Retire on JUST $197,000 Using The Wheel Strategy on SPY (Pro Options Trader)

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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!

[@elviegoodness]

Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.

[@Bismarksolomon]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@Danielchirs]

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

[@ArleneMaxwell-l2p]

I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

[@Danielchirs]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@ArleneMaxwell-l2p]

Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

[@Michaelparker12]

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[@DhanaPayar]

Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@Olivia-z5c]

You are completely right, Advisors have information and paths that are not disclosed to the public.. I profited £560k in 2022 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@Jasonshelton-]

I've been thinking about going that route. I have a lot of stocks that I have maintained, but they are beginning to lose value, so I'm not sure if I should hold onto them or sell them. I feel hiring your investment coach would make it easier to restructure my portfolio.

[@Olivia-z5c]

“Jessica Lee Horst”, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Richie-3wr]

Excellent share, just inputted her full name on my computer and searched online, top-notch credentials. I've seen commentaries about advisers, but not one looks this phenomenal.

[@MasonAnderson-wx3xf]

I Hit 50k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Ann Elizabeth Messer for helping me achieve this .

[@brandBull-wf5go]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@EdwardZachary-lv6du]

She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

[@DrRobertEdward]

You trade with Ann Elizabeth too? Wow that woman has been a blessing to me and my family.

[@WelfareDepartment-xy2db]

I'm new at this, please how can I reach her?

[@JuddClinton]

I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.

[@alexanderrowan5723]

What I don’t understand is, on one hand we are told the stock market will crash and yet on the other we are told ways of investing in the market. Oxymoron or paradox? I'm considering investing over 150k, but I'm uncertain about risk mitigation strategies.

[@alecapaula1856]

Just buy Gold and protect your assets, the stock market is a rollercoaster.

[@LaverneWhitman]

The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds. Credits to my FA Kevin S Mikan.

[@alexanderrowan5723]

@@LaverneWhitman I appreciate this. After curiously searching his name online and reviewing his credentials, I'm quite impressed.

[@douglasjefferson8533]

Looks like he really knows his stuff. I also found his online page and read through his resume, educational background, qualifications and it was really impressive.

[@benjaminbritsch1749]

it is the same risk as if you buy the shares... if the market tanks 50% you are fucked...

[@Biggerstaff4]

I'm 55 and approaching retirement. Having avoided stocks since the pandemic, I want to give it another go. I am considering a 70/30 stock : bond ratio with $800k received from sales of my Bel-Air properties. What stocks do you think have the best chance to 10x in 5 years?

[@JayMomoa-4]

look at top-performing stocks like Nvidia, however its advisable to diversify your portfolio to mitigate risks using a financial advisor

[@albertzalez32]

Exactly, getting proper financial advise is invaluable, my portfolio is well-matched for every season of the market and recently hit 140% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year.

[@CaroLewis-j8k]

I've worked in real estate for over 25 years and have neglected a major stock portfolio, but I need a different plan now... mind if I look up the professional guiding you please?

[@albertzalez32]

Katherine Nance Dietz is the licensed advisor I use. Just research the name. You’d find necessary details to work with and set up an appointment.

[@MiaAmador-fl]

excellent share, curiously inputted Katherine Nance Dietz on the internet, spotted her consulting page ranked top and was able to schedule a call session. Ive seen commentaries about advisors but not one looks this phenomenal

[@terifong9816]

The more I watch your channel, the more complete understanding I get, thank you Henry

[@TheMinor18]

My man running the wheel strategy by making a video on this topic every month too! Lol

[@monicasoto6050]

Many of us appreciate the information even if he makes a video about it every month.

[@henryh3496]

because it works...... I do this with almost 300 but get about 1.2% a week

[@DramaQueen-gm1nx]

Thanks for the continuous update! I am super excited about how my crypto investment is going so far, making over 18k weekly is an amazing gain 🥰

[@bfrowland]

What's the best way to profit from this crypto bull run?

[@DramaQueen-gm1nx]

As a newbie, it's very wise for you to have a pro to keep you accountable.

[@DramaQueen-gm1nx]

Someone like Lisa Mae Long.

[@Special-n3t]

WOW!!! You know her too? I'm also a proud beneficiary of her platform

[@Special-n3t]

45k profit on weekly basis

[@richardbaxter7343]

Bad advice to suggest someone with $200,000 risks 25% one one trade Henry! The wheel's good yes, but not at these levels..

[@GrowthStockWiz]

It took me awhile to actually "get it" this video i think i finally got it with wheel strategy, thank you

[@RecoveredRidleyTruther]

A big disclaimer should be you MUST have a margins account, NOT A CASH account to do this strategy safely. I screwed myself early on thinking i could roll the position, but had a cash account 💯. Happy and safe trading everyone!!!

[@iindianguy9601]

Math doesn't add up. 197K is roughly 4 CSPs with 30 delta. So that's $457x4 = roughly $1800. Is this correct?

[@rochester3]

exactly

[@rochester3]

but my broker gives me 4 to 1 leverage so if i have 100k they give 400k leverage

[@BoboBuffalo]

You have to consider the whole wheel strategy for the math to come up to around the 5K per month average. Once assigned if you sell a call for around 20-30 delta you will make around 1500-1800 for 4 contracts but you will also get appreciation of $5200-7500 for 4 contracts if you get assigned on the calls

[@shawndale8313]

That’s exactly what I was thinking , he just not including the profit if you end up selling the Call. But I’m with you. You’re really better off with qqq honestly .

[@rochester3]

@@shawndale8313 the only way is to buy 400 shares of spy then sell calls and then sell 4 puts

[@JohnTurner313]

Good info as always. Just a note for those who are starting out: using SPY, you'll need an options-approved account with about $56,000 or more in it to start the wheel strategy as described in the video. A single option contract is 100 shares and at a strike around $560 (currently) that's $560 x 100 = $56,000 if the option is assigned.

[@travelingtopten]

How much do you recommend to have in an account before you start the wheel strategy?

[@jamesdobbs6942]

He starts off good and you look forward to an illustration you can follow and copy then he diverts to talking about his origins, retirement, travel, world politics, economics and then back to the illustration...by then concentration is distracted. Wish he'd stick to the title of his videos.

[@InvestwithHenry]

Will note this

[@stas2711]

Thank you for a concise presentation. Very nice intro to the wheel on SPYs, and I really like it because whatever they say about Fed's mandate, in the last years somehow it miraculously came to the help of a struggling SPX (SPY) many many times (unlike, say, RUT (IWM)). A couple nitpicks: 1. The author talks about a necessity to keep cash reserves to allow for a covered strangle (selling cash-secured puts (CSP) AND covered calls (CC) when assigned and SPY seems too shaky), yet calculations of returns are performed based on the assumption that full 200K are used for CSPs. 2. I'd love to hear more about the author's thoughts of how to handle black swan (BS) events. Yes, the most memorable COVID BS event resulted in a V-shaped recovery, but that doesn't guarantee, of course, that future BSs won't result in long slumps. And what would be a strategy to recover from a 20-30% fall in markets if the markets will stay there for an extended period of time.

[@InvestWithHenry-Channel9]

Thanks for watching! My TEL is broken down into 3 sections. 十1(917), then 998, finally 7580. I'm available for a 1-1 convo. I'll expecting your chat 💬

[@SPYSpreads]

All I need is 400 shares of qqq to never ever work again 😭😭😭😭😭😭😭😭✌️

[@jameseu4486]

Can i poop in your cereal Daniel i promise to leave you a small cup of sugar n the pee you asked

[@moviesurfer6456]

Go for QQQM

[@tpsu129]

First you say 20 delta. Then you say 30 delta. Which is it?

[@etfeasy]

50% BIL, 30% AGG and 20% SPYI works in most markets bull or bear

[@createjoy2]

You're speaking my language: consistent and safe strategy. I have been looking everywhere for a simple, repeatable high level income skill and you're the EXACT teacher generously giving your knowledge away. Thank you!

[@bobbyrenaud559]

Wait don’t you sell a put just below support? And sell a call above resistance?

[@westernartifact4163]

If you’re trying to avoid wheel strategy, yes. However, the points you mentioned are usually discounted because buyers understand these are resistance points too. But yes

[@GrantRTanner]

I like this strategy but no way you're getting 3% per month.

[@aat3tville181]

I am slowly building up that amount but I need about 2x that income but I love the Wheel and really enjoy your videos

[@aat3tville181]

@InvesttWithHenry you do how to see if someone is replying with a spoof account right?

[@Mk-cl9rg]

I am doing call Credit spread instead of covering call

[@pianojo6]

Thank you so much Henry. May I ask if I can do the same on VOO? Or is there a reason why you use SPY instead of VOO? Really appreciate your videos.

[@InvestWithHenry-Channel9]

Thanks for watching! My TEL is broken down into 3 sections. 十1(917), then 998, finally 7580. I'm available for a 1-1 convo. I'll expecting your chat 💬

[@aperez5906]

Anyone who got in 2 days ago, just got a 1% premium and lost about 5% of their captall account.... Now they got to sit on the sidelines and wait for the stock to recover.

[@SimpleAbundance]

His example where it goes from $25 all the way down to $15 and I buy $20 strike.. and the covered call premium earned is so tiny on $20 strike at $15.. yeah I run into that a lot lol 😅

[@Bigblack804]

Markets was terrible yesterday. Thanks for the advice did a put option and call. Put option went up 550. Will sell when market opens. Call option dosent expire until Friday. Will buy another option at discount should be a Green Day on spy

[@supercruchynoodle]

King Henry! 💯 thank you. You’re the only you tuber who i completely understand options.

[@theblackpsychnp]

Hi Henry! Thanks for the great advice. I currently have a small account, and am looking to grow it. Am I able to sell puts, Without owning hundreds of NVDA stock? Thanks.

[@heyjude2109]

The link does not lead to Discord but an infomercial, inviting us to join a course.

[@sprak8711]

I agree you can collect decent premiums monthly but when you're assigned you're most likely going to be buying high and selling low. So your initial investment is always losing value it seems like.

[@InvestWithHenry-Channel9]

Thanks for watching! My TEL is broken down into 3 sections. 十1(917), then 998, finally 7580. I'm available for a 1-1 convo. I'll expecting your chat…

[@msdinba]

@Henry. What trading platform are you ? Robinhood?

[@MonkeyClub]

ABC

[@AkHiker]

Another great video! How do you join your discord?

[@delcogreek]

You’re in Europe. The outlet behind you gave it away 😊

[@majordelays4909]

FBI is watching 😂

[@MonkeyClub]

47 countries, you're a genius.

[@JamJells]

Heard about this strategy a few years back and like short selling it takes doing to get it fully. Thank you for giving information that can provide net income. Anyone can attain if they really want to. Getting 200k sounds intimidation but you can do it!

[@StretchOnYT]

I love SPY, Coincidence

[@danielcanellas100]

What are you thoughts on doing the same with QQQ?

[@gkhan753]

I understand the strategy, but to implement this with the tools from other platform, i find difficult. One reason its difficult to take your course. Please offer any advise for a beginner

[@AlexwilliamsC2]

I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?

[@CharlotteIsabellaX8]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

[@Cesarinaella]

The issue is people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt. Ideally, advisors are reps for investing jobs, and at first-hand encounter, my portfolio has yielded over 300% since 2020 just after the pandemic to date.

[@christainjames]

Glad to have stumbled on this comment, Please who is the consultant that assist you and if you don't mind, how do I get in touch with them?

[@Cesarinaella]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

[@christainjames]

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

[@SarahJeffy]

So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?

[@Theodore-l2j]

In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor

[@Jeffery-f2e]

I agree. Based on personal experience working with a financial advisor, I currently have $2 million in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@Lucas-t5w4n]

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@Jeffery-f2e]

I work with Jessica Lee Horst as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

[@raymond-i2v]

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

[@newmomventure]

There’s def money to be made but also huge risk

[@Evandabest]

Spy is trading below 540 3 days later, what a world we live in

[@fb18881]

Would like to try it

[@AndrewHenry06]

I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

[@SusanNancy1]

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

[@LindaPatricia02]

Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

[@LindaPatricia02]

NICOLE ANASTASIA PLUMLEE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@moviesurfer6456]

With all the money you have made, get a better camera buddy. 1080p is so 2016 😂

[@kitsch590]

the problem is its actually hard to close out on these strategies. it will be in the queue but never close out.

[@jgoemaat]

Also, I’m not sure if this can be back tested for market corrections which can be very deep. It takes a long time with a strategy to dig yourself out of a market. Correction your cost basis with buying the stock can be way higher and you can’t keep selling at 30 Delta from the current pricespy has dropped 5% or 7% or something crazy

[@theflippestside]

This is an irresponsible moment to be telling people to start using this strategy. People are going to blindly through their money at it without any practice and we’re potentially at a medium to long term market top right now.

[@michaeldo1988]

etfs jepy and spyt will replicate and capture daily puts and daily call premium

[@cattelia]

It's people's responsibility to die their due diligence. Paper testing exists for a reason

[@allenuic]

During high volatility, you could set your PUT strike much lower while still collecting a good premium. Tomorrow morning could be a good time to sell PUT with the spike in VIX.

[@orlandonieves652]

Everyone has the responsibility to do their due diligence to study and analyze if this adjust their financial situation and goals. If they dont study first, its on them.

[@jaylinne6897]

I’m glad you can call market tops and bottoms. Must be working well for you.

[@MonkeyClub]

The SP500 index is rising because it is denominated in dollars, the value of which is falling, the chart and the rates of return you show do not take into account the high inflation we have.

[@LV-ei1ce]

What if we get assigned by current price is way below, we can’t even sell a call with decent premium then ?

[@donald1983]

Sell more puts at a lower strike to average down so it is easier to get out of it by selling CCs.

[@LV-ei1ce]

@@donald1983 do you sell staggered puts 3-5-7% out or something like that

[@skepticalinvestor951]

Bro, sell put below the support and not resistant kkkkkkkk

[@rochester3]

spy is more expensive than voo, it requires more capital

[@Reddit_Read]

Is there any downside to this strategy?

[@_bm1tv]

stock go down

[@MonkeyClub]

So what wine? Something strange happens to you as you age.

[@fb18881]

Ha Henry I give you the money you invest

[@Michaelsam-t5x]

I'd prefer you try trading yourself, just get yourself an investment coach

[@rolandoriverajr2828]

Oct 31st ! Nice!

[@djk-si9ve]

This video is such BS. If anyone thinks they can make a consistent 3% PER MONTH without constant attention they are kidding themselves. Anyone using this strategy within the last week would have been distroyed.

[@davidrosa3182]

100k and I would quit my job in 6 months

[@InvestWithHenry-Channel9]

Thanks for watching! My TEL is broken down into 3 sections. 十1(917), then 998, finally 7580. I'm available for a 1-1 convo. I'll expecting your chat 💬

[@TomEdwardi]

!!!I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated!

[@DivaHarrison]

You need an expert. I'm guided by Adviser Bruce Murdock a widely known consuitant.

[@ElizabethHansick]

I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Bruce Murdock, for his expertise and exposure to different areas of the market.

[@DivaHarrison]

My colleagues had a good laugh at me when I told them I started my journey with $50k capital and how I accumulated over 6 figures within a span of 7 months. They never believed me until I pulled out my P&L. I know that learning the ins and outs of the market isn't for everyone, that's why personally, Bruce Murdock oversees my investments.

[@ElizabethHansick]

Without a doubt! Bruce Murdock is a trader who goes above and beyond. he has an exceptional skill for analyzing market movements and spotting profitable opportunities. His strategies are meticulously crafted based on thorough research and years of practical experience.

[@ElizabethHansick]

look up his name on the web for his website.

[@yusufkemaldemir9393]

Understand nothing

[@dtitan1993]

To sell a put on SPY I would need $55,000 + That's alot at one time. What other safe ETF , index or stock would be good to run the Wheel?

[@galiciadabest]

iwm. small cap etf

[@aat3tville181]

with Margin less but in a cash account your right

[@KARIEBARKER]

tqqq

[@Jonathan-c1n]

Things appear strange right now. The value of the US dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. People are flocking to the dollar because they believe it is safer. Despite the dip in the market I stil thank you for level headed financial advice. I start investment with 11k and since following Miss Mila Wilfred for few weeks now I've gotten 19k in my portfolio.

[@Romero-z2j]

Everyone needs more than their salary to be financially stable. Investing it with a reliable source is the best.

[@NancyRobert-d3z]

To be honest, investing is a smart way of securing your family future, grow wealth and beat inflation.

[@DanReynolds-qj2wv]

The key to success is finding a set of rules you can follow consistently. I make an average of $15k per week even though I barely trade myself.

[@JamesFranco-ie3dt]

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts with experience since the 08' crash

[@Kelvin-o2i]

Capital preservation is crucial. Losing your initial investment can significantly hinder your ability to generate returns, making it essential to prioritize protection over growth.

[@michaeldo1988]

thank you henry

[@Mateo-hr4to]

I would be cautious selling puts on September. Don't get train wrecked!

[@tz8565]

You are not getting 3% a month. This is a joke.

[@KARIEBARKER]

yeh lol

[@Cynthia-mm1cv]

As a soon retiree, keeping my $401k on course after a rocky 2022 is top priority. I have been reading of lnvestors making up to $25Ok R0I in this current crashing market, any recommendations to scale up my R0I before retirement will be highly appreciated

[@VanChuong-on2gh]

it's been a brisk tailwind for lnvestors in US stocks over the decades but it's a delicate season now, hence i advice you the guidance of a financiaI advisor

[@mandyyonge]

Having an lnvestment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K so far, that made it clear there's more to the market that we avg joes don't know.

[@TommyChong677]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

[@mandyyonge]

Actually its a Lady. Yes my go to person is a 'LUCIA ALICIA CRUZ '. So easy and compassionate Lady. You should take a look at her work.

[@TommyChong677]

Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.