SCHD options have been harder and harder to manage since the 3:1 split. It's still a great dividend fund and I'm not letting go of my shares, but I'm considering moving on to a new position for these trade demonstrations. We’ll see what happens in January with the covered call and I’ll decide then. My decision today is whether to accept assignment to buy 100 more shares at $29 or roll that position out. The market ends up making the decision for me. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

My SCHD cash secured put is expiring today, and I've decided to let the market have the final say about the outcome of this trade. Will it expire worthless and free up my cash or will I be assigned 100 more shares? I'll sleep well either way! Today, I’m managing my ongoing monthly trade on SCHD, which is currently trading at $28.67—exactly at my cash-secured put’s strike price. With expiration day upon us, the trade is teetering at the money and at risk of assignment. Last month, I hoped for a price pullback to add more shares, but when it came time to manage the position, I decided to try to roll the position to December. But the market simply refused to cooperate. Watch me attempt to roll the put and see why the odd strike price from SCHD's recent 3-for-1 split might be complicating things. I walk you through my spreadsheet and explore the two possible outcomes of my trade. Learn why I’m perfectly happy with either result—whether I generate cash with the roll or add more shares and collect dividends in place of the roll premium. By the end of the day, I’ll know whether I own 100 more shares of SCHD, and I’ll post the outcome in the comments this weekend. Stay tuned for this real-life example of managing options trades while staying calm, adaptable, and focused on the big picture. I'm Patricia Saylor, managing partner at Saylor Financial Fundamentals, here to help you navigate investing and options trading with clarity and confidence. Don’t forget to subscribe for more updates, including next week’s QQQ trade review. And remember: guard your treasure and never trade on margin! Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

With this new trade set up on SCHD, I'll be growing a long term position by buying shares, selling cash secured puts, selling covered calls, reinvesting dividends and occasionally selling shares to lock in profits. No matter which way the underlying share price moves, I'll be bringing cash into the account and adding shares. The next trade adjustment will be on or about August 16. At that time, I'll share the outcome of this trade and make adjustments for the next month. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

Roll a cash secured put? Roll a covered call? Do nothing? Collect dividends? I generate cash and keep it flowing in my direction with all these strategies. Watch to the end for a link to the next video, showing the outcome of these trades one month later. This is my first monthly trade adjustment on expiration day for an SCHD position I set up 24 days earlier. If you are trading it too, let me know what you're doing and what your outcomes are. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

SCHD is trading just over $84 with a dividend approaching, and I’ve got important decisions to make. A short put is expiring out of the money today, and a slightly in-the-money covered call is expiring next month. I’ll be choosing the strike price for my next cash-secured put and considering whether to add more shares. Watch to see how I’m managing this ongoing trade campaign. Note: I make a kind of big error at 5:26 in this video! I mention the dividend and say it's $82/share. Oops, I was supposed to move that decimal point over two places! Sorry about that. It's actually $0.82 per share, or $82 per option contract. For more explanation of the "100 multiplier, "check out Chapter 3 of The Novice Investor's Guide to Stocks, Funds, and Options, Second Edition. (You can even download a free sample at my website.) Or check out my Udemy course, Introduction to Options Trading. Links are below. This is the third video in a monthly series of option trades on SCHD. The original trade set up was July 24, 2024. You also might want to check out my weekly trades on QQQ in the same video playlist. Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!

SCHD shares split 3 for 1 on October 10. My share count tripled and my options contracts did too! The split allows me to trade this position with less capital invested, while using the same strategies I've been using since I opened it in May, 2024. This month, I take profits on 300 shares to reduce the size of my SCHD position, bring in more than $47 in options income, leave room for growth with a January 2025 covered call, and set myself up for a dividend payment in December. Phew! Let me know what you think! Follow my options trading click by click on the ThinkorSwim web based platform at Schwab. I trade cash secured puts and covered calls and buy shares to hold for dividends and capital gains. If you're looking to deepen your understanding of financial markets and master the art of options trading, you're in the right place. I aim to provide you with insightful, easy-to-follow content that can help you become a more confident and successful trader. I invite you to visit Saylor Financial Fundamentals. My website offers a wealth of resources, including links to comprehensive courses, detailed articles, and practical tools designed to support your trading journey. Explore our other offerings: Read the Book: Gain deeper insights and practical knowledge with The Novice Investor’s Guide to Stocks, Funds, and Options, Second Edition.. Check it out on Amazon: https://www.amazon.com/Novice-Investors-Guide-Stocks-Options-ebook/dp/B0CMD5SMFH/ref=sr_1_1?crid=7EUPW385OWXR&keywords=novice+investors+guide+saylor&qid=1699710298&sprefix=saylor+novic%2Caps%2C160&sr=8-1 Self-Paced Udemy Courses: Enhance your skills with detailed, interactive Udemy courses. Enroll now at: https://www.udemy.com/user/patricia-saylor-2/ Live Instruction via Zoom: Looking for personalized guidance? Book a one-on-one session with me on Fiverr for tailored advice and strategies: https://www.fiverr.com/patsay I believe in empowering investors with the knowledge and skills they need to succeed. So, while you're here enjoying our videos, don't forget to check out Saylor Financial Fundamentals for more valuable content and tools that can help you reach your financial goals: https://www.saylorfinancialfundamentals.com/. Thank you for watching, and happy trading!