Safe Passive Income with Covered Calls in 20 Minutes | $500 A Day Option Trading Beginners

Covered calls are one of the top strategies for making passive income. I sell covered calls all of the time to make $500 a day or more. It's the best passive income investment and startegy along with the wheel.
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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!

[ameerskater]

Great video. How do you find good stocks to sell CCs on?

[CraigBarrettEsquire]

Great video! I have been doing the wheel strategy with SPY selling puts at a desired entry price and selling calls at a price above my cost basis. This is a high percentage win strategy. However, I have been experimenting with credit call bear spreads where it allows me to sell calls and collect premium without putting up shares for collateral (covering the call). By buying a call at a slightly higher strike price and selling one at th lower strike, same expiration date, allows me to collect a premium and benefit if the price of the underlying security stays below the strike price and expires worthless. but I do not need to own 100 shares of the underlying security. However, I am primarily generating income with my covered call in SPY rolling them out for a credit if the market moves against me in the short term since I do not wish to be assigned, disrupting my buy and hold strategy.

[ocwpbvg]

I sell cov calls on avgo, visa,aapl, and ibm. Do you recommend avoiding any cover car positions during X dividend months? Thanks for all your input – really enjoy your videos

[CarltonsTravelAdventures]

I do puts on AMZN. Good premium and I believe its low enough right now. I would like to know more about rolling up and down. I never really roll my positions, but I have friend who love to roll. I thought it was best to just get assigned the shares when I do puts (if against me) then do a call. Few weeks ago I did a put and got assigned then did the calls and loss the shared at $2 higher, but made the extra $200 plus the premiums. I thought it was a good week. What the big advantage in rolling up and down?

[scottamolinari]

This is one of the first strategies that made sense to me and one of the first ones that also seems to be fairly foolproof. The other is cash covered puts.

As I see it, the overall concept of the covered call strategy is, if you own a security that also has options trading on it, if the price is currently lower than what you bought the security for, you can use covered calls to "make up" the lost value of the security, while it is down. If you do the trades right, you can get continuous income despite your losses or even while you have losses in the stock market.

Anyone, do correct me if I am wrong. (I'm admittedly learning all this currently).

[slotrey]

This is one of the best covered call vid I've seen. Love that you used NIO too one of my favs.

[c.fab.]

Watched a lot of videos trying to learn selling call and puts this video is gold thanks bro new subscriber 💪🏼🔥

[platinummontu]

You put out some good quality explanations and sensible trading strategies. I have seen an occasional video where we catch a glimpse of a spreadsheet you use to track cost basis in your options strategy. Would it be possible to do a video reviewing how you track your cost basis and determine how your overall positions on a stock has worked out over the month(s)/year(s). I would love to see a scrubbed/fresh spreadsheet or potentially a download. Any chance of a video on this?

[edmandell]

Great Video Henry! When doing Covered calls on Dividend stocks do you close your position 2 days prior to the Ex dividend date to capture your dividend pay out? I wasn't sure if Heinz pay Dividend before July or not.

[mrpremiumoftheoption]

My two favorite div stocks to write/sell options and wheel, are MO and OKE! ...3x that div ;)

[ayeshash]

Great video. Do you have a strategy for a stock bought over the course of some time at much higher prices (e.g. BABA, COIN, JPM etc.) than it is trading presently? Thanks

[Gman-]

Thanks for your video Henry! What kind of options can I do with around 1500$

[yvonnek]

Thanks Henry! I look forward to all of your videos.

[konstantinos]

Great video. I really want to see TESLA and how you use the GREEKS along with IV, thanks!

[shogo]

Great video as always henry and appreciate the content. SO here is my question for you. What are your picks for small portfolios starting out with a few hundred bucks? Like 300$ what would you do right now with it?

[ZeroCostCylinder]

I been watching you for a few years now. Ty for your time and your hard work. Please keep it coming.

[rexrandall]

I sold a CSP on Sofi today at the 5 dollar strike with a expiration date of May 5th. Premium is 9 dollars my first transaction in selling options.

[kaiboc]

Doing the wheel strategy on SOFI stock, I would be interested in getting your thoughts on SOFI, thanks.

[Art]

It can be a little moody sometimes, but I will frequently include ENPH into my wheel/ covered call positions for income purposes.

Excellent video sir

[jeffjohnson]

Henry, I've been thinking about a strategy of when a stock has a dividend coming up on this Friday to sell a call credit spread because we know that 99% of the time Scott stocks go down on the ex dividend day Period Let me know what you think