August 5, 2025 • 14 mins
If you’ve got a smaller account and want real companies—not penny stock garbage—for running the Wheel Strategy, here’s my August watchlist. These setups are all names I’ve got real conviction in and are priced to make CSPs and covered calls more accessible for smaller portfolios. I walk you through where each is trading, what I’m watching for on the charts, and where the ROI on collateral actually makes sense. This is exactly how I approach “cheap” Wheel plays without sacrificing quality or discipline.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
If you've got a small account and you're looking for
some quote unquote cheap wheel strategy stocks, well here are
the ones I'm paying attention to this August. Yo, what
is going on home, premium chasers. I hope you are
having a god blessed today. Today, every single person that
comments down below is going to get my cash secured
put and my cover call premium trackers and a few
other things. If you want those free resources, just drop
(00:22):
a comment. I'll personally respond to you with those and
hit that like button and that subscribe button while you
are down there. Guys, it helps us to reach more
people with this insanely amazing strategy of selling options. But today, guys,
we're talking about cheaper wheel strategy stocks. Now, these aren't
gonna be some penny sketchy stocks, guys. These are actually
real companies with real revenue with real users. Okay, this
(00:43):
channel is all about for me more you know quote
unquote safer companies that I have a lot of high conviction.
And now, obviously do your own research on all of
these companies. I can't stress it enough. These are only ideas.
What you do with them is you have to go
research the companies, build your own conviction. Don't ever follow
anybody anybody on YouTube or wherever you're listening in on,
(01:04):
like for investment advice, and I think I think you
guys do a good job at that. But let's get
into this guy. So the first one is Snapchat. Now,
some of these I'm gonna have mentioned before. Some of
these are gonna be new. This is just the way
it is. These are off of my watch list. Okay,
So I'm not just gonna throw random stocks at you
guys just for the sake of content. Okay, But with
that said, Snapchat, I'm paying attention to. We do have
(01:27):
earnings after close today, so that is going to be big. Okay,
we're gonna be paying attention to that. Okay, Now let's
go over and see what kind of setups we do
have on Snapchat right now. Now, Snapchat is, you know,
towards you know, it's it's above the middle Bowlinger band,
So it's kind of right at that fifty RSI level,
and it's kind of playing with its two hundred day
moving average right now for around nine ninety two. So
(01:49):
it's not like it's set up beautifully for cast secured puts.
You know, I jumped in on our public portfolio on
the cast secured puts when we dropped down here, but
personally here I.
Speaker 2 (02:00):
Right now, it's just kind of like a good middle area.
You could do some caster good puts on this.
Speaker 1 (02:05):
Sure, it's but again maybe it's smart to wait to
see what happens after earnings. But we are in this
seven to fifty puts on this. Okay, So let's go
over here, and let's go over to our option section
and let's take a look at what we have at
open here for Snapchat. I'm gonna go out just at
our thirty day mark and start taking a look at
(02:25):
some of the stuff that's in my risk tolerance level.
I like to play with the twenty thirty delta areas.
Let's look at the eight fives. That's a twenty nine delta,
so definitely a little bit more on the aggressive ed
the eights, we got a twenty four collecting thirty two
dollars of premium. Let's take a look here. I will
put thirty two bucks and then we are eight hundred
(02:46):
dollars in or eight hundred dollars in collateral being locked
up on that. So a fantastic return here on that.
Now that is a twenty four delta, so about a
twenty four percent chance. That's the way I like to
look at it. Not the technical definition of delta, but
that is how a most option sellers, at least sane
ones like so look at it is a chance probability
(03:08):
of assignment, So about twenty three percent chance of assignment,
just about eighty of expiring, you know, worthless. That's a
decent setup in my opinion, and a honestly a very aggressive,
very aggressive return on collateral. Why do I say that, guys, Well,
I want you to manage your expectations. There's a reason
that this return is so high. Why is that return
(03:29):
so high? Because today is earnings, okay, and we don't
know what's going to happen with that.
Speaker 2 (03:33):
Okay.
Speaker 1 (03:34):
Now, obviously the lower down you go on the chain,
right the the the less premium going to get. You
can't even get the seven fifties right now. So got
in on those on the public portfolio very very well,
makes it you stay tuned for that guy's going to
be doing some moves on that. I got about three
thousand dollars that is just sitting around not doing anything
in the public portfolio. I think maybe two thousand actually,
so we will be making some moves here shortly on that. Okay,
(03:57):
So the second one that we are jumping into is
so far quickly just talking about Sofi. Guys, we talk
about it. Beat a dead horse with this. Me and
my relationship with Sofi is this. I'm out of the
shares right now. I need to see a pullback before
I jump into this. Listen, I try to be as
logical as humanly possible with Sofi. I sold my shares
at seventeen fifty on the public port right and I'm
(04:18):
completely happy with that right.
Speaker 2 (04:20):
So for me, I want to.
Speaker 1 (04:21):
See a pullback, go down closer towards that sixteen dollars level,
not necessarily below two and three hundred day moving average,
even though that would be fantastic.
Speaker 2 (04:29):
But SOFI has just been on a.
Speaker 1 (04:31):
Tear overbought these past couple months, and for me right now,
I think there's other opportunity elsewhere for me to look. Again,
I'm not buying and holding. I look at the market
a lot differently. When I'm looking at from the lens
of selling options. I am solely focused on income and premium.
That's it, and wherever I get that set up I'm
gonna take it. It doesn't need to be sofi because
(04:53):
again I don't care, right Like, it doesn't need to
be a specific stock, right because I'm not a buy
and holder at least with buying and se selling options
or selling options. Okay, next one is five. Okay, so five.
This is the one I really want to jump into
on some cash secured puts. Now it is a little
bit of a green day, but I'm gonna take a
look and see if I can get into the twenty
(05:14):
ones in the public port orfolio.
Speaker 2 (05:15):
So keep an eye out on that. Okay, let's go
take a look.
Speaker 1 (05:18):
I'll actually do some quick little research here on what
we can actually do if I can spell fiver correctly,
what we can actually get for the twenty ones. Right,
So we're gonna click sell a put, and then we
are going to go out again. It's just the expiration stuck,
but at least for at forty five days here right now,
the twenty two is offering one hundred and five dollars
in premium. Wow, the twenty one is offering seventy. Oh,
(05:42):
this one's a nice thirty two out a little bit aggressive,
seventy dollars of premium. Let's go seventy dollars. That's locking
up twenty one hundred dollars three point three to three percent.
That's not bad. I may take that trade. Stay tuned
on the public port I may actually do that trade here.
Once I'm done shooting here, I might. Okay, so we'll we'll,
(06:02):
we'll see, and then we have forties. I don't mind
going forty five days out. If my return is my
R one collateral is a bit higher, that's just me
at least. So Fiver, it's you know, it's set up nicely,
still towards that bottom bowlinger band, well below the two
and three hundred day moving average. You know, so again,
great setup and a great company that I have a
lot of high conviction. And next one is up Work,
(06:24):
also set up really nicely, a bit of a you know,
up Work and Fiver both had a great day yesterday here,
So let's go take a look out here because this
might be an option as well for the public up portfolio.
Speaker 2 (06:34):
I like doing these live. I hope you guys like
it too.
Speaker 1 (06:36):
Obviously, make sure that, like if you do drop comments,
you'll get all the free calculators and stuff that I'm
showing you we're going to sell put here on up Work. Again, similarly,
note we don't have much options here. Nothing we ain't
got not in here, guys, Absolutely nothing available on up
work right now. So whatever it is, what it is,
you know, that's that's just how it goes with some
(06:57):
of these companies. But I do love up Work when
there are some good options available for it that aren't
super far out.
Speaker 2 (07:03):
So I am watching this. When I do have opportunities
for up Work, I usually.
Speaker 1 (07:07):
Will jump into it as well because it is a
nice cheap stock forward right. I've mentioned for it a
few times here on the channel, guys, a bunch of
times on the channel. I love it because it's a
great dividend paying stock, but it's kind of not been
giving us much of a setup here recently, right, trading
at eleven dollars right now. So just over it's three
hundred day of moving average and you know about a
you know, and over it's two hundred day moving average
(07:28):
too here as you see, but we're not seeing a
great setup. I really wanted to get into this one
as well on the public portfolio, but again I don't
rush things, guys, As you guys say, I try to
be very patient, right, Patience pays as an option seller.
Speaker 2 (07:41):
In my opinion, you don't. You don't have to force trades.
You just don't.
Speaker 1 (07:46):
That's just my opinion about it. So, man, even the elevens,
I see, that's too aggressive of a delta for me.
The ten fifties, eighteen, let's say eighteen, and that is
locking up one fifty. That's not bad, it's that's a
sweet spot. But I'm trying to push towards two percent
on anything I do on the public portfolio. You guys
(08:07):
can see the trade log right here. I'm really trying
to stay closer to that to two percent range when
I can.
Speaker 2 (08:15):
So that is, I mean, it's okay.
Speaker 1 (08:17):
But we'll say again, when I'm looking at comparing this
to Fiver or some of the other setups I get.
Speaker 2 (08:22):
Even that I pushed out the expiration data bit.
Speaker 1 (08:25):
I'm just gonna, you know, I'm just gonna I'm gonna
go with that, right because at one point seventy to one,
and that's locking it up for thirty one days.
Speaker 2 (08:31):
It's just not giving me the.
Speaker 1 (08:33):
Return ro on collateral that I need a least for
the rules that I've set for myself.
Speaker 2 (08:37):
You have to go make those rules for yourself. Guys,
I can't stress it enough.
Speaker 1 (08:40):
Right, whatever you're collateral, you know, whatever kind of return
you want see on your crolord, you got to figure
that out based on your risk tolerances and obviously most
importantly your own research. But it's not set up right,
just right towards the middle kind of middle bowling your
band area.
Speaker 2 (08:55):
So there's nothing crazier.
Speaker 1 (08:57):
I am patient guys, Like I see some of you
guys doing like easy puts when like stuff's at like
the top.
Speaker 2 (09:02):
Of the Bolinger band area. You're just asking for it.
Speaker 1 (09:05):
It might work for you, but you're asking for it,
fam you are asking to get burned. And this is
a strategy that I believe you don't have to trade
every day. That's like, I don't understand why you feel
that you need to trade every day. Over trading leads
to losses. Go look at the research done on that.
What's selling options? You trade a handful of times a month, right,
is way better than trading hundreds of times?
Speaker 2 (09:27):
Right.
Speaker 1 (09:28):
I just can't stress it enough. Next one is craft
Time's a little bit more on our expensive side of
the list, But we are setting up nicely again here Okay,
we hit the top Bowlinger band.
Speaker 2 (09:39):
Some of you guys know, we did talk about this
one a while. For a while.
Speaker 1 (09:42):
We were doing like cassecured puts on this and I'm
planning to run the same play again. So we kind
of bounce off that top Bolinger band and are working
our way towards back towards this bottom. I would love
to get back in like the twenty five's on this.
Let's go take a look at it, see if anything's
even available. I don't think I have enough collateral in
the public portfolio to be able to do twenty fives
without dipping into margin, which I don't necessarily mind, if
(10:03):
it makes sense.
Speaker 2 (10:04):
But again, like again, it's towards that middleble. It's a
green day.
Speaker 1 (10:07):
See when it's a green day like this, you don't
you get what seventeen bucks on the twenty fives and
that's well, it's a sixteen delta.
Speaker 2 (10:13):
But even like the twenty six is thirty two.
Speaker 1 (10:15):
Delta, you only collecting thirty nine dollars, Like, it's just
not it's just not worth it to me in my
in my opinion, that's why it's it's so much better
to just wait. But it is very heavily on my
watches because it has hit that top bone band and
it's starting to work its way back once it gets
down to like that twenty five level. If it does,
we're going to see some great premiums available for us
at like the twenty five or twenty four level. Next
(10:38):
one is American Airlines. Obviously I'm paying attention.
Speaker 2 (10:40):
To this one, guys.
Speaker 1 (10:41):
This said, there's a big position that I have on
the public portfolio with two contracts of American Airlines set
to expire on the twenty second, so not too far
away here towards the end of the month, but I
have two contracts for eleven dollars puts okay on this now,
it's nice to see that we are seeing some green
here on the front.
Speaker 2 (10:59):
American Airlines trading at eleven twenty seven.
Speaker 1 (11:01):
Still decently. You know, a lot of the airlines are
getting beat up right now. I don't again if I
get assignment, it is what it is. But it's still
set up really, really nicely for some cash secure puts
again trading towards that middle bol and your band area,
but under the middle, so still decent if you're looking
at it. You know, last yesterday I was looking in
(11:21):
our Mastermind group. I was really trying to make something
happen in the public portfolio, and then I shot the video.
I was like, well, nothing happened, and.
Speaker 2 (11:29):
Guess what, that's a smart move, at least for me. Right.
Speaker 1 (11:32):
So with that said, you can't force things to happen
that just aren't there, Like I know I keep saying
that a lot this video, but it's like, my like,
that's my thing, Like I can't I can't struss that enough.
Like I've been burned so many times and stupid things
that I've done, and some of you guys obviously know
about those inside oss, but like it's just like I
always get burned whenever I feel like I need to
be trading, because you don't, like, just take a step back,
(11:55):
let's all go touch some grass, right, Like it's.
Speaker 2 (11:58):
Just like it's really it's it really is.
Speaker 1 (12:01):
That's why I love this trading strategy, guys, because it's
not a trading strategy. I like to look at it
as like a short term investing strategy. I'm not a trader.
I'm not a full time trader, right, but I do
believe this is a fantastic way to earn income and
create an active income by putting your money to work
for you without like starting a business or something like that.
Speaker 2 (12:19):
Right, But with that.
Speaker 1 (12:20):
Said, going into our last stock here is Piser. So
we had a decent earnings here today, not in a
great position necessarily for the cash secured puts anymore. It
took a bit of a dive here, but we are
getting close to doing our covered calls on it. Why
do I like doing cover calls well, because Fiser maybe
has a great dividend that I'm collecting and then I
(12:42):
can do my cover calls above.
Speaker 2 (12:45):
I like to go above the two and three.
Speaker 1 (12:46):
Hundred day moving averages like twenty sevens. I doubt twenty
eights are gonna have absolutely anything. But as we work
towards that two three hundred day moving average, I'll be
able to collect my dividends and I'm collecting my premiums
as well on a weekly or monthly from Pfizer being
up four percent today. Guys, if you want to stay
ahead of the curve with your option selling, whether you're
(13:06):
a brand you're just trying to get into this, or
you're already a veteran collecting that juicy premium, you want
to surround yourself with incredible people giving you mental ship.
Mastermind all the tools and resources you need to set
up an option selling portfolio for yourself, specifically using the
ARC option strategy. Click the first looky the description of
today's video. Guys, you're going to learn what the ARC
option strategy is, how it fits into everyday life, and
(13:28):
most importantly, if you want to join us inside of
our Mastermind group, you'll be able to book a completely
free call with us, no high pressure tactics. We just
don't want to have toxic people in there, and we
want to make sure you're financially stable as you guys.
Speaker 2 (13:39):
See listen, if you have like a.
Speaker 1 (13:40):
Thousand dollars or like two thousand dollars or three thousand dollars, like,
this isn't a strategy that's really gonna work for you.
I'm I'm just being honest, right, you have to This
is a strategy that takes money to make money. And
I'm sure you've heard that before. Guys, Remember sell options,
clleed premiums.
Speaker 2 (13:54):
Repeat. I'll see y'all tomorrow.
Speaker 1 (14:00):
M
If you've got a small account and you're looking for
some quote unquote cheap wheel strategy stocks, well here are
the ones I'm paying attention to this August. Yo, what
is going on home, premium chasers. I hope you are
having a god blessed today. Today, every single person that
comments down below is going to get my cash secured
put and my cover call premium trackers and a few
other things. If you want those free resources, just drop
(00:22):
a comment. I'll personally respond to you with those and
hit that like button and that subscribe button while you
are down there. Guys, it helps us to reach more
people with this insanely amazing strategy of selling options. But today, guys,
we're talking about cheaper wheel strategy stocks. Now, these aren't
gonna be some penny sketchy stocks, guys. These are actually
real companies with real revenue with real users. Okay, this
(00:43):
channel is all about for me more you know quote
unquote safer companies that I have a lot of high conviction.
And now, obviously do your own research on all of
these companies. I can't stress it enough. These are only ideas.
What you do with them is you have to go
research the companies, build your own conviction. Don't ever follow
anybody anybody on YouTube or wherever you're listening in on,
(01:04):
like for investment advice, and I think I think you
guys do a good job at that. But let's get
into this guy. So the first one is Snapchat. Now,
some of these I'm gonna have mentioned before. Some of
these are gonna be new. This is just the way
it is. These are off of my watch list. Okay,
So I'm not just gonna throw random stocks at you
guys just for the sake of content. Okay, But with
that said, Snapchat, I'm paying attention to. We do have
(01:27):
earnings after close today, so that is going to be big. Okay,
we're gonna be paying attention to that. Okay, Now let's
go over and see what kind of setups we do
have on Snapchat right now. Now, Snapchat is, you know,
towards you know, it's it's above the middle Bowlinger band,
So it's kind of right at that fifty RSI level,
and it's kind of playing with its two hundred day
moving average right now for around nine ninety two. So
(01:49):
it's not like it's set up beautifully for cast secured puts.
You know, I jumped in on our public portfolio on
the cast secured puts when we dropped down here, but
personally here I.
Speaker 2 (02:00):
Right now, it's just kind of like a good middle area.
You could do some caster good puts on this.
Speaker 1 (02:05):
Sure, it's but again maybe it's smart to wait to
see what happens after earnings. But we are in this
seven to fifty puts on this. Okay, So let's go
over here, and let's go over to our option section
and let's take a look at what we have at
open here for Snapchat. I'm gonna go out just at
our thirty day mark and start taking a look at
(02:25):
some of the stuff that's in my risk tolerance level.
I like to play with the twenty thirty delta areas.
Let's look at the eight fives. That's a twenty nine delta,
so definitely a little bit more on the aggressive ed
the eights, we got a twenty four collecting thirty two
dollars of premium. Let's take a look here. I will
put thirty two bucks and then we are eight hundred
(02:46):
dollars in or eight hundred dollars in collateral being locked
up on that. So a fantastic return here on that.
Now that is a twenty four delta, so about a
twenty four percent chance. That's the way I like to
look at it. Not the technical definition of delta, but
that is how a most option sellers, at least sane
ones like so look at it is a chance probability
(03:08):
of assignment, So about twenty three percent chance of assignment,
just about eighty of expiring, you know, worthless. That's a
decent setup in my opinion, and a honestly a very aggressive,
very aggressive return on collateral. Why do I say that, guys, Well,
I want you to manage your expectations. There's a reason
that this return is so high. Why is that return
(03:29):
so high? Because today is earnings, okay, and we don't
know what's going to happen with that.
Speaker 2 (03:33):
Okay.
Speaker 1 (03:34):
Now, obviously the lower down you go on the chain,
right the the the less premium going to get. You
can't even get the seven fifties right now. So got
in on those on the public portfolio very very well,
makes it you stay tuned for that guy's going to
be doing some moves on that. I got about three
thousand dollars that is just sitting around not doing anything
in the public portfolio. I think maybe two thousand actually,
so we will be making some moves here shortly on that. Okay,
(03:57):
So the second one that we are jumping into is
so far quickly just talking about Sofi. Guys, we talk
about it. Beat a dead horse with this. Me and
my relationship with Sofi is this. I'm out of the
shares right now. I need to see a pullback before
I jump into this. Listen, I try to be as
logical as humanly possible with Sofi. I sold my shares
at seventeen fifty on the public port right and I'm
(04:18):
completely happy with that right.
Speaker 2 (04:20):
So for me, I want to.
Speaker 1 (04:21):
See a pullback, go down closer towards that sixteen dollars level,
not necessarily below two and three hundred day moving average,
even though that would be fantastic.
Speaker 2 (04:29):
But SOFI has just been on a.
Speaker 1 (04:31):
Tear overbought these past couple months, and for me right now,
I think there's other opportunity elsewhere for me to look. Again,
I'm not buying and holding. I look at the market
a lot differently. When I'm looking at from the lens
of selling options. I am solely focused on income and premium.
That's it, and wherever I get that set up I'm
gonna take it. It doesn't need to be sofi because
(04:53):
again I don't care, right Like, it doesn't need to
be a specific stock, right because I'm not a buy
and holder at least with buying and se selling options
or selling options. Okay, next one is five. Okay, so five.
This is the one I really want to jump into
on some cash secured puts. Now it is a little
bit of a green day, but I'm gonna take a
look and see if I can get into the twenty
(05:14):
ones in the public port orfolio.
Speaker 2 (05:15):
So keep an eye out on that. Okay, let's go
take a look.
Speaker 1 (05:18):
I'll actually do some quick little research here on what
we can actually do if I can spell fiver correctly,
what we can actually get for the twenty ones. Right,
So we're gonna click sell a put, and then we
are going to go out again. It's just the expiration stuck,
but at least for at forty five days here right now,
the twenty two is offering one hundred and five dollars
in premium. Wow, the twenty one is offering seventy. Oh,
(05:42):
this one's a nice thirty two out a little bit aggressive,
seventy dollars of premium. Let's go seventy dollars. That's locking
up twenty one hundred dollars three point three to three percent.
That's not bad. I may take that trade. Stay tuned
on the public port I may actually do that trade here.
Once I'm done shooting here, I might. Okay, so we'll we'll,
(06:02):
we'll see, and then we have forties. I don't mind
going forty five days out. If my return is my
R one collateral is a bit higher, that's just me
at least. So Fiver, it's you know, it's set up nicely,
still towards that bottom bowlinger band, well below the two
and three hundred day moving average. You know, so again,
great setup and a great company that I have a
lot of high conviction. And next one is up Work,
(06:24):
also set up really nicely, a bit of a you know,
up Work and Fiver both had a great day yesterday here,
So let's go take a look out here because this
might be an option as well for the public up portfolio.
Speaker 2 (06:34):
I like doing these live. I hope you guys like
it too.
Speaker 1 (06:36):
Obviously, make sure that, like if you do drop comments,
you'll get all the free calculators and stuff that I'm
showing you we're going to sell put here on up Work. Again, similarly,
note we don't have much options here. Nothing we ain't
got not in here, guys, Absolutely nothing available on up
work right now. So whatever it is, what it is,
you know, that's that's just how it goes with some
(06:57):
of these companies. But I do love up Work when
there are some good options available for it that aren't
super far out.
Speaker 2 (07:03):
So I am watching this. When I do have opportunities
for up Work, I usually.
Speaker 1 (07:07):
Will jump into it as well because it is a
nice cheap stock forward right. I've mentioned for it a
few times here on the channel, guys, a bunch of
times on the channel. I love it because it's a
great dividend paying stock, but it's kind of not been
giving us much of a setup here recently, right, trading
at eleven dollars right now. So just over it's three
hundred day of moving average and you know about a
you know, and over it's two hundred day moving average
(07:28):
too here as you see, but we're not seeing a
great setup. I really wanted to get into this one
as well on the public portfolio, but again I don't
rush things, guys, As you guys say, I try to
be very patient, right, Patience pays as an option seller.
Speaker 2 (07:41):
In my opinion, you don't. You don't have to force trades.
You just don't.
Speaker 1 (07:46):
That's just my opinion about it. So, man, even the elevens,
I see, that's too aggressive of a delta for me.
The ten fifties, eighteen, let's say eighteen, and that is
locking up one fifty. That's not bad, it's that's a
sweet spot. But I'm trying to push towards two percent
on anything I do on the public portfolio. You guys
(08:07):
can see the trade log right here. I'm really trying
to stay closer to that to two percent range when
I can.
Speaker 2 (08:15):
So that is, I mean, it's okay.
Speaker 1 (08:17):
But we'll say again, when I'm looking at comparing this
to Fiver or some of the other setups I get.
Speaker 2 (08:22):
Even that I pushed out the expiration data bit.
Speaker 1 (08:25):
I'm just gonna, you know, I'm just gonna I'm gonna
go with that, right because at one point seventy to one,
and that's locking it up for thirty one days.
Speaker 2 (08:31):
It's just not giving me the.
Speaker 1 (08:33):
Return ro on collateral that I need a least for
the rules that I've set for myself.
Speaker 2 (08:37):
You have to go make those rules for yourself. Guys,
I can't stress it enough.
Speaker 1 (08:40):
Right, whatever you're collateral, you know, whatever kind of return
you want see on your crolord, you got to figure
that out based on your risk tolerances and obviously most
importantly your own research. But it's not set up right,
just right towards the middle kind of middle bowling your
band area.
Speaker 2 (08:55):
So there's nothing crazier.
Speaker 1 (08:57):
I am patient guys, Like I see some of you
guys doing like easy puts when like stuff's at like
the top.
Speaker 2 (09:02):
Of the Bolinger band area. You're just asking for it.
Speaker 1 (09:05):
It might work for you, but you're asking for it,
fam you are asking to get burned. And this is
a strategy that I believe you don't have to trade
every day. That's like, I don't understand why you feel
that you need to trade every day. Over trading leads
to losses. Go look at the research done on that.
What's selling options? You trade a handful of times a month, right,
is way better than trading hundreds of times?
Speaker 2 (09:27):
Right.
Speaker 1 (09:28):
I just can't stress it enough. Next one is craft
Time's a little bit more on our expensive side of
the list, But we are setting up nicely again here Okay,
we hit the top Bowlinger band.
Speaker 2 (09:39):
Some of you guys know, we did talk about this
one a while. For a while.
Speaker 1 (09:42):
We were doing like cassecured puts on this and I'm
planning to run the same play again. So we kind
of bounce off that top Bolinger band and are working
our way towards back towards this bottom. I would love
to get back in like the twenty five's on this.
Let's go take a look at it, see if anything's
even available. I don't think I have enough collateral in
the public portfolio to be able to do twenty fives
without dipping into margin, which I don't necessarily mind, if
(10:03):
it makes sense.
Speaker 2 (10:04):
But again, like again, it's towards that middleble. It's a
green day.
Speaker 1 (10:07):
See when it's a green day like this, you don't
you get what seventeen bucks on the twenty fives and
that's well, it's a sixteen delta.
Speaker 2 (10:13):
But even like the twenty six is thirty two.
Speaker 1 (10:15):
Delta, you only collecting thirty nine dollars, Like, it's just
not it's just not worth it to me in my
in my opinion, that's why it's it's so much better
to just wait. But it is very heavily on my
watches because it has hit that top bone band and
it's starting to work its way back once it gets
down to like that twenty five level. If it does,
we're going to see some great premiums available for us
at like the twenty five or twenty four level. Next
(10:38):
one is American Airlines. Obviously I'm paying attention.
Speaker 2 (10:40):
To this one, guys.
Speaker 1 (10:41):
This said, there's a big position that I have on
the public portfolio with two contracts of American Airlines set
to expire on the twenty second, so not too far
away here towards the end of the month, but I
have two contracts for eleven dollars puts okay on this now,
it's nice to see that we are seeing some green
here on the front.
Speaker 2 (10:59):
American Airlines trading at eleven twenty seven.
Speaker 1 (11:01):
Still decently. You know, a lot of the airlines are
getting beat up right now. I don't again if I
get assignment, it is what it is. But it's still
set up really, really nicely for some cash secure puts
again trading towards that middle bol and your band area,
but under the middle, so still decent if you're looking
at it. You know, last yesterday I was looking in
(11:21):
our Mastermind group. I was really trying to make something
happen in the public portfolio, and then I shot the video.
I was like, well, nothing happened, and.
Speaker 2 (11:29):
Guess what, that's a smart move, at least for me. Right.
Speaker 1 (11:32):
So with that said, you can't force things to happen
that just aren't there, Like I know I keep saying
that a lot this video, but it's like, my like,
that's my thing, Like I can't I can't struss that enough.
Like I've been burned so many times and stupid things
that I've done, and some of you guys obviously know
about those inside oss, but like it's just like I
always get burned whenever I feel like I need to
be trading, because you don't, like, just take a step back,
(11:55):
let's all go touch some grass, right, Like it's.
Speaker 2 (11:58):
Just like it's really it's it really is.
Speaker 1 (12:01):
That's why I love this trading strategy, guys, because it's
not a trading strategy. I like to look at it
as like a short term investing strategy. I'm not a trader.
I'm not a full time trader, right, but I do
believe this is a fantastic way to earn income and
create an active income by putting your money to work
for you without like starting a business or something like that.
Speaker 2 (12:19):
Right, But with that.
Speaker 1 (12:20):
Said, going into our last stock here is Piser. So
we had a decent earnings here today, not in a
great position necessarily for the cash secured puts anymore. It
took a bit of a dive here, but we are
getting close to doing our covered calls on it. Why
do I like doing cover calls well, because Fiser maybe
has a great dividend that I'm collecting and then I
(12:42):
can do my cover calls above.
Speaker 2 (12:45):
I like to go above the two and three.
Speaker 1 (12:46):
Hundred day moving averages like twenty sevens. I doubt twenty
eights are gonna have absolutely anything. But as we work
towards that two three hundred day moving average, I'll be
able to collect my dividends and I'm collecting my premiums
as well on a weekly or monthly from Pfizer being
up four percent today. Guys, if you want to stay
ahead of the curve with your option selling, whether you're
(13:06):
a brand you're just trying to get into this, or
you're already a veteran collecting that juicy premium, you want
to surround yourself with incredible people giving you mental ship.
Mastermind all the tools and resources you need to set
up an option selling portfolio for yourself, specifically using the
ARC option strategy. Click the first looky the description of
today's video. Guys, you're going to learn what the ARC
option strategy is, how it fits into everyday life, and
(13:28):
most importantly, if you want to join us inside of
our Mastermind group, you'll be able to book a completely
free call with us, no high pressure tactics. We just
don't want to have toxic people in there, and we
want to make sure you're financially stable as you guys.
Speaker 2 (13:39):
See listen, if you have like a.
Speaker 1 (13:40):
Thousand dollars or like two thousand dollars or three thousand dollars, like,
this isn't a strategy that's really gonna work for you.
I'm I'm just being honest, right, you have to This
is a strategy that takes money to make money. And
I'm sure you've heard that before. Guys, Remember sell options,
clleed premiums.
Speaker 2 (13:54):
Repeat. I'll see y'all tomorrow.
Speaker 1 (14:00):
M
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