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Any specific issues with his content? I don’t think I heard anything from him ever that I would strongly disagree with.

What are these "non-standard" options on my TOS?

What about buying 90DTE put to collar the stock? It’s unlikely for IV to crash on GME, so you should be able to close at break even or better once the shorter dated call expires?

I can tell he is a nice and knowledgeable guy, but it hurts my brain to decipher what he is saying. Maybe English is not his native language or he just does the Yoda thing %% :)

I agree with all you said. What I have been doing is selling ATM or slightly OTM covered calls and then trying to get my avg price down. Once my avg sufficiently away, I would just stay naked ( but not with GME lol)

Ah, right mark to market wise. But he’s not handling clients, just trading for his own “income “ @Sweet Bobby maybe you can explain what it is you are trying to accomplish by trading this way? How are you planning on handling open losses?

But is it misleading? You can get into positions which don’t show you profits immediately, but you can wait until they turn around. Meanwhile, you are booking realized profits. As long as you manage size.

What industry is that - options trading?

I thought the idea is to only roll for a credit, so that you don’t put any more money into the trade but give yourself some more time. But if the option moves too much into the money, it becomes impossible to roll for credit?

I think you may be right, BUT may not.

Well, after countless reminders, begging, threatening, and ultimately blackmailing, the first iteration is done! LOL.

Isn’t this kind of backwards? Shouldn’t your risk tolerance and market conditions dictate how much premium you can extract? That, in turn, will dictate your returns.

I don’t know man, this is very arguable in the current market environment. I think this depends on which game you are playing. If you are trying swing trade the stock, then yes, but it’s not a pure wheel strategy imho. Sometimes I sell puts on stocks that I don’t really want to get assigned...

Lol

Do you even have kids? I never said it was the only present.

I think best way is to do wheel on stocks you are familiar with (better yet trading). After searching, I found below resources that made sense to me: https://www.thebluecollarinvestor.com/ (basically IBD50) https://www.great-option-trading-strategies.com/ (10 to 20 carefully selected stocks -...

Yeah, that’s the problem with these gurus. Once they had their 15 minutes of fame, they just can’t sail quietly into the sunset. I don’t follow him religiously. I read his book and it did change my life. And for that, I am forever thankful.

As he says in the video, it’s about the mindset. The investment vehicles are secondary and change with times.

In the video he mentions “The Power of Now” Talk about life changing book. Below book was my daughter’s sweet 16 birthday present (of course she hasn’t read it yet two years later lol)

I can overlook the integrity of the messenger because the message is great. His original book is mandatory reading for kids (and adults).