Wheel Strategy Mini Course (How To Trade Options)

[@BradFinn]

Wheel Strategey Guide and Journal amzn.to/3qL2K82 *Get Total Access To All My Financial Decisions, Option Plays & Private Discord Chat!* www.patreon.com/bradfinn *Beginners Guide To Trading Options* Use code: OPTIONS for 50% off!* averagemoney.teachable.com/p/options/?preview=logged_out

[@JohntheNobleSavage]

Got it. Thank you. I have a lot to listen to already.

[@WiskeyAdventures]

Thank you so much. I have watched hundreds of hours of videos trying to figure out how to trade in options and every video I watched I walk away more confused. Your video is the first and only one that has made me walk away with an understanding on how to trade in options and my first trade after watching your video I made $600 profit. Thank you so much.

[@BradFinn]

you are very welcome. Best wishes!

[@Moon007raker]

Let me congratulate you. Your videos were the ones that finally made understand how options in all their variations work. Thank you.

[@BradFinn]

Thank you so much for the awesome feedback! Please share

[@xkrimzonxrsps]

Hey what do you do to re coup from a bad put the price tanks. Do you sell it deep deep in the money and like a 1 or 2 year contract and extract the most prem possible? Or just sell and take the L

[@BradFinn]

genreally I will take the L. I dont look at one trade at a time. I zoom out and look at the net of the whole year. You cant win every trade. You have to Net win

[@ricksherrill2087]

Love this video, it is wonderful to have one video to watch instead of the entire playlist, but I'll still be watching the specific videos at different times. Great job👍🏻

[@BradFinn]

Thanks Rick

[@robinruane6255]

Love this info all in one place! I've seen all of these videos before but even so and with a little experience under my belt now, put together this way it's a good reference and refresher.

[@pjl1081]

Thank you so much for this video, I want to learn how to trade options and I am pretty sure I Landed in the best video.

[@BradFinn]

Thank you. Please share

[@syuen5132]

Your videos are the most easy to understand ones on KZbin. I started my very first "sell a call" recently, now I am getting better.

[@BradFinn]

Awesome news. I appreciate the comment and the kind words. Cheers

[@zodiack89]

Thanks Brad! I'm star to thinking about moving my first steps with options trading and this is exactly the video I was looking for! I think the idea of creating a comprehensive video as a sum of your other videos works fine. And btw you have grat teaching skills! Greetings from Italy!👍🏻

[@BradFinn]

Thank you so much for the kind words! good luck bud

[@olgabarroso2145]

Great video! Forever thankful! I can say now that I understand the game of Call/ Put Options. I will be watching this video a few more times before trying a second time. Thanks again

[@BradFinn]

Glad it helped!

[@goldengriffon]

Stony Brook University? I used to work there! Small world.

[@BradFinn]

Yup. Alum

[@tomib8789]

I’m here 2 years later I found you from Chad Trades he linked you from one video. And I am beyond grateful for you and this playlist after multiple multiple videos and hundreds of watch hours you are the first person to make me fully understand everything without leaving me with further questions!!

[@BradFinn]

Thank you for the kind words

[@ToriShawy]

I second that! New subscriber after watching video on how to close options for beginners. Grateful for all the work & time you dedicate to your videos. God bless.

[@azrealon1792]

Great video! 👍 Thanks so much for the simplification and visuals. I've made one option trade and felt like i had no clue what i was doing. Now i feel much better equipped for my next one! I hope you and yours are doing well.

[@BradFinn]

Nice work!

[@raztube90]

Perfect video I watched it on 2x Also smart dropping long video on Saturday.

[@BradFinn]

Thanks Raz

[@gechichan]

really excellent video. I've seen probably 10 other videos on options basics and this is by far the easiest to understand.

[@BradFinn]

Thank you so much for the kind words. Please share with other learning

[@adamdepatie4183]

Hope this is good. Still struggling picking the right time to enter options. It has to be the IV or Vega hurting me. I know timing hasn’t been great either.

[@BradFinn]

I hope its good too! Let me know

[@KaliKali-hv9bt]

Thanks!

[@BradFinn]

Thank you so much for the SUPER THANKS! I appreciate that so much!

[@theinvestinghouse]

Brad you’re the man! I’ve loved following you and JJ for the last year. You’ve both inspired me to get my investing together. Thanks so much!

[@BradFinn]

Thanks bud

[@chrisstallings5269]

Been watching lots of your options videos lately. Wrote my first covered call today and am rewatching this one as I start my options journey!

[@BradFinn]

Nice! Good luck

[@ryanmessier870]

You have a talent for making things sooooo much easier to understand. Thanks Brad! Do you have a teaching degree? You are an EXCELLENT communicator.

[@BradFinn]

Yeah you Ryan. Yes, I have a masters degree in education.

[@guitarsoundsaround]

Boy am I late to this party ... so I'm throwing in my two cents and feeding the algos ... with a HUGE thank you for the mini visuals, clear concise explanations in this series of videos. Cheers from Canada, Brad!

[@BradFinn]

Thank you so much. Best of luck

[@hihihello263]

Very good video, thank you.

[@BradFinn]

Cheers.

[@KJB4evr]

I just had to stop in mid video and say thank you so much for explaining this! Straight to the point. I understand so much now! Just awesome! Thanks again! Subscribed.

[@BradFinn]

Glad it was helpful! Please share. Any questions let me know

[@MakuLabs]

Mind blown 🤯 with the clarity of info you provided. Thank you for doing this!

[@BradFinn]

Thank you

[@PedroFilms]

Great tutorial. But my brain got the spinning beach ball at about 22mins. Time to reset. ⚠️🧠

[@teifaf6036]

Awesome presentation! Very thorough. Thanks so much! 🙏

[@BradFinn]

Cheers

[@HmongBeinReal]

I’m new starting to learn and was mentor to start option trade buy calls, puts, or sell calls and puts, you just broke this down on all levels where I can process. Very nice - thanks man!!

[@BradFinn]

Cheers

[@Isgood2beKing]

BRAD imagine how new im on these, i though you were saying BIG/ASS SPREAD Instead or BID/ASK Thank you for your time to explained to DUMMY like me 😂

[@BradFinn]

Glad to help!

[@Isgood2beKing]

BRAD you are the men, i love ❤ , the channel , how you explained so detailed and slowly , so WE LIKE ME NEW on these we can get it NEW SUBSCRIBER

[@BradFinn]

I appreciate that!

[@classiccafe1]

Let's say you buy a call option (with no intention of buying the stock) for $10 per contract X 100, the strike price at the time is $100 the price spikes upward in your favor let's say the original strike is $100 and to get ITM it has to be above $110 to break even on the contract price $100 plus contract price $10 and the price jumps to $125 you are now $15 ITM or (In The Money) it's 7 days before the option expiration and you want to get out or Sell the option and nobody want's to buy it for $125? WHAT HAPPENS THEN?

[@BradFinn]

You move your limit price closer to the bid

[@deniro7902]

Amazing effort Brad Finn! I've learned more in 1hr 44min than I learned in 2 months! Great job! 👏

[@BradFinn]

yes!!

[@StevenVelasquez]

#Amen

[@lymandeann-gaines3921]

Wow such a coincidence! Asked for some beginner pointers and this comes out like an hour later! You're the best!

[@BradFinn]

Thank you so much! Please give a thumbs up!

[@Nando_15]

Love your content! You are the best at breaking down options

[@BradFinn]

I appreciate that!

[@Gatesunder]

It was really hard to follow this video, because it seemed like you kept saying intrinsic when you were referring to extrinsic.

[@BradFinn]

It’s def not for everyone

[@Nathan-vv4uj]

I just want to say thank you for the education here! It makes it so much easier to comprehend a subject that seems so complicated at first.

[@BradFinn]

You are so welcome!

[@tonynunez6539]

Best options video ever. Very fast but easy to understand if you stay focused. Very difficult subject for most people but very profitable once understood.

[@BradFinn]

You're very welcome!

[@andreamugnai2937]

Love it Brad! You are the best teacher! Please explain the PMCC if it reaches the CC price! Thanks 🙏

[@jjstratford]

7:39 “right AND the obligation?” Lemme know if I’m missing something.

[@BradFinn]

“Or”. Guess you missed the other 200 times I said it🤷🏻‍♂️

[@velvetelvis999]

Thumbs up

[@BradFinn]

Right on

[@thepepperking3075]

when I roll a covered call option, how does the taxes work, I mean, I get a credit from the new position and part of this money is used to buy to close the old position.

[@BradFinn]

premiums are short term capital gains and loses

[@laszlosoltesz3772]

I am relativly new to options in a serious way, although I have bought ITM calls and sold covered calls for may years. My eyes glazed over and my mind wandered whenever I tied reading or watching tutorials about options trading. I only recently found you and love the down to earth, regular joe explanations you use. It works for me. Thanks for all the time and touble you have taken to help others.

[@tubewacha]

If you buy a put and you exercise, don't you have to buy the shares you are entitled to sell?

[@BradFinn]

You have buy and sell confused. This should Clear that up kzbin.info/www/bejne/d4aQhaSubKt6eNU

[@pn_108]

this guy is so consistent in his teachings, that it just seems like he's changing clothes!

[@BradFinn]

No one told you, Its a drinking game. Take a shot every time my shirt changes! lol

[@pn_108]

@@BradFinn that would seriously hinder my options 😅

[@mikelisa76]

Good job sir. Thank you for detailed information, and your time

[@BradFinn]

No problem

[@matthewallen7321]

Thank you! Youre the best at explaining so far.

[@BradFinn]

I appreciate that very much

[@eddienunez8206]

Your videos are awesome and to the point 👏🏼👏🏼👍🏼… you have explained everything I wasn’t sure about in this one video .. Thankyou !!! 🙏🏼

[@BradFinn]

Thank you so much

[@JohntheNobleSavage]

Between Brad and the guys at Skyview I have my mentors. One doesn't have to be Elon Musk to understand the Stock Market but one had better be dedicated and disciplined or else one will soon be out of the stock market as well. Tell you what guys when people try to impress you about what they allegedly know about the market only one question is necessary: "Can you tell me sir what is the difference between selling a call and selling a put?" While it is possible to make a relatively quick fortune in options; but, if you are in options solely to make a quick fortune alone you probably won't be making it - while I absolutely can't stand George Soros on fundamental grounds I do appreciate the amount of time, work, and effort he put into the business before he ever made a dime. For those of you who love the challenge of trying to figure out a math problem or puzzle you are in the right place and Brad is just the man to help you do it.

[@BradFinn]

I appreciate the kind words!

[@JohntheNobleSavage]

Hopefully this will turn out to be a long term relationship. We can offer each other a great deal of independent knowledge! For instance, although I don't know beans about the market and although society may consider me to be chronically old at 75; but, lets just say I don't look it, act it, or feel it and I will gladly show you how to live to be a hundred in good health. But in return I live in Florida and I have had some horrible unforseen events recently that is going to make money an issue this December - so I have a short time hop to learn the market. Aside from the fact that I am still a MENSA I think, for whatever that is worth, my days start early and I study virtually all day long. You might want to listen to C.S. Lewis "Mere Christainity" as it has helped me a great deal recently. But I want us both to become extremely rich although I don't consider money to be as important as having the knowledge. Thank you for being you!

[@shawndale8313]

Great great video bro!!!

[@BradFinn]

Thanks bud

[@shawndale8313]

@@BradFinn also great podcast the other day also! You have really helped me out a lot. I purchased a house an am house hacking now an also started doing the “covered calls” and “poor mans call” An have really gotten good modest grow in my Brokerage account.

[@justinn.4161]

Omgggg you went to SBU, what’s a seawolfff!!! Thanks for all this information I feel so much more confident trading options now!

[@BradFinn]

Cheers.

[@nivelsookoo9779]

I could just tell this is gonna be a banger

[@BradFinn]

It won't suck!

[@davidnovosad4917]

I bought a 50$ course about trading options.... Unfortunately, I haven't seen your videos before because this content is brilliant! I learned way more and finally understand how options work plus I learned about selling calls which I was interested in! I love you! Wish everyone successful trading.

[@BradFinn]

Thanks so much David. Please share with others who are learning!

[@7minofpower309]

This is a great video I just want to say though that I still get a little confused as far as when you said the only amount you would lose is the premium that you paid for, I get that how ever you said that the premium was $50 and the buy call is 125 so wouldn’t we be losing 125 …

[@BradFinn]

I dont follow

[@7minofpower309]

My question came from the beginning of your video, I don’t get when you said the only thing you lose is the premium of what you paid for which is $50,

[@selenadesanti4920]

Great video! Very descriptive and easy to understand for a beginner. Will continue to watch videos on your channel, you are a great teacher

[@BradFinn]

Thank you very much! Please share with others who are learning

[@7minofpower309]

If the stock XYZ is trading for $100 and your going to buy a call @ $125 and exp in 365days you said the premium is $50, so how would it be that you only lose $50,,, did you only pay $50 to buy xyz stock?

[@BradFinn]

Premium is what you pay for the contract

[@7minofpower309]

I got that part but how was it only $50 I thought it was the $125 ….

[@7minofpower309]

Something is just not clicking, when it comes to understanding the premium part

[@jacobthomas3843]

your videos are amazing man !!!!!

[@BradFinn]

Thank you. I appreciate the love

[@jacobthomas3843]

@@BradFinn of course Man do you have a video that explain ITM & OTM plays as well ?

[@tonioyendis4464]

I can tell that you know your stuff; so i liked and subscribed. I'm new to the Options game and you teach well.

[@BradFinn]

Good luck

[@ProfGlass]

Great video! I enjoy how you explain things it makes so much sense. How do you find which underlying stock to trade options on?

[@BradFinn]

I look around at the companies I used everyday. Then I narrow those down with company research.

[@kennethl6018]

Very good video for sure.

[@BradFinn]

Thank you. Please give a thumbs up!

[@PierceJPeterson]

Such a detailed video man nice work at combining previous clips and whatnot to explain everything that one needs to know about options. Great work!

[@BradFinn]

That’s Pierce. I appreciate it!

[@JohnnyDeaux]

So you want implied volatility to go up slowly in a call and down slowly in a put? Also you dont want it to go crashing down while in a Call?

[@BradFinn]

It’s depends on if you bought or sold the call or put

[@JohnnyDeaux]

@@BradFinn oh I'm talking about buying a call or buying a put

[@Harshharsh111]

Masterful teacher.

[@BradFinn]

Wow, thank you

[@JanetMcDonaldWinnyMaxine]

One minute please. My dilemma is; why would anyone buy an option higher than the price in the market, eh?? 🤔🤔I'm confuse and lost.. I thought, one would surely buy a call at a lower price?? 🤔. Please elaborate, please. Thanks in Advance! 😁😁🙏🙏 GOD Bless You and Yours Always 🙏🏻🙏🏻- JM

[@delc9876]

Nice. I've watched a lot of videos, but yours is the clearest and easiest to understand. Thank you. It would be the icing on the cake if you would mention the date of the recording to put into context contracts that expire in the future from the date of the recording. Thanks again. Recommended you to my trading group as an excellent resource.

[@BradFinn]

Thank you so much. Glad it was helpful

[@amg_0302]

Is that the Stonybrook Logo? Awesome video, man.

[@BradFinn]

Most likely. I’m and alum

[@amg_0302]

@@BradFinn nice, I went there too. Your options videos are great. Keep up the good work, man.

[@nothingtoseehere5760]

Please don't slow down! Happy with pace. Thanks!

[@BradFinn]

Cheers

[@bebeeisnoheeb]

Good video!

[@BradFinn]

Thank you

[@LVusaAPI]

Hey @Brad i like it when you segmenting the video Great job !!!

[@BradFinn]

Thank you so much RS

[@williamblank9317]

Just found your channel and im a big fan so far. I appreciate that your not trying to sell anything, just teaching. Could you do a video about a good underlying asset for a first time trade, with about 1k to play with. Thanks for all the content so far

[@BradFinn]

Thanks for the kind words. I can not legally give finanical advice or reccomend individual investments.

[@DonnDadda87]

What is patron?..If I subscribe, what is it like do you show like good plays or trades for the upcoming exp? Teach us why and stuff? I'm thinking of checking it out come July 1

[@bcheekz8844]

Great videos. Keep on keepin on

[@BradFinn]

Thank you

[@beanlovelife]

I’m close to Syracuse

[@BradFinn]

Nice town

[@nnenne4]

Thank you 🙏🏽🙏🏽🙏🏽 😊

[@BradFinn]

You’re welcome

[@daggercrown]

Love it. Lot of info.

[@BradFinn]

Cheers

[@bearwonder1]

Cool video. Thanks

[@BradFinn]

Thanks

[@Josy8289]

Is that a stony brook shirt?

[@BradFinn]

It is

[@aazevedo225]

Monster video brad!

[@BradFinn]

Cheers Aaron

[@bchuamadisoncentre]

great explanation!

[@BradFinn]

Thanks!

[@rcking911]

like this

[@BradFinn]

👊🏻

[@JayTJohnson275]

Sell puts to get into positions you would enter without. (Be paid to wait for a cheaper stock price)

[@mikem4251]

Wouldn't you need to subtract the premium paid on a put that you bought for the profit?

[@BradFinn]

Premium definitely is a factor for the break even

[@jacobgmarley30]

Great video!!!!

[@BradFinn]

Thank you

[@Trademan_24-7]

Sir you rock!

[@BradFinn]

Thank you for the kind words

[@raztube90]

Would like to see a video on what to do when Trade Goes the wrong way.(with real life examples on robin hood plz) For example if I buy call for next week and stock market crashes should I just close my long call for lost Or can I just turn my long call to call credit spread by selling a call below it 🤤 ?

[@BradFinn]

Check out the part of the video on closing options toward the end

[@raztube90]

@@BradFinn thanks apparently I missed watching the last part 🤣🤦🏻‍♂️

[@Justmeseejust]

Thanks 😊

[@BradFinn]

You’re welcome

[@deezc754]

What 😢

[@BradFinn]

When🤷🏻‍♂️

[@raztube90]

By the way have you ever used OptionStrat pretty Great website.

[@Nando_15]

Great video! You break down options the best

[@BradFinn]

I appreciate that!

[@ROMEODICE257]

Nice job bro thank you

[@BradFinn]

Cheers. Please share

[@ricardocisneros-marrero3983]

Do I get my premiums when (if) my option contracts expire? The contracts already placed according to robinhood a shows +$50 oct 15 sell call +$50 oct 15 sell call But not showing in buying power; thanks in advance if you happen to answer.

[@BradFinn]

Nope. U get it instantly

[@pokertherapy6885]

Love the videos, I just started selling covered calls. I’ve run into this twice already. I sell the call and the price of the stock shoots up. So I’m deep in the money but the premium is high. Do I buy the contract back for a higher premium and take the profits of the stock? Or let the contract run the course.

[@BradFinn]

Up to you. Personal preference!

[@jjstratford]

@Brad_Finn Thanks so much for making the concepts so easy to comprehend. With conceptual understanding, options are not nearly as daunting as they seemed before I found your content. 👍🏼📈🙌🏼

[@BradFinn]

Right on! Thanks for the comments

[@cartberry]

thnaks

[@BradFinn]

You’re welcome

[@elvd7437]

How do you use stops in both Calls, Puts and Vertical Spreads? Please discuss the best stops for Calls and Puts.

[@BradFinn]

Different people use stops in different ways. It's really up to you

[@bookman2116]

Any tips on closing a call position on options level 1 ? I have a long call position that is in the money, then my account was accidentally demoted to level 1. now not sure how i can close the position before expiration

[@BradFinn]

Same as when you opened it. Just the opposite. Go to the chapter on closing the option

[@ts15210]

Brad around the 14 minute mark you are referring the premium as a deposit or a down payment. When I put a down payment on something, that value is deducted from the total price. If I buy a house for 160,000 and put a down payment of50,000, I only need to pay an additional 110,000 for the house to be mine.Not so with options, the value is added to the total cost of the shares. In your example, you would be paying $210,000 total, not 160,000, what am I missing here? It's a deposit in the sense that it's non-refundable, but it is not a down payment.

[@BradFinn]

It was a just an example. Dont dive so deep into it.. if you want you can consider it a non refundable additional payment🤷🏻‍♂️ what ever you want to do

[@ts15210]

@@BradFinn What I'm saying is, you are implying that you are making a profit at the strike, when you are not making a profit until strike plus premium.

[@raysmith7644]

You never showed how to roll an option to give you more time. Class was great byw!

[@BradFinn]

1:25:15 friend

[@mikegriffin727]

Great video... helped me understand a contract i got in that was tooo volatile when i got in... once it leveled out i got slammed even though the price moved in my direction

[@BradFinn]

Glad it helped!

[@hdzluismiguel]

Your videos are awesome! Just started to watch them this week and they helped me alot. Im saving se to watch when i have time. Question!! Which platform do you use?? I have webull , TD Ameritrade and robinhood. Is tradestation a better option to use in a tablet?

[@BradFinn]

I use many. Use what’s best for you

[@hdzluismiguel]

@@BradFinn thanks bro.. ill do that.

[@Hiro-eb4zx]

Super helpful tutorial for a newbie! Thanks and it was really easy to understand the content.

[@BradFinn]

You're very welcome!

[@2shotsz301]

I have one question; Why will you buy a call option if the strike price is below the stock value? Should you get a strike price above the share value since you know/think the stock will go up?

[@BradFinn]

Not sure what context this question falls under. Sorry

[@Frankcisco12]

@@BradFinn I think what he/she means is why not buy call out of the money 125 strike price current stock price 120 ex, if you know the stock price will be lets say 126 in the money.