25 Years Of Brutal Options Trading Advice In 17 Minutes

I sell vertical spreads but boy was I pissed missing out on 0.05 low to 55.0 Friday on SPX 7345 calls 6/26. Open was 10.0. When you enter you have taking a position. Wrong Direction really hurts 0dtes. Yes theta is your friend, but the tooth fairy shows up a lot picking lows during the day and getting your direction right. 90,000%. Selling is not always the answer, especially with rapid price action. Putting up 2000 to make 130 gets old

perfect way of teaching

Great video 👏 My wins increased tremendously when I avoided chasing losses, started trading on reaction instead of speculation or predicting the move beforehand then lastly I connected to the right person

This video was like a salted knife in my wounds... I'm down 7k in a month due to space stocks crash. Wasn't even getting crazy with the strike prices but expired worthless nevertheless. Wish I never discovered options. SpaceX IPO contributed sure, but it all my fault in the end. Smh

At this point, it feels like I’ve tried everything and nothing is sticking. Every time the market moves, I either panic out too early or watch losses pile up. I’m not chasing some overnight success, I just want to understand how to stay steady and make smarter decisions without second-guessing myself.

Great video. Love the content and your delivery style. Easy to understand. 👍

Getting into the market and trading sounded simple at first, but once I got in, the price swings and mixed information made everything more confusing. I’ve tested several strategies,_ yet the results are just not there. Seeing others move ahead while I struggle has been frustrating. Has anyone actually worked with someone who guides you step by step instead of recycled content? I need real guidance...

Do you have to buy if the price raises above strike but stays below your break even?

Only stocks for me. Options are too complex

If you want to be wealthy, buy shares. Do not mess around with leverage, options,shorting, and all the other crap people sell you on. I beat the market every year by many factors simply by trading shares and position sizing small. Cheers.

Lol....options or leap options..I call b😮..

How to know when someone is trying to manipulate the facts is when they keep talking about probabilities and not expected returns. If buying OTM calls is such a bad strategy why not be on the other end of it and sell OTM calls all day long for supposedly guaranteed profits? Something tells me you are not doing it, somehow that sweet 90% win probability is not good enough because you know it's not about probability it's about probability times returns,
Another common manipulation is providing all those risk calculations based on a silent assumption that the options will be held till expiration, when in reality they almost never will be. You don't need for a stock to take off vertically to make money on OTM calls as you are trying to make it look. Whenever a stock goes up at all on any given day you are very likely will be making good returns even on far OTM calls (we are talking reasonable OTM like under 80 delta, and reasonable DTE like 45+ days). All those greeks are a distraction from a bigger picture and only starting to matter in extreme cases (very close to expiration, extremely OTM strikes, huge volatility on the market). Normally a price action is fully dominating all option chains from OTM to ITM and greeks are contributing to it very little - if a stock goes up all call options go up on that day, and OTM usually offer higher returns (though also higher losses if the underlying goes down).
The best way to understand how options really move is to look at historical option pricing at different strikes and note what the stock was doing during that period. I think the best simple strategy is buying slightly OTM long expiring (leaps) calls. It makes sense as pretty much the only reliable market bias is that it goes up over time, you just need enough time. So if we know there is a high chance that the next year it will be slightly higher than today then buying slightly higher call options would offer the best expected returns. You can also sell puts to take advantage of the same upward bias but from my experience selling offers much lower returns than buying during the same rallies, as with selling you are capping your max returns, and with buying the turns are uncapped. If you want to profit the most from a price going up then the more efficient way to do it is buying options, not selling.

options are meant to be sold.

I don’t buy options, I just buy ETFs that profit from options, like GPIQ. I’m too lazy and don’t have time, so I leave it to the Pros 😉

Options are a zero sum. For every option bought there was a seller. The only winners are the broker as they earn money on both end of the trades. Trading options for over 25 years I learned selling weekly options worked for me as I am selling time using stocks as the vehicle.

BIG GAMBA

Thanks!

Just buy good quality companies at a discount, stay disciplined and consistent along with doing the wheel to earn upfront premiums. No brainer in my opinion

truth

so I want to hold my blue chip stocks i.e.) NVDA or MSFR for a long haul, so why wouldn't I sell covered call options with a strike price far above its current share price for a little bit of cash flow on the side??
if it goes down, I win, if it goes up, I win even harder.

Here is some real advice: Sell Options

would it be better to save up a load of capital say 5-10k before trading options

I´ve NEVER traded options and I don´t think I ever will. But this explanation is great and with all the visual clues and drawings it is very easy to understand. I think I will stick to my stock indices though 🙂

Some people would say that with selling covered calls, you're potentially giving away too much upside for the premium you're collecting now.

Don't buy options... SELL options. Much easier. Use AI to help you learn about options. Changed my life

Selling options is better lol

excellent

What about cash secured puts that is like 9 momths to 1.5 years away?

so great

Volatility is key for out of the money options I have made great money just be patient to enter low of the day or high

I buy otm but also buy leaps that I intend to hold a few days. Otm = more leverage. Large theta = minimal decay, contract appreciates off price action.

I think of options as a insurance. So if you buy stocks then you should buy options. Purely buying options and purely trading options is a foolish idea. At least- at least for a retailer. the bigger traders who sell options, it's fine for them because there is a market for insurance on your trade. But always buy options if you have stock. This is the best way according to me.

But I love options 😭

This is the most stupid video I've seen about traidng options in a long time. And I have seen a lot of stupid videos about trading options. You've been doing this for 25 years??

One of the best capsules out there…hopefully it is all true…do not trust lawyers one bit myself.

What is the difference between trading professional options versus trading regular options??🤓

this is why I scalp options.
see profit. take profit.

Headline: Don't drive cars.
Content: Don't drive without a drivers license.
Don't drive in the wrong side of the street...

Excellent

Literally a fantastic class. Thank you for making it simple for this person who needs it broken down elementary style.

This is almost good advice, except some major logical errors, or rather, a single one running throughout the video.

Recall what you said: the market isn't dumb, people know that earnings come with big moves, etc etc.

Now, count all the cases where you said "don't do that, it's bad". Well guess what, the market isn't dumb about those prices either. If you are so sure that a bunch of strategies are crap, no need to convince anybody: just short those strategies. 🤷🏻‍♂️

love it, very informative .. that's the reason i stick to cash secured puts.

Very helpful but what’s after theta drips 😂

Worst thing to happen to me when discovering options was having HUGE wins..back in 2021 when AMC squeezed i had 20 dollar call options. I think each contract went from like $20 to $3000 😂 i forget the exact ammount but i was hooked, and expected massive gains.. took me years to be profitable. I have been profitable for over a year now.. meaning i pay all my bills and have money to save strictly from trading options.. mostly SPY options but others as well. Im not where i want to be yet but doing good and improving.. probably clear $8000 -$10000 this month.. would tell most people to just buy index funds though lol.. unless your willing to lose money for years and MAYBE you will get the hang of it.. most dont