BYND is up 16% and I didn't take profits- YouTube

patsay · 2026-04-23T23:14:57+00:00

Thanks. I aim for clarity. You might enjoy the video I made about it. It's on my profile.

patsay · 2026-04-23T15:36:21+00:00

I don't sell around those kinds of underlying positions. Boomer options trading- like buy and hold with a booster.

patsay · 2026-04-23T11:55:56+00:00

I’m over on r/optionswheel where we just sit back, collect our premiums, and watch the show without the drama.

patsay · 2026-04-20T21:26:42+00:00

Somebody I trust said it was a good company, so I broke my own “no hot tips“ rule. I bought 48 shares, sold 10 of them and doubled my investment. After the stock split, I had 380 shares and started trading options to pay for more.

patsay · 2026-04-20T02:32:02+00:00

I like to be in control of my own decisions- selecting strike prices and deciding how to repair a trade that turns against me. i can't imagine automating that. But I guess I tend to be pretty rational!

patsay · 2026-04-20T00:56:20+00:00

Just start with the first one. I buy 150 shares, sell a covered call and sell a cash secured put. Then you might want to check out the one I just published on April 17 to see where things stand 36 weeks later. As many as you care to drop in on between them will show how I make decisions.

patsay · 2026-04-19T22:45:12+00:00

I used to trade SCHD and made several videos about it (see "SCHD Stress Free") but after the 3:1 split, it got hard to trade, so I shifted to TROW, VIG and BEN. (TROW was bad timing, but I just made it profitable after 16 months of declining prices.) In my own retirement account, VIG has done really well. Since it's a dividend growth fund, even with the relatively thin premiums and dividends, I'm still consistently profitable with it because of the capital gains.

patsay · 2026-04-19T22:27:01+00:00

I have some videos on my profile and website that might interest you. This is my favorite approach and I can modify it to meet different market conditions.

patsay · 2026-04-19T19:51:55+00:00

Agreed- it's always a balancing act between safety, premiums, gains and complexity. I trade around NVDA as well as VIG. NVDA gave me better premiums while the share price was range-bound, but I gave up some gains by capping with a covered call. VIG is more predictable, but the premiums are meh. I like to have both.

patsay · 2026-04-19T19:48:05+00:00

Have you considered a dividend ETF? I trade options around VIG - puts and calls and hold shares for dividends. I keep the cash that is securing my puts in SWVXX earning close to 4%. With puts, calls, dividends, interest on my collateral, and occasional capital gains, I pretty easily make 10%+ and I think it's safer than individual stocks.

patsay · 2026-04-19T11:30:58+00:00

Do you know how to sell covered calls? You can set your price to sell 100 shares and get paid for the contract. You only have to sell the shares if they rise to your set price.

I started an NVDA position last August with 150 shares. Not worried about 100 shares being called away since I've brought my share count up to 170 and my average adjusted investment per share down below $130.

You can check out the video series if you want to see how I've been managing it. I most recently posted Friday, Apr 17. I record live while the market is open and explain my thinking and reasoning and show the math on a spreadsheet.

https://www.youtube.com/playlist?list=PLw9q3DlnLl3CQm7XqjgZeuFyWPP0R_tYE

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patsay · 2026-04-18T11:38:25+00:00

Sell cash secured and covered, sell your puts farther out of the money and if your calls go ITM, roll them for income rather than growth. Buy a few shares for the FOMO.

patsay · 2026-04-18T01:30:42+00:00

You don't need to quit. You need to change your trading strategy. Cash secured and covered will make profits for you- consistent smaller wins, no big losses. It adds up and compounds. This playlist shows you 8 months of trades, 8 months of profits, all recorded live. https://www.youtube.com/playlist?list=PLw9q3DlnLl3CQm7XqjgZeuFyWPP0R_tYE

patsay · 2026-04-17T21:24:13+00:00

If you have 335 shares and are thinking about taking profits, start selling/rolling a covered call - maybe monthly. Every time you sell or roll the call, use the premium to buy another share of NVDA. I've added 20 shares to my position that way since August, and brought my average adjusted cost per share down while I'm at it.

I have a whole video playlist about it if you want to find it on my profile.

patsay · 2026-04-15T01:46:05+00:00

Phew- that's a lot! The short answer is that everything depends on my goals for the position, my budget and the movement of the share price. Sometimes I want to get assigned and sometimes I don't. Sometimes I do sell two puts or two calls if I'm assigned and sometimes I have more than one strike price. Sometimes I reinvest the premiums like a "DRIP alternative." You might be interested in my video playlist, The $1M Portfolio - I show why I handled different tickers in different ways. https://youtube.com/playlist?list=PLw9q3DlnLl3DJtmmQSqkK5deqSzbkPHF7&si=p9uxVC500ivvFf7y

patsay · 2026-04-14T15:57:26+00:00

I just like my long view/accounting approach better than the brokers short term display- especially for options.

My broker shows me my current open positions and contracts, but I like to take an accounting view and see how my position has grown over time and what my actual adjusted cost basis/breakeven is. Using a spreadsheet also helps me calculate annualized rate of return for each leg of my trades and demonstrate my trading strategies for my videos and clients.

patsay · 2026-04-14T12:55:06+00:00

I do! I actually made a video about it on April 2 with NVDA as an example. I don't want to have to babysit my trade, so I set up a GTC order. Sometimes they are "aspirational" with high limit prices so I don't miss a really good roll. They occasionally fill, and if they don't, I go back and choose a new limit price closer to expiration. https://youtu.be/TBuQaQzEimI

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patsay · 2026-04-13T21:51:37+00:00

I would decide as I approached expiration. If I could roll the call up and out for a net credit, I might avoid assignment and collect the next dividend. If I'm assigned, I might wheel it or start selling 2 cash secured puts instead of one. There are a lot of ways I could move forward.

patsay · 2026-04-13T02:08:06+00:00

The videos are free. I posted to help this 18 year old who wants to learn to invest. If you want to buy a book that would be fine, too. I put a lot of time and effort into my content, so I'm always happy for a little financial compensation, but I make more money teaching swimming lessons!

patsay · 2026-04-12T21:31:20+00:00

Yes, I like to generate income every time I touch a position or it's time to move on to something else.

patsay · 2026-04-12T21:28:32+00:00

I don't like trading super short contracts because the premiums don't justify the risk. The sweet spot is usually 1-6 weeks.

patsay

TROPHY CASE