If I wanted to make $1,000 a week trading options, this is exactly what I’d do
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- čas přidán 22. 07. 2024
- SMB's Options Class: bit.ly/45xh2Mj
00:00 - Intro to Strategy
01:36 - Step 1
07:54 - Step 2
10:40 - Step 3
12:39 - Step 4
15:23 - Step 5
#optionsstrategy #optionstrading #optionsincome
SMB Disclosures www.smbtraining.com/blog/smb-...
SMB's Options Class: bit.ly/45xh2Mj
What is the best approach to enter the market now as a beginner with more or less than $13,000
You need a pro at navigating the market. Someone like Amanda Katherine Nakitare
True, almost gave up due to constant losses, but Amanda turned my luck around
Amanda managing my portfolio was my best decision. I have withdrawn over half a million since
Meeting Amanda Katherine changed my life. I was struggling to make rent now I'm looking at houses to buy
Please share how I canreach out to her
Very Educative video. I have witnessed firsthand Sir Omar's dedication and commitment towards his clients. Omar Sani pays when due without delays. I can't thank you enough sir, God bless
He's mostly on Telegrams, using the user name
@Saniomarfx, thats it
Great Video. When it comes to professionalism, Omar Sani is one of a kind. He is committed to giving his investors passive income and financial stability. Omar Sani is the best trader out there
He's mostly on Telegrams, using the user name
@Saniomarfx, thats it
I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
The strategies are quite rigorous for the regular. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
SUNITA SUZANNE BYG is a hot topic among financial elitist in The US. She's gained some reputation for her works during Covid. All the info. you need to set up an appointment is on her web page.
...SUNITA SUZANNE BYG is her name,You are most likely to find more info when you look her up
...
Lovely Video. I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Omar Sani.
He's mostly on Telegrams, using the user name
@Saniomarfx, thats it
*Quick Survey #13:* For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?
None for now. It's getting harder to predict market trends post covid, the market can go down anytime and eat your whole deposit.. Sadly, 0% rates pushing everyone back into the market.
I mean no disrespect but you are wrong... Believe it or not, the market isn't as bad as some people have made it look... Companies are making record profits... As a beginner investor who knows next to nothing, I have made over $30k net profit in a few months... I was retrenched recently, and I am using these resources to keep body and soul together.
Hi Anthony, your profit margin is quite impressive for a beginner. Good for you!!!! can you share your spreadsheet or investing journal?? inadvertently, i sold a boatload of my portfolio recently.
I have never drawn up a spreadsheet or trading journal, it's of no relevance to me... I simply follow Kelly Matwick's investing instructions and guidance... You can look her up she's a certified FA.
Tsla has beaten both Apple and Microsoft in 3 months, 6 months, 1 year, 5 years and 10 years charts. BTW, kelly Matwick is by far my favorite female advisor because of her honesty.
This was a REALLY (!!) good video. You stressed the important parts and you did so repeatedly. Also this video applies to all traders and investors, regardless the item being traded/invested in. This is a outstanding video that you should recommend 1st before the 'I teach you about what options are' class video that you always mention about 2min in.
I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio. Thanks so much Omar Sani for all you do.
He's mostly on Telegrams, using the user name
@Saniomarfx, thats it
Sir Ronal’ has offered profits to investors who wish to recover losses including myself and it’s a great honor to be part of them 🥳
he’s mostly on Telegrams, using the user.
@R o n a l f x 2.
His technical analysis is excellent and his interpretation/projections of the market are so accurate’ The point is Ronal’ is the perfect trader to follow for advice and guidance
May Allah bless Ronal’ for his help. I’m glad my doubts have been cleared, and i received my profit from last week’s investment. Keep up the great work
Sir Ronal scammed me and took all my money
Would you place this trade at the open? Or would you wait for, say, 1/2 hour to let the market settle, then place the order?
Another very good realistic presentation, especially the point on psychology. I keep making money with covered calls, but volatility of market on underlying assets is nerve wrecking. Slowly and calmly learning my mistakes, making corrections, MORE FULLY. appreciating diversity rule, SLOWLY making progress. The psychology part of this presentation is the best info you’ve given in all your presentations.
Many thanks for the valuable input. How are the profit target and stoploss defined for this trade? Or is this part of your training program?
The most important info is to know which Stoploss and profit target you set ? How can you paper trade it when you do no know the exact parameters ? And also, do you always take the loss when the SL is hit or do you adjust ? Thanks for clarifying that
Thanks Mate, the sad truth is that no one has a clue, we all react to what happens as it happens and try to analyse it but can’t predict an iota of what is going to unfold in the markets… content creators are like amplifiers, when times are good they affirm it and try to tell you why it’s good and that it’s looking bullish but then all of a sudden the market turns bearish and everyone affirms it again and try to analyse why… it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Sandy Barclays program is widely available online..
Exploring new investment opportunities demonstrates your proactive stance towards financial growth during these volatile times. Diversifying your portfolio can play a crucial role in effectiveIy mitigating risks..
I think you basically just have to research and study what kind of assets you want to Invest in..
Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.
Indeed, the recent market downturn serves as evidence that a vast majority of individuals lacked a sufficient understanding of the underlying financial dynamics at play.
Can you please let us know, what's certain profit and loss stops you mentioned multiple times here, thanks?
does anyone know the time of day this trade was executed in back testing?
Can you share what's the exit criteria to cut the positions..
Tried this on paper at TOS. First trade took over an hour to fill? Second try is over 30 already to fill?
It's good to hear Seth talk about approaching trading with caution. For newbies, IMO far too many previous videos have been excellent, except for the fact that they don't stress the risk of loss enough. He's even talked about the psychological hazards in trading in this one, which are very, very real. I underestimated this aspect of things initially, but later realized this is a key factor in trading. Good job Seth!
If you took a course with SMB. It shows you step by step and adding risk. Paper trading and adding risk. Seth is the best.
Question: In order to receive cash, don't I have to have the shares available?
Beautiful. I'll start this Monday with one contract on paper first then live if everything works out. Thank you much.
perhaps try live $ with the mini
SPX first,(XSP)
The big boy SPX at 10x the leverage can be a painful lesson.
@@tdiler12Be careful of reduced liquidity with XSP.
@@douglasteachout1958 Fine point. She s no SPY.
Great content… thanks for the video
does anyone know what time of day they execute their trades?
We can trade XSP for small account
Where can we see the replay of the webinar?
One of your best video’s, Seth.
What are some good options backtesting software?
This is gold. Thank you!
Seth -- the trader backtested this strategy every day in 2023, so 252 times, correct? I'm just trying to calculate about what the average return per trade would be. Thank you.
Trading daily, what was max drawdown, even in a winning month?
did something similar with just a 0dte-straddle. Problem I was having that the moment when it was working, 1 or 2 days later the IV increased, making the price of the option x3~x6 which broke the statistics/profit.
Maybe gonna improve it, got a feeling the option pricing/iv has a delay compared to market vola. IV can be low going into earnings-week (experienced this), and probably IV can be high a while after.
Backtesting it with 2 hours in, and trying to exit atm before expiration is also a nice idea. tnx
Seth,
I have been trading options for about a year now. I've made some mistakes along the way And have lost some money as well. But this iron butterfly has been my latest strategy for the past 3 weeks now. And seems to be working very well. I think I'll stick with it for a while. And thanks for the video.
Do you use the spx only?
@@knm185
I'm using the /ES mini until I get my account back up to $25,000.
I've got about 2,500 to reach 25k . I will need a bit more to give myself a cushion. But Then I will use both the ES and the SPX.
When do you enter the trade? What is your ATM strike? Since SPX can move dramatically at open, do you just use the open price? Or do you wait until, say, 10am for the market to settle a bit and then enter the trade?
@@markschellhammer4663 good question. papertrading should lead to the answer
This strategy has been great to me and only had 1 red day from being green 2 straight weeks. I had a chance to close when it bounced back twice from my break even. I was ego and too fixated on my 55% PT instead of collecting 22% which was stilll 900. I just still don’t know how to roll the trade if it takes past my break even. Do I turn it into an iron condor or roll over to a new date
what is a prop-firm?
Outstanding Commentary!!! Priceless!!! Thank You!!!
How did you come up with the put and call you bought in the example?
Is there a delta you were shooting for, or was there another guide you used?
Short strike +/- 80 points
I have been practicing closing these multi leg strategies amd have found it can be quite difficult sometimes. I sent it for market price 5minutes before market close and it didn’t move. 😢
Seth = OG Options Daddy, always dropping gems of pure wisdom and logic 🙏🏻🙏🏻
it would be wonderful to discuss stops
Nowhere does it mention how much percentage they pay you from the profits. Anyone have an idea?
It would be interesting to know what we’re the common themes of the months that lost money. Higher VIX, earnings, etc?
Great video! But i would like to know the timing of start this trade in 0 DTE.... May be about midday? Many thanks!
There is nothing proprietary or novel about an iron butterfly trade. Timing is the single most critical aspect of this type of trade. I used to do this trade mid-morning with ok results. However, if you are not able to babysit the trade you will more than likely get burned bad. If the market moves quickly, an iron butterfly will get crushed. Practice this over many trades to get comfortable.
Excellent learning platform.
This works great in a consolidating market. Ask yourself, is this market trending or consolidating?
you're talking in general? META, INTC and AMD looks like its in consolidation
The market can trend and consolidate at the same time. Depends on the timeframe.
It’s easy for looking at history and making this iron condor. Do you have live stream trading ?
Ic's are known to be highly profitable with regards to options trading
I made the same backtest, as you explain in a video. But the result is absolutly different. Possibly you have some additional rules for this strategy
Many thanks😊
I need your help.
How do you guys get approved for level 3 options trading? I can’t run an iron butterfly at level 2 on Webull.
Just use Charles Schwab or IBKR for Options trading. They much easier to get level 2 Options approved.
Thanks for explaining the strategy, but in order to make this workable in real like, we need to know the time of day, target profit, and stop loss. When do you share the missing pieces? Thanks!
As soon as you start doing some of your own homework and stop acting like a baby bird!
Thank you Sir !
So, $SPX has had some big swings lately in the afternoon hours, so, what happens when the Long Call or Long PUT go ITM?
You lose a piece of your Southern Hemisphere anatomy.
In Seth's example, he's out after 90 minutes. Don't sit on it all day.
@@brentdreisbach6829 I know, but $SPX can still make a big swing in that 90 min depending on the time of Daly, which wasn’t mentioned in this vid.
even tho this is synthetically the same as a straight butterfly (with all calls or all puts) I find the straight butterfly trades a little cleaner (faster)... maybe it's because its three contracts instead of four?
That sounds like one of your short strikes is naked?! Unlimited risk?
Is there a free paper trading platform that allows complex option trades like iron butterflies and credit spreads? I can't seem to find one that allows complex trades. Only buying and selling single leg options
IBKR or WeBull I think, here in Canada at least
TOS now part of Schwab
I find these videos helpful. Critics are good but should provide their superior system or ideas.
Sometimes maybe we can even come up with our own ideas.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Katherine Flores
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.
Great education!
Any recommendations on options back testing software?
Most brokers allow you to use a "demonstration" account that works almost like the real thing. The downside is that they will keep harassing you to get a real trading account.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Wesley.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been superb
You trade with Elizabeth Wesley too? Wow that woman has been a blessing to me and my family.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
I got to say SMB Capital even though you guys pulled this off it is too risky. If one side of the spread goes south really fast you guys have the capital/collateral to roll out further and still be profitable but the everyday retail trader can not. You guys are in the right direction though but there's some tweaks I do that work for retail.
If want to make 1000 week trading options, start with 2000 a week,
Sounds like a person with an L on their forehead!
Soon you too will be at $500 a month!!😂
@@markschellhammer4663 Almost there!! 😆
Am I correct : in this strategy you are opening the buterfly position at the start of the trading session and close it 19 minutes later? So the time in position around 19 minutes?
Or you are clising it 19 minutes before the market close?
90 mins, not 19. And he does not specify the entry time, but probably won't be at the open
If you try to trade this at the open, you will get crushed. Most people I know start some time mid-morning.
I would like to see the backtest for other yrs too, like 2022, 2021, 2020...just to make sure it is consistent that you come out ahead, and that 2023 wasn't just an anomaly for some reason.
Backtests before 2022 aren’t going to be very useful, as that’s when every-day expirations were introduced to SPX. The options market changed significantly when that happened.
Like Seth said, we can all purchase our own back-testing software or use the broker's.
@@randythayer8440 Does every broker offer it? I'm not sure mine (schwab) does
I been backtesting this strategy for the last week and it’s been netting a little over 1k every day letting this trade exp. 1 lot risking 4-5k to make about 2700. Crazy how it’s been green every day letting the trade exp
When do you enter the trade? At open? Later after it settles down a bit?
@@markschellhammer4663 at open. The video says close out the trade 90 minutes after the trade. When I back tested it, I let the trade expire and every day last week I was in the green there was one day I made $900 profit but every other day was at least 13 $1400 on a one lot Iron Butterfly.
@@markschellhammer4663 starting next week I’m going to back test where I will close the trade once it’s profitable and also let the trade expire at the end of the day to see the difference. Also, would they one lot trade you risking $5000 to potentially making max of 2500- $2600. Also you might not want to run this strategy on CPI days when Powell speaks because the chance of volatility will shoot up. Last Friday was perfect for the trade to let expire. Which would have net you $1800. Also there was not a day where this strategy will net you the max profit of 2500.
The most important thing must understand and accept is that you will eventually have a loss in trading. To hope or think you’ll never have one is crazy and unrealistic.
Too capital intensive vs. credit spreads (an iron condor). Would rather the spreads close worthless so there's no commission or "day trade."
I'm not sure people understand in the example that they will lose something like 20 000 $ if the SP500 move 1.5 % up or down.
Hoping the market stays neutral in the first 90 minutes these days seems generally unlikely.
Unless no news at all during the week.
This video could be 30% shorter, and every SMB video doesn't need the lengthy intro, or the explanation of who SMB is.
When I backtested this, I found certain days were profitable and others weren't. The system is profitable but I found some losses greatly exceeded my tolerance. Was there a stop loss?
Raise your tolerance.
@@randythayer8440 Not a chance.
i tried iron butterfly as he said in another video ( along with adjustment ) and lost 3000 dollars
Damn, I hope that was 'paper' trading.
Thanks 🙏 🙏
Better off playing blackjack, not even joking. The rate of return in 5 years would be higher.
Why 80 points!? What's the calculation to determine that distance?
Arbitrary for amount of risk and credit.
They don’t really share the strategy. Sales pitch
Am I missing something? Looks like an iron condor
In an iron condor, the middle options would be apart. While a butterfly has two middle options at the same price. (two spreads but the middle origin is the same)
Butterfly's and condor's are similar in that you're betting that price will not go "too high" or "too low".
The difference is that the condor has a fixed profit level across a range of closing prices, the butterfly has a center price that represents the peak profit point at close, and the profit amount drops off proportionally from there.
If you google it, or go to stockcharts it will explain both in detail.
Aren’t these the folks who had traders trading against each other in house and taking the rake????
Cheap click n bait... Title says this is EXACTLY what i'd do, then the video says we can't tell you specifics coz it's proprietary!
Couldn't you also analyze the losing months to see what might be done differently or more optimized to avoid the losses? I also get the gist of the information offered in SMB videos. However, I wish there was more discussion about how losses can occur in these strategies. It's like the videos are all intentionally made to entice with the major "wins" being shown and only a sentence lost on "no strategy always wins". F*ck that. Show me how I can lose to be able to avoid that with this strategy. Answer the question in all your videos - how can the strategy lose? Then I'll be satisfied with watching the videos, because I'd be learning about mistakes, before I make them or rather, I can simply avoid them. If I make the mistake after hearing about what can happen, then that is on me. But, if I make the mistake because I was never warned, that is on you SMB.
Something that might work on losing months may not work on winning months. By changing the plan you would change the results for all months since you can’t tell which month is a loser/winner until after the month.
@@TheDRam3 That's true. There is always a bit more to it. Trends, current market sentiment, etc. I'm not saying change the strategy completely for all situations, but maybe understanding why there were losses and in which conditions that could be accounted for next time.
I believe any strategy can be refined or rather optimized.
I wonder if their channel is one of those place they tell you how to lose money very quickly so you join their Prop Farm. Yeah, i came up with that term, Prop Firm are like farming for people's money so i call it Prop Farm. 😂😂😂😂
Alot of moving parts
1000$ or any $ a week is pointless. Talk percentage or R
I've lost confidence is SMB 😂
COEP🎉
Now I just need 30,000+ 😂
You don't need to trade 10 contracts, you can do just one if you want, so that would require $3,600 in his example.
Post your actual trades, that might be helpful. Otherwise, it's all smoke and mirrors.
If this works, why not trade it yourself instead of trying to sell it to clueless traders? Could it be because you can make more money selling your strategy than trading it yourself?
Okay, how exactly is he "selling it"? If you're talking about making money from youtube hits, as of right now, a week after release, it has only 34K hits, that's nothing in terms of cash generation. The firm probably makes many, many millions of dollars trading, this youtube channel is nothing.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
she's mostly on Instagrams, using the user name
sure let me just fire up my 35000k account wtf nobody watching this has that
Please Stop posting the same video each week.
how to lose all your money as quickly as possible
Why
I have done this it can work but you have to know the days to avoid. Such as Fridays in general and especially when the quarterly expires. Also avoid CPI/FOMC announcements.
Also gamma is insane on 0dte you can lose 20-30% in seconds but it usually comes back to being profitable.
@@GoldenCurtains Because the max loss on this trade is $36k if it closes out past the wing strikes. Although he mentions stop losses and targets, which would presumably limit losses, but doesn't reveal what those are.
@@mightywurlitzer It would be nice to know what their targets are. Take profit at 90-minutes or 50%, whichever comes first. Stop Loss at 25%??
If you a have a better strategy then please share
This guy is a Loser...show tax returns buddy.
😮
Encouraging traders to do 0 DTE is promoting casino gambling mentality, shame on you SMB !
This webinar [Exclusive FREE Training with SMB Capital] has NOTHING to do with this video!!
Thumbs down. 👎Where is the edge in your strategy? Just backtesting isnt going to provide actual results. It looks like a very poor video content idea to sell a masterclass. Thats how u make your money, isnt it?
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Catherine Gauthier.
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading.
I'm new at this, please how can I reach her?
she's mostly on Telegrams, using the user name
GAUTHIER6 💯 ..that's it