ONLY SPY Option Strategy

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𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!

[@Mute_Panda84]

I like this dude, doesn’t sound gimmicky or salesy. Subbed.

[@cristobalcardona5592]

You are 100% correct selling covered calls on SPY is a great strategy. It just takes 45,000 more or less as seed money!

[@josephsaeteurn9158]

lolz

[@amirkadir8427]

You can also do this with Credit Spreads. $5 wide spreads sold at around 0.10 to 0.20 Delta can provide a nice cashflow with $500 in capital per spread. He has other videos about this.

[@KatherineAnderson-lm8bw]

I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.

[@brittanynicolette9473]

This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor ?

[@SophiaBint-wj8wn]

I understand the uncertainty of tomorrow, and I agree that starting to invest today can be challenging, especially without a clear understanding of where and how to invest. Since I've personally tried navigated the path to passive income, I'd be delighted if you can offer me some guidance based on your experiences that help you embarking on your own journey towards financial security.

[@philipcollen482]

I never expected it, but after closely monitoring my portfolio's performance, I was astounded to see it generate a staggering $473k in just the past two quarters. This eye-opening experience has given me insight into why experienced traders can achieve remarkable returns even in lesser-known markets. Taking this leap was undoubtedly the boldest decision I have made recently.

[@PhilSommer2]

That's impressive! I could really use the expertise of the advisor, my portfolio has been stagnant.... Who’s the person guiding you?

[@blessingpaul5484]

Thanks for this tip. His website popped up on the first page immediately I searched him on google web, I read through his resume and it seems pretty tight. So, I dropped a message & hopefully he replies soon.

[@sammyjarochito2755]

Hey Henry, I really enjoy this type of videos where you just talk and go over your Robinhood account. It's like a lecture to me. It's a type of lecture where I really enjoy every second of it. It's very valuable to me hearing about your experiences. You tell us the truth and that means a lot. That means you actually care about us. You want the best for us. God bless you Henry.

[@papablue3352]

👆

[@krunchyapples]

You told me exactly what I needed to hear because I *always* kick myself for closing out a position too early and missing out on further potential gains. It's good to be content with making any gains at all as long as it's consistent

[@dreamchaser761]

Love love love that you took the time to teach these strategies! My husband made me watch your video June 9th. The following day, I performed a put credit spread on SPY. All I can say is... I'm hooked!!! In a week of trading I took my $6, 300 portfolio and increased it by a little over $3K! That said, in the last week my portfolio has increased by 40.50%. It's so easy it's scary... Kind of waiting on the other shoe to drop scary! But, I'm here for it. Again, thank you for sharing your wealth of knowledge! God Bless & Safe Travels

[@thawdani]

so are you up another 40% this week?

[@bixudiwon6363]

you are on the way to loss everything.

[@ProBuenoCo]

Very sorry to say that I have been using put credit spread for SPY for the last 10 years and it is not possible to earn 40% even in a year. SPY does not go up steadily, it bounces up and down. When it goes through the lower strike price the loss is 4 or 5 times the premium you collect.

[@vhddbh097]

Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $225K has yielded nearly $1m after subsequent investments so far

[@Arch.ChrisRichchardson]

Merely looked him up on Google and was highly impressed by his credentials; I got in touch with him because I need all the help I can Get.

[@MrsIsabella-mf4iw]

Thank you for this tip. It was easy to find your coach. Did my due diligence on him before scheduling a phone call with him. he seems proficient considering his Resume.

[@EmmaWhite-zq4pq]

Carefully Observed benjamin harris brown online and researched his accreditation. he seem very proficient, I wrote him detailing my fin - markt..

[@jessehenderson3013]

^spam

[@TheBeebs999]

Wait for it, wait for it folks "I recommend such and such he's great you can easily find him on the net" etc. It's called 'hijacking' someone's posting, in this case Henry's. Hate it !

[@sincitycapital]

He makes the 2 million fast trading Tesla with out of the money spreads then says I'm just here for the people who are serious and want to get rich slowly only opening 15 delta credit spreads that make like $20 with risking $500. Nobody who already has 6 figures and knows anything would ever spend their time watching these silly videos where he contradicts himself from like 2 videos earlier all the time like with rolling for example where he says it's stupid one video then a week later rolling is great and that's what he always does. Mixed in with trick thumbnails and titles and weird mood swings and trashing America even though he'd never have that 2 million if he grew up in Moldova or Ukraine. I'm sure rich, "serious", sophisticated investors are just lining up to take his advice.

[@amirkadir8427]

Good point. I still see value in his content.

[@sincitycapital]

@amirkadir8427 I still watch most of his videos

[@finanziker]

The premium is usually much higher on cash secured puts than on covered calls. I prefer CSP. And on a large Portfolio it is easier. If you have only 100 shares and price drops 30% you either sell a call which is below your entry price or you get almost nothing for your call at Entry price.

[@ProBuenoCo]

If the stock drops 30%, the CSP will get assigned and your assigned stocks will go down close to 30%. Am I missing something?

[@finanziker]

@@ProBuenoCo Most likely, it depends on which strikeprice you have choosen. Usually when I sell a cash secured put I choose strike price 5-10% lower than current price so you have a margin of safety and if you are assigned you are down less than if you had just bought the stock and sold a covered call at your entry price.

[@patrickalexis6230]

As a total package this is one of your best videos I've watched.

[@InvestwithHenry]

Thank you!

[@jamesavze]

💯

[@jeffadams9805]

Agreed 😊

[@royalsof]

Love your non scripted approach, and you are my most watched on KZbin. My portfolio is about what it takes to click and buy your link (on day I will though), so covered calls can't be my thing. I'm doing ok but options over earrings calls, but it still feels like gambling. I'd love to see deeper into your analysis methodology for small account trading strategies! Keep doing it your way as it's the best options education on KZbin.

[@InvestwithHenry]

Thank you!

[@svnbit8408]

​@@InvestwithHenry You just mentioned you have students, that's something I need, gonna check ya out, few minutes in you have a lot of insight into behavior and personas etc and id love to get your takse on particular strategies for setting up for long term, and short term, I'm really interested in building business credit fast for other endeavors etc. Sounds like financial advisor stuff but I'm sure I could articulate better over a call and I'm sure you're familiar with some common use cases, your own experience etc. as you developed and prioritized. Cheers

[@mofuggly4303]

Dude, I've learned more from you than all the books I've read for years. Thanks man.

[@sasasa6324]

thank you Henry. This is one of the many great videos. I would like to know by rolling a ITM cover call, means you are closing the current one for a loss and buy a further DTE & higher strike price cover call, right? Since you are buying Nov cover call, why did you choose 444 only $3 away from your current strike but not going for higher? Thank you.

[@gregorgman]

Get to it, stay focused on your topic

[@markbeeson2858]

Henry! Don't bash real estate! If you know how, real estate is a great business. Good or great tenants = good or great business. If you have bad tenants - well guess what - it's a bad business. Now for me, back to learning about options from you :)

[@jc7887]

You are the best teacher on YT. Hands down.

[@Myscentsei]

Great strategy for those with alot of play money.

[@chrisa.9977]

Addressing Minute 6:50. Take a look at some 1-2 week debit call spreads with some good premiums. (Right now 03/18/2024 that’s NVDA, COST, META just for example) Set your probabilities around 15-20% on the short strikes. And then multiplying the contracts to get you decent amount of income. And quick too! Position size according to your account. Debit spreads/risk-free Long calls/1-2 week butterfly spreads/and of course all the credit spreads because they are just the bread and butter of options income.

[@PeggyDarling]

I love Henry's digressions into stories mixed in with such valuable teaching! Henry has very interesting stories, psychological opinions, and his conversational style increases his credibility and makes him relatable and down to earth! I know I am learning a lot from a good guy, who knows his stuff, and is trustworthy.

[@InvestwithHenry]

Thanks a lot!

[@scottamolinari]

Ahh.. that last comment mentioned about controlling expectations. That is the absolute key to good customer service (which I'm an expert at). So many businesses and people in general do not control expectations of the people around them. And, to have a good relationship (any relationship), you must always, always control expectations and, in the end, live up to them. Because, unmet expectations are the core to unhappiness.

[@zoeytank2921]

Every crash/collapse brings with it an equivalent market chance if you are very well informed and equipped. I've seen folks amass up to $800K amid crisis, and even pull it off easily in an unfavourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich.

[@graceocean8323]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience since the 08' crash

[@hannahdonald9071]

@@mcginnnavraj4201 If that isn't the harsh reality, what is? This financial consultant you are following must be doing something right, Please who is he/she?

[@aroy3719]

Over the last decade, SPY buy and hold has by far outperformed SPY covered calls. This is because covered calls limit the upside gain while almost fully expose the downside risk.

[@rickshipley7232]

Market has had a big run. What about letting your spy calls be called away and then sell puts on spy? Would the overall income been more in a shorter time frame?

[@americandreams8200]

Henry, you mentioned in one video that you are buying 1000 shares of NVDA and planning to hold it. Can you please make a video if you did it, and if you are doing covered calls on NVDA. I got stuck on my NVDA CC. After big jump after last earnings. But I’m planning to hold and just roll it, probably forever. 😊 Thank you 🙏

[@josephsaeteurn9158]

i wish i have the portfolio like you guys buying giant names..

[@RichardAkin-qj6xt]

What stocks or ETFs did you buy in Robinhood when you started option trading? You said you started with $2k. What would you suggest I hold and how much of $6k would you invest in options? This is not the only money I have, so would you use it all for options or buy some stocks and ETFs? I'm using about $2k for options, with a 6k portfolio.

[@mark-se6ef]

disclaimer, dude you know a lot more than a financial advisor.

[@GeoEmertech]

some brokers offer interest on cash in your account. About 4% per year right now. So selling PUTS has this going for it instead of dividends.

[@juliensavary]

#1 option trader 5+ yrs

[@billmanhillman]

Can't thank you enough for inspiring me to build my own dreams, instead of building everyone else's. Cheers 🍾🥂

[@lasvegasadventures8729]

You're basically talking about wheeling on SPY but the main risk of selling CC is the underlying. What you gonna if SPY dumps and your CC collected is not enough to cover your SPY losses? Also, stay focused and stay on topic. You could have done all this in half the time.

[@DribbleReel]

Hi Henry so i do understand the concept of this covered call strategy, but for example.. if you did do the 445 cover call and collected that premium, looking at the price today ($451) you wouldve lost a lot more than what you wouldve made correct? so wouldn't it make sense to just leave the portfolio as is?

[@janshuster1426]

Sell calls at a strike you would be willing to sell. Or roll an option to a higher strike further out in time.

[@scottamolinari]

I've been just getting into learning about trading. And, tell me if I am wrong, but options combined with an investment strategy is the bridge between trading and investing. It's not as boring as just investing, but also not as "heated" as trading. I like this way of working with my money. Least amount of effort for the best gains possible. Again, correct me if I am wrong.

[@travismartinson1813]

I like selling covered calls on SOXL. It is pretty volatile so premiums are high. The call selling also reduces the volatility of owning a leveraged etf. I only sell calls when the rsi is high. I messed up in July and sold a call too early, but I was able to roll up on a dip and keep my shares. Now I'm looking to buy my call back in a week or two because the rsi is getting low so I can free up my upside.

[@ussailor]

What RSI you are normally selling call at ?

[@travismartinson1813]

@@ussailor I like to sell calls when rsi is above 70 on the daily chart.

[@LilyAnderson-nx7zo]

This is the best way to gain some profit on the binary options and trading I recommend watch more of this guy!

[@Tapontheprofileformoreinsights]

Get in touch.⏫️

[@alimolamohammadi8775]

He always does great videos, plus he worked on Wall Street so he’s got experience, appreciate your work very informative..

[@shankerchennapareddy5629]

I am dumb Henry. I started following your videos, I understood cash secured selling puts and selling covered calls if stocks are assigned. The remediation step of of rolling the covered call I really did get, how to implement it. you did explain but brain didn't grasp. Is it possible to explain with detailed steps? and the scenarios when I should go for it? I really appreciate your help.

[@Tapontheprofileformoreinsights]

Get in touch.⏫️

[@EricFine-f6r]

What happens when the price drops below your buy price? My experience with single stocks has been mixed. Perhaps the SPY is less volatile and more predictible. A couple frustrating things I have done when the stock price dropped and seemed to be going nowhere and selling a call at a strike lower than the original buy price trying to bring in some income. The the underlying shoots back up, you are then rolling up and out at extremely long dates in the future . Need to change my mentality and sell at the highs, not the lows.

[@ProBuenoCo]

I had similar experiences with individual stocks, spy and qqq. I have lost a lot of money in 2022.

[@clwu3333]

SPY is about 80 even is 2008 financial crisis which requires $8000 at least to sell SINGLE ONE covered call, so how did you start with $2000?

[@placebo64]

Maybe your trading style is boring, but your presentation is anything but. I commend you for your sense of humour. 🙂

[@sammyjarochito2755]

Please keep teaching us about the Psicology.

[@philochristos]

15% per month comes out to over 400% per year. That's cray cray.

[@desiexpat7]

Agree about RE. My $800k house generates less cash flow in rent than my $150k generating options can do. Yes boring works!! 😂 I like IWM (Russell 2000) a bit more nowadays....than SPY but as you said the boring stocks or etfs are the best.

[@rrallen13]

Henry,doesn't Selling Puts have the same risk profile as a Covered Call strategy? Do you employ that strategy? If so, have you any videos of your trades in that? Thanks, been watching your videos regularly.

[@housebyhouse6836]

whats the difference between rolling and simply closing and opening a new contract? I don't think I have the option of rolling in my account.

[@scotthenderson4376]

I'd be happy with 100 a month without risk. It was going but just got /will get stuck holding the bag till the stock comes back. Also trying to learn small payday on buying spy to build up some cash. Keep them coming it is helping someone for sure and I for one am grateful

[@jasoncatt]

I like some of your videos, bu t dude, if this isn't an advertisement for the need of a script, I don't know what is. Next level ramble my man.

[@superthumper1]

This works 3 times better as a synthetic covered call usinng in the money leaps

[@komandirlowe6104]

Great video. Thank you!

[@jackv.527]

Eye opening strategy. Thank you Henry Q: post-covid...in this crazy market..what has been your monthly ave ROI or annual on your SPY covered call strategy with the ~1.5M investment (80%) of your portfolio. Thanks again for this great content. Cheers.

[@SuperSuperSonny]

What do you think of Gold? Do you safe physical gold or use the option wheel on goldmine stocks? If not why not? Everyone is crazy for Gold at this moment?

[@geomi3185]

Love your content as always Henry . Just an fyi there is a way to own real estate and do well with no issues . I buy dirt and lease it to developers. I have numerous hospitals and commercial properties sitting on my dirt and after 99 years my grandkids will still be collecting the money but will then own all the buildings . No maintenance no headache s just cash flow. They can cash it all out at that time .

[@InvestwithHenry]

Very interesting

[@Funnyandstupid7]

@henry I have to say thank you I always traded options before I met your channel but you made my life simpler since I watch your videos and in the last few months joined your discord

[@quiztopics7395]

Love this video! 👍🏻 Question: How does the wash rule apply to options and assignments as I’m sure as you average lower there will be times assignments are higher within the 30-day period. Do you move to alternative stocks during that period? Thanks!

[@FigureFourNews]

So if you're starting now with $2000, what would your strategy be? Same idea with a lower cost etf?

[@qnn3449]

Yes sir Sell a put d20 same date Expiration Wait few wks - months, whichever position makes money near +40s 50s% - close that position then repeat. Boring modified straddle but work extremely well imho

[@alainsoltura]

Love the unscripted videos! Thank you for all your knowledge and showing your personality on videos. Great stories to teach as well. A+

[@davidjasonbruno1756]

I really want to learn this.

[@isuru7777]

Hi Henry. Thank you for very interesting video. Could you please tell me whether we can do this with SPX as well.

[@InvestwithHenry]

Yes we can

[@eugenejackson9956]

great vid. I would like to learn more. Boring can be cool sometimes..

[@pattwidale4045]

Is one mini SPY call 10 shares, or is one mini SPY call 100 shares? If one mini SPY call, is 10 shares, can you do a covered call with those 10 shares? Or do you need 100 shares of mini SPY stocks in order to do one covered call?

[@Bmlutfi]

As you are selling covered call options on SPY, in the case when your shares get assigned, do you go immediately and buy replacement of these shares? and in that case what do you do with the wash sale issue? Whether SPY or any other stock

[@corello690]

Could you do another video on Put credit spreads for income?

[@shammusic7577]

Cryptocurrency is volatile. Diversifying your portfolio is a sensible strategy. For example, I have deposits on Binance where I engage in trading, also staking on Kraken, investing in companies like Cannafarm Ltd, and I also participate in liquidity pools

[@herrickinman9303]

A covered call position has the same probability of loss as 100 shares of the underlying stock. The premium from the call merely lowers the position's breakeven price by the amount of the premium. But the probability that the stock price will fall is the same, with or without the call. I'm not saying you shouldn't write a covered call against your 100 shares of a stock, but you should realize that doing so is just as risky as owning 100 shares of the stock without the call.

[@piotrb6732]

Hey Henry! Could you make a video on margin investing? Very curious about the topic

[@trump45and2zig-zags]

Go big or go home!!! Lol

[@johnwilliamson958]

So correct me if I'm wrong, but to do this I have to either buy 100 shares of SPY which is trading for $458.23 (meaning I need $45,823) or I sell a Put for $367 with an assignment risk of $44,633. So either way I have to have an account that at minimum to do just 1 trade, has to have approximately $46K. Am I hearing this correctly?

[@riceball4u172]

Yes, 100 shares equal 1 contract.

[@horacioumfurer1194]

I am a 1 trick pony and in 2021 I made 95% of my account, in 2022 I made 57%, and in 2023 I'm up 20%. Volatility is so low that is dificult to make money without increasing risk. It is very boring, but I'm after the money, not the adrenaline.

[@viralgupta5630]

Good video. Can you talk about the tax aspects particularly the 30 day wash sale file

[@cancanturco]

Yes, CC are great, but you need to have the money to buy AT LEAST 100 shares TO START! so, what do I do in the meantime...😖 try to grow my small account....there's no other way 😢

[@chocolatecoveredgummybears]

love your videos brother, never stop

[@valleygreen8313]

Love the covered call strategy!

[@buensomeritano1755]

Good point about safe and boring vs risky and fun. That said, what are your thoughts regarding market neutral strategies vs directional strategies?

[@kurian380]

Henry, great to acquire knowledge from you. Thank you. It would be better if you can stick to the topic and keep it short rather than deviate to other stories and side jokes. It loses the focus and listeners may lose interest. Hope my humble suggestion is of some use.

[@CatzzMoney]

I like selling cash secured puts over covered calls. Either way, these strategies have time in your favor.

[@Oyunsevengencler]

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio

[@JamJells]

Great video. Like the approach, and dry humor. Deleting the pump and dump gurus.

[@MyLivingRoomMusic]

1:18 Not quite. More often than not selling a Put has the added advantage of leverage. Although the risk profile might be similar the capital requirement is much lower in a margin account. Unless required to due to being forced to trade on a cash account, you will make the same return potentially on a covered call than a short put but on the put much less capital requirement.

[@richardthorne2804]

I00% agree on covered calls. I took early retirement and I own 26 individual growth dividend stocks in which I sell covered calls strategically much further out like 4 to 6 months even up to 9 months. I also do the wheel strategy in a portfolio margin account primarily on the indexes and sector ETFs to eliminate single stock risk. Probably the only difference is I am predominantly a passive dividend investor that layers on CC just looking to double my annual dividend amount every year. The cash flow I generate from my portfolio margin account is icing on the cake.

[@surakshitsharma6081]

What’s your email? I have few questions about your strategy!

[@richardthorne2804]

@@surakshitsharma6081 is this legitimate?

[@Geor9e]

I’ve been gravitating towards this strategy as my goal is primarily to hold long positions in SPY. This approach can be seen as an income strategy or a way to reduce cost basis. Most importantly, it helps me avoid exposure to individual stocks, which led to significant losses for me over the past two years.

[@ajahijernigan4051]

I only buy s&p trackers and Amazon and a semiconductor mutual fund called field having maddddd positions open doesn’t work well for me personally

[@Veronica-d3g2j]

What about wholesaling real estate its like options you just flip the contract to a buyer ?

[@nikosolikos]

What happens when SPY is going down? Do you do switch to puts?

[@SB-oi4jx]

Hi Henry, when do you close stocks that you running the wheel on? If you are up big on holding shares do you ever close them out? Or do you continue to sell calls and puts?

[@jfinca]

Problem with this is if we have a drawdown you will lose big. You should protect with a hedge.

[@MKyaing]

In order to make Selling a PUT, must have $ for 100 shares for one contract right? For 10 contracts, it is needed a lot money. For small account, is it suitable? As it will be return a bit $ only for 1 or 2 contracts.

[@indexfundsrock]

love your content and the full transparency. ignore the haters clearly they are not millionaires that bash your videos. Roll those 30 contracts up and out or buy them back. take the small hit your up so big on those shares from 435 cost basis. Just read your book great read.

[@Extremestoic23678]

What broker is that?

[@poatmtv]

I’ve only gotten into options trading this year. Only playing with a paper trade account currently but I need a consistent solid strategy before I truly start with real money.

[@masamangtao6417]

If you're selling cash-secured puts and covered calls (wheel strategy) on great stocks you believe for the long-term (or especially on indexes like SPY), it's really a low-risk conservative way to be in the stock market

[@susuhtwe7228]

90 % of people need this kind of this in come . men if i can make some more couple k beside my job. it will help alot to my family . i still learning way to invest . u are the best Henry . 😊

[@chuckmc8979]

Just beginning the journey 😊.Definitely using ALL,ALL your time-tethered knowledge in my basic, simple (KISS)trades. High prob %(boring)BUT EFFECTIVE trades you have taught! Thank YOU Henry! God bless you!

[@tpsu129]

SPLG is also good.

[@akwolink]

I agree with you about Real Estate. Its overrated. No one thinks about the carry costs of real estate and headaches associated. no such thing with your money in the markets

[@babycutezz5665]

do you put $1.3 million in Robinhood? Is it safe? Thanks

[@bart_seavey]

Are there any ETFs that run the "wheel" strategy on SPY behind the scenes and are traded as a single ETF? (if not, you should start one, Henry!) My 401k account allows buying ETFs but does not allow options trading.

[@rameshwar-oy4eb]

Henry ,nice video.happy to see that you have been so successful .i would appreciate if you could teach me or direct as to how and where and thru whome can i learn this rolling down or rolling up strategy . This is very very urgent ,

[@derekphillips1039]

For someone just starting out and small account. What are some stocks that can get 100 shares and are good for covered calls?

[@InvestwithHenry]

Too many of them

[@marierie888]

Buying SPY Puts until January

[@sptrader6316]

Last year the S&P was Down 20%, how would you handle that situation ?

[@thetakeaway7825]

Ruthless with a heart. ❤😂 Who wants Henry with Mohawk?!?!?😮 😂

[@watertuckey]

were you originally "put" these shares, or did you do a buy right on SPY. Or did you buy them outright?

[@lovingleo11]

Great video! Just wondering as to when do you decide to roll? Do you have some mechanics around it?