Comments by "" (@money2024) on "CHEAP OPTION STRATEGIES - Option Trading For Beginners" video.

  1. Credit spreads are the best 🔥
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  2. You can do 2 things. First, trying changing your trading level from amateur or whatever it is to "I'm an expert" and you might get approved once you try applying for it again. Second, you just need some options trading history and I think you need 10 trades. You could do legit trades or just buy 10 different $0.01 premiums on Ford and once those expire, you should be able to get approved. I'd try changing your investing history first though, that way you don't have to waste $10 on worthless premiums
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  3.  @brenlogs3402  Two things. First, I think you meant you buy 8-9 points OTM because if you bought a put credit spread ITM and held for one day until it expired, you'd lose money, not gain money. Second, even if you meant 8-9 OTM, at that point, with a $100 collateral, your spread is worth about $4-6 profit on most spreads. If you did this twice a week you'd make between $8-12 a week, and with that small of a margin you'd have to be right a lot of times to make up for that one possible time the stock drops and wipes out all the small gains you've made. You'd have to be right about 10 times to every 1 time you're wrong, and that's just to break even. Unless I'm missing something or you're doing something else, I'm very confused on how you're coming up with these numbers of making $30-50 a week. Some further explanation would be great. Thanks
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  4.  @brenlogs3402  Gotcha, that makes a lot more sense. I appreciate you getting back to me too, thanks!
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