I'm determined to keep generating options income from QQQ, no matter what the position serves up to me every week. I attack this trade from above and below when QQQ share price drops again today. Nobody wanted to buy my expiring call, even for just pennies, so I couldn't roll it out. But no worries - I just let it expire at the end of the day and I'll sell a new on on Monday! With the price in a big dip, I picked up a few more shares to hold long, and sold a cash secured put. I'll let you know next Friday, Sept. 13, 2024 what price I get for the covered call I'll be selling on Monday. We'll also see if the put or the call go in the money and make decisions about adjusting the trades. As always, I'll link next week's video at the end as soon as it's ready. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

Today I roll a covered call on QQQ, increasing my strike price to exactly where I want it! Watch to the end to see how an extra $2193 in options premium in the past 3 1/2 months has made all the difference and taken this position to profitability. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

Every time a covered call or cash secured put reaches expiration day, I decide whether to 1) do nothing, 2) close the option, or 3) roll. Today's decision will be easy. I have several possible trade adjustments available, and they are all good choices! I have been generating income with this trade campaign since May, 2024, and today's trade adds another $103 to my bottom line. As my covered call expires, I balance my goals of raising the strike price, generating short term income and keeping a relatively short contract term. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

With this new trade set up on SCHD, I'll be growing a long term position by buying shares, selling cash secured puts, selling covered calls, reinvesting dividends and occasionally selling shares to lock in profits. No matter which way the underlying share price moves, I'll be bringing cash into the account and adding shares. The next trade adjustment will be on or about August 16. At that time, I'll share the outcome of this trade and make adjustments for the next month. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

Last week my cash secured put on QQQ was deep in the money and I decided to accept assignment. You may remember I was hoping to wheel the position and sell a covered call at a strike price of $490. But the share price never moved in my favor, so... This week, you can watch me: 1) Sell a covered call above my breakeven, but lower than the price at which I was assigned, 2) Buy some more shares to take advantage of the dip, and 3) Sell an out of the money cash secured put to generate more income. I chose a new path forward, and I'm still not worried. At the end, you'll find my analysis of the potential outcomes of these trades. I also place a "good til canceled" aspirational order, so I can take my eyes off this position for a little while. This is a deep dive trade repair, and if you'd like to see how we got here, start with some of the earlier videos and follow the story. The first trade was on May 17, 2024, and I always put a link at the end of each week's trade video, so you can easily find the next one to see how my thesis plays out. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

Roll a cash secured put? Roll a covered call? Do nothing? Collect dividends? I generate cash and keep it flowing in my direction with all these strategies. This is my first monthly trade adjustment on expiration day for an SCHD position I set up 24 days earlier. If you are trading it too, let me know what you're doing and what your outcomes are. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

This is the third bad week in a row for QQQ and a good lesson about the importance of having cash collateral to secure my puts! I face the same three choices I face every week: do nothing, close, or roll. Because I planned ahead and set aside the cash to secure the put, I now have the power to manage this situation in a way that aligns with my long term goals. So while I'm not happy, I remain free of stress. Watch the full video to see which path I choose and how I continue to manage this trade, even as the market shifts. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

Last week I sold an out of the money cash secured put, and a covered call above my breakeven. Both options expire next week. but I've committed to a transparent process with weekly updates, so I'm showing you the positions anyway! Today, I confirm that the passage of time is doing its job and I don't need to take any action. Things are nice and boring and profitable, just like I like them! See you on August 23 when these two contracts are ready to expire. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!