I know this is a three month old video but it would be great to have more videos educating call options it's confusing to me
I use covered calls and covered puts in a wheel strategy. I use the premium from the calls to buy more dividend stocks. If I am called out of a dividend stock and I want back in, I then sell an ATM put to get back in. Then I sell a covered call again. However, if I don’t want to be called out I roll the call. I use all premiums and dividends to buy more dividend stocks.
Using options as a strategy took me a few years to figure out which one was suited for my personality and goals. I like to sell puts to go long stock then sell cc’s to make premium. It’s not a home run strategy but does not have a lot of volatility cause I use dividend stocks. If I want to be riskier I will use bull put spreads and bear call spreads.
Great video Joseph. You should consider talking about ethereum too. If you told alot of people earlier this year that ethereum would get over 1500$ by February 2021, many wouldn't have thought is possible. It's happening today
wake up babe new bow tie nation post
Semper Fi Marine. Love your show
I’ve been selling covered calls but sometimes the stock price rose so much that i lost my shares. That happened to me with SPCE, CCIV, OPEN. These were going up like crazy
Hi Joseph. For what expiration date do you usually sell calls? Especially on stocks that you prefer to keep and not obligated to sell. Do you monthly? or weekly? thanks
@Let's Talk Money! with Joseph Hogue, CFA You have recommended some gold/silver mining companies in the past. Their recent performance was really impressive. Could you please recommend new gold/silver/copper companies? Thanks
Selling covered calls and cash covered puts have given me a 60% return this year, I usually use the money I get in premium to by more shares of dividend paying stocks. A good thing to think about is if it is worth taking all the way to expiration a good example I sold a $49 strike call on my shares of QS that were expiring today for $204 the other week I could have closed the contract by spending $30 on Thursday but I wanted to keep the whole $204 and had purchased stocks with the premium and didn't want to sell or put in more money so I let it ride. Today the stock went above $55 and I had to spend $420 to get out of the contract and then sold a new higher strike price call for $450 expiring next week. If I had closed my old contract I would be up $424 instead of $234 right now I'm still making profit but it is frustrating to loose out on money you could have made.
The problem of dividen stock is its lacks growth potential and 30% us tax …option is thus a tool to cash flow high growth stocks then.
I just wanna get more money from option trading to feed into dividends stocks
thank you sir
Thanks for another informative video Joseph, I'll be headed over to check out Thomas' video next and your 5 options trading strategies for beginners. I wanted to ask your take on an idea this video presented me, I have a line of credit (HELOC) at my credit union that I took out while rates were low. That money is just sitting there not working for me, this video made me think of using it to generate cashflow, secured?, by possibly using stocks I don't mind getting stuck with. Bad idea?
MEN, YOU ARE THE BEST
Love the bow tie and the way you teach!
Joseph Hogue, is this your official account (lets_talk_money_josephhogue)? Someone here is really trying to pretend and try to be you on Instagram with (let_talk_money_josephhogue). Do you even respond on Instagram? And please don't anyone respond to this unless you are Joseph Hogue, CFA. I know the information I suppose to see if he is really responding so all others please don't respond to this unless you are the real Joseph Hogue
Thank you for what you do to help all of us
Why do some stocks have options and some dont?
Thanks for the great video! Wonder if we sold the covered call options. Does that mean we cannot sell the actual stock and have to keep it for the duration? Or what happens if we did? Much appreciate if you can walk us through this.
11:08 you start talking about how you might miss out on some of those gains if the share price jumps above the price you set for your covered calls for. i want you to know that, that fomo quote "that last risk can be heartbreaking especially if youve sold calls on a stock and it soars higher", is part of trading and 100% would rather be the guy that is upset about getting 36% return rather then 52% return. im sorry to seem critical but its important for others, who havent been trading options that its risky if you dont take time to learn and learn slowly.
Thankyou so much for all your content Jo. i watch you consistently so i can learn how to invest.
I can't believe I didn't do this before…. best decision ever…
I sell puts on stocks I would like to own but are too expensive at current prices. A lot of people don't realize that this has the exact same risk /reward as selling covered calls. Receive a premium, limited gain, unlimited loss [down to zero] if the market falls. Option traders refer to a covered call as a "synthetic short put."
I'd been hearing about covered calls for a while, but being relatively new to buying calls, I had a limited idea of exactly how selling covered calls worked. This video was extremely informative and I feel like I have a good grasp of the fundamentals after watching.
Going forward, I'll definitely have a call option strategy in the back of my mind as I take up various positions of 100+ shares.
I always found the strangle and straddle method to be interesting but never knew how to apply it reliably. Love the videos !
Another good one Joseph! Could you do one on how to enter a position via selling puts?
That second risk happened to me and I almost missed out on major gains… Then I learned how to roll my options. After holding for a few extra months, I'm back in the money. Do a video on rolling the options so your viewers can mitigate their risk! Great video btw!
Yeah but you have to have 100 shares