🚨 USING AMAZON [AMZU] MY Cash-Secured Put Alternative: $2,626 a Week!

Tickers / Instruments Mentioned

• AMZU (2x leveraged Amazon option/covered-call vehicle discussed)
• Amazon (AMZN) (underlying reference for the AMZU move)
• GOOGL (Alphabet / “Google”)
• Eli Lilly (LLY)
• LABU (3x biotech credit ETF)

Sector / theme references

• “Magnificent 7” / “Big Seven” (not fully enumerated; AMZN/Amazon, GOOGL, and LLY are explicitly referenced)

Options/tactics mentioned

• Cash-backed puts
• Covered calls
• XDTE / RDTE / QDTE (referenced as “dividend deals” in the talk; exact usage/tickers not specified)

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Core Methodology / Framework (Covered Call for the Poor)

The speaker describes a rules-based options approach designed to generate recurring premium without directly buying the underlying stock.

1) Position structure (2-leg idea)

• Do not buy the underlying stock outright
• Buy a long call
  • Described as a ~1-month “LEAPS-like” structure (the speaker notes LEAPS are typically longer, but uses this shorthand).
• Sell short-term covered calls against that long call
  • Purpose: generate premium cash flow while managing the deal toward a target outcome.

2) Deal “take-out” / target strike

• The position is held to a predefined strike-price “take-out” level.
• The goal is for the options to be assigned/closed at the target strike so the trade ends normally.

3) Closing rules

• At deal end, the speaker describes closing both legs:
  • The long-call portion and the short-call portion
• Mentions buy-to-close behavior on winners (i.e., closing the short call when appropriate).

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Entry Timing Rule: Keltner Channel (Single-Indicator System)

The speaker emphasizes using the Keltner Channel to avoid bad entries.

• Do not enter if price is above the upper Keltner band
  • Rationale: avoid “getting left with assets in hand.”
• Enter / accumulate when price is at the lower Keltner band
  • Rationale: expectation that price mean-reverts toward the middle of the channel / roughly a 20-day trend line.

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Risk & Behavioral Rules

• Keep the system “simple” to prevent quitting.
• Trade through drawdowns
  • Options mark-to-market can show unrealized losses even if the strategy intent remains intact.
• Avoid buying at peaks
  • The speaker criticizes strategies that tell investors to buy at tops and then offer little guidance after declines.

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Performance Metrics / Cash-Flow Claims

Weekly results (examples mentioned)

• $36,000 (week ending Sept 18, referenced as a Friday expiration)
• $33,000
• $18,000 (“golden week” reference)

Ongoing premium revenue track

• Approaching $1 million combined premium revenue from:
  • covered calls
  • cash-backed puts

“Gold sales” definition

• “Gold sale” = $10,000+ in a week
• Claim: many weeks in 2026 meet this threshold (presented as a chart-based qualitative reference).

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Key AMZU Trade Setup (Numbers & Plan)

Timing / duration

• AMZU viewed as attractive near the lower end of its range
• AMZU trading reference: ~$35.62 (as of Sept 19)
• Approx. timeline: about 30 days to Oct 16 expiration
• Deal duration described: 31 days for the active Amazon/AMZU position

Strike & target reasoning

• Plan: sell covered calls with a $37 strike
  • Expiration: Oct 16
• Rationale:
  • Holiday demand could push price toward $37
  • If not, expectation is sideways movement around the lower area

Contract sizing

• Added 20 more contracts to an existing position
• Total mentioned: up to ~70 contracts

Premium targets / weekly math (explicit figures)

• Total premium cited for the AMZU deal: $10,150 (described as “just for the premium”)
• Converted to a weekly figure:
  • Approximately $2,600/week across 9 weeks
  • The narrative includes some inconsistent phrasing, but the headline estimate is roughly ~$2,626/week

Closed-deal outcome example (Amazon/AMZU)

• Prior Amazon-related deal outcome:
  • “A total of $7,000 was earned.”
• Exit described:
  • write a covered call
  • then buy it back and close the deal

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Additional ETF Example: LABU

• LABU side example described as:
  • Premium “supposed to bring”: $5,100
  • Deal end: next week
• Price/timeline anecdotes:
  • LABU “traded even at 350,” then dropped to the “bottom”
  • Speaker mentions cost price $268 and that LABU is “trading pretty well right now”
• Performance claim:
  • “over $200,000 on LABU this year alone”

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Other Ongoing Positions Mentioned

• Eli Lilly (LLY): open deal mentioned, but no trade numbers provided
• GOOGL: open/mentioned deal, but no trade numbers provided
• Another planned trade:
  • “Another trade on MAG 7 stock this Monday”
  • Speaker mentions sending a letter to members (no specific ticker given in the snippet)

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Explicit Recommendations / Cautions

Recommendation

• Use AMZU with the described framework
• Aim to enter near the lower Keltner band
• Use a “set it and forget it” style for 30–31 day deals

Cautions

• Avoid entry when price is above the upper Keltner band
• Avoid “hope and pray”
  • Criticism is directed mainly at dividend-only buy-and-wait and at buying at peaks
• Expect and manage drawdowns during option strategies

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Disclosures / Disclaimers (As Presented)

• No explicit “not financial advice” disclaimer was shown in the provided subtitles.
• Marketing/membership notes:
  • Mentions membership and a free month offer
  • Mentions participants can “copy” deal identifiers (community feature implied)

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Presenters / Sources

• Presenter: the main speaker (name not provided in the subtitles)
• External sources: none explicitly cited in the subtitles