Greg, love your work, but don't love when you gaslight. You know exactly why BB King asked, and most of us know the answer, and why you won't answer... you're probably selling options for pennies, but can afford to risk a lot more if the option dips below the strike price than most of us. BB King, here is your answer... XOM is $55.61 now, selling a Sept 24th $45 put (19% of $55.61 and 2-weeks out) would net you $4.00 per option (before fees), but put you on the hook for roughly $4,500.00 if the option dips below $45 at closing and you don't buy to close. If you sold 10 options, you could net $40.00, but would need the $45K in your account, otherwise most brokerage firms won't allow the trade. Unless I'm corrected, you need at least $100K in your account, and put all at risk, to make any real money. Greg, if you're clear on what you're trading, you may lose some subs since they can't play the same game, but you would have a better quality sub list, and it would grow from there, with the right people.
Exactly this. This would mean you could make $80 every two weeks if you lock up $90,000 of capital. Do this 26 times a year and you can make $2080/year on that $90,000. That's a 2.3% return on $90,000 per year. How can 2.3% return on $90,000 be a winning strategy? And that still is holding the risk of having to buy the underlying stock for $90,000. I can't see how setting out to make 2.3% is the goal. Greg will say "It takes money to make money" but the percentage doesn't change; it's still 2.3%. Greg, how can your chosen strategy make a maximum of 2.3%? Even if we are talking about larger amounts, you would only be profiting $208k on $9 MILLION. What am I missing?? A general index fund would make 8% per year on average, you could pull out half of that increase ( 4%, almost double what selling puts would make you) and still grow your $9M by 4% per year.
Greg, quit thinking like a trump-voter. This is what they said....
"Greg, would you consider mentioning specifically which dates/strike puts you are selling in your trades? It would be great if you would include those in the emails touting your trades each time."
So....give them what they asked for. <<<would you consider mentioning specifically which dates/strike puts you are selling in your trades?>>>
Mention SPECIFICALLY which dates/strike puts YOU are selling in YOUR trades. They don't know if they should have a $5.00 wide spread $10 wide spread or whatever. If YOU tell them EXACTLY what EXACT options YOU are selling then they don't have to engage in any guesswork. And yes, I understand THEY may NOT be able to afford the options YOU are selling, but hey...you don't know their budget and are therefore NOT liable for them getting into heavy positions too large for their account size. Maybe they ARE able to go in as heavy as you do for their account size. Right now you have to assume they have the cash to cover their arse. Just make sure you have disclaimers everywhere otherwise you might have another "Roundhead" on your hands trolling you all over YouTube. Hahahahahahahahahahaaaaaaaaa! Eeeeeeeeeeeeeeheheheheheheeee! 😃 🤣 😂
Oops, let me back all "them thar'" comments up. trump backpedals, so can I. Hahahahahahahahahahaaa! Heheheheheheheeee! 😃
My comment was for spreads, not selling a Put, which you were talking about.
I'm torry, pwease forgive me. 🤣
Now that I got the fog and spiderwebs out of my head, yeah, you're right. It couldn't be any simpler....as close to 20% out of the money as possible and as close to two weeks out as you can get.
Maybe they don't know what 20% out of the money means. I dunno. Help them out Greg.
Mike Mahone is out in full swing along with several others pumping triple digit silver. He has been wrong for more than a decade.
In the mean time king dollar is curling up as Europeans and Asians buy as much dollars as they can. They issued dollar denominated debt and chickens are coming home to roost.
Keep hanging on to them thar' silver nuggets WaveRider. Believe you me, the S is going to hit the fan...we're starting to already with these Death-Jab mandates. Half the country is now Jabbed and the Jabbed are going to be real angry once they find out they've been duped and they will be mad at us un-jabbed because we didn't take it. Hahahahahahaaa!
I know you can see the insanity starting. I saw it 10 years ago when most couldn't and I WARNED people the government is going to take their rights away, but nooo, no one believed me and they laughed at me. Well bub, now I am the one laughing as the government chases people down with The Death-Jab! Hahahahahahahahaaaa! 🤣 🤣
Hang on to your silver WaveRider, you will need it when things get crazy and The FED decides to allow inflation to get totally out of control.
I know what you're going to say in response so I'll save you the trouble......
WaveRider Response--- <<<Silver has been part of the garbage for the last 10 plus year to begin with and the shills are selling it $10 above the spot. I don't how I ended up buying this crap called silver.
This should have been our warning to get out of commodities and this means hopefully commodities will bounce here.>>>
Oh, I've been hanging onto crypto for 3 years now and am buying more. It took THAT LONG for my crypto to finally get to the point where it is starting to trend nicely, but I'm happy. I've skimmed off money to buy some "wants" in my life and also to buy more new name crypto. I'm making higher profit than I did trading options. Hahahahahahahaaaa!
My point is......sometimes you gotta wait a while for your ship to come in, but when it does, it brings joy and you're glad you bought when you did. Patience buddy. 👍
thanks. I agree with you on silver. However, I don't have any crypto. Reasons are:
1. Only way any crypto would go up is because, more people are buying. A classic ponzi. There is no other reason. It's not that Bitcoin will buyback or issue dividend.
2. It will never be a real means of transaction because. A. Govt will never allow that. B. More importantly, it would require all the power of the sun and all the computers on earth to run all the transaction in just Miami. So it's an impossibility.
3. More and more cryptos keep coming. Thus unlimited supply.
So I don't know why people are buying. Whenever the chart would look perfect, THAT's when it will drop as whales sell and get out. Not sure what am I missing
There is no such thing as "too much silver" WaveRider. That animal doesn't exist in the animal kingdom. Just keep hanging onto your silver, the day of your vindication is coming. There will come a day when you will be glad you stacked that silver.
Hi Greg. I’ve watched the vid you put up a link for. Would you be able to do a step by step guide on credit spreads for Binance or +500 maybe. Thanks again. Love all your info and appreciate it by supporting your work through PayPal. Richard Fowle
THE POSITIONS HAVE ALL BEEN POSTED ON MY WEBSITE! Has ONE of them fallen 20% since I have posted them there? NO... Look, I want to help people like you out-but I simply cannot hold anyone's hand. If you really need a babysitter I suggest not trading at all.
Greg, love your work, but don't love when you gaslight. You know exactly why BB King asked, and most of us know the answer, and why you won't answer... you're probably selling options for pennies, but can afford to risk a lot more if the option dips below the strike price than most of us. BB King, here is your answer... XOM is $55.61 now, selling a Sept 24th $45 put (19% of $55.61 and 2-weeks out) would net you $4.00 per option (before fees), but put you on the hook for roughly $4,500.00 if the option dips below $45 at closing and you don't buy to close. If you sold 10 options, you could net $40.00, but would need the $45K in your account, otherwise most brokerage firms won't allow the trade. Unless I'm corrected, you need at least $100K in your account, and put all at risk, to make any real money. Greg, if you're clear on what you're trading, you may lose some subs since they can't play the same game, but you would have a better quality sub list, and it would grow from there, with the right people.
Exactly this. This would mean you could make $80 every two weeks if you lock up $90,000 of capital. Do this 26 times a year and you can make $2080/year on that $90,000. That's a 2.3% return on $90,000 per year. How can 2.3% return on $90,000 be a winning strategy? And that still is holding the risk of having to buy the underlying stock for $90,000. I can't see how setting out to make 2.3% is the goal. Greg will say "It takes money to make money" but the percentage doesn't change; it's still 2.3%. Greg, how can your chosen strategy make a maximum of 2.3%? Even if we are talking about larger amounts, you would only be profiting $208k on $9 MILLION. What am I missing?? A general index fund would make 8% per year on average, you could pull out half of that increase ( 4%, almost double what selling puts would make you) and still grow your $9M by 4% per year.
Greg, quit thinking like a trump-voter. This is what they said....
"Greg, would you consider mentioning specifically which dates/strike puts you are selling in your trades? It would be great if you would include those in the emails touting your trades each time."
So....give them what they asked for. <<<would you consider mentioning specifically which dates/strike puts you are selling in your trades?>>>
Mention SPECIFICALLY which dates/strike puts YOU are selling in YOUR trades. They don't know if they should have a $5.00 wide spread $10 wide spread or whatever. If YOU tell them EXACTLY what EXACT options YOU are selling then they don't have to engage in any guesswork. And yes, I understand THEY may NOT be able to afford the options YOU are selling, but hey...you don't know their budget and are therefore NOT liable for them getting into heavy positions too large for their account size. Maybe they ARE able to go in as heavy as you do for their account size. Right now you have to assume they have the cash to cover their arse. Just make sure you have disclaimers everywhere otherwise you might have another "Roundhead" on your hands trolling you all over YouTube. Hahahahahahahahahahaaaaaaaaa! Eeeeeeeeeeeeeeheheheheheheeee! 😃 🤣 😂
Give...them....what....they.....asked.....fooooooor Gregory Mannarino.
Oops, let me back all "them thar'" comments up. trump backpedals, so can I. Hahahahahahahahahahaaa! Heheheheheheheeee! 😃
My comment was for spreads, not selling a Put, which you were talking about.
I'm torry, pwease forgive me. 🤣
Now that I got the fog and spiderwebs out of my head, yeah, you're right. It couldn't be any simpler....as close to 20% out of the money as possible and as close to two weeks out as you can get.
Maybe they don't know what 20% out of the money means. I dunno. Help them out Greg.
Today I'm Happy-Happy, Joy-Joy! Heheheheheheheheeee! 😂 🤣
But still.....tell them the EXACT Put you sold...date/strike. Buuuhuhuhuhhahaa! 😈 😈 😈
Mike Mahone is out in full swing along with several others pumping triple digit silver. He has been wrong for more than a decade.
In the mean time king dollar is curling up as Europeans and Asians buy as much dollars as they can. They issued dollar denominated debt and chickens are coming home to roost.
Keep hanging on to them thar' silver nuggets WaveRider. Believe you me, the S is going to hit the fan...we're starting to already with these Death-Jab mandates. Half the country is now Jabbed and the Jabbed are going to be real angry once they find out they've been duped and they will be mad at us un-jabbed because we didn't take it. Hahahahahahaaa!
I know you can see the insanity starting. I saw it 10 years ago when most couldn't and I WARNED people the government is going to take their rights away, but nooo, no one believed me and they laughed at me. Well bub, now I am the one laughing as the government chases people down with The Death-Jab! Hahahahahahahahaaaa! 🤣 🤣
Hang on to your silver WaveRider, you will need it when things get crazy and The FED decides to allow inflation to get totally out of control.
I know what you're going to say in response so I'll save you the trouble......
WaveRider Response--- <<<Silver has been part of the garbage for the last 10 plus year to begin with and the shills are selling it $10 above the spot. I don't how I ended up buying this crap called silver.
This should have been our warning to get out of commodities and this means hopefully commodities will bounce here.>>>
Was I right? Hahahahahahahahaaaa! 😆 😃 🤣
Take care WaveRider! 😃
Thanks. The problem is I got too much silver. I should have kept it at 5% of total. I got 5 times more than that.
Oh, I've been hanging onto crypto for 3 years now and am buying more. It took THAT LONG for my crypto to finally get to the point where it is starting to trend nicely, but I'm happy. I've skimmed off money to buy some "wants" in my life and also to buy more new name crypto. I'm making higher profit than I did trading options. Hahahahahahahaaaa!
My point is......sometimes you gotta wait a while for your ship to come in, but when it does, it brings joy and you're glad you bought when you did. Patience buddy. 👍
thanks. I agree with you on silver. However, I don't have any crypto. Reasons are:
1. Only way any crypto would go up is because, more people are buying. A classic ponzi. There is no other reason. It's not that Bitcoin will buyback or issue dividend.
2. It will never be a real means of transaction because. A. Govt will never allow that. B. More importantly, it would require all the power of the sun and all the computers on earth to run all the transaction in just Miami. So it's an impossibility.
3. More and more cryptos keep coming. Thus unlimited supply.
So I don't know why people are buying. Whenever the chart would look perfect, THAT's when it will drop as whales sell and get out. Not sure what am I missing
There is no such thing as "too much silver" WaveRider. That animal doesn't exist in the animal kingdom. Just keep hanging onto your silver, the day of your vindication is coming. There will come a day when you will be glad you stacked that silver.
need the exact strike and and date to do the options ,like you use to do
Hi Greg. I’ve watched the vid you put up a link for. Would you be able to do a step by step guide on credit spreads for Binance or +500 maybe. Thanks again. Love all your info and appreciate it by supporting your work through PayPal. Richard Fowle
It is impossible to select a strike in a PUT that is a 20% OTM, maybe you meant 20% ITM instead
I think there is a confusion and the best way is that someone need to share a leat one video showing this 20% OTM
Thanks Greg, excellent information
How about you provide some of your actual positions where you've had success with the 20% put strategy?
THE POSITIONS HAVE ALL BEEN POSTED ON MY WEBSITE! Has ONE of them fallen 20% since I have posted them there? NO... Look, I want to help people like you out-but I simply cannot hold anyone's hand. If you really need a babysitter I suggest not trading at all.
Greg, can you address how your strategy of selling 20% OTM puts for 2 weeks at a time at best only generates about 2% profit on your capital?
And that's 2% PER YEAR, not every two weeks
It's an ebook. You have to download it; you should have received a link from lulu.