Covered Calls - Results - Amazon 1 % on a Cruise - Part 2

Hi, yes, I'm still on my cruise behind me is ocean key in the Bahamas. And a couple of days ago, I posted about an Amazon trade that I did that yesterday made 1.2%. And I'm going to show you exactly how that went in this video. So stay tuned. #coveredcall #coveredcalls #stockmarket #makemoney #investing #passiveincome #amazon _____________________________________________________________________

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Transcript: o it's just a couple of days ago that I decided to do this trade on Amazon. It's only a two day trade. And you know, it had its ups and downs. But for two days, I got to make 1.2%. And if you look at the numbers that I put on the screen, when I did the trade, we bought the stock at 9302. It was Amazon stock, we did 500 shares. And that's five contracts, by the way. And then we sold the calls for $1.14. Our strike price was the 93. So those right at the money, and again, 500 shares, it was a two day trade. Now, if the stock closed above the break even point, which in this case was 9188, we ended up making Well, we actually wanted to close above 93. And that's what it did. But 9188 was the break even point, if it closed above 93, we ended up making $1.12. Okay, and that's 1.2% for just two days, you know, it's just trade that happened to work out. And not all of them do. But this was a good one. And if you could repeat this over and over again, it creates massive, massive opportunities. So this is just one example of what we do in the cash flow machine. But what we did was the stock basically came to expiration, and it was around $95. And so we sold the calls against it for the next week. And here's what those numbers look like. So you can take a look at these are the options for next week, they go to march 10. And today is March 3, essentially, right after I did the trade, I took a little snippet of this, so you can get an idea of what we did. And so the stock was right around 95. So at 95, it's a you get $1.70 when you sell against it, okay, so we're just going to sell against it now you could have let this option expire, and it would have been taken away from you at 93. So your stocks, your 500 shares would have been taken away from you at the $93 even though the stock was at 95. Okay, boohoo, we don't get the extra $2. That's not why we're in this, we're in this for the income that we made, which is that dollar 12 We talked about on the last screen. And so if you can change your mindset to say, Hey, listen, I'm trying to get $1.12 out of this, I'm not trying to get $2 or $10, if it goes up. And basically you're also building in a protection, if you can change your mindset to income and protection. Rather than trying to make a killing on a stock, you can do really, really well with covered calls. So we go ahead and sell the the 95 calls for around $1.70. And you know, pick up $1.70 For the week, if the stock stays above 95. And it's at 95. Now, so there's a 50% probability it's over and a 50% probability it's under roughly, if it stays above 95, you make $1.70 $1 7995 is more than 1%. So if you can do this over and over again, just pick it up 1% a week, and I'm showing you it's on Amazon, right. I don't think Amazon's going out of business. That's the big risk on on covered calls. By the way. I see a lot of people saying, oh, yeah, you can make 1% on Amazon, but I can make 4% on Coinbase. Or I can make 5% on you know, MicroStrategy, or I can make a bunch on AMC, or GameStop, or whatever. These are all crap companies, right? You want to have companies with that are that are solid that are gonna be around for a while. #amazon