 what if i told you that a company paid me to sell them shares of their own stocks back to them at a higher price than i paid for it that's right let's say they paid me $50 to sell them their own shares back to them at a higher price that's right let's say i got it for $100 and they telling me to sell it back to them for $130 and they also paying me the $50 on top you dog on right well technically i'm not selling it back to a company i'm selling it to another buyer like you or me and technically i didn't sell my shares at all because i didn't feel comfortable selling it at a price point that i wasn't comfortable selling that so you know what i did i said hey i'm gonna keep these 100 shares in i'm also gonna keep the money you paid me to sell the hundred shares back to you that's stealing right there if that sound like i'm stealing money hey you paid me to sell you these shares and i'm not gonna sell them to i'm gonna keep these 100 shares in i'm gonna keep the money you paid me to sell you the shares to that if you think that's stealing it's not that is called covered costs that is called selling option guys that's right it is the whole other ballgame of the option market a lot of people think of you're gonna buy calls and you're gonna buy puts that's betting that a stock is gonna go up or gonna go down but where the real consistent growth is that it's not a big major gamble like buying calls and puts is selling option so in this video guys i'm gonna show you how i made 150 dollars of passive income this week alone just from selling covered calls i'm gonna walk you through all the steps i'm gonna show you how to do it on weibo i'm gonna show you how to do it on robin hood and i'm also going to show you guys my strategies on how i picked a certain price points on these covered calls so what are covered calls cover calls is what other than buying a call you have to sell a call that means you have to have 100 shares of a certain company let's pick apple for example so now that's why a lot of people get turned away from cover costs is because you actually do have to have 100 shares of this company and that does cost a lot of money but once you master cover calls it blows dividends out of the water because you can literally make money every single week now once you have your 100 shares you have the option to sell it at a higher price point and they will pay you for it now i know it sounds like stealing but it's not i'm gonna get into more detail later in this video so make sure that you guys go down hit the subscribe button so you don't miss out on any future content and also hit the thumbs up button to help stop this channel more than you could even imagine so before i walk you through it step by step this video is brought to you by weibo signed up now i'm by clicking the link down in the description deposit any amount of money and you can receive up to 12 that's right 12 free stocks um just for signing up and depositing any amount of money you can deposit one penny if you want to and you'll receive up to $30,000 in free stocks once you receive those free stocks you can keep them in the platform and decide to use it or you can sell those free stocks and withdraw all of your money guys that's really free money do not miss out on that opportunity also mumu another affiliate link decided to one up we will with their offer they're gonna offer up to 13 free stocks from using my link down in the description just for you guys i think it's gonna last all the way through august 30th so don't miss out on that opportunity you sign up you get a free stock you deposit $100 you get even more free stocks i'm gonna leave a link to both of those down in the description do not miss out on those opportunity guys uh that is free money do not miss out on those opportunities button i'm talking let's go ahead and dive straight into this video okay so let me explain it to you step by step and then i'm gonna show you guys how much i'm made from each company so here we are on google ticker symbol g o gl let's hit trade and you want to hit trade options let's go out a week to august 19th and then other day having it on buy card we're gonna have it on sell call so let's say we own 100 shares of google let's say we bought google last week at $120 so we will make profit from $120 to whatever price point above $120 that we want to sell it at so if we're looking on the side right here let's say we bought google at $120 and we're comfortable selling google at $124 so that's a profit from 120 all the way to 124 with 100 shares so you're gonna get that profit so let's say we click this one right here for 61 you multiply that by 100 shares 61 cents so that's going to be $61 created it to your account immediately that is called the covered call so remember when i said i didn't feel comfortable selling you my shares at a certain price so let's say the price that i am comfortable selling you at is 124 let's say google only shoots up to $123.50 that's not the $124 that we was looking for so if it shoots all the way up to $123.50 we get to keep our 100 shares and we also get to keep the $61 that we put in at the beginning of the week so the $61 is created to our account immediately as soon as we put in this option and if it doesn't reach $124 by the end of the week then we also get to keep our 100 shares and we get to do it again the following week and that is how i generate passive income from covered calls so let me show you guys the stocks that i'm using to generate covered calls the price points and how i determine what price points i'm going to pick on how comfortable enough i feel at selling my stocks at so any price point above what you bought a stock at is always a win but sometimes the price point does pull back so you don't want to sell a covered call at a price point under your average price that you pay for these 100 shares so as you can see right here on google i did buy my my average cost is $119 so i will always pick a price point above $119 in order for me to feel comfortable selling these shares and generate passive income every single week so i made this week let's scroll down $15 from a covered call on google i was comfortable selling it at $125 right here so that's $20 from google and then the rest i did on weeble let me show you guys how you're doing on weeble so here we are on weeble this is tickle symbol lyft lift you want to hit options and then you want to right here where it says call you want to hit calls right there and then you scroll to the price point so um lift price point right now is at $19 and 40 cents so let's say if you bought 100 shares of lyft at $19 and 40 cents what would you feel comfortable of selling your shares at let's say $20 and 50 cents right here then you'll click that one it says 22 remember don't hit buy call you want to hit sell call so right there you'll be created $22 to your account immediately and if it doesn't reach that price point you get to keep your 100 shares and if it does reach that price point remember you still made the profit all away from the price that you bought it to the price that you sold it at at $20 and 50 cents per share so now let's add up how much i made so we got the $15 from google that we did over at robber hood on coin i was willing to sell it at $115 they created in my account $24 in video i was comfortable selling at $190 remember all of these price points i'm going to show you because you don't want to stock this skyrocket i still want to keep my 100 shares remember whatever i'm comfortable selling 100 shares at and if it doesn't reach that price point i get to keep my 100 shares i want to keep my 100 shares but so i could do it again the following week so i'm gonna show you guys how i find these price points to where i could continuously do this every single week so in video i got $20 from that apple i got $27 from apple um look at apple apple was 172 50 remember that from when i pull up these charts netflix i got 56 cents from netflix and then google i got $15 from google so with all of those combined i made $149 this week alone and if i was to do this every single week 149 times 52 weeks i could make an extra $7,748 of passive income some weeks it's a little more some weeks it's a little less but hey $149 every single week is pretty doggone good for covered costs so let's go ahead and pull up the chart so i can show you guys my thought process through everything all right so here we are on apple apple at the beginning of the week was around let's say august 8th was around $165 and i picked the 172 and 50 cents price points how did i pick that well i like to drive support and resistance lines let's say this is one of the support and resistance lines right here all the way through it had a hard time breaking above that line and this line right here is exactly at $172 and 22 cents so i have picked the price point of 172 50 if i were to pick 172 even i would be selling 100 shares right now and then and then i would be doing cash secure puts on the other side but but that's a whole another video that i have to show you guys so that's how i pick my price point so when apple opened up next week um let's say they opened up at 172 ish i will pick the next resistance line up here that i would feel comfortable selling apple at and that's around 179 ish dollars so from this price point to this price point apple would have to grow um a little bit over five percent in one week which is you know pretty rare for apple to grow five percent is in one week it's done but i would pick a price point a little bit above 179 so probably 180 uh another quick example is nvidia nvda right here of course once again you guys can see the support and resistance line i picked the 190 right here nvidia came all the way to 188 ish dollars as you can see is a clear supporting resistance line right here so i just picked the price point that's a little bit above it above the 190 so anything above this line and i barely made it out but i do technical analysis every single week before i put in my cover calls i don't go in and blindly do cover calls i do technical analysis and i post them inside the discord so yeah speaking of the discord if you guys would like to join the patreon that link is going to be pinned in the comment section over there once you join the patreon you gain access to the discord i post every single time i buy and sell the stocks i post my swing trades my option trades and my cash secure puts every single week so if you new to this and you have a lot more questions it is a great community of traders over there that we can help you out at any time and if you want to get into cash secure puts that would be the place just so you can follow along on what i'm doing and we also have other pro traders in there that post all of their option trades every single day so if you want to be a part of a great community check out the patreon that link is going to be down in the comment section and that will take you to my discord all right but yeah guys go ahead hit the subscribe button hit the thumbs up button don't forget to pick up your free stocks from weeble and from moomoo those this some of the best offers that have to date so don't miss out on free money but other than that i'm zeke bring you to dream green show and i'm out peace