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I Found a Better Way to Sell Options: LEAPS

Invest with Henry

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𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐨𝐬𝐮𝐫𝐞: I'm not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered ""investment recommendations"". I shall not be held liable for any losses you may incur for investing and trading in the stock market in an attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!"

20 Comments

@NYTraderX 1 month ago

I scalp leaps…. If spy rsi hits 75 on the 5 minute, i sell a call 6 months to a year out, depending on volume and spread, and buy it back 5-10 minutes later for $50 profit. Rinse, repeat ✌🏻

@joshjuday3777 1 month ago

I've done this with 1 of your favorites AAL I sell itm leap puts and buy otm leap calls. Never taken a loss on it over the years. Have to time it right but it works. I'm currently waiting to get back in.

@h00vSAT 1 month ago

Henry! Gracias for the tips!
How do we protect this? Stop loss Buy back if it falls close to $500?

@sridharkowligi 1 month ago

Thank you Harvey, it’s a great video and very informative.

@auggiedan 1 month ago

Watch out for gamma squeezes

@WanderlistAdventures 1 month ago

I opened a LEAP sell option on MU in May. 20 delta, strike price 550. Premium received 93.70, capital required on $5,850. I will close it out this week been open for ~100days

@paulcrow4827 1 month ago

Has SOFI done what MU did in the example? Just wondering.

@MG-sm4ux 1 month ago

Hi, can the required capital for a short put option change? For example, if the required capital is $5k when the position is opened, can it increase as volatility rises?

@travismartinson1813 1 month ago

I plan to sell Leaps for income when I retire. It's a very safe strategy because you can sell them deep in the money and have a large buffer against loses on the stock. You're not going to make big gains doing it, but you will have decent consistent income with low risk.

@tjk1058 1 month ago

What do you think about SOXL?

@Andrew-cm5tc 2 weeks ago (edited)

I sold a naked leaps put on apple during the tarriff crash. Longer dated, deep in the money puts are the most sensitive to volatility from what I've read. I was ok getting assigned the shares at that price on margin. I didn't want to buy leaps calls because the volatility was so high so I bought shares and sold puts. Now there are single stock futures but I haven't done anything with them yet. I don't think they qualify for 1256 tax treatment though and I don't think they can be exercised either which is kind of a bummer.

@zqq7645 1 month ago (edited)

What will happen if I close leap sell put early if I gain profit is higher than my premium collected ?

@HonestyKills-w2d 1 month ago

Hi Henry, I was just laid off from my 20yrs career and will like to invest the little $$ left wisely. I did take a stock training for a week but unsure of how, what and where since these trainings are looking for you to invest. Any ideas or information you can share for us beginners please? I would be grateful for any information on how I should start investing. I did subscribe to your channel and have watched most of your videos.

@maheshgvelly 1 month ago

Henry would like to join the leap challenge, none of the official links are working

@lionheart93 1 month ago

does the momney u get paid upfront show uo in your cash balance or where on robinhood?

@wearetheniche 1 month ago

I love this comment section. Everyone is a pro.

@LisaM-c4v 1 month ago

Why would you tie up so much money for so long?

@Daily_Bread73 3 weeks ago

Wouldn't it be more profitable to sell monthly put options compared to selling leaps ?

@810sFinest 3 weeks ago

Would SCHD be a realistic etf for this strategy?

@Andrew-cm5tc 2 weeks ago (edited)

Taxes for selling options on stocks and ETFs are taxed at short-term capital gains no matter how long you hold it. Options on futures and indexes qualify for 1256 tax treatment but those are not for beginners. If you buy a call and hold long enough, then you only pay long-term capital gains.