Selling Options For Passive Monthly Income (Easy Way!)

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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!

[@axelleayad]

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[@axelleayad]

He is @ThomasEaston in TE L E G R AM...

[@lyndseylauriexo]

I appreciate the professionalism and dedication of the team behind Thomas trade signal service..

[@tpiascik]

On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand..

[@bisou95]

Nice, I was just hodling before I found Thomas's. In my opinion he is the very best out there...

[@mypitboss]

The top signal provider in the market. Well informed and composed (unlike some traders who have recently joined without experience).

[@763charlie5]

Retired and supplementing my income selling options. Actually making more selling options than I was when I was working. Actually losing money while working. Thank you sir for your help and information.

[@felixesche2710]

Nice, which how much per month did you start selling puts?

[@supercruchynoodle]

That’s awesome. Still learning on paper trades.

[@robbybee70]

this is probably the best video (as far as what can be covered in 10 or so mins) on options I have seen in months or actually over a year of researching options. you are clear and speak plainly. I wish I could like it a dozen times

[@Optionscopter]

I’ve gotten pretty heavily into options these past few months, and you sparked my interest and showed me the ropes. Thank you 🙏🏻

[@simonmorris8384]

Henry, nice video, thanks. When you sell puts, do you have any rules around them? i.e. do you simply hold to expiry, cash out when at 50% of max profit etc? I know you roll- have seen that in other of your vids

[@MrAerialsound]

Hi Henry, Thanks again for sharing--- I really like how you present the content in clear & simple terms. May I ask, the percentage of capital one should invest in put selling vs owning stock? Thanks in advance.

[@hulkhogan6259]

wow amazing information! this is a blessing....you are a blessing...

[@driks8681]

Hello, how is OptionFy tie into your coaching? Also, what is your method? Your coaching or OptionFy membership? Thank you

[@rodm2895]

I think yes you can make the income on the first month. Then if you start by selling a call in the stock has a decent drop it is going to be a struggle to keep selling calls after that. Now if the stock does Fall and you choose to still sell calls below your average cost that you paid for your shares it's still okay because if the price does rise and get there you can always roll the call to another week so you can avoid letting them get called away and so on and so forth. But then at that point you are no longer bringing in extra income if that happens because the credit that you are receiving it's actually compensating for the negative that the cover called from the previous week has had to endure as a result of the rolling because you had to sell a call on a stock that went down. So in other words you can sell a call for the first month and hope the stock goes up and get called away and keep doing that again and again but once the stock does goes down you are going to hit a point where you're not going to be able to make extra income until the stock goes back to its average cost and then you can start bringing in extra premium

[@taddmansilla598]

The story I’m telling myself is that your assessment is correct. Remember that premium is a proxy for risk. The higher the premium you collect the higher the risk is of being assigned. If the stock price drops a significant amount below your assigned price, to sell covered calls at the assigned strike may not make sense. I learned an expensive lessons years ago on snap selling cash secured puts. I’m still sitting on 600 shares after being assigned before they crashed in 2021. I figured if assigned I would sell covered calls. It fell so fast and furious back then, I didn’t have proper risk management in place. I have considered selling covered calls and chipping away at my avg cost with weekly premium, but Murphy’s law applies. I can roll up and out like you mentioned. After all, I’ve been sitting on 600 shares for a few years.

[@josephsaeteurn9158]

Henrey, what do you think of YM selling the options for you and you just collect the monthly prems/divs?

[@brianchung298]

@Henry, Do you ever sell covered calls on leveraged ETFs like TQQQ? I understand that if market tanks underlying ETF will tank much more than the covered call hedge but if you are willing to keep TQQQ long term, I don’t see why not but wanted to hear your opinion.

[@jeremypursley4349]

I LOVE THIS Guy! THANX BROTHER!!! Keep up the Good work, plenty of folks need this info

[@InvestwithHenry]

Much appreciated

[@user-ms8kp2xc2i]

Yet another question is on option expiration length. I started selling put options in 2021/2022, not good timing. I sold monthly and quarterly options on TQQQ, collected $100k premium and I was assigned totally 15,700 shares in 2022. Average cost was $32. I was under deep water. At the beginning of 2023, the share price dropped to $15, numerous analysts and industrial leaders predicted Nasdaq would drop another 30% in 2023.. well, that implied TQQQ would go $2 or lower.. Jesus Christ.. but human being knows what, it turned out 2023 was a green year. There are yearly, quarterly, monthly, weekly, and even daily options to play,,, in your opinion, which length is optimal?

[@user-ms8kp2xc2i]

In my trading experience (not much), play this way has a few preconditions: 1) need capital. 2) you dont depend on that capital in option market for everyday living, anything could lose value if there is a strict timing requirement, you will have flexibility if the subject asset dont have to be immediately released. 3) dare enough, nothing comes free, no risk no gain. I like options more than stocks because time, risk and value are more explicitly quantilized.

[@user-ms8kp2xc2i]

I am still thinking about put credit spread.. if I use it to reduce the cash requirement, being a little bit more agressive on selling put, buying low strike put, and most importantly, don't increase the number of contracts significantly, so I have a choice of taking assignment or taking the loss depending on my judgement in a bad day... Will that bring me more profit? I cannot see much benefit... Did i miss something?

[@Daniel81ng]

with market consolidating, which sells option strategy is better?

[@user-ms8kp2xc2i]

Hi, Henry. I started selling put option seriouly this year.. I do earn some money. However, I have to use a few million dollars as collateral to earn about 1% to 2% on monthly basis. The risk is obviously high, I was assigned many times in the past three months. Fortunately, it's a bull market, so far that hasn't caused big problem yet. I thought about using put credit spread to increase profit, but that involves leverage and I don't feel comfortable. So, I only play with my own money on simple cash secured put and covered call so far. My questions, 1) what's a reasonable profit expectations? And 2) what's the best stock/etf candidate to play simple put and covered call? Could you share your opinion Thanks

[@taddmansilla598]

You have a few million dollars to use as collateral for your cash secured puts? If you have that kind of cash in your account you should have portfolio margin account. What you said about having to use a few million dollars, is that an example statement or are you saying you are trading with a million dollar account?

[@thewheeldealstradingjournal]

Hey Henry, congrats on another Great Video...Just curious...Why haven't you started selling puts on $SOFI yet? It's such an easy cash grab at this price range?

[@jgonz69]

I took a risk on AMZN April 26th 185 puts. Got massive premiums. I am usually a weekly put or call seller, so this one is a little out of my comfort zone. I’m thinking AMZN will pop a little after earnings. Either way I’ll either sell more puts if above 185, or sell covered calls if it takes a dump. Henry is right, selling options is the way to go, especially if you already have the capital.

[@investorwayne]

Please comment the name of that book about selling puts thanks

[@felixesche2710]

Hi Henry this is gold. With how much would you recommend at least to start selling puts on a monthly basis? thx

[@InvestwithHenry]

More the better ;)

[@stevemyers2974]

Love your channel because you’re not ‘get rich quick’. You provide sound strategy and instruction. Been trading the wheel and consistently making money. Thank you!

[@user-ms8kp2xc2i]

Some investors play dividend paying stocks and bonds, such as T, VZ, MO, ARCC, MAIN, SUN, ET, SPHY, etc etc. Those are sweet if you bought them at disount price. Why not acqire them by selling their OTM put options? If they dont come, you earn premium. If they do come, you have a dscounted price. Usually, their price start going up a little bit a week or two before the ex-div day. You can sell them to gain, if they dont go up, wait the ex day to collect dividend. Of course, there is risk, but that risk is lower than buying those stocks in plain way.

[@knilem2229]

I feel that, when I started becoming interested in selling puts, I thought doing these on divideds would be a great strategy, especially on MAIN

[@nathanielcradle-yourrichfriend]

Can you do a video on researching the Greeks using Robin Hood and suggested trades. I don’t trade out of it but I do use it to see what it suggest on ability to profit.

[@lisaj4441]

Suppose it's a good stock, I have the money and I want to keep the shares that have been exercised? Will they just deposit the shares to my account?

[@Rami_Alejandro]

I am still not recovered from Nio stock advice 😂

[@Kk-iw4ck]

😂

[@firulais1]

Keep rolling those puts, don't loose faith

[@certifiedfinest5065]

@@firulais1it’s already below $4.5

[@jackwoods9327]

LOL same, i was happy selling my puts and now i need the help of the lord jesus christ, but believe me it’s going up

[@certifiedfinest5065]

Lol

[@HEC892]

AAPL is down to 165, do you recommend selling cash put options when the stock is bullish or bearish ?

[@philipple59988]

But how do you find the stocks ? i am asking because ive lost money on MO, WBA and a few more .... so id like to learn

[@ChupraCumbra]

Turn off this channel bro.

[@philipple59988]

@@ChupraCumbra but where to go ?

[@strive2thrive91]

I only have $10k, I can't sell put option on aapl . What about selling put credit spread?

[@jmcudd]

Particularly with spreads, how to you manage your winners and losers?

[@dru1330]

Watch them and leg out of it starts going against you, can leg back in or close remaining leg.

[@jeffwilliams7054]

Do you have a list of independent online reviews of your service that you can post please?

[@InvestwithHenry]

Just google my services and do your own research. If you ask me it's not independent anymore lol

[@MrVrijheid75]

Did i see 30x SPY sold put at 473??? Thats over 1.2M if u cash secure it. What leverage rules do u apply??

[@chamarr]

What do you think of selling covered calls, selling puts, and the wheel strategy with SOFI?

[@rhick382]

I just started wheel on SOFI.

[@chamarr]

@@rhick382 me too, i started last week, are you doing weeklies or monthlies?

[@bc7522]

Best books to learn about options trading???

[@sonny5982]

you sold your googl from recent run up?

[@tsturn4682]

Explain when to close put options

[@jeffl8549]

Henry, with your dividend stocks. Do you purchase any REITS as an indirect way to invest in real estate and collect dividends at the same time? If so, which REITS do you like and why? If not, like to hear why. Thanks. Give you a "like" for yet another video.

[@abelcarrillo1706]

Get this man 1m subs.

[@anthonystallworth474]

If you can remember that book I'd love to buy it

[@Kauffman578]

What about a jade lizard?

[@bouweenvermogen]

The problem is that you first need to have a lot of money to sell puts on these kind of stocks 😅

[@user-ms8kp2xc2i]

BTW, many of my friends are investing in the real estate market. I studied that possibility, but i didnt see how could they earn money in the current market. A typical $1m priced condo in Boston can collect $4k rent per month, less $1.5k HOA/tax/insurance, only $2.5k left. Loan is 7%. Say, no mortgage and pay cash for it, but there is an interest loss of $4k per month for $1m value. How could this be a good investment... But there are numerous smart people doing that, they ,,, i dont know whats in their mind, probably expect condo price will go up and up and up...

[@kylerbarnes8020]

What do you think of tesla? Do you own any shares?

[@InvestwithHenry]

I do

[@HamadAli-hi2ir]

Where I can learn this?

[@braddeicide]

KZbin, Tastytrade, Tom King

[@brianss100]

Nice video. How do you manage risk to mitigate a Mar 2020 scenario where any open put options can wipe out an entire portfolio several times over

[@user-ms8kp2xc2i]

Don't use leverage, then that will not happen. In the worst case, take the assignment. If you use leverage, such as vertical spread, you could be forced to lose everything.

[@Jay-xb6nc]

Ever sell puts on SPX?

[@DinoTamer23]

Dumb question: Why do hedge funds and traders buy put options to hedge their position rather than just using a stop loss? The only reason I can think of is to protect against the position having a huge drop after market hours.

[@user-ms8kp2xc2i]

Buy put option is equivalent of shorting a stock. When stock price drops big time, it put option soars. If you expect price drop and want to take advantage of that, buy its put option. It is way safer than naked short.

[@Robert-di3kv]

Not a dumb question at all. Stop loss can be triggered intra day and then one is stopped out of the position. Stop loss positions are visible, so there are people that will sell down to the stop loss to take out the position at a discount then the stock goes right back up. Now one is stuck with a taxable sale of the stock and one no longer holds the position. Buying a put gives the downside protection without those negatives other than the cost of the put. It’s like buying insurance on your car you hope you don’t need it but if you do it’s there. But if you don’t need it, you don’t go out and purposely crash your car do you?

[@kellis773]

How much money do you need to start selling puts?

[@LaToya54]

Great question

[@user-ms8kp2xc2i]

$50k - $100k. Cannot earn much with this amount, but you won't expect earning money quickly anyway. Quick implies risk. If can earn 10% after tax , $100k grows into $1m in 25 years.

[@knm185]

How big of an account do you need to start this strategy?

[@thomascheng5049]

i believe he mentioned around 300k

[@kemawellington3238]

A covered call and selling a naked put are actually synthetically equivalent. That's why they have the same risk profile :)

[@RegulusVi]

I am investing in stock for about 5 years, so I know the strategy of passive investment. For Options, however, I am a complete dummy. I have watched dozens of videos on this subject, but it still sounds like rocket science to me. Second, what stops me to act, are high commission fees in Canada for trading options. So many Canadian investors are saying that it doesn't worth it...

[@thanasballabani1026]

Try interactive brokerage. Their fees are like 80 cents per contract

[@RegulusVi]

@@thanasballabani1026 Thank you, will create an account with them.

[@PaulAlan21]

Love selling puts on stocks, been doing it for years. Premiums generate nice monthly income to pay all routine bills. CC as well.

[@vbeaute1851]

Hi there. u have a question here abt monthly income to pay all the bills. When you withdraw that premium, your portfolio balance will be decrease as well so i dont understand how this work. Before i thought when i withdraw that premium, it just decrease my buying power, not portfolio balance. can you please advise? Thank you.

[@PaulAlan21]

@vbeaute1851 I think what you u r looking for is that now, I only do cash secured puts. So when I take out the premiums I brought in, my principal remains the same [ as long as I'm not assigned, and if assigned, turn and sell the cov. Call].

[@user-ms8kp2xc2i]

​​​​​@@vbeaute1851Depends. If withdraw a lot, that affects the portfolio and strategy. If only a little bit, no impact. Personally, I don't pay living bills using portfolio money, but I buy collectible c&r firearms from time to time by withdrawing some profit. It is just a hobby, not an absolute need to do so, not big outflow, so no impact.

[@midwestcannabis]

🎉❤

[@AK-qg7mp]

Henry, why don’t you ever talk about selling naked options? You have been doing options for 10 years and never done naked?

[@onthegamble]

Haven’t watched your videos in about a year. How is your Robinhood portfolio still only $2,000,000? The market has crushed over the last year. Seems like buy and hold VOO would be beating your strat?

[@dcincal]

He cashes out monthly. He's stated this in past videos.

[@SM-tk7qx]

Spend some man! What is that curtain?

[@carlcarozza]

Sorry but providing liquidity in crypto blows away 2% per month with same risk profile. I do love selling options but skinny numbers compared to yield farming.

[@InvestwithHenry]

You have no education to make this comparison. Definitely not a factual statement

[@carlcarozza]

@@InvestwithHenry bro you don’t know me…you said 2% is good it’s great compared to simply buy/hold for sure but you clearly don’t know shit about yield farming. I can and do make 2% per month with a stable coin which is low to no risk of loss.

[@jonl9192]

Have fun in the casino carl!

[@carlcarozza]

@@jonl9192 too bad my earlier reply to Henry so far has not been posted. It’s really not gambling.

[@constitutionalright827]

Lol- sure thing Carl.

[@DrewPBalls69]

Good quality company’s and then you mention snap chat . Lol

[@Robert-di3kv]

Henry please look at all the scammers in the comments, they need to removed. Thank you 🙏

[@montel0220]

He's a scammer himself 😂😂

[@Robert-di3kv]

@@montel0220I don’t know know if that is true, why do you say that?

[@mac5856]

B.S. selling options is hard and takes a lot of money

[@Kauffman578]

Can always sell vertical spreads

[@mac5856]

@@Kauffman578 you might as well be speaking another language right now,plus if if I buy a stock it goes down if I knew I knew how to short sell a stock it would probably go up

[@Kauffman578]

@@mac5856 essentially beating on a stock to behave a certain way, up, down or sidelined, or combination of those (more complex)and you profit out of correctly predicting that behavior

[@constitutionalright827]

Selling options is incredibly easy-- which is one way to get yourself in trouble. Also, it doesn't take a lot of money with a margin account, but you do have to manage the options you have out there and close, roll, or whatever as needed. But yes a larger account will have larger margin, and it does make it easier. But even with a reasonably small account you could make decent extra money with options, just not on the scale you can with a large account where getting assigned would be less problematic.

[@sparkles78]

Apple is headed to 150 not 180

[@jgonz69]

You’re buying puts then right?

[@constitutionalright827]

Funny a month later it seems AAPL still hasn't been to 150 since March or so of '23 and is sitting at 183.

[@sparkles78]

@@constitutionalright827 I am surprised you fail to understand the overall market affect, its not just only apple.

[@ChupraCumbra]

Everything ez for Scamming Henry 😂😂😂😂😂

[@Itzyourcostco]

Lol u need like 300k account to do that every week

[@jasonreviews]

just long SPY or QQQ. You won't incur taxes. 10-20% gain a year. You own incur taxes if you gain or take a loss. So hold until you need to buy a big purchase.

[@BuggyBabycouk]

Good luck when the stock moves lower. Passive income becomes massive loss.

[@brianmitchell2202]

depends how much lower, since you do have some downside protection since the premium lowers the net cost of your long stock. However, at the end of the day you're at like delta 70, so of course underlying direction will matter.

[@whatwouldgdonowgvkpierce6879]

You never answered me

[@InvestwithHenry]

Answer what email me

[@whatwouldgdonowgvkpierce6879]

@@InvestwithHenry I paid for that 2 week thing never got a confirmation .

[@whatwouldgdonowgvkpierce6879]

I paid the $100 didn’t get any info can I Plz get a Refund.

[@Aperturealloy]

Lol it takes a $300,000 portfolio to make $6,000 a month? That's crap

[@InvestwithHenry]

You dumb then

[@Aperturealloy]

@@InvestwithHenry $6,000 a month ain't shit in this world. Especially pre-tax. If you think that's enough to live on then "you dumb then" 🙄 Not to mention it took a portfolio of $300K to make that amount. That's only a 2% ROI. Crap, just like I said.

[@DONL11233]

Please let your viewers know that you are paper trading! And show us your real account if you even have one!

[@-Verticalize-]

Nice scam.