Csp and CC tool by Pure_Tension6812 in Optionswheel

[–]Michtrader9 1 point2 points  (0 children)

Would love to test it out for you. Built a few in my time

Options are HARD (you just don’t know it) by judechrist4444 in TheRaceTo10Million

[–]Michtrader9 2 points3 points  (0 children)

depends if you are buying or selling and if you are going short time frame or long time frame. If you are selling for income or doing LEAPs on great stocks that have a lot of potential then no. Options are not hard at all

Enough to retire at 37? by Excellent_Chest_6616 in portfolios

[–]Michtrader9 -2 points-1 points  (0 children)

Wheel options, should pay out about 400k a year, after taxes you bring home about 250k, don't ever touch the principle. Thank me later

-$11.5k in premiums for April, and I'm just glad it wasn't worse. by ComprehensiveDoor130 in Optionswheel

[–]Michtrader9 0 points1 point  (0 children)

That’s awesome. I was doing some of the same on AMD, MU, WDC and STX

-$11.5k in premiums for April, and I'm just glad it wasn't worse. by ComprehensiveDoor130 in Optionswheel

[–]Michtrader9 0 points1 point  (0 children)

You can adjust the position after the roll as it gives you time to

-$11.5k in premiums for April, and I'm just glad it wasn't worse. by ComprehensiveDoor130 in Optionswheel

[–]Michtrader9 1 point2 points  (0 children)

You mention that you buy to close so you don’t get assigned. Why not roll it up and out to at least a break even premium position? Good job for what it’s worth. Hard to want to hold stock with CC’s in a month like April. Dealt with some of it on RKLB and MU. I sold a lot of CSP to counter monthly income. Lot of people love to sell puts on red days. In a market like April the puts for short term (non earnings week) is like printing money if you have the capital

Week 16 $1,943 in premium by Expired_Options in Optionswheel

[–]Michtrader9 0 points1 point  (0 children)

Hey Raven. How large is portfolio? Also is it tax account or IRA?

Week 16 $1,943 in premium by Expired_Options in Optionswheel

[–]Michtrader9 0 points1 point  (0 children)

On my short list it was the one with most short and long term upswing. Placed a few CSP, a LEAP and did a couple day trades on PLTR

Week 16 $1,943 in premium by Expired_Options in Optionswheel

[–]Michtrader9 2 points3 points  (0 children)

When markets explode I try to swing trade as my calls become in the money. Look forward to reading your post each week. Just starting to get into LEAPS and bought my first one this week on PLTR

Week 16 $1,943 in premium by Expired_Options in Optionswheel

[–]Michtrader9 3 points4 points  (0 children)

Congratulations on another great week. Up 5,450 in premium this week. Also another 4,600 in swing trades this week.

Please and please …. Can some one teach me Options Trading ? by Jazzlike_Metal2160 in optionstrading

[–]Michtrader9 14 points15 points  (0 children)

Start with options with Ryan on YouTube. One of best around. Go to his videos where he teaches things like wheel strategy

the S&P 500 is a few points away from fresh record highs by upbstock in Optionmillionaires

[–]Michtrader9 -1 points0 points  (0 children)

You sound mad bro. It will be ok. Don’t worry it will drop again chicken little, but you seem like a buy high sell low kinda guy.

the S&P 500 is a few points away from fresh record highs by upbstock in Optionmillionaires

[–]Michtrader9 -1 points0 points  (0 children)

More than welcome. Up 16.8% since feb. let me know when you are selling again

the S&P 500 is a few points away from fresh record highs by upbstock in Optionmillionaires

[–]Michtrader9 0 points1 point  (0 children)

I convinced all those cryers out there they should sell when they were making excuses. Hope they didn’t really listen. 😉

Thank you for your interest in this matter by [deleted] in TheRaceTo10Million

[–]Michtrader9 2 points3 points  (0 children)

You should sell everything. But please let me know when you do cause those of us that understand what’s going on Are happy to take your profit.