Lock In Profits Without Using A Day Trade! SPY Ghetto Spread Setup!
Faced with locking in profits on two trades, but only having one day trade left, I used a Ghetto Spread setup to exit one trade for profit and remove risk on the second trade!
Subscribe to Trading 5 Talents to learn how I use options trading, specifically The Wheel Strategy to boost my monthly budget.
LINKS
Subscribe: https://bit.ly/T5TSubscribe
Twitter (@trading5talents): https://twitter.com/trading5talents
Patreon: https://www.patreon.com/trading5talents
Trade 5 App: https://bit.ly/Trade5App
Robinhood (Affiliate Link): https://join.robinhood.com/santial2
#########################
WHAT IS THE WHEEL STRATEGY?
The Wheel Options Trading Strategy is an options selling strategy that can generate consistent, monthly income. Also known as the Triple Income Strategy, passive income is generated from:
1. Selling Cash Secured Put Options
2. Selling Covered Call Options
3. Capital Gains on Stocks Sold
The Wheel Strategy is a relatively easy options trading strategy and is considered one of the safest strategies. While not completely risk-free, it benefits from theta decay which works against many other options trading strategies. To learn more, check out the videos below.
OPTIONS BASICS!
Options 101: What Are Options? - https://youtu.be/kxqQfx7fWqw
Options 101: Options Greeks - https://youtu.be/W0dHt4h0zY4
Options 101: In the Money or Out of the Money? - https://youtu.be/aXGSHniI9ow
NEW TO THE WHEEL STRATEGY?
Wheel Strategy Overview - https://youtu.be/GDZV2l0YtP8
Selling Cash Secured Puts - https://youtu.be/QfBqUCIN5aQ
Selling Covered Calls - https://youtu.be/yFvmzjirFMY
Link to OptionSellerROI Screener - https://optionsellerroi.com/
LIFESTYLE TRADING
Lifestyle Trading Overview - https://youtu.be/7DEw2lSRUXY
FREE TRADE LOG FOR THE WHEEL STRATEGY
Video Tutorial - https://youtu.be/Wxu6ySHqqW4
Download Link (Google Sheets) - https://bit.ly/T5TTradeLog
* Click on "File" then "Make a copy"
DISCLAIMER
I am not a financial advisor and this is not financial advice. This content is only for educational and entertainment purposes only. Any trades you see here are either past trades I’ve made or an example trade. Please don’t follow any trades you may find in these videos.
#SPY #GhettoSpread #CreditSpread #TheWheelStrategy #SellingOptions #MakingMoney #LifestyleTrading #PassiveIncome #OptionsTrading #Options #Stocks #StockMarket
-
0:48
Trading 5 Talents
11 months agoOctober 17, 2023 Trade Review - Options Alpha Trading Bot
17 -
34:40
Ron DeSantis
11 hours agoGovernor DeSantis Provides Update #9 as Hurricane Milton is Making Landfall
79.8K66 -
1:10:48
vivafrei
10 hours agoFlorida Update and Maybe Some Law Stuff
84.7K88 -
1:42:08
Glenn Greenwald
13 hours agoKamala Can't State Differences From Biden; X Back In Brazil; Report Emerges About U.S. Role In Destroying Nord Stream | SYSTEM UPDATE #349
107K224 -
59:48
The StoneZONE with Roger Stone
11 hours agoWill It Come Down To Pennsylvania? w/ PA Chase 'Head Honcho' Cliff Maloney | The StoneZONE
80.2K22 -
2:45:01
WeAreChange
13 hours agoBIBLICAL?! Trump Getting Shot In The Ear And Getting Back Up ACTUALLY PROPHESIZED!
112K90 -
5:41:11
Drew Hernandez
20 hours agoTRUMP RALLY PA & KAMALA BOMBS BIG GIRL MEDIA BLITZ
108K50 -
1:26:28
The Big Mig™
1 day agoSoprano’s Drea De Matteo, Bada Bing Bada Boom
98.8K12 -
2:00:44
Melonie Mac
13 hours agoGo Boom Live Ep 24!
66.3K19 -
1:57:46
2 MIKES LIVE
12 hours ago2 MIKES LIVE #127 Tracking Milton, News Breakdown w Special Guest Mandy Gunasekara!
38.9K1