots?

[@InvestwithHenry]

Yes

[@gregorgman]

Is this your personal account or a demo account.??

[@carsonc1272]

What happens when you run a covered call and use your margin for a cash secured put on the same ticker that you never plan on selling? I guess it's called a covered straddle/strangle. Is this ever done? If not then why doesn't it work?

[@_L.R.]

.

[@richardpollard4726]

i would be interested to learn. i do currently invest in stocks but my current platform doesn't allow for trading options etc. Is there any platforms in the uk you recommend and do you coach over seas?

[@platinummontu]

You put out some good quality explanations and sensible trading strategies. I have seen an occasional video where we catch a glimpse of a spreadsheet you use to track cost basis in your options strategy. Would it be possible to do a video reviewing how you track your cost basis and determine how your overall positions on a stock has worked out over the month(s)/year(s). I would love to see a scrubbed/fresh spreadsheet or potentially a download. Any chance of a video on this?

[@askmewhy1911]

Great Job. , amazing How about Tqqq, Soxl , Sqqq , basically 3x ETF , can you do Sell call or its more risky ?

[@ayeshash2001]

Great video. Do you have a strategy for a stock bought over the course of some time at much higher prices (e.g. BABA, COIN, JPM etc.) than it is trading presently? Thanks

[@steveno7058]

NIO is down another 40% since this video. Bad call

[@Galileo9.81]

New to covered call and cash secured put. I use margin and it is easy to buy 100 shares with margin. But somehow the cash secured put order doesn't go through saying that i don't have enough fund. Can't you use margin on cash secured put orders?

[@starr8111]

Do u have video on how to roll your position

[@jeffjohnson9872]

Henry, I've been thinking about a strategy of when a stock has a dividend coming up on this Friday to sell a call credit spread because we know that 99% of the time Scott stocks go down on the ex dividend day Period Let me know what you think

[@waterfoker8558]

so what do you do when the underlying drops, like yesterday, spy dropped to 406, your average cost for spy says $435.46, your total return is -$70k. yes selling covered calls will give you consistent gains, but if the stock has tanked, you lost big time... your covered calls are now playing catchup to make back what you lost...

[@rayarias7127]

Hello Henry, March 29 I sold a $250 Call on TSLA X $22.65 for 1/19/2024. Today (4/24/23 I bought to close the $250 Call for $7.80. Did I rushed to save my shares? I would like to hear your opinion. Thanks.

[@aidabarrasso3138]

All your videos are AWESOME..Thank so much Henry🎉🎉🎉🎉

[@InvestwithHenry]

Glad you like them!

[@lowellunlimited]

Hey man, love your videos. I'm interested in trading super sized positions (50k-100k+). Any ideas?

[@lowellunlimited]

to clarify: I solely trade QQQ and SPY, mostly daily options and some weekly options, looking for tiny gains for extremely low risk. But if I wanted to risk more of my portfolio at once, how would you go about doing this?

[@karthik_sv]

I had a call with henry's team regarding 1 on 1 coaching. 15 minutes into the call he going on asking questions which i respected. But later he started asking personal questions and after wasting my time for 20 minutes, he did not even talk about the course or coaching for even a minute. Felt like a scam to me. When i started asking if he could talk about the course a bit he said he cannot do that and cannot share information about it. The person on the call was Noah Beggs and he was super rude and did not for a second gave me any information about the course. he is definitely not fit to onboard custormers. Henry if you see this pls take care of it.

[@scottrobinson2678]

Do you alter your approach in a down market (which may be on tap after the first of the year)? Let's say on SPY.

[@mnguyen1770]

Can you look into TQQQ

[@djicorma]

I will try this

[@leewightwick400]

what broker are you using to place these trades?

[@InvestwithHenry]

calendly.com/invest-with-henry/option-income-academy

[@Cody23D]

I restarted up my credit spreads account at the beginning of March and I trade 2-3 spreads a week. I’m up 30% as of today my target is 5-8% a month but I had a couple really high confidence set ups that I put more size on and held longer that is a good portion of the gains. My question is what would you recommend is a good profit target for a wheel or credit spread account? I choose between 5-8% because that adds up to roughly 100% gain in a year when compounded and I felt I could manage that given the accounts smaller size. As it grows I’m worried about putting more risk on. Any thoughts would be very much appreciated thanks!

[@thegormlesstwit849]

I'd like to collab on that. I love doing spread trades for low-risk, decently rewarding trades. Do you have a Discord channel?

[@NJones-tj2uo]

What was the outcome of this convo? Combining spreads and the wheel strategy sounds like a good move! I’m currently doin the wheel strategy on SPY, QQQ and IWM because of they offer contracts that expire multiple days a week and their low implied volatility.

[@Cody23D]

@@thegormlesstwit849 In the future I’ve considered collaborating with a discord. I’m a member of 4 trading discord channels and everyone has a few other member that have their own side section. Right now I’m about to start my last semester of school so I’m still pretty low on time I also have kids and work full time as a military contractor. Do you currently have a discord?

[@Cody23D]

@@NJones-tj2uo Currently nothing I’m terrible with my time right now. I have young kids and work full time and have been in school full time so I literally am working or taking care of something every bit of my time I’m awake. About to start my last semester for the summer. One change I’ve made since this post a couple weeks ago is finding higher IV puts to sell and being very very picky about the timing of selling them and letting their value die quickly. Example PACW. Sold 3 puts and unfortunately was assigned but fortunately they were assigned in the money. Sold a lot more puts and then calls so as of today (Monday) my average cost basis is literally (-$4.54) I’ve received $2,692 is premium in two weeks. I currently have 7 puts open that expire this week and will close them Monday or Tuesday and $7 strike calls open expiring in June against the shares since they are free shares I do want them called away on a rip I’d prefer to let them go. I also started selling puts on F because 11.5 is a good support and I think it’s a decent cheaper stock to hold at least 100 shares of if not 200/300 shares for the next 20 years. Honestly at this point when I’m done with school I’m just going to sell credit spreads and take the profits to buy 100 shares of a few stocks in a long term account.

[@thegormlesstwit849]

@@Cody23D no , but that's a 5 minutes job

[@peb3232]

From my research I'm finding that one of the most popular (and profitable) strategies is the Short Strangle - coupling a Covered Call with a Cash-secured Put. You're basically activating both sides of the Wheel Strategy at the same time instead of just one before the other. Any thoughts?

[@Brayness]

Short strangle is a great strategy but it does not use a covered call; it uses a naked call and a naked put

[@edmandell3064]

@@Brayness I believe a Covered Straddle is where one sells a Covered Call and a Cash Secured Put on the same underline security. You need 100 shares of the security AND cash equating to 100 shares of the strike price you chose.

[@Brayness]

@@edmandell3064 That's correct (Or it would be a covered strangle if the strike prices are different). But a standard short strange is an extremely different trade since the margin requirements and risk profiles are so different. Since a covered call is the same as a short put, a covered strangle or straddle is the same as selling two puts and has no risk to the upside while a standard strangle can cause losses in either direction if the underlying moves enough

[@tonycrouse6544]

Iron Condors also work well with low volatility stocks as long as the stock has adequate liquidity.

[@roseanneroseannadanna9651]

Interesting! I am down with the concept of low % gain on the steady. Casino's do the same thing!

[@abelardobatista3980]

Great video Henry, I have this question: When doing Covered calls (selling calls) on Dividend stocks do you close your position prior to the Ex dividend date to capture your dividend pay out? or how you do it? Because if you keep the short call open my guess is that you won't be making any profits from it right? Thanks in advance for any information.

[@bigscottieb]

This 👆🏼

[@investorwayne]

not speaking from experience in this situation but from what i understand from owning dividend stocks. If you own the stock on the ex dividend date you will get paid the dividend regardless of your options obligations b/c ex dividend date is a date of record of who owns the stock.

[@abelardobatista3980]

@@investorwayne based on theory, you will get paid the dividends for the stocks that you own, but you would have to pay for the dividends from the short calls as well, my best guess is that you would stay flat.

[@zoraster3749]

You get dividends you own. There is just a risk that your shares get called away before ex dividend if your covered call is close to in the money.

[@pattwidale4045]

I had a good run with TTD, but now it is going up so fast that it has become out of my price range. Is that mismanagement on my behalf?

[@Studio54MediaGroup]

If your starting with 10k or less would you recommend the poor man’s covered call?

[@billkmagic]

Henry, getting ready to start your philosophy with $3000. I am 56 years old. Any pointers on best stocks to do covered calls and selling puts?

[@InvestwithHenry]

Yes watch my covered call videos

[@billkmagic]

Thank you very much.@@InvestwithHenry

[@BradHelsing]

And a year later, NIO is @ $5.

[@vincenth3267]

What application and broker are you using Henry?

[@victormmusicofficial8815]

Moldavski is your last name ? Or the country you are from ?

[@103eaglecrest]

How are you receiving dividend income on the 4/28 contract and 7/21 contract? Were you eligible on both dates to receive dividends?

[@hyungmin20161]

hey henry, i've been trading alot of options before earnings and recently had a big loss. I am switching my strategy to covered call/ sell put to be more stable and be less stressful. It is a good time to buy stocks to do covered call/put sell? or is there a better strategy when the market is elevated? thanks a bunch !

[@laurencegravenor1943]

Let's say I wanted to buy 2500 shares of Ford. It's currently $12.10/share. Could I Sell 25 Put contracts for $12 a share with the longest expy that has volume, which is like $130 premium per contract. Then if Ford fell to $12 just instantly buy the 2500 shares that I wanted anyway, while collecting the $3250 premium.

[@aldomale8163]

You will never find a $130 premium for Ford contract unless the strike is very high and price of the stock is very down, which is not a good deal

[@aat3tville181]

I have a diversity of cash flow AirBnbs , high interest loans and covered calls and of course micro cap IPOs but truly the security in covered calls is amazing

[@aat3tville181]

@@forexandstockmarketmakers how?

[@macypalmer239]

How do we join the discord?

[@InvestwithHenry]

Schedule a free call to discuss it calendly.com/invest-with-henry/option-income-academy

[@MaxAtLarge]

Is there software out there that will do the sorting for us? Seems like that would be the best way to go. Too much if-then stuff in my opinion. I want something simple, like here's 5 choices!

[@gautamkarmakar3443]

I like selling covered calls..this is good motivating video but didn't see your NIO trade through.

[@Kk-iw4ck]

Great stuff uncle Henry !! Keep it up been following for year and you taught me so much !!

[@royalemusicofficial95]

Is this safer than Forex? Been looking into forex the last few months. But what do y’all think about calls and puts?

[@michaelwood4932]

I hoped into a $85 call on IIPR but banking on earnings to recover from this huge drop it took. I'd appreciate any thoughts. I'm new to the options game. Enjoying your videos. Learning a lot.

[@khan_irshad]

Hi cool info, Thoughts on COIN stock? selling covered calls

[@make10000]

OTLY is my wheel strategy

[@bobbyscanlon664]

What do you think about the “Call Debt Spread” I can’t seem to understand how it works?

[@elroyblackbean]

Calls for my COIN holdings just went from $800 on a weekly contract to about $30 over a few days for the same strike when the underlying dropped 25 or 30 percent. I just don't understand how this strategy can be considered safe in the face of volatility constantly changing your weekly income, and the value of your holdings moving so drastically.

[@toddwanamaker4058]

great info

[@DocStrange131]

Did you tell us how to make $500 per day on covered calls?

[@brianwheeldon5732]

Thanks for the video! I currently have covered calls on AEHR APA DVN ELF GOOGL

[@kevinr8431]

What happens when the underlying stock price starts plummeting in value. your liable to lose months of gains

[@eliasyoh]

You are an angel can you please help me with some questions i have ? PLEASE

[@Crowe828]

Selling covered calls tho you have to own 100 shares don’t you? So how exactly does someone starting off has to invest in that first?

[@Pacersilver10]

Do you or know anyone that does stock options copy trading? Like a hedgefund or PAMM of sorts.

[@argentinarodriguez4170]

Please, where is the Part 2 Margin video?

[@InvestwithHenry]

I won't be doing it. It was not popular and the comments were very mixed. But I will include some margin insight in another video I just won't make it only about margin

[@argentinarodriguez4170]

@@InvestwithHenry That was an awesome video!! But I miss the second part!!!😇😇😇😇😇

[@rogermarazzi8045]

Yeah, I was looking forward for part 2 ☹️

[@kevinz3523]

​@@InvestwithHenry we need part 2 pls

[@rhomi1000]

Can i start with $500

[@InvestwithHenry]

Yes

[@vikasgupta1828]

Thanks

[@darrenvo567]

Isn’t a cover call selling a call not buy?

[@0786AHA]

I have been using covered puts on AMC. The IV was really huge a month ago and returns were amazing. Need to identify high IV securties. ✅✅✅

[@buddhavaro]

Teach me master 🙏

[@thegormlesstwit849]

Trying to sign up for your free weekly email, but "404 We are sorry but the page you are looking for cannot be found"

[@great-eyedea]

can you do this with crypto to?

[@InvestwithHenry]

No clue about crytpo.

[@westkraig]

His vids are not for beginers, he leaves a lot unexplained- otherwise very good.

[@vidpic8311]

What are you talking about the dollar is the strongest it's been in years????

[@klebercoutinho7349]

The best decision I ever made in my life was investing in financial market. Trust me guys, it pays!😊

[@jordangeorge403]

You're right 👍

[@jordangeorge403]

I bought Bitcoin and Ethereum August last year and I made 6grand into half a million after taxes. Now I took that half a milli.. basically made me more money than 35yrs in granding within 6 months. That's digital currency

[@raroldroldan]

@Marcole Margalho I've been trading with Mrs Jane for a long while now she's really amazing and trustworthy she has the skill level of trade always winning with her trading platform

[@raroldroldan]

She's really amazing with her skills..she changed my 0.5btc to 2.1btc

[@martinvaisman8578]

@@raroldroldan Great!! Is to know you are making progress Keep it up😊

[@chully99]

The 0.49 price was buying a call.

[@starr8111]

4:00

[@starr8111]

12:40

[@alexwong8283]

Nio was a bad example lol