Summary of How to Find Stocks to Sell Puts on
The video discusses the strategy of selling puts on stocks to generate income. The presenter shares that they use the "whe strategy" where they start selling calls if they ever put the shares. They mention using scanners to find potential put setups and highlight the importance of high IV (implied volatility) in getting outsized gains in premiums. The presenter gives an example of trading Chewy stock based on news and technical analysis, showing how they selected strike prices and expiration dates. They also demonstrate using Robinhood's daily movers feature to find stocks with high volatility for potential trade setups. The video emphasizes the need to do thorough research before making trades and invites viewers to join their Discord community for more trading insights.
Notable Quotes
— 00:14 — « I love selling puts, its the number one way I generate income. »
— 02:16 — « I studied the stock a little bit earlier when we had made a play on it because they had great earnings. »
— 03:00 — « The big red candle jumps out to me, but unless theres something fundamentally broken with Chewy, it should bounce off that area of support. »
— 03:36 — « High IV is one of the best ways to get outsized gains in your premiums. »
— 04:39 — « High IV is determined by how volatile a stock is. »
Category
Business and Finance