SELLING PUTS ON SPY WITH A SMALLER ACCOUNT | TRADING OPTIONS

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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!

[bassgod]

The 4% on the long strike isn’t the barometer of success. If spy is above 352 but below your short strike, you lose money, and there’s a better than 4% chance of that happening

[scotthenderson]

I love that your helping so many. For me the difference between your small and my small are vastly different not to mention starting out with level 3 margin account vs level 1 cash account but if I stop trying calls and stay with crap companies selling puts I'll get there.

[eBargainsToday]

hi Henry, would you suggest beginners in options trading to do iron condors on SPY? What is the average return on such a strategy?

[nostalgic-wf]

I sell Credit put/call Spread on SPY everyday and has been making consistent income. I just want to know if I should let it expire worthless, or should buy back at 0.01-0.02, what do you recommend?

[staffan_ofwerman]

Great video. I'm a newbie and haven't even started trading options (yet). Trying to learn more about it first. But one question. If you have an expiration date, like in the video. Why do you close your trade? Isn't going to be closed by itself when it expires?

[tregoningcolin]

Will this spread work on any stock? And any broker?

[Thebrokeragemoneymachine]

Wow. This blew my mind…thank you for the video.

[i.can.sew.anythingchic]

This information is invaluable! Thank you sooo much!

[jessewashere]

Did Robinhood changed the way how we buy or sell options? (Im new to this) it wont let me do more than one option at a time?

[cluggyahoo]

Excellent video Henry. Clear and precise.
Wouldn't that be a bull credit spread ?

I particularly appreciated the fact that you spoke more slowly than your other videos.

That helped a lot.

Thank you Sir

[ksoonsoon]

Can the close of the position be automated with a tool or bot?

[djbracing]

Henry, my Robinhood account doesn't allow me to do spreads yet. Are there any tips to get them to upgrade you to level 3 earlier than the one year timeframe they give? I'm stuck with only the basic one leg strategies until then otherwise. Thanks!

[richard]

Henry aftermarket is very dangerous for option trading closing your option at $362 can cause a large loss if the after market keeps decreasing you too in the money

[es]

Hi Henry. Is there a good reason you don’t buy the put directly lower than the one you sold? You can just open multiple contracts to get the same return vs. buying a put way lower in price

[nebn]

I love this video! Commenting for the algorithm I like it so much 🤗👍

[jameswright]

Been doing something very similar to this since 2004 but with "standard" monthly options on low-volatility stocks. I had no idea SPY had daily options until I saw this video. Going to give this a try. Thanks!

[BrotherK-exco]

Good example. Spy is one of my favorites to trade.

[noahchristian]

If I had $3000 should I open 1 of theses trades or use the whole 3 grand to open 3 of them? I want to maximize my gains while being safe and staying in the game.

[levialston]

I have been following your channel open a robinhood account with $100 to start robinhood don't do level 3 options did I miss something in your videos?

[maxreynoso]

Why can’t you show us how to actually close the position? Do say this a lot in your videos but you never show us. Thank you