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Coach Mak | Know Your Money Profile picture
@WealthCoachMak
May 20, 2023 • 9 tweets • 3 min read • Read on X
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A brief thread 🧵 about a $JNJ Covered Call

It almost went out of hand but stayed patient with it

In the end it worked out

I created $263 of my own dividends in April and May 🔥🔥🔥

Initial call sold on April 3:

- 4/14 $160c
- Premium: $44

#OptionsTrading #Optionselling
Soon after selling that call the price of $JNJ spiked up

It reached $166+ before the expiration date

$6+ more than my strike price

I wasn’t ready to lose my shares

So I rolled to same strike of $160 a week forward to 4/21

Added premium: $47 Image
$JNJ stayed relentless and didn’t budge much

It closed at $162.5+ by the 21st

So I had to roll the option forward again

Again a week forward and same strike price

4/28 $160c

Added premium: $55 Image
Another week same old story

$JNJ reached $163+ by the 28th

Another rollover

5/5 $160c

Added premium: $63

More premium because I rolled over earlier than usual

2 days before expiration

The price hadn’t got too out of hand yet Image
Same story this week as well

$JNJ staying between $162 and $164

Closed May 5 below $164

Another rollover

5/12 $160c
Added premium: $72

Collecting premiums and still keeping my 100 shares Image
Finally this week I was seeing the light at the end of the tunnel

$JNJ on May 12 was hovering between $160 and $161

It could expire worthless but by the afternoon it was still $.50 more than my strike

So I rolled again but this time to $162.5

I gave up some premium: - $18 Image
Ok so why did I go to $162.5 now and not before

The ex-div date for $JNJ is coming up

If the option is ever going to get called early it is near the ex-div date

So I wanted to go slightly out of the money for my new strike
And finally on May 19 $JNJ finished below my strike price

My option expired

After all the juggling and maneuvering the option expired worthless

I collected $263 in premiums and didn’t lose my shares

The $263 is more than the quarterly dividend I get from $JNJ

🔥🔥🔥
Learn how to sell options

Using your cash or your stocks

It enhances your overall yearly return

Is it free money? No

Are there risks? Yes

But those risks can be managed

• • •

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More from @WealthCoachMak

Coach Mak | Know Your Money Profile picture
Nov 11
The Power of Trading Stock Options

$200 to $500 a month while using $10,000 in capital

Let me show you my 5 favorite ways to do this with some examples

👇👇👇
You can simultaneously manage risk while also generating a good income stream

And once you learn it and master it…you can scale it

Here are my 5 favorite strategies:
✅ Cash-Secured Puts:

Selling cash-secured puts is an income-generating strategy

Receive cash for selling put options

If the stock remains above the strike you keep the premium as profit

My top 5 stocks: $TSLA $AMZN $AMD $NVDA $GOOGL
Read 9 tweets
Coach Mak | Know Your Money Profile picture
Nov 1
I have made an average of $8,000+ per week trading options in 2025

I have rules to my system

Here are my 7 rules:

👇👇
I use anywhere between $300,000 to $800,000 in collateral

Let’s get into the rules that frame my repeatable system

👇👇
RULE 1 - Quality Stocks

The most important thing for me

Sell options on stocks or ETFs that you want to own or don’t mind owning

Quality matters

$AMZN $NVDA $TSLA

Not $AMC $GME $NIO types
Read 12 tweets
Coach Mak | Know Your Money Profile picture
Oct 9
What is Gamma in Options trading?

GAMMA is a crucial concept in options trading that often gets overlooked

It measures the rate of change in an option's DELTA in relation to changes in the stock’s price

Let’s dive into it

$NVDA

A brief thread 🧵 👇👇👇 Image
Quick note about Gamma in Options trading:

✅ Selling options = gamma negative

✅ Buying options = gamma positive

For every $1 move in stock price the DELTA moves by the amount of GAMMA

In simple terms:

✅ Gamma measures how quickly delta changes
Understanding GAMMA is key to maximizing profits and managing risk when selling options

When you sell an option you collect a premium upfront

GAMMA comes into play because it affects how quickly your option’s DELTA changes as the underlying stock price moves
Read 7 tweets
Coach Mak | Know Your Money Profile picture
Sep 27
Some folks think that only they know how to run the “OTM LEAPS and sell OTM short calls” diagonal spreads

😂😂

You don’t need a $5,000 course for that

Here it is for FREE 😂👇👇

Example: $AMZN
✅ Buy an OTM $AMZN LEAPS Call for cheap

✅ 12/17/27 $300c

✅ Premium Paid: $2,243 Image
✅ Sell a short Call

Pick 7-28 DTE

Or whichever expiration date you feel comfortable with

Of course $AMZN is $220 today so you can’t sell a $300 short call

You have to sell an ITM short call

Let’s pick this as an example 👇👇

✅ 10/31 $250c

✅ Premium: $188

But… Image
Read 13 tweets
Coach Mak | Know Your Money Profile picture
Sep 24
You don’t have to spend hours and hours to generate cash flow

You can make 2-3 trades in a MONTH using $10,000 to generate $200 monthly

That’s an annual return of 24% before compounding

How?

By selling options

A thread with some example trades🧵

👇

$ASTS $OSCR $SOUN
✅ Sell a $ASTS Put

- 10/24 $42p

✅ Premium: $116

Collateral used: $4,200 Image
Sell a $OSCR Put

- 10/24 $15p

✅ Premium: $45

Collateral used: $1,500 Image
Read 7 tweets
Coach Mak | Know Your Money Profile picture
Sep 22
Hey traders!

🚨Let’s dive into selling options using Delta as your guide

I target Delta 0.15-0.25 for high-probability trades...

But I tweak based on Bollinger Bands, RSI, & MACD

Want to know how to use Delta to sell options like a pro? Let’s break it down! 👇👇 Image
First up: What’s Delta? 🤔

In simple terms

Delta shows how much an option’s price moves when the stock moves $1

Calls have positive Delta (0 to 1)

Puts negative (-1 to 0)

It tells you roughly the odds the option ends ITM

Delta 0.20? ~20% chance it’s ITM at expiration📷
Why sell at Delta 0.15-0.25? 🤑

These out-of-the-money (OTM) options give lower premiums

But ~75-85% chance of expiring worthless (you keep the premium!)

Perfect for theta decay plays

Too low (0.05)? Tiny profits

Too high (0.50+)? Too risky, closer to ITM 📷
Read 8 tweets

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