2d • Community Calls
River of Wealth Stocks + Options Call – Dec 2 Recap 🌊📈
Huge shoutout to Julie and Tony — this call was packed with real wins and super actionable strategy.
🚀 Big Wins from the Call
Julie
- Placed her first real-money bull put spreads on AAPL and TSLA (Congrats !)
- Used her spreadsheet to compare return on risk, adjust long strikes, and size positions smartly
- Picked Apple for stability and Tesla for volatility and opportunity
Tony
- Ran multiple cash-secured puts on NVIDIA (Congrats !)
- Already hit ~30%+ annualized returns
- Dialed in the framework: 30–45 DTE, ~20–25 delta, tight spreads, 50% take-profit
Please share these wins in the community so we can all celebrate them 🙌
🧠 Key Concepts We Covered
Bull Put Spreads & CSPs
How to filter out low-quality trades, why high-quality names matter, and how to build an options income layer on top of stocks you already believe in.
Macro Tailwinds & Timing
We talked about market strength into December, regaining moving averages, and how to wait for the right pitch instead of forcing trades.
Narrative & “Forever Companies
”Narratives flip fast, but companies that consistently execute (AAPL, NVDA, TSLA) tend to win over time.
We discussed pairing long-term holdings with options income for a powerful two-engine strategy.
Avoiding Over-Diversification: It’s often better to focus on a few A+ names you understand well rather than scattering across 10–15 tickers.
📊 Technical Analysis: Moving Averages
We added 20, 50, 100, and 200-day simple moving averages in Thinkorswim.
Use them to:
- Gauge market strength
- Decide when to throttle risk
- Find better strike placement
- Identify support and resistance
Broad market (QQQ, SPY) + individual names (NVDA, AAPL, TSLA) all follow these rules.
⏳ Theta: “Selling Time”
Tony put it perfectly: We are selling time.Even on weekends and holidays, time decay works in your favor.This is a strategy you can run without staring at the screen all day.
⚠️ Margin, Risk & Downturn Prep
We covered:
- Using margin as collateral (not as leverage)
- Keeping risk small relative to the total portfolio
- Watching moving averages for early signs of weakness
- How a downturn can be an opportunity to rotate from index funds into elite “forever companies”
✅ Action Steps for the Community
1. Post your winsJulie & Tony — please drop screenshots or explanations.
2. Set up your TOS chartAdd 20 / 50 / 100 / 200 SMAs so you can start seeing trends more clearly.
3. Define your personal playbookPick 1–3 A+ names, set your delta, DTE, and take-profit rules.
4. Use the commentsDrop questions about spreads, margin, moving averages, or your first trades.
🎥 Recording (66 mins) + Highlights
Let’s keep compounding together. 🌊💸
Here are clickable highlights:
Key Takeaways
- First Live Trades Placed: Julie McCoy executed first live trades (bull put spreads on AAPL & TSLA) after successful paper trading, targeting a ~50% profit on a max loss of $4,672.
- Profitable NVIDIA Strategy: Tony Li achieved >30% annualized returns by repeatedly selling cash-secured puts on NVDA at the $165 strike, a key support level.
- Downturn Strategy: Use moving averages (20/50/200-day) to gauge market health and adjust trading activity. Consider using margin on stable assets (e.g., dividend ETFs) as collateral to free up cash for options.
Topics
Trading Wins & Strategy
- Julie McCoy (First Live Trades)Trades: Bull put spreads on AAPL (3 contracts) & TSLA (1 contract).Rationale: AAPL for reliability; TSLA for volatility, sized smaller due to higher risk.Execution: Used a spreadsheet for pre-analysis (RoR, max loss) and secured a better fill price on TSLA by patiently waiting for a volatile market to meet the limit order.
- Tony Li (Profitable NVDA Strategy)Strategy: Repeatedly selling cash-secured puts on NVDA.Key Parameters: 30–45 DTE, ~20–25 Delta, target 50% profit.Results: 3 successful round-trip trades, achieving >30% annualized returns.Re-entry Tactic: After a 50% profit close, wait for a dip (e.g., NVDA to $181) to reopen the position at a lower strike price (e.g., $162).
Market Downturn Strategy
- Problem: How to manage options exposure during a market downturn.
- Jeff Cowan's Framework:1. Long-Term Core: Hold "forever companies" (e.g., AAPL) and index funds (e.g., QQQ) for long-term growth and tax efficiency.2. Options Income: Use options for income, adjusting activity based on market health.
- Technical Analysis (Thinkorswim Demo)Tool: Simple Moving Averages (SMAs).Key Levels: 20-day (short-term), 50-day (medium-term), 200-day (long-term).Application:Bullish: Stock price is above all SMAs → trade confidently.Bearish: Price breaks below SMAs → reduce risk or pause trading.Strike Selection: Use SMAs to identify strong support levels for put strikes.
- Margin as a ToolConcept: Use margin on stable assets (e.g., dividend ETFs) as collateral for options trades.Benefit: Frees up cash for trading without triggering capital gains taxes from selling the underlying asset.Risk: A sharp market drop could devalue the collateral, triggering a margin call.
Next Steps
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River of Wealth Stocks + Options Call – Dec 2 Recap 🌊📈
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