Sell Put Options – 80% Rule (Take Profits Explained)

👉 Do you trade call options & put options, specifically, as an option seller? If so, do you know when, or have a concrete plan, to buy them back to lock in gains? As option sellers, we have a specific rule for when we take profits. It's called the "80% Rule", and it works great! ✅ In this video, we'll walk through an example of how the 80% Rule works, and how to apply it to a put-sell trade on SOFI. Amazing! Don't forget to subscribe! Help me reach my 50,000 goal. 🔗 Mentioned in the video: ✅ FREE options trading e-book: https://bit.ly/39sioyZ ✅ 5-Part Video Series - Sell Put Options Like A Pro: https://bit.ly/3uDGhOt ✅ Flagship Put-Option Selling Newsletter: https://bit.ly/3Ec4UmV ✅ Flagship Put-Option Credit Spread Newsletter: https://bit.ly/3sqsslq ✅ One-On-One Coaching Service: https://bit.ly/3Yp5De5 ✅ Ride The Coattails Of Warren Buffett (A Best-Seller!) - https://bit.ly/3L0cMtY 🔗 Other helpful resources below -- Smart Option Seller website: https://www.smartoptionseller.com/ Know Your Odds! Probability Calculator: https://bit.ly/3qMd95P Great books I recommend: (Affiliate links are used when appropriate and I may earn a commission!) Get Rich With Options (My Book!) - https://amzn.to/3IWs1F4 (Amazon) 7 Chart Patterns That Consistently Make Money - https://amzn.to/3WKa2rb (Amazon) Charting Made Easy - https://amzn.to/45Jr2Se (Amazon) Options As A Strategic Investment - https://amzn.to/3XuiY45 (Amazon) Option Volatility & Pricing - https://amzn.to/44YOn1H (Amazon) Gone Fishin' Portfolio - https://amzn.to/4igXfFD (Amazon) Brokers to consider: Interactive Brokers - https://bit.ly/3HlbSaM Tradier - https://bit.ly/44qQxJh Option Scanners: Option Samurai - https://bit.ly/3M7SIYu Option Alpha - https://bit.ly/4cDb1Q9 ORATS - https://bit.ly/4elOQ22 Great websites I use: Finviz - https://bit.ly/3N4umyM Market Chameleon - https://bit.ly/3JsBLqM Barchart - https://bit.ly/3NI18Gh Option Strat - https://bit.ly/46038l7 Trading View Charting - https://bit.ly/3s1aXsk Full list of other helpful links - https://bit.ly/3EeoUWo Twitter:   / smartoptseller   Facebook:   / smartoptionseller   DISCLAIMER: This video is for educational purposes only and should not be construed as financial advice or a recommendation to buy or sell any security or investment. Consult with a professional financial advisor before making any investment decisions. DISCLOSURE: Some of the links in this description lead to products & services I regularly use and think you might find helpful. Wherever possible, I use referral links, which means if you click one of the links in this video or description and make a purchase, I may receive a small commission or other compensation. As I'm part of the Amazon Associate program, I earn from qualifying purchases.