benny ッ

full time options seller | daily TA, options flow & heatmaps

[benny ッ @bennytrades_]

I’m putting this in writing so I don’t forget or get carried away with the gains when the market flips bullish again.

My plan for when I get back to £100k is to start the wheel strategy with my whole portfolio, only wheeling/trading around my few core names like $RKLB $NBIS and $OUST.

I need to learn to not get married to my stocks, and focus on pure premium generation, and with £100k I could conservatively bring in about £4k/£5k a month, almost double what I was earning at my job before I quit.

Pairing this strategy with TA is great, as it allows me to choose strikes based on certain resistance levels, so if/when I get assigned I know it’ll be at a good time to take profits anyway.

But for now, we just have to play the waiting game…

[benny ッ @bennytrades_]

will get out some maps for a few names now, with potential resistance levels for today after this strong pre market pump

[benny ッ @bennytrades_]

that is some heavy resistance at $1000 for $MU today 😬

[benny ッ @bennytrades_]

@KresoOptions

[benny ッ @bennytrades_]

Everyone thinks that you need to have $1M+ in order to sell options for a living

You don’t.

I quit my job a year ago with just an £85k portfolio.

People probably hear that and think I’m crazy, but lemme break it down for you:

At my previous job, I was taking home roughly £2k a month. It’s not a lot, but I was able to live comfortably on that salary for my current lifestyle.

With an £85k portfolio making roughly 4%, that’s £3,400 a month… already much more than I was earning at my job, and that’s just using the shares I currently own to sell covered calls.

Now factor in that I use between 10-20% of portfolio margin to sell cash secured puts on red days, which can easily be another £1k a month, and I’m now bringing in between £4-£4.5k a month in realised profit…

More than double what I was earning at my job, and I have the freedom to do what I want, whenever I want, anywhere in the world, with just £85k to my name?

Yes, there can be weeks when certain trades go against you, or you only make 2% in a month instead of 4% (which for me is fine because even 2% is more than what I earning), but that’s just part of the game.

Don’t let people convince you that you need millions to retire, because you don’t. You just need to understand the power of selling options and use it to your advantage.

[benny ッ @bennytrades_]

@DeepValueBagger @jimcramer im skeptical on the company, but the stock has 10x'd since you called it a bad investment 😂

I bet you wont tell your followers that tho...

[benny ッ @bennytrades_]

@KresoOptions I withdraw only what I need each month, and leave the rest in there to compound

[benny ッ @bennytrades_]

@ren_stocks basically a Nintendo DS

[benny ッ @bennytrades_]

just a slight caution to everyone this morning

$SPY to $750 is being lit up for next weeks OPEX...

[benny ッ @bennytrades_]

@wilson_eth Nice, good place for a bounce here tbh

[benny ッ @bennytrades_]

$MU looking like it wants another attempt at $1000?

[benny ッ @bennytrades_]

@TokenizedDollar

[benny ッ @bennytrades_]

tomorrow is simple

cool CPI print: we moon
hot CPI print: game over

[benny ッ @bennytrades_]

@Venu_7_ Take a look at $NTSK too

[benny ッ @bennytrades_]

@KresoOptions Yeah I defo hated it lol

That’s the plan, I mean options selling is already bringing in double what I was earning at my job so that’s not a bad source of income, but I’m considering another side hustle I just need to figure out what I want it to be haha

[benny ッ @bennytrades_]

@abhiisinvesting $970 strong support

[benny ッ @bennytrades_]

@YodaStockInvest All good for me

[benny ッ @bennytrades_]

okay I just won $200 in cursor credits to use Grok Bot lol

now the question is, wtf do I do with them? 😂

if you have been using grokbot, how have you been utilising it?

[Farzad 🇺🇸 🇮🇷 @farzyness]

@bennytrades_ @SpaceXAI @bot @bennytrades_ You won — check your DMs for the code.

[benny ッ @bennytrades_]

@LINCOLN_LOGGR @MktMavPro he's referring to buying calls btw, not selling them

[benny ッ @bennytrades_]

@MktMavPro @LINCOLN_LOGGR might see $220-$225 tomorrow, thats might be the time to go long

[benny ッ @bennytrades_]

@DeepInference @SixSigmaCapital how when $QQQ is 5% away from ATHs lol

[benny ッ @bennytrades_]

I definitely want some cybersecurity exposure in my portfolio, and I think $RBRK will be the one I choose to allocate to

between $75 (AVWAP lows and POC) and $80 (.618 fib and the 21W ema) are the levels I'll be waiting to enter

[benny ッ @bennytrades_]

@farzyness @SpaceXAI @bot YES IT SHOULD HAVE A STEERING WHEEL.