Trading Options - Goal $10K Monthly Ep.4 (Dead money)

[@Xyy2387]

This is the year the Nucks win it all.

[@CTLOnTheLine]

haha, I sure hope so, its been a drought!

[@OptionsWorld-t7u]

BITO pays a big dividend and it has weekly options. its my favorite for bitcoin

[@CTLOnTheLine]

Thanks for the info, I'm going to have a look at it. I haven't really sold puts/calls on big dividend stuff, do you find that the options get exercised more due to the dividend?

[@OptionsWorld-t7u]

@@CTLOnTheLine I have not been assigned but I wouldnt mind owning 200 or 300 shares. im bullish on bitcoin

[@HarbinGoddu]

Thanks for sharing such valuable information! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). Could you explain how to move them to Binance?

[@IN94HIDANGAMING]

so good market ❤

[@OptionsWorld-t7u]

after the pop on friday you can sell the RIOT 11 calls for 11/15 for 26 cents. thats a little better at around 20% roi

[@CTLOnTheLine]

Yes, love the pop, want to see it maintain and continue up, hoping to sell when I can get closer to 50% annualized.

[@derekog2090]

I would manage a little more and sell my losers quicker.. if your trade starts moving in the wrong direction sell and get a new plan... and please diverse a little more outside of Bitcoin.... there's a big market out there get in nvida is on a huge run

[@CTLOnTheLine]

Yes, agreed, I hate taking losses but also acknowledge that I can't win all my trades. As for Bitcoin, it is a core belief for me, and when I get put something, I want it to be something that I believe will come back at some point. Thanks for the comments. Out of curiosity, at what point do you move on from losers?

[@adamqjsmith]

How would someone start learning this. Typically when I learn things I just copy someone then learn the nuances as I go but dont see that as an option here aaha

[@CTLOnTheLine]

Personally, I found some good videos on KZbin and followed that up with some books. Learning options trading was not easy, and I am still learning. When I started trading, I limited my risk and made small trades. I learned a lot from my early losses.

[@OptionsWorld-t7u]

tons of good info on you tube but you just have to find a few that explain it the way you can understand it

[@derekog2090]

I would manage a little more and sell my losers quicker

[@CTLOnTheLine]

Yes at this point I would agree, my thesis on the trade was that if I got put any RIOT/CLSK that it would only dip and I would be able to sell covered calls. But that has not happened.