3 Easy Options Trading Strategies for 2021


Don’t miss Friday’s complete Options Trading for Beginners video 😲 these are powerful investments and will help you not only protect your portfolio but boost returns. Which options trading strategies do you want to learn about?

Trading options is one of my favorite investments and despite the name, they can actually help you reduce risk in your portfolio. This isn’t like trading stocks, which is more like gambling, these are legit trading strategies that will protect your money and allow you to do things you never could with stocks.

In today’s livestream, we’ll start with a brief options trading explanation and why every investor needs to be using options strategies. I’ll then reveal three options trading examples perfect for 2021.

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Options are investments based on the share price of a stock. An investor pays a premium for the right to buy or sell a stock at a certain price at a certain point in the future. This allows investors to make leveraged bets on stocks and reduce risk with different strategies.

Reasons to use options trading include being able to get exposure to high-priced stocks like Amazon without paying over $3,000 a share. You can buy a call option for a few hundred dollars and get the same upside.

Options are also great for reducing your risk. You can lock-in the price you get for shares with puts or collect some cash on an investment now by selling call options.

The three 2021 options strategies we’ll look at today include the bull spread, covered call writing for cash flow, and getting shares at a discount with the cash secured put strategy. Make sure you watch Friday’s options trading guide for all five options strategies and how to use each!

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.



Robert Dunfee


  1. Let's Talk Money! with Joseph Hogue, CFA
    July 20, 2021 at 8:09 pm

    The FIRST issue of The Daily Bow-Tie goes out tonight! Are you going to miss it? 💰
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  2. Sommai Patitungkho
    July 20, 2021 at 8:09 pm

    i need to do the optionds but not yet understand Sir

  3. Sommai Patitungkho
    July 20, 2021 at 8:09 pm

    can not order now

  4. Maverick
    July 20, 2021 at 8:09 pm

    Why do this vs buying a QYLD or one another covered call etf?

  5. George DeFina
    July 20, 2021 at 8:09 pm

    Does the buyer of a PUT that I sell have the right to exercise the PUT at any time or only at expiration?

  6. ha ngo
    July 20, 2021 at 8:09 pm

    Thanks for video

  7. Fu Leung
    July 20, 2021 at 8:09 pm

    Great work

  8. Patty AAP
    July 20, 2021 at 8:09 pm

    Oh Gosh! I would LOVE to understand options! They are like Greek to me! Jo, Would you mind making more videos when you buy your options? Hopefully with time I can see the logic of them and learn how to use them. Thank you for everything you do for us.

  9. Think Money
    July 20, 2021 at 8:09 pm

    selling covered calls and selling puts is my favorite way of trading options. let's go!

  10. Matthew Ellis
    July 20, 2021 at 8:09 pm

    Can someone please help me understand:

    In the case of a covered call, I own stock at lets say $10 and I sell a $15 covered call for 1 year from now and collect $1.50 per share premium…. why wouldn’t the purchaser of that call just buy the stock at its current price of of $10?

  11. can Gürbüz
    July 20, 2021 at 8:09 pm

    Guys, you are tired, before doing reviews, you first read about FBC and their algorithm

  12. Bob Shaw
    July 20, 2021 at 8:09 pm

    Joseph Hogue, Once again you jammed packed a short video with great information! Thank you!

    There are some basic investing principles that are accentuated when trading options: know thyself… know your tolerance for risk; have defined goals; don't trade/invest in what you don't understand (study and educate yourself); have an exit strategy before entering a trade.

    Unlike high quality dividend stocks you can buy and rarely look at, options, in my opinion, need to be actively managed to minimize risk and increase profit opportunities.

    Personally I do not trade "naked" options… to reduce risk I sell covered calls and cash secured puts. When a security goes high fast that I sold a covered call on I rebuy the call for a profit (buy to close) then resell the call at a higher strike price in the same or future expiration period. puts can be handled in much the same way … there are ways to not get called out or have stock put to you.

    My four rules for option trading: select a good candidate security, select an appropriate option (call, put, at, out of, or in the money strike at an appropriate expiration), then define an exit strategy and actively manage the trade. The above begs the questions: "what is a good candidate security? What is an appropriate option?" The answers for both questions are "it depends." It depends on an individual's goals and risk tolerance.

    I encourage anyone starting out to begin by paper trading and educate yourself on how all this works and start small. Some things can only be learned by doing … no one starts playing baseball at Wrigley field… they start in the local park. Crawl, walk run…

    Best to everyone in the bow tie nation! Go forth and prosper.

  13. Stephen Cochran
    July 20, 2021 at 8:09 pm

    Just to help others I started out with $5.00 I'm now$170k

  14. Stephen Cochran
    July 20, 2021 at 8:09 pm

    We can hear u fine planterville tx.

  15. R D
    July 20, 2021 at 8:09 pm

    If you are going to talk options it's important to discuss covered and naked from the start. It's also important to explain some of the worst things that can happen with options such as unlimited downside risk in some cases (essentially infinite loss). Synthetic dividends are nice via covered calls but folks can get carried away with what they are doing especially if they start to do naked options.

  16. Matt Kelly
    July 20, 2021 at 8:09 pm

    Great info, thanks for sharing!

  17. Randy Letourneau
    July 20, 2021 at 8:09 pm

    Do you have a suggested stock options list that setup better for taking trades daily or weekly?

  18. noko3300
    July 20, 2021 at 8:09 pm

    Very informative. Thank you!

  19. Dave Cirelli
    July 20, 2021 at 8:09 pm

    I would go with selling the PUTS on stocks you want to own instead of buying call options and just go about 3 months out and just roll if the stock continues to advance or even if it stays neutral or goes down a little and if you are put the stock you will be getting it at a discount. The risk is if the stock shoots to the moon and you miss out on that move but really there is no need to own the stock. Use spreads on big dollar stocks like amazon but if you are not familiar with options trading, use a paper account for practice. Covered calls have the same risk profile as selling put options.

  20. Aby Her
    July 20, 2021 at 8:09 pm

    It was use in WW84.

  21. ryan _
    July 20, 2021 at 8:09 pm

    Budweiser huh

  22. TheGrantRomigExp
    July 20, 2021 at 8:09 pm

    You’re the financial father figure I wish I had 😂

  23. LisainNewarkNJ
    July 20, 2021 at 8:09 pm

    Please suggest a sandbox to try strategies. Thank you.

  24. ilovetulips
    July 20, 2021 at 8:09 pm

    Will you be recommending weekly or monthly options like you do with growth and dividend stocks?

  25. mr. sicko
    July 20, 2021 at 8:09 pm

    awsome video

  26. Nick Holk
    July 20, 2021 at 8:09 pm

    Watching from Alabama. New to the stock market. Thanks for explaining this.

  27. Growingwiser
    July 20, 2021 at 8:09 pm

    Your talking about options trading while Bitcoin, and others, are making millionaires in just over the weekend.

    July 20, 2021 at 8:09 pm

    What site do you use to buy your options

  29. Mike G
    July 20, 2021 at 8:09 pm

    Can you give us a top 3 etfs to buy now. thanks

  30. Zach Hazelett
    July 20, 2021 at 8:09 pm

    Joseph you deserve the world my man! Free newsletters are rare. I love your advice.

  31. Nicki R
    July 20, 2021 at 8:09 pm

    Thanks for all your wisdom Joseph! I'm a newby here and all of the suggestions are welcome. 🙂 I took good notes from your 2021 videos and advise and look forward to getting started…even if it's small steps until I feel confident.

  32. lome estacara
    July 20, 2021 at 8:09 pm

    I’m 24 and son of poor immigrants. I began investing with help from your videos. My portfolio is nearing $2000 and earned $19 in dividends total in 2020. Thank you Joseph, your videos are beginning to break a generational cycle of poverty, none of my parents ever had 2000$ to their name in their lives

  33. N C.
    July 20, 2021 at 8:09 pm

    Hello Joseph! I am a new 18 year old investor who Started this year with a core satellite portfolio and a nearly 48% return. Many thanks to you! My brother entices me with his options account, up nearly 282% on the year. I only have $10k invested total, should I hold off on options until I build a larger portfolio? The gains look promising with options

  34. David Cornell
    July 20, 2021 at 8:09 pm

    It's like I've been saying from the beginning, if these "instant win stocks" advisors were successful at grabbing the latest trends to get rich, then why are they charging for their advice? They already have the money if their advice is good. Joe is doing this for free or for YouTube ad revenue, not asking us for anything.

  35. Cryptomatic
    July 20, 2021 at 8:09 pm

    What do you think about ethereum

  36. yves leroi
    July 20, 2021 at 8:09 pm

    I m watching from Belgium

  37. Beauty On Earth
    July 20, 2021 at 8:09 pm

    It's hard to invest when you're living paycheck to paycheck 🙁