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Kevin Tucker self made millionaire offers Free Stock Trading Lessons! | The Goldfinger Minute | YouTubeToText
YouTube Transcript: Kevin Tucker self made millionaire offers Free Stock Trading Lessons!
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[Music]
Hello everybody. This is Goldfinger from
the Goldfinger Minute. Today I have an
interesting guest. This is Kevin Tucker.
And I have mentioned Kevin Tucker in the
past on my lives. Uh but we're gonna
first uh let him introduce himself, give
a little bit story behind how he got
here, why he got here, and then we're
going to go into interesting subject
what he does when he's here. Kevin,
welcome. Well, thank you very much for
having me, Goldfinger. This studio is
very nice. Thank you. This this is
professional, guys. Yeah, we we went all
out. So, uh, you know, I I worked for a
company in the US and, uh, the boss
decided to retire at the end of
2021. And so, I was out of a job. So, I
just went ahead and, uh, sold my house,
sold everything, got in an RV, went
around the US for a year, and then uh,
decided to come to the Philippines. And
I I got here in uh, late December,
December 19th, 2022. So, you had the
financial wherewithal to go ahead and
not have to work at the moment. Yes. So,
and I'm only 59, so I'm too young to get
social security. A youngster. And that
was that was two years ago. Well, 2021
was the last year I've had a real job.
Oh, okay. So, that was four years ago.
Yeah. Yeah. And you're 59 now. Okay. So,
you were very young. Yeah. Yeah. So,
that's good to retire young. And I'll
tell you why real quick. I've met many
of people that said they wish they had
retired younger. Now they're too old to
travel. They have illnesses, you know,
they have to go in for they might have
uh uh blood trans transfusions. They
have to go I forgot the name of it, but
uh they then they have other problems
that they have dialysis. Dialysis. Thank
you. And uh and and unfortunately
they're they're also get as we get older
we get afraid to to get outside our
comfort circle. Sure. So go ahead and
tell us more about I'm you I don't want
to interrupt you too much. Um well, you
know, and that that's the main reason
why I wanted to do this. I mean, I I
travel a lot here. I'm gone anywhere
between one and three weeks every month.
Okay. You know, I've been to 18 islands
so far. That's quite a bit. And I've
been to two three islands.
Siki, I mean Yeah.
Siki and I I uh No, I didn't. I went to
I haven't gone to actually other than
landing Manila. I never saw any of
Manila. Okay. I was in the airport and
then I traveled to Sibu. Actually,
that's another island. So, that's three.
And I went to Boho. Okay. So, so I'm up
to four. Wow. Wow. You didn't even know
it. And And when you went to Sibu, if
you didn't take the ferry, you flew on
to Mckan. So, that would be fun. Yeah.
Yeah. That's true. That's true. That's a
separate island. That's true. So, uh,
which island did you find the most
interesting that you'd like to go back
to? you know,
um, all of them been really cool. Um,
Mindanao is so big and, uh, it has
different climates and everything. I
went all the way around. I flew into
Dva, went all the way up to Kagan to
Oro. So, it has elevations. Yes. Yeah.
You get up there and there's pine trees
and log cabins. You know, they have a
pink beach somewhere off the island.
There's a Yeah. All the coral ground
down to the sand and the whole beach is
pink. Wow. And it's only in Mindanao.
It's the only island has a pink beach. I
did not know that. Is interesting. I'd
love to visit that. Unfortunately, I
don't know if it's in the best of areas.
Hopefully, it's not down in Zambboango.
That's that's the that's a rough area.
Yeah, that's that's where all the uh
Muslim extremists are. Is that the ISIS
or is that something else? Um, actually,
it's funny. They had to change their
name because their original initials
were MILF. MILF. Oh, yeah. That's not a
good one to have, is it? Somebody
finally explained it to them. So, they
they'll attract even more foreigners,
right? So, um but yeah, that's that's
down there. And uh they sometimes they
will kidnap for foreigners. Yeah. For
for bounty for not so much bounty, but
uh they want money, right? For the
ransom. Ransom. Thank you. I'm lost for
words this morning. I haven't had enough
coffee. Uh, so and but you liked
Mindanao. Mindanao was was good. Um, I
mean I've even been to small islands
like Tablas,
uh, Ramblan and these are just little
bitty islands out in the middle of
nowhere where you've got a 10 kilometer
beach to yourself. Can you spend the
night? Yeah, there's resorts. So, it's
for it's a real vacation off on an
island all by yourself. Mhm. It's That's
cool. That was really nice. They have
food there. Yeah. Um, I stayed at a
resort owned by a German fellow, so it
was mostly German cuisine, but that
would be pretty cool. I I I would like
to do that, but I'm I'm really a home
person. I again, I have my new comfort
circle, which is Dumaguetti.
Unfortunately, we all create comfort
circles. So, well, and to get to that
island, we actually I can't think of the
name of the island that Elo's on, just
right next to us, but uh flew into there
and we had to take a bonka boat for two
hours to get to Tabla. So, bonka boats,
the little bitty boats with a bonka
boat. I never heard of that. So, they
have a boater, I assume, at least. A
very loud one. A very loud motor. That's
That's what you see all the fishermen
in. Those are bonka boats. Yeah, I could
hear them from the shore. They're pretty
loud. Yeah. But in Thailand, they have a
very interesting motor. They have
usually use a car engine with a very
long shaft and a propeller in the water
that they lift up and out. It's very
different. Yeah. In Thailand, it's very
different on the rivers than they are
here. Of course, they're they're in
rivers, so it's it's they don't have
waves, so it's a it's a thin, skinny,
long boat. Okay. Yeah. So, so your
favorite island was, you know, it's it's
really hard to say, but I've I've been
to all these different places and I've
never found any place better than here
for the combination of quality beef. You
got Brest, you've got Blair's in in
Valencia, you've got uh the name I can't
remember the name of the deli underneath
the Jade Dragon over there in North
Point. You know, you can get quality
meat here. The driving isn't too crazy.
only in downtown Dumagedi but here you
know Bong and Valencia yeah it's on
national highway is pretty wide pretty
easy especially in Bong and down because
it's double lanes right so and then on
top of that and a lot of people think
this is a negative but we have I mean I
would say other than Angela city and
Subi Bay only because of military bases
up there I would say we have more
foreigners per capita than any other
place in the Philippines here in
Dumagedi yes we Um, we got we got
Australians, Canadians, Americans,
Germans, everything. Russians, Germans,
Russians, everything. Yeah, I've seen
them all. They all come here. I'm
starting to see a lot of younger crowd
though. And a younger crowd is starting
to go to Sikihore now. Uh, yes. Bunch of
young Europeans. Yeah, that seems to be
the place to hang out. Usually they do
that because they have pot and other
young people, but I don't think they
have that much pot available in
Sikihore, but I could be wrong. That's
life in prison. You get caught over
here. Is it life in prison? Life in?
Yeah. They're pretty tough on drugs.
Yeah. Yeah. So, just go to Thailand if
you want to do that. Just pop over there
for a while. In Mexico, they had a very
a little area where all the all the
young uh digital nomads would hang out.
They're all young girls and guys. And
they'd surf. They had great surfing
right there and they just took over that
whole area. Wow. But heavy pot. You you
you you ride into there, you can't help
but smell it everywhere, you know. But I
don't think that's going to happen in
Sikihore. So I don't know what the total
attraction is other than young people
like to be with young people. So yeah,
there's more Europeans on Sikihore than
than US. I think there's a lot of bars
too now. Yeah. Everything in San Juan.
That's that's all bars. I mean I love
Sikihore. go. I used to go once a month.
Really? Yeah. Wow. But then lately I've
been going to Cipilai on the other end
of this island. Okay. And uh you know
here we get sunrises cuz we're facing
east, but Cippili is facing west and the
sunsets there are just incredible and uh
beautiful sunsets. Yeah. I I found a
resort there that waits on your hand and
foot. They have a decent steak and and
everything. Do you remember the name of
the resort? Yes. It's um Gosh darn it.
No. Well, you'll you might come with it
if you do later on. Just It's actually
in Hanoba on and uh if you pull it up,
God, if you if you just if if you go to
Google Maps and pull up uh resorts in
Hanoba on u it'll it'll come up. It's
It's like the biggest one. Sounds
interesting. It sounds like a great
place to go visit. I can't take a a a
quiet island for too long. Okay. A week
is too long on an island that doesn't
have a whole lot to do. A couple days,
three days is fine. Now, when you go to
Sikor, do you take your bike or do you
uh No, I take the ferry, go over and
rent a bike. Rent a bike. That's what I
tell people to do. You know, I've been
over there so often that I know
everything to do. So, I'm a fun person
to go to Sikihore. Okay. Yeah, sounds
good. So, you know all the places? Yes.
All the the caves. I've never been
through the caves. Darn it. I miss the
caves. You I've been there twice and
both times I miss the caves. The cave is
not for older, bigger guys. Like I'm
6'2. Yeah. There's a the first
probably 5 mters or so. It's only 3 ft
tall. Is it lit? No. Is is is the water
I understand is very clear. The water is
clear. Um you know you got to you have
to go in with a guide. Normally two
guides will go in with you and uh yeah
you walk right right through the water.
Oh, you walk through the water. Oh, I
thought they were on a boat. No, no. In
Sikihore, you just walk through there.
You walk through the water. It is. Is it
cold or warm? It's pretty cold. I bet it
is. Yeah. So, is it fresh? It is fresh
water. And they do have fish in there.
They've got some blind uh I I think they
were catfish. I don't remember exactly.
I'm surprised they let you walk through
it because you would think that you'd be
in introducing bacteria or things to the
water. Well, you know, they don't really
think about some things. How deep is it
that you're walking through? Um I think
the the deepest
waist knee high. Knee high. Kneeh high.
Oh, so it's not real high. Waist high
And uh what else do you do here? Uh on
on Sikihore or? No, no, here in Dubai.
Uh well, I'm pretty fortunate. I live in
a nice place. I live right on the beach,
so I can go swimming anytime I want.
Um, you know, I just, uh, hang out with
with some friends in Valencia. That's
cool. Um, I had a friend come in, uh,
this last week. We went up to, uh,
Pulang Bato Falls on the other side of
Valencia. You know, the the, uh, sulfur
rocks and everything. Yes. Yes, I've
been there. So, it's up towards Red
Rock. Yeah, same road. Same road. Okay.
Yeah. I used to live up that way. So, I
know something you do keep you busy.
go ahead and tell us about your trading. Okay.
Okay.
Um I thought you were going to go with
something else actually, but you can you
can talk about something else if it is
on your mind. Wow. No, but um what I do
again I haven't had a real job since
2021 and uh I've started uh trading
stock options. I first started out I'm
self-taught on everything. I started
doing this started doing this in 2020
and uh at first I just bought stocks
uh looked at at uh day trading that
wasn't worth it went to swing trading
then I found out about options and it's
uh it's very interesting only about 1 or
2% of the population of the world even
knows how to do this and it's a shame
this should be taught in every high
school I tell you I did it myself but
we're talking over 25 years ago okay it
was before the year 200 000 I did it.
So, well, no, actually, no, that's not
true. 2005, 2007 I did it. So, uh Did
you still have to call a broker back
then to do it or or was it online? No,
it was online brokers and I had high
level. I was able to put puts, calls, um
butterflies. I did all that stuff. I
actually took classes back then. There
was nobody that did it and very few
people did options. And I made a lot of
money at it actually. I did very well. I
have I got busy with my gold business.
So I I had to drop it because it was New
York. I was in California. So I'm
getting up at 5 5:30 in the morning and
doing one job, one hat. And then around
9 or 10 o'clock, I have to knock off of
that and do my other hat. Oh yeah. I
couldn't keep them both up. And the gold
business gold went up and I had to drop
something. So I dropped that. But I
actually started because gold was very
low. But gold went up so high I I got
very busy. Now in stock options, you do
you use all the you have more than one
screen? Um, no. I mean, I do the the the
simplest thing possible. What I do is
called the wheel strategy. Okay? And
there's tons of videos on this in
YouTube, guys. You you can pull this up
and uh it's very easy. And that has two
strategies involved to that. Okay? The
first uh so when you get started, you
don't own any stock. So, you would start
with selling cash secured puts. That
means you have money and what you're
doing is you're making a deal with a
pessimist for to buy a stock that you
like. So, I'll put it this way. So, say
you own a stock that's $10 a share. You
actually don't own the stock, though.
I'm going to correct you on that. You
know, you have the option. Well, I'm
saying you own the option. I'm I'm
saying you own the stock. Yeah. I make a
deal with you. Oh. Oh, and the other
person owns the stock. Yes. They own the
stock. I have to put up cash as
collateral. Okay. in the beginning. So,
um, what I do is say you bought the
stock. The stock is $10 a share. Okay? I
like it at $10 a share. Wouldn't mind
buying it. You know, always do this guys
with something you know. Okay? You know,
a stock you know you like. You wouldn't
mind buying it at the today's price.
Well, on Monday, I make a deal with you.
Say, "Okay, Goldfinger, the stock is $10
a share. Tell you what, on Friday, I'll
buy at least a hundred shares for from
you. That's what an option contract
consists of. 100 shares is an option.
And so I say, I'll buy that from you on
Friday if it drops to $8.
And believe it or not, Goldfinger will
pay me to make that deal. He will pay me
cash for me to buy a stock from him that
has to drop 20% for me to buy it in one
week. And in a perfect world, I never
buy a single share of stock. No, you
know, the deal expire most of the time.
If you go down with a far enough delta
and they've got Greeks and things like
that, it basically tells you what
percentage uh the likelihood of you
getting assigned. I don't remember all
the different what do they call them?
The Fibonacci the was it the Greeks? The
Greeks. They have Fibonacci. They have
all kinds of stuff. It's been a long
time. I don't remember all the names.
Uh, we used to look, now you're doing
puts. I used to do mostly calls, but we
looked for the M. Okay. We look for
three tops. Okay. Okay. And and we watch
a I watch a stock for a while now. I
did, and I'm not going to be as good as
you because I haven't been doing it for
many years. It's been a long time, but
as I remember, uh, we did swing trading.
We didn't do day at all. It was too too
risky. Yeah. Uh, day. And so I would do
swing. swing training to me and correct
me if I'm wrong, it was for me it was
like more than a week usually three or
three days up to three days up to like
two months. Two months. Three months.
Yeah. And just kind of watch it. But you
you do have to you put in stops, right,
to protect yourself. And I was told that
if I won two, if I made money on two out
of 10 options, I'd be making money. And
I did. And usually I'd do better than
two, but they said at two, your your
your break even is at two. And anything
better than two, you'll make money. Does
that still hold true, would you say? I
mean, for me, you you were doing way
more than I was. The things that I do
are it it's so simple. You're you're
just got it down to a cookie cutter that
works. Yeah. What I try and do is uh
when I'm doing cash secured puts Uhhuh.
Uh and that means I don't own the stock
yet. I try and pick a
delta, go down far enough on the strike
price. Like I said, normally on a $10
stock, it'll go down in 50 cent
increments. Okay. And each increment you
go down, like he if you own it for 10,
if I say I'll buy it at 950, then I've
probably got a 60% maybe higher
probability of it dropping and me having
to buy that stock. Everything has highs,
lows. Well, what I do is I go down and
pick a delta, a strike price, say $8,
where I am making anywhere between one
and a half and 1.8% on my money every
week. Okay? So, think about that. If if
you're making 1.8 8% on your money and
the deal expires harmlessly 80 to 85% of the
the
time. 1.8% on your money is over 90%
annualized. Yes. That's without
reinvesting. It's 100%. It's easy. Yeah.
Yeah. 12 times 12. It's quite a bit.
Yeah. So, uh that's what I do. And if I
don't if you don't mind me asking, if
there's anything you don't want to say,
go ahead. But how much do you invest?
Well, it it does take money to make
money. Yes, it does. you know, and and
uh I do I do have a pretty good amount
that I play with. Can you give us a
range or a number what what it takes?
Well, are we talking
$50,000, $100,000 or more? Oh, more than
that. Every week. Every week. More than
Now, you have a portfolio of a certain
value. Yes. You I was always told only
to risk 10% at any one time of my That's
what I was told. I don't know if that
holds true. Do you risk more than 10% of
your total assets? I uh do about 70%
every week. So you you're in to 70%
which is and honestly I'm gonna be
honest. Okay. So just kind of give you
an idea. It's been a long time since I
did it. It's hard to remember. It's over
15 years. But I had a I had about a
100,000 portfolio. That was the most I
was willing to put into it. Uh after I
tried it for a month. And you could try
it uh when you have a brokerage. You
could try it with with not real money
like you could create a fint or fake
account and start with a hundred
thousand or even a million if you want
and you practice that way and that's how
you I had a practice for about a month
or two. I don't remember how long. When
I finally went into it and I saw that I
was making good money in the first
couple weeks. I put 75% of my money in.
Yeah. And the 75% made me and it scared
me a little bit honestly. the 75% 75,000
of my 100,000 portfolio when I actually
put a 100,000 transferred from my bank
account to the brokerage and I invested
75 which you're not supposed to do.
That's what I was told but of course we
get greedy and we're human. Okay. It
works. And I made 28,000 in less than a
month. I think three weeks. Yeah. And I
was like shocked.
I've taught 18 people how to do it here
in Dumagetti. And uh my longest tenure
protege made 88% on his money last year.
Good. Gosh. And uh how much are they
investing? Let's go talk about that.
Well, all of them started small, you
know, couple thousand. Just a couple
thousand dollars. Okay. And uh but then
after they get their feet wet and they
see they practice a little bit a few
times, see if they're winning, losing.
Right. Do you go over your losses or
over your wins? And I used to write it
down. This is I can only tell you what I
was taught. You write down what why you
bought why you bought this particular
stock when you bought it, what the price
was, what your theory of what it's going
to do, what you base it on, and then
when you finally sold it, whether it
made profit or not, you you just you you
write down. Do you do any of that? I
spend 10 minutes a week on this. That's
all I do. So, you've been doing it for
how long though? Uh, this will be my
fifth year. Okay. So, you've been doing
it. I did it for months. I think I did
it only for about three months. So,
that's probably why. I think after a
while you would probably know if you
made a mistake or not. Why? Well, the
good thing is like if when I if I teach
you, you're going to learn from all my
mistakes. Like I said, I'm self-taught.
Uh made mistakes, got greedy. Greed is a
bad thing with with options. If you
don't go down far enough on that strike
price, like I said, in a perfect world,
I will never buy a single share of
stock. If you never own a single share
of stock, if the market crashes or
something, say Trump puts tariffs on
something like that, the market crashes,
which happened recently, so your
portfolio can just take a beating, you
know, now you're stuck with stocks,
uh, where you would do the next
strategy, you would get a sign, you'd do
the next strategy, which you mentioned,
covered calls. Uhhuh. And uh but if it
drops far enough down to where nobody's
even interested in making a deal with
you for the price you paid for it, then
you can't make a premium. Your portfolio
is down this much. You got people
freaking out and selling everything. So
we're talking about stuff that a lot of
people won't know what a covered call
butterfly or any of that stuff is. Well,
and they won't understand it because you
could buy and sell the same stock. Yes.
At different prices. Yeah. You can
actually do a put and a call at the same
time. If you own the stock, you can do
the call. But that's okay. So covered
calls, that's the second strategy. So
let's just say on Friday the stock
dropped to $8. So I got assigned. I had
to buy a 100 shares of stock for you
from you. What I do on the following
Monday is okay, I made a deal with you.
You were pessimistic. What I do on
Monday, I make a deal with someone who's
uh optimistic, an optimist, you know,
and so what I do is I put the covered
call up for the same exact price that I
paid for it. I'll put it up for $8 a share.
share.
Now, three things can happen when you do
this. Um, now the the optimist, he's
hoping he's going to pay me $8 a share.
He's hoping it goes to 10. Even if if it
goes to 10, I still have to sell it to
him for eight, right? That's the deal we
made. But by me putting it up for the
same price that I paid for it, I'm
getting premiums, which that's the money
that that I get paid to do the deal,
anywhere between five and 7% for that
one week. Okay. Okay. So, I'm happy to
do that. So, so you end up owning the
stock. I got a Yeah, I got a sign from
you. I never did. I never actually owned
the stock. Really? No, I didn't. I just
I just did I just did options. I never
actually purchased or owned the stock.
Well, you did well if you never got
assigned and never had to actually buy
it. I didn't have the money. I didn't
have the money to I mean, you're dealing
in I'm sure thousands of shares. So, I'm
sitting on about 40,000 shares of Yeah.
I never went that big. I'm I was It made
me nervous. Okay. I I'm not good. Even
though I grew up in Las Vegas and I
gambled uh I didn't gamble to win. I
gambled for the entertainment purposes
and it's like h so I lost a couple
hundred bucks. It's no big deal. I would
never lose 10 or 20 or 50,000. I've been
with guys sat next to them and they I've
seen them drop. They don't seem to worry
about it, but I I I couldn't do it. I
couldn't do it. So, uh I couldn't pull
the trigger, let's say.
No, you know, I got to see if my air is
on. It feels warm here. Let me make it a
little cooler. It's on 27. Yeah, 27. I'm
going to drop it to 26. There you go.
So, you know, so what I do the next
week, put it up for sale. And I'm hoping
that it I don't care if it goes to 10. I
just want to get rid of it. I want to go
back to my
cash. I don't ever want to own. I'm
surprised you don't ask more like nine
for it. Well, you'd make a lot more
money. I would, but say, "What if it
drops to seven the next week and it
keeps going down?" Then they're going to
ask you for what do they call it when
they they ask you for additional funds
to back up your position? Well, that'd
be a margin call. Margin call. Yeah. But
but no, I mean that wouldn't that
wouldn't be the case. It's just because
you own it because I own the stock.
Yeah. You don't have to have a margin
call. You're not on margin. And that's
only if you borrow money to do it. So I
had told uh I had told Kevin that I'm
going to be coming over his house to
learn. Of course I don't even have a
brokerage account anymore. So the first
step, of course, I have to get a
brokerage account. Yes. Uh you don't
have to put a lot of money in it. You
could just start practicing on the fake
account that let you create a fake
account with any amount of money you
want. And you can you have full access
live as it used to be full live uh
access to all the stocks and and and the
options you buy and sell, but you just
don't make any money. You don't really
lose any money. You're just practicing.
That's probably be my first step, you
know, and I I can show you a $5 stock to
where most you got to put up is $500
because it's a 100 shares and start with
that. All right? You know, that's what
most of my friends did and they just
slowly but surely put more in.
So, have you have anybody that's that uh
how many people have you taught? Let's
go back a little bit. You've taught
worldwide or No, no, here in Dumageddi.
Uh you'll be 19, I believe. I'll be 19.
Okay. And of the n Well, now count me.
Of the 18 that you you you did teach,
how many are still doing it? Do you
think all of them? So, if they're still
doing it, I have to assume they all did
well. Okay. They enjoyed it. Are they
doing exactly what you're doing type of
thing or are they doing it different?
Some of them are actually doing the same
stocks that I do, which you know that
always makes me nervous because I've
been dealing with these stocks for five
years. I'm prepared. They're very
volatile. And that has a big That's the
advantage. You want a volatile stock.
Yes. The more volatile it is, the higher
your premiums are going to be. You know,
that's that's one of the Greeks that you
use is volatility. Yes. Uh because you
want you don't want a stock to stay.
You're not buying IBM. You're not going
to buy IBM, Proctor and Gamble, nothing
like that, you No, you want an upand
cominging stock. Uh, usually it's
electronic which are volatile. Back in
the day it was it was electronic. I
don't know what it is today, but there's
always been uh and oranges because of
Florida weather commodities.
Commodities. All commodities. So, you'd
have to look up commodities, but that's
precious metals as well and and uh pork
bellies and things like that. It's been
a long time. I I deal with a lot of uh
stocks that are tied to Bitcoin. Okay.
And so, and Bitcoin's been quite active,
too, lately. Uh, it's it's it got over
100 grand again. So, it's probably
around right around 10. I think when I
got in bed last night, it was 102 103
somewhere. When I came over here, just
before I left, and that's about Well, I
went to Mexico. So, before I went to
Mexico, I owned some Bitcoin and I sold
it. I think I owned two or three at
$2,000 each. I owned the whole coin. Two
or three,000 each. And then when I went
to Mexico, I sold it off. 2,000 a
peach. It's like sad, but that happens
with a lot of people. Some people lose
the the the the memory card or whatever
where they have the ability to collect
on their Bitcoin. I've seen people
stories back in the day when, you know,
people bought Bitcoin for a penny a
piece and they're they're they're
trading a hundred Bitcoin for a
delivered piece. It started off as it
started off at at five cents as I
remember. Yeah. And start off five
cents. And there's people that had them
and sat on them for 20 years and threw
the computer in the trash along with the
hard drive and then and then they start
digging through the trash. There's a
story about a guy dug through the trash
for days and days and days. Could not
find his computer. Wow. Yeah. That's a
shame. Yeah.
He had he had uh he had bought like $50
worth at five cents.
That's a lot. Wow.
Then he'd be a trillionaire. 20. So
what? That'd be a thousand bitcoins. A
thousand times a nickel. Five 50 500
5,000. Uh yeah, that' be it'd be Oh, no.
Thousand. A thousand coins at 5 cents.
Yeah. Thousand times a
100,000. A million. Is that a million?
Uh or is it 10 million? 10 million. 10
million. Yeah. He's killing himself.
There's stories about it. There's
stories on that, but we're getting off
the subject. So, how long does it take?
How many lessons does it take for
someone to learn the basics of it? Uh,
not me because I I'll probably pick up
on it fast. I just don't remember all
the words, uh, the names of everything.
But if someone doesn't know anything at
all about trading
options, the longest it's taken any of
my people who lived here, a guy named
Sam, he was probably for about eight
weeks. Okay, so this is what I'm doing,
right? You know, and and if I help you,
you know, if if I teach you how to do
this, you can ask me questions anytime.
You you got my help. He doesn't bother
you. He doesn't. And how old was Sam?
Sam's my age, 50s, late 50s. I was
thinking maybe he's older. As we get
older, we get a little more cautious.
You know, we we treasure, you know,
we're on retirement. We treasure. We're
not not everybody's a millionaire that
comes over here. So, uh and here's the
big question. And how much do you charge
for the lessons? Absolutely nothing. Is
that incredible, guys, or what?
Absolutely nothing. He's been available
and I met him two years ago and said to
him, "Oh, yeah. I used to do options.
I'd like to do that myself." And now
it's I can't believe it's two years
later since I've met you. Yeah. Uh uh
you were at Ground Zero with the the
cute little at the time 19-year-old
uh 21. Was she 19 or 20? Oh, she was 21.
Okay. I I lied. cute little thing. And
uh uh and I said, "Oh, I'd like to learn
that." And I and I never even got back
with you. Two years now. Imagine where
I'd be today if I'd been doing it for
the last two years.
So, you can't You'd have a lot more
scooters in the driveway, that's for
sure, right? I wouldn't be needing
Carolyn does that, but I wouldn't be
needing scooter rentals, would I? Uh I'd
be probably talking to people more about
other than meeting other people, talking
about what they do. I'd be teaching
people how to trade, which actually
there are people on YouTube that do
teach you trading options. It's all
available out there. It's lots of
information available out there. So,
I'll be coming over. We're going to set
up a date and I'm going to take some
lessons. I'm sorry. How long do you
think it takes? Uh, how many lessons?
Um, or how long? I mean, how often? If
we sit down and since you got a good
idea, I mean, 15 minutes. No, seriously.
It's been a long time, man. I I remember
a few things. It might come back to me,
but it's been a long time and being
older. I'm going to be 69 in two weeks.
So, uh uh I'd like to do it again,
though, because now what are the hours
here? Because I used to get up at 5:00
a.m. in in Las Vegas because of New York
Stock Exchange. Are you exchanging on
the New York? Uh yeah, and the stock
market opens at 10:30 p.m. here. That's
a lot more doable. Yeah. Uh though I
might be tired. I could take a nap.
Okay. Well, when I do covered calls, and
that means when I own the the stock, it
seems like when the market opens on
Monday, that's the most optimistic it
will be at any point. 15 15 30 minute,
15 minutes. Yeah. First 15 minutes, five
minutes sometimes. Yeah. But because
threearters of the or 80% of the country
is still asleep, the only people are up
on the east coast and all that, you
know, because the market opens at 8:30
or whatever there. And so that's when I
do my my covered calls. Now, if I'm
doing cash secured puts, I'll I'll wait
until about 1:30, 2 in the morning to do
that because now you've got people in LA
who are awake. Everybody's digesting the
news. They wake up. Okay. And so I I
call it the bad times, but it seems like
from in the US it was uh 11:30 to 1:30
central time cuz I was in Houston.
um the market would start good, then for
that two-hour period, it'd go down a
little, and then like the last 20
minutes, it would go back up or
whatever. So, I said, I I do my my calls
early when I own the stock, and then
when I'm doing the puts, I do them
later. You know, you want to you want to
wait and let the price drop. Now, you
have to explain to people, they don't
know what a call or a put is, and they
don't know what a covered call is. So,
you have to give a little bit of
explanation of what you're talking
about. So the the covered call is when
you own the stock, you know. So, uh
that's where I'm making the deal with
the optimist. I'm selling the covered
call option and uh I'm doing it with an
optimist. Um my goal is to just get rid
of the stock. I put it up for the same
price I paid for it. I get a great
premium that week. I mean, if I make
five to 7% on my money, 7% in one week,
that's 360% annually. Crazy, right? You
know, in a week. Yeah. Times 50 52
weeks. So, come on. That's 364. Yeah.
So, you know, and but like I said, I
would much rather never own a single
share of stock, make my little 1.6 to 1.8,
1.8,
double my money after I reinvest. Yeah,
I don't like the idea of owning stock,
but that's if you have a lot of money,
you could do that. It does take a lot
more money to do that, to own the stock.
And you should always only do stocks
that you like and that you know. Now,
you got to explain a put and a call
because that's just a word. It doesn't
explain. Well, so the cash secured put
means I I'm putting up cash and I'm
making a deal to buy the stock if it
drops to a level. You're going to make
money on the drop. Well, I'm going to
get paid a premium, which like I said,
so say it's a $10 stock and I go down to
a delta that paid me 1.8% for that week.
You have to explain what a delta is. So,
you're talking terms that are way over
my audience. It's sorry. Um, you know,
I'm going down. I'm finding a strike
price. Say it goes down in 50 cent
increments. So, each 50 cent increment
you go down, your chances of getting
assigned or having to buy the stock are
uh gets lower. Okay? You know, so I try
to get down into the an 80 to 85% chance
where I will never own the stock. Well,
for each time you go down, the premium,
the money that I'm getting paid to make
the deal goes down because the odds are
are getting less and less that I'm going
to have to buy the stock. So, if it's a
an $8, I'm agreeing to to buy it for
eight and I'm
making 1.8% on my money. So, that'd be
we'll say either $9.50 50 cents or $10
per contract, you know, but still, you
know, and I'm dealing with large
numbers. Yeah. A lot a lot of contracts.
I'm not doing just one. So, a lot of
these guys, can they start off with a
th000 or $2,000? I know you said some of
your uh newbies uh start off with that
because a lot of the guys don't have a
hundred,000 to put into a market or even
a million. Um and I don't recommend it
anyway because you should start off
slow. Yes. Absolutely. Yeah. No. Uh, my
friend Cam who's been doing it, I taught
him right at the first of the year and
he came in, he's an Aussie and uh, what'
he put in? He put in 3,000
US and then just played with it. He'd
only do one contract a week. Uhhuh. Then
he got more comfortable with it and he's
doing two now. But, uh, you know, I
talked to him saw him yesterday and he
started in January. It was it was a
little after the New Year's, but he's up
23% year to date this January. Yeah. And
right now, while the market is a lot of
people are their portfolios are crushed,
he's sitting at 23%.
Yeah. Well, stock market did drop badly,
especially when with China tariffs, and
now it's come back quite a bit.
Obviously, there's a big there's a
there's a a big chance of gains either
way, right? Because the market you want
it's volatile. It's it's volatile.
That's what you want. So when a market's
volatile and you pick the right
direction, you could do very well. I
think right now is a tremendous buying
opportunity. A lot of things are down. So,
So,
uh, I may not get as aggressive to go
down to 1.8% on the puts. And you know,
instead of 10 going all the way to
eight, I might go to nine because if I
get assigned right now at nine, I think,
you know, you can go back every year and
find out how each month is in the market
and some months are better than others.
You know, April's traditionally bad, uh,
you know, and things will go flat here
and then it'll pick up again in August,
go pretty good into, say, mid November.
Then it'll drop a little bit and then
you get that little Santa Claus, right?
Push at the end of the year. Yeah, you
do always. January, too. January is
always like the first couple weeks into
January. January. Yep. So, uh, so you
spend a total of how much time? And
we're talking only Monday through
Friday. Uh, it's not open, the markets
aren't open on the weekend. So, uh,
Monday is your biggest day. Uh, your
most concerned day because it's over the
weekend. It things get announced over
the weekend. Yes. Which affect the
market Monday morning. Well, our Monday
evening. So, uh how long do you spend
say uh you said 15 minutes, but do you
spend more time on Mondays? Um that's
when I make my trades. Now, there's
things you have to pay attention there,
you know, when the Federal Reserve
meets. Uhhuh. And they meet, I think
it's nine times out of the year. That's
another thing that's killing the market
right now. Jerome Pal, I hate that guy.
He uh he's not dropping interest rates,
right? And now hopefully they will.
Hopefully they'll drop it at least 25
basis points on their next meeting, but
you have to pay attention to that. Every
Friday the jobs numbers come up, you
know, you got to look at that. And then
inflation, the job numbers come up after
the market closes as I remember. Yes.
Yeah. So it affects not on Monday.
Yeah. Because they purposely do that.
They don't want to affect the market on
Friday, right? But all these things
affect the markets on Mondays. Mondays
is your biggest day of concern, I'll
say. But but really that's all the time
that I do. Now I'll I log in to see, you
know, what the price is or something.
You can have it on your phone, too. I
forgot to mention that. Right. You could
have the same uh you could buy and sell.
You could follow the charts and
everything on your cell phone as long as
you have internet service. Yeah. Every
every brokerage has an app, right? So,
so yeah, I used to be able to follow it
throughout the day on my cell phone. And
now I put in uh when I did options only,
I put in stops and I did mostly calls,
not too many puts. How far would you go
out on your calls?
Would you go out months and then once
you hit a certain thing? I usually
bought for uh two months was give or
take a few weeks, two months. Longest
would be three months, shortest would be
one month. and I picked those dates and
then I I I' I'd put in a stop uh to get
me out without too much of a loss. So
now also you just said something that I
didn't think about. I sell cash secured
put contracts. I sell covered call
contracts. You just said you bought.
Yes, I bought. So there's two different
things. I know you sell. I bought. Okay.
I didn't do the puts. I I got a little
confused on the puts. It's it's it's not
in my nature to think negative. It's in
my nature to always think positive.
Okay? So, I pretty much dwelled on
things to go up, not things to drop off.
Okay? And you have you have to have a
reverse thinking and I don't I have a
hard time with that. I don't I I think
everything is positive. So, I look for
the positive, but you have to look for
the negative. Sure. On a put. Okay. And
and that's there's probably even less
people that do puts than they do calls
because of the same problem. Uh but
again though, like I said, I sell you
you said you bought. You can do both
things, right? You can buy a call. Yes.
I sell calls. Oh, okay. So, see, you're
doing something that I don't I didn't
do. So, I'm not I'm going to have to
learn something new. Yeah. What I'm the
two things I do are the two easiest
things to get approved of from a broker.
And this is
actually a lot of people are going to
blow their mind or are just go insane
with this, but there is no way you can
lose money selling a covered call unless
you sell the stock for less than you
paid for it. There's no way. Okay? If
you if you get assigned the stock at
$10, even if you sell it at the same
price, uh like you had give the example
of $8, you still get a percentage. I got
paid that premium. You got to pay paid a
premiums, which makes money, right? And
it cost you eight. You sold it for
eight, but you made got paid a premium
for doing it, right? Okay. I never did
that. And I never owned any of my stuff.
I only owned options. I never I never
had covered. Okay. So So you just owned
the contracts. you you and you would
that's why I said I never owned any
stock ever. I I only owned the option to
own the stock. I never followed through
with the purchase. So it and and it's
very interesting and there's a lot to
learn about this because there's a lot
of ways to do uh trading. Uh you know,
some people just buy stock. I I never
would buy stock. Every time I ever
bought stock in my earlier years, the
brokers always screwed me over. I'll be
honest with you. So, you know, well,
they're they're pushing you to buy stuff
that they're getting paid a commission
on. The biggest commission and it's not
necessarily the best stock and then they
churn your account multiple times and
they make a commission every time. Oh,
yeah. Yeah. Every time I gave money to a
stock broker, I lost money. That's why a
lot of people are going to be afraid of
stocks because they probably did the
same thing. But you are the broker.
Yeah. And the difference is you are
controlling the buy and the sell. You've
cut out the middleman. You've cut out
the guy that had the guy that has a
self-interest for his own pocket. You
are the one has a self-interest in your
own pocket and you're dealing with your
money. I really appreciate that. I'm
looking forward to it. Now, um is there
anything we missed? Um anything you
think of
on on stock on stock options? Um no,
like I said, the these two things are
the the easiest to get approved for. I
mean, right away, even with no
experience, any brokerage will give you
permission to do covered calls. Cuz like
I said, as long as you're not an idiot
and sell the stock for less than you
paid for it, you can't lose money.
They're only cover they're only the
brokers. The only reason why they won't
let you do everything is because they're
CIA. They don't want to be in trouble
for you take them to court and say,
"Well, he allowed me to do this, this,
and that, but I didn't know what I was
doing, and it should he should have
advised me." Of course, that's stupid,
but in the US, everybody sues for every
reason. Oh, yeah. So, they really are
just a CYA situation. And they have
levels, half a dozen levels of being
able to do, you know, different types of
And you can lose everything if you don't
know what you're doing. Yes, you can.
You know, and then that's why I only did
10% of my portfolio until the end when I
went about 75% because I was doing so
well. Uh, but it made me really nervous.
So, we'll see if I have the the guts and
the gumption to do this. I'm going to
learn it. start slow. And is there a
particular stock, anything that you're
interested? I've been out of it so long.
Yeah, it I never really cared about the
stock and I know you said earlier you
should pick one that you like, but I I
let the analytics decide which stocks
were the best. And they would look for
volatility. They'd look for other
things. uh you know uh the fi the fiscal
year uh if there's going to be a new uh
CEO or things like that uh or weather
situations they look at those kind of
things you know something that would
affect the stock that's another thing
I'm glad you brought that up that you
should pay attention to is earnings the
earnings date
that happens every quarter and a lot of
times it's best to just leave that alone
on that week yeah you know yeah because
you never know where it's going to go
and sometimes they'll give earnings to
their stockholders
at a detriment to your the value of the
stock, you know. So, yeah, there's a lot
to learn. Um, so I'm going to I'm going
to try to get into it. So, I found it
very interesting because I'm a numbers
guy. You have to know math, by the way.
Oh, yeah. If you're not good at math,
forget about it. You have to do math.
And, uh, and I'm I'm a math I'm a
numbers geek. I play with math, believe
it or not. I That's why I like
blackjack. I like counting cards. I
liked uh you know figuring out what
everybody had and how many you know how
many uh number 10 cards would come up uh
10point cards things like that how many
aces were left in the deck things like
that so I used to I like I like math I'm
really fast with math but you may be
faster because you've been doing this I
haven't been doing it in a long time uh
but I'm looking forward to it now let's
get on to uh you've been you just to ask
a question how many years have you been
trading alto together
I started in 2020 20 January of 2020.
Okay. So that really not that many
years. And and what made you start? Um
was it January? You said you got
yourself taught, but what would what
besided that? Well, what happened is and
uh some of you guys that are watching
may remember this, but they had this
group of guys, young guys called Wall
Street Bets. They had the little Trump
logo guy. And what they were doing is
Okay, so hedge funds. Yes. like what
Warren Warren Buffett, you know, he's
got Birkshire on that. Well, what a
hedge fund will do a lot of times is
they will start talking bad about a
company and short it. And what what they
do is they borrow a bunch of shares of
stock, like millions of shares of stock.
Say it's a $10 stock. They borrow
millions of shares, sell it at $10. Then
they talk bad about the company. The
stock drops down to $2 a share. They
repurchase the borrowed shares, pay it
back at that, making $8 a share, right?
That's what hedge funds do and it's a
terrible thing. Well, these young kids,
I think it was 2020, uh there were a
couple things, well, no, it was during
CO, so it had to be at least after
March, but GameStop,
uh AMC movie theaters, a couple of
others were being
shorted. And so these kids just came in
and said, "Screw you hedge funds." They
started buying the stock, making the
price just go up. Now all of a sudden,
the hedge funds are like, "Oh crap."
Because they got to pay back those
shares that they borrowed, right? At a
fair price. And so next thing you know,
they're these guys are getting GameStop
over a hundred, $200 a share. And these
hedge funds, they cost one hedge fund
over $2.4 billion billion. They had to
borrow money from another hedge fund. Oh
my god. But by the time I got into that,
everybody was doing it. you know, when
my little Vietnamese hairdresser is
telling me about it, you know, it's too
late, you know. So, I didn't make any
money. Okay. And it's like, okay, well,
I didn't make any money. Then I went
like I I did the route that you said,
you know, I looked at day trading. I
like numbers and and everything, but I
was just too much work, too much risk.
Yeah. Minute trading, day trading,
forget it. Yeah. And then uh went to
swing trading and did well in that. And
the stock market was really good during
COVID cuz everybody was getting the
stimulus checks. So, everybody had
money. They're they're buying stocks
were going up. It was great. And
uh while I was looking at it, one of the
stocks that I owned
uh somehow like a a a video came up on
options for YouTube.
What's this? you know, watched it and
then found out that I could do a covered
call on the stock that I owned. Now, the
one that I had at the time wasn't very
volatable volatile and I wasn't doing it
weekly. I was doing it monthly, but I
was making 4% a month on it. An
additional 48% on top of whatever the
the stock did. That's not bad. And then
I started finding about, you know, the
volatility pays better. Yes. And that's
gotten me to where I'm at now, you know,
and and uh there was a time there where
I got really greedy. Like I said, I'm
sitting on about 40,000 shares of some
stock right now because that's some big
money. I I didn't go down far enough.
That's some big money. Yes. You have to
be I I I don't know if I could do that.
That's really big money. So that's
lifetime retirement money. Yes. Okay. So
So that was greed that caused that. I
didn't go down far enough on a on a
price. Uhhuh. you know, I just went down
from say 10 to 950 and then say I got I
bought that then the market got slammed
and goes down to five. So now I'm barely
making anything. Now I'll still push
things. Um like I said, some of these
stocks I couldn't even get a cover I
couldn't do a covered call contract. No
one would pay me my cost on that because
I'm down. Oh, okay. But what I'll do is
I'll I'll just go up
enough and I'll go up maybe
four four rungs up the ladder and I'll
do a covered call for that. But then
when I do that, I really have to pay
attention because if it does take off
and I have to sell that stock, which
could happen with the volatile stocks
that I have, then I take a loss on it.
Okay? But the good thing is you can
either close out your contract, which is
going to cost you money. If it spikes
like that, that is going to cost you
more than you got in your premium. I
assume you probably did that in the
beginning, four years ago, five years
ago when you started. Yes. But but since
then, you've learned not to do that.
Yes. And that's what I teach everybody
to do now. Yeah. Purchase it. Sell it
for what you got into it and make that
small amount of percentage. The guy was
just telling you about CAM. He got
assigned stock on the week of April 7
when the tariffs got uh imposed. and he
had to buy the stock at 950 a share. It
dropped down to uh it got down to like
710 something like that.
Now the stock
price you don't lose money unless you
sell it. That's right. You know it's
you're down on paper about losing money
but it's just you didn't lose it till
you sold it. Okay. Exactly. So, he just
held on to it, but he was still, it
didn't drop far that far to where he was
still able to make a deal for the 950
that he paid for it and was still
getting paid a premium. Well, it's since
come back and uh as a matter of fact, he
uh he he had it up this week for 950 and
I think it it closed at
9:42. So, again, next next week he'll
put it up for 950 again and get that
huge out of it. Yeah. And hopefully sell
it, go back, but he's going to get a
great premium, 5 to 7%. Oh, okay. So,
it's a higher premium. Yeah. Because
he's right basically right at cost right
now. So, so that's going to pay a lot.
All right. I'm going to tell you what,
we're going to have you come back uh and
I'm going to report how I did. It'll
probably be a month or two. Okay. But I
am going to give it a shot and try. I
appreciate you coming on. Sure. Um and
then I'll we'll follow up in a month or
two. Again, I doubt if anybody would
stay this long, but if you guys stayed
this long to listen to this much, more
power to you. I appreciate it. Um,
anyway, Kevin Tucker, uh, if you need to
get a hold of him, I'm going to add his
Do you mind people getting a hold of
you? Uh, do you do you want to answer?
No, probably not. It does take time.
People contact me a lot. Well, yeah.
And, you know, I don't mind teaching one
or two. I've actually had as many as six
people at one time. That's a lot. That's
a lot to teach. But well, get a hold of
me and then when you get over here,
we'll discuss about you possibly, you
know, because he doesn't want to answer
a million questions to people like I do.
It's a lot. You can put it in comments
and ask me questions and stuff, but uh
when you get over here and you want to
get a hold of Kevin, I'll I'll ask Kevin
first if it's okay. Yeah. All right.
Once I get over here, Yeah. I'll give
him a messenger and all that. I'll be
your in between guy. I do that with
Paul, too, because Paul has so many
people that want to talk to him and I'll
say, "Just talk to me. Come over and
visit. Talk to me." Paul appreciates
that. Uh he comes on Wednesday uh
mornings here, which is I saw the the
one y'all just did. Yeah. And
unfortunately, we my computer was so
full of stuff it
froze. I had so many things running in
the background and even though I have a
terabyte hard drive and I have a a a
multiple CPU, 14 I think there's 14 CPUs
in this thing. I had so much on it. So
yesterday we had to clear out thousands
of files, literally thousands of files
because it was freezing up. So our our
normally our twohour was cut down to an
hour and 8 minutes. I think it just
froze and we couldn't see we couldn't
see us moving. We couldn't see anybody's
questions or anything. Why we going to
continue with we can't continue with the
live, you know? We don't know what to
answer. What we talked about for a
little bit then we kind of laughed and
then we and then when I went to go shut
it off, the laptop wouldn't shut off. It
wouldn't stop the live. It was pretty
funny, you know. I tell you what, how
about this? After you get in it for a
month or so, if you want to do a live, I
can answer questions there. Okay, cool.
And we can go over your results and
everything. That would be better. Yeah.
A live. All right. Thank you very much.
Sure. Appreciate it. Thank you everybody
if you studied this long. Uh it was uh
very interesting actually. I'm looking
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