 Hey, what's up you two? I'm Zeke and welcome to the dream green show this week. We're gonna be taking $100 and do option trading I'm gonna use this never lose strategy called put credit spread. We're gonna be doing it on SPY three times this week to see what kind of return can we get on $100? I'm shooting around 10% on one week So if I can make $10 off of this $100 in the next week 10% in one week. It's a hell of a game But enough talking. Let's get straight into the video Welcome back YouTube. I'm gonna turn this $100 into a little profit this week I'm gonna be using the token symbol SPY and do put credit spreads on SPY over in the Robin Hood app So let's pull up the Robin Hood app right quick to explain to you guys exactly what I'm going to be doing over the next week All right guys here. We are it is Friday My account is up 1.4 percent up $209 on Robin Hood over the last week I'm up 2.13 percent for hundred and thirty three dollars in the last month. I'm up 11 percent Thanks to Tesla. I'm up 2123 dollars and 30 cents. So my Robin Hood account is doing pretty good so far But let me explain to you guys exactly the strategy I'm going to be using this week in order to try to get a 10 to 15 percent return on my investment The token symbol I'm going to be using this week is SPY Because they have three options every single week that you guys can trade and I'm gonna be doing a quick credit spread on each one The reason I'm doing this is because SPY took a little dip this week It's down point zero six percent after being up almost one point seven percent SPY follows the S&P 500 and it does is not very volatile to it kind of trade sideways even on a great month It's only up two point four seven percent So it's pretty safe that this stock is not going to go dramatically up and it's not going to go dramatically down So I'm going to be doing put credit spares on SPY the lowest SPY have been over the last month is around 300 three around three hundred dollars. Okay, so if we're going to trade hit trade options And then the one that's ending on Monday is July 27 Then I have one ending on Wednesday July 29th, and then I have one ending on Friday July 31st I'm going to be doing an option trade on every single one. The one that we're going to look at first is July 27th I'm going to hit sell put and scroll down So the share price right now is three hundred and twenty one dollars and nine cents since SPY went down this week It's a good time to put in a put credit spread because it might not go down any lower The option that I have selected now is called the sale put if I click on the option 319 sell put right there. That means I'm obligated to buy a hundred shares of SPY at three hundred and nineteen dollars That means if it falls below three hundred and nineteen dollars I have to buy one hundred shares of SPY at three nineteen But they were creating my account one hundred and four dollars because you're obligated to buy one hundred shares If it stays above three nineteen, I would just keep the one hundred and four dollars and keep it moving But let me show you guys why I can't do that in order to do that You need a minimum collateral of thirty one thousand dollars of over thirty one thousand dollars So I can't do that so the strategy I'm going to use is called the put credit spread and let me show you guys Exactly, how do you do that? You want to hit the select button at the top right and Make sure that you have sell put Selected I'm going to scroll down. I do not think that SPY is going to fall below on by Monday below Three fifteen so the lowest has been over the last month was three hundred I don't think it's gonna go all the way down to three hundred over the next two days It took a whole month in order for it to recover from one hundred dollars So I'm going to go around the three fifteen mark actually I'm gonna go around the I don't think that SPY is gonna fall Below three fifteen actually so I'm going to select three fifteen right here and Let's play safe. I'm gonna select three fourteen and then what you want to do is hit buy and Then select three thirteen right below it and then that is going to make it a put credit spread And I'll be getting the difference in between twenty cents and twenty seven cents so around seven dollars I'm going to hit continue and there you go if you did it right It should say put credit spread if you did it wrong. It might say something Ridiculously crazy, maybe a put debit spread or something like that, but this is a put credit spread. I'm going to hit review hit one review and then they're going to hold a collateral of my $100 right here. They're gonna hold a collateral and I'll be credit credit it into my account immediately $7 if this contract goes through so I should get $7 for this contract Why they're holding $100 collateral if it falls below three fifteen three fourteen? They're going to take my $100 and keep it, but I do not think that SPY will fall below Three fifteen by Monday and once the Monday day ends and it's above three fifteen I'm gonna they're gonna give me my $100 back. They're gonna give me my $100 back I keep the $7 premium and now I have a hundred seven dollars And then I'm going to repeat that on Wednesday, and I'm going to repeat that on Friday, so I'm going to be doing this three times this week in order to hopefully grow my account if I could get $7 each time That is a 21% gain in a single week That is insane a 21% gain in that single week. So let me go ahead and swipe up so this contract can go through There it goes. Let's give it some time. It should be placed within the next couple of minutes I'm going to be back Friday and let you guys know exactly how this goes how this plays out and hopefully I turn this $100 to around $121 and we're back YouTube as you guys can probably tell with a smile on my face. We successfully turned $100 into $120. I had a 20% gain 20% gain in one week from doing put credit spreads. It's not the safest option trade of all time But it works and you can make it and you can be risky with it if you want to or you can make it safe So I'm going to show you guys right quick all the trades that I made on SPY on doing put credit spreads I'm gonna show you again. How did I set it up and what percent chance of Profit did I take in order to have a 20% gain in one week with just $100 on SPY, so let's go ahead and dive into robber hood right quick. So here we are on robber hood SPY Did go up 1.5% in a week So that is up that is a big growth for SPY to go up with 1% in a week, but it did also drop down Half of press almost half a percent this week Which was good for me because I'm gonna tell you guys why it was good for me in a little bit But that was good for me. I got in a good price and went back up So to show you guys my profit right quick. Let's do show more Alright, so here we are on all of my history. I actually profited $23. I just didn't have $3 land around the house So my profit was $23. I did a sell on Monday, which I had made a profit of $6 in credit I did a sell on Wednesday, which I had another profit of $8 in credit And then I did a sell on Friday, which I had a profit of $9 in credit, which comes out to be $23 So I'm up 23% in a single week just from doing put credit spreads Now, let me show you guys the strategy that I use in order to accomplish this So we go back to SPY right now is at $326 and 44 cents. All you have to do is hit trade option Go to Monday. So they have one inspiring on Monday the 5th Wednesday the 7th and Friday the 10th If we go to Monday in order to do a put credit spread I usually look for 80% chance of profit last week. I was doing 90% chance of profit So you can make a lot of money if you want to but it's a little bit more risky I was playing this safe and I still came up 23% in one week So I look around at 80 84% chance of profit and what you'll do is you'll click select at the top right Here goes one with the 84% chance of profit right now It ends Monday. So I don't think it's going to go down to $320 over the next day or so All you want to do is click on Sell put option right there and then you want to switch over to buy or put and put the buy put right below that So you buy an option at 70 cents and then one at You're selling an option at 70 cents and then you're buying one at 58 cents. Then you're going to swipe up All I have to do is hit review is going to give me a credit of 12 cents You hit one You hit review And then it's going to ask for a collateral of $100. That's the $100 I was telling you guys about It'll take my collateral of $100. It's going to credit my account $12 immediately And if SPY stays above $320 by Monday They're going to give me my $100 back I still keep the $12 and then I'm going to do another 87 to 90 chance profit put credit spread for Wednesday Take that profit and do another one on Friday So that was the strategy that I used to come up 23% in a single week Now the reason I say this one is not the safest is because if it do somehow have a flash crash And falls below $320 I will still be credited the $12. I will still keep the $12 but Robin Hood would take my $100 and basically keep it or I could sell it before the option ends and try to make Most of that money back But it's going to take that $100 if it spires below $320 they're going to keep my $100 for collateral They're going to keep that and hold on to it. Well, they're just going to keep it I ain't giving it back. So that was the strategy that I used in order to come up last week on Doing put credit spreads on robin hood Now the safer way to do this will be to use the wheel strategy Or you do your buy you'll just sell puts on SPY let's say if you sell one at 80 percent Now now you'll keep the $84 For profit that send you $84 straight to your account And if it falls below the $321 strike price, you will have to buy 100 shares of SPY Which is not bad to hold on to 100 shares of SPY because once it goes back up you can just sell it But as a put credit spread if it goes below that price You're stuck like chuck. You're out of money. You're you're not going to get your $100 back But if you just do a sell put in the falls below you'll end up with 100 shares of SPY You'll just wait for it to go back up and then you'll sell it. All right, guys So that was how I came up on SPY last week. Am I going to continue to do it? You bet I am Yes, I'm going to continue to do it. But I'm gonna be a little safer with it I'm gonna wait for the price of SPY to drop a little bit and once it has that drop That one day where it drops I'm going to do a put credit spread on it because It it helps me out in the long run when the price is low because the chances of it going back up Is higher than the chances of it going back lower. It could go down But I would get more bang for my buck when the price of SPY is lower If you guys want me to show you how to do the wheel strategy Make sure that you go down and hit the thumbs up button It really helps out the youtube algorithm a lot. You pay just live that mode And then I'll be able to do the wheel strategy and show you guys How to do the wheel strategy on robber hood But if you don't want to miss out on any future videos, make sure you scroll down Hit that subscribe button But other than that, I'm Zeke bringing you the dream green show and I'm out. Peace Oh, I get that peace slow and I'm out. Peace