what's happening life gainers we've been on this stock roll here lately and i'm back to give you
guys another video on my favorite strategy the wheel option of selling puts and if you ever get
stuck with the stock you can then turn around sell calls on the individual stock and someone
asked me to give them a few good stocks that aren't you know high dollar that they can use
to get at least one percent return on their money because that's pretty much better than what you're
going to get by having your money in a savings account currently unless you go to one of the
online banks so let's do it if you're finding me for the first time please subscribe to the channel
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life every now and then i talk about the videos i do but also if you're into watching tv shows
in particular crying dramas follow me on my big channel lamont tyson everybody knows by
now that's been following me for a while i'm a big fan of doing selling puts but i showed an example
where i used tesla as a stock and a lot of people just basically cussed me out because it's like man
i ain't got a hundred thousand dollars or whatever it costs to do something that big so show us some
smaller ones so i'm gonna show you a couple that i think would work that you guys can make
a consistent you know maybe five percent a month or however long you decide to set out your option
strategy so first let's go to this one which is riot blockchain now the only caveat to this stock
ladies and gentlemen it can be very very volatile and chaotic which means there's always a chance
that you might get stuck with the stock so if you're going to use this strategy make sure it's a
stock you believe in long term and let's go ahead and get into the options chain take a look at it
and so with this one you'll be clicking to sell a put a better strategy to do my people
would be to wait a month out so instead of doing it per week click this thing out a month so you
can give the stock some time to have intrinsic you can you can let the leverage of the intrinsic
value of the stock become your friend because once you get up the time decay becomes your friend
and once you get up you can always get out of the stock with a profit if you notice it's going
backwards and so when you put that expiration date out to november the 12th you can come down in here
and see which one of these you feel the most comfortable holding now i normally tell people
you probably want to do something around when you click in here and you look at the greeks
you want this number to be you know no higher than about 35. so if you was comfortable with that you
could click on the 22 strike and remember that means you're going to have to have 2
200 to make a gain of you multiply this by 100 as well you multiply that by 100 because
one contract equals 100 shares of stock so for that 2200 you will be getting 126 dollars now
if you're someone who's feeling a little bit more risque you really really believe in this stock you
could do the 25 strike price that lasts out to a month because you think the stock is going to stay
above 25 or is either going to flat line at 25 or go higher and then you could click in this strike
now your delta is a little higher than what i would want it but let's just say you believe in
it you're comfortable if you get caught with the shares because you're going to turn around and
you're going to sell calls on the shares you would effectively be getting 250 for letting 2500 just
sit in your robin hood account that's pretty close to one percent on your return of money right there
and you know you could just bank on that money you could keep doing this over and over again but
like i said if you got caught at expiration for whatever the reason and i keep saying this people
you do not have to stay in this this contract till expiration if it starts going crazy you can just
buy to close and get out of it but let's just say you didn't care about that because you like riot
all right so you get caught with the stock all you would then in turn do is turn around and you sell
a call above the share price you got caught with so in this case you would have gotten caught with
25 25 per share i mean you've gotten caught with a 25 strike price so at the very least you need to
sell calls at 25 and if possible higher because then if you get this thing exercise and they
call your shares away you would get the difference between 25 and 27 which would be two more dollars
per share on top of getting the premium if you pick the 27 strike which would be 242
so this is a good one my people another good one that i like is bank of america all right i
like this one too for you guys to get and when you click in here and take a look at bank of america
you're going to sell a put you're going to let it expire a month out so about november 12th now
on this one you're not going to get a whole lot of money because it's way more stable than what
riot was so the implied volatility on different is way way way low way low so if you was to put up 4
300 because you would have to multiply the strike by 100 you're only going to get 81 dollars back
and so for someone who wants surefire money i would go with something like bank of america
that has low volatility but for someone who's a little bit more risky and you believe in a company
for sure you can use riot however you want to do it at your leisure and make yourself some little
extra money without having to have your stock sit in somebody's bank account not earning anything so
that's going to do it for this video don't forget to like my video please comment subscribe get
yourself that life get my people start learning how to make these investments in the stock market
and if you ever want to do a one-on-one session with me the link is in video description we can
make that happen i typically do those one-on-one sessions every thursday around 6 p.m and we can
try to help you guys navigate these murky waters of stock investing so that we can
make this thing a game for you going forward and until that net sexy as hell video i'll see you