Wealth and Health Podcast

Episode: Money Talk with Rashad: The Truth About His Options Strategy?
Date: February 15, 2026
Host: David Jaffee
Guest: Rashad

Overview

In this episode, David Jaffee reviews and critically analyzes the options trading strategy presented by Rashad, a self-proclaimed full-time options trader. Rashad reveals his approach for generating “guaranteed” weekly and monthly income using option-selling—specifically focusing on strangles with equities and leveraged ETFs. David provides real-time critique and commentary, questioning the profitability and safety of Rashad’s strategy and the authenticity of his financial success claims. The episode delivers not only a discussion of technical trading strategy but also touches on themes like financial transparency, motivations in the online trading education industry, and the realistic expectations for retail investors.

Key Discussion Points & Insights

Rashad’s Background and Claims

[01:12 – 02:32]

• Rashad introduces himself as a full-time options trader making "multiple six figures a year" and credits option trading for his financial independence.
• He positions his wealth as both financial and spiritual, referencing a desire to eventually "bless anyone at any time with anything."
• Rashad claims his journey started by aggressively saving while working for $10/hr, enabling him to open a restaurant, but the pandemic necessitated a pivot to options trading.

Quote:

“Options have been a huge blessing to me throughout the last five years... It has allowed me the ability to do what I want, when I want, with who I want, for how long I want.”
— Rashad [01:40]

David's Skepticism

[01:26 – 04:05]

• Right from the introduction, David expresses major doubts about Rashad’s trading profitability, suggesting the majority of Rashad's income likely derives from selling education/courses.
• David critiques Rashad’s invocation of religious sentiment as an attempt to build trust and likens it to other marketers’ tactics.
• Challenges Rashad’s definition of wealth and presents a "test" for listeners: email Rashad and ask for free access to his premium membership—doubting Rashad would honor such requests.

Quotes:

“I think that the majority of his money comes from his community and maybe he's not a profitable trader, but I could be wrong.”
— David Jaffee [01:26]

“If his goal is to bless anyone at any time with anything... email Rashad and see what he says. In my opinion, Rashad is full of shit.”
— David Jaffee [02:55, 13:12, 20:40]

Hard Work & Purpose

[04:28 – 05:01]

• Brief moment of agreement from David, who stresses the importance and dignity of hard work, countering cultural attitudes that devalue labor.

Quote:

“Working hard is really important... especially if you enjoy what you do, or at a minimum, if you don't hate it, then it does provide you with a sense of purpose.”
— David Jaffee [04:28]

Rashad’s Options Strategy – Short Strangle

[05:12 – 14:50]

• Rashad advocates selling options (puts and calls) rather than buying, to generate reliable income—preferring strategies where he collects premium.
• Explains the short strangle: selling both a put and a call on the same stock with the same expiration.
• Example: If AAPL is at $175, sell a $165 put and a $185 call, with 30 days to expiry.
• For smaller accounts, suggests using leveraged ETFs (e.g., TQQQ, UPRO) rather than large cap ETFs (QQQ, SPY), due to their lower price points.

Quotes:

“Most people use option buying strategies in the wrong way... 95% of traders do not make money. That's because most of them don't trade in a way that increases their probability of profit.”
— Rashad [05:12]

“Option sellers are smart and option buyers are dummies... That's a very amateur way of looking at things.”
— David Jaffee [07:39]

Important Segment: Demo of Short Strangle on QQQ

• Timestamps: [08:17 – 14:50]
• Rashad: Step-by-step walk-through choosing strikes based on delta and expected move, targeting 30-day expiries.
• Uses example: Sell the $500 put and the $550 call on QQQ for $548 premium per contract.
• Exiting: Take profits at 50–80%, or, if assignment risk increases, buy 100 shares to convert into a covered call.

David’s Risk and Performance Analysis

[06:07 – 17:34]

• David explains mixing buying and selling options is crucial; exclusively selling options exposes traders to market underperformance and high tax rates.
• Warns about account blow-ups during volatility expansion events, especially if using margin.
• Notes that rolling deep-in-the-money calls is not always possible or effective, and that using leveraged ETFs dramatically increases risk—brokers may require more margin.
• Criticizes Rashad’s capital requirements: The strategy is impractical for smaller accounts due to buying power constraints.

Quotes:

“You need to use both [buying and selling]. Because when you sell options, ...if you're using margin and volatility expands, you're probably going to end up blowing up your account.”
— David Jaffee [06:07]

“For him to suggest using leveraged ETFs, I think is very dangerous and very negligent.”
— David Jaffee [09:35]

How to Manage Trade Exits

[14:50 – 18:52]

• If assigned on the put, Rashad is “fine” buying the underlying; if the call gets challenged, he suggests buying stock to cover the short call, converting to a covered call.
• Alternatively, acknowledges using a stop-loss at 3x premium received.
• David fiercely critiques the "buy to cover" approach as capital-inefficient and exposes the trader to downside with capped upside.

Quotes:

“That’s really foolish. ...If you’re selling the put [at $500] ...and have to cover the call, you basically need an account over $100,000... for $500 a month?”
— David Jaffee [16:26]

“Better off just taking the loss.”
— David Jaffee [18:33]

TQQQ Example for Small Accounts

[19:19 – 20:36]

• Rashad proposes selling a strangle on TQQQ for smaller accounts for $200 premium, with similar exit strategies.
• David notes the contradictions: Rashad only demonstrates, never actually enters trades, and says these ETF trades are "not really that much money," again noting you'd be better off holding the ETF for total upside during a bull market.

Notable Quotes & Memorable Moments

• David on Religious Manipulation and Transparency:
  “They invoke God... as a way of building trust with his audience,” challenging Rashad’s sincerity [02:05].

• David's “Blessing Test”:
  “Please email Rashad and ...let me know what he says. Because I want to make a follow-up video because in my opinion Rashad is full of shit.” [02:55]

• Rashad on Wealth Goal:
  “When that happens, that's when I know that I'm wealthy... because I can bless anyone at any time with anything.” [02:32]

• David Shutting Down the Strategy:
  “This strategy dramatically underperforms, and in my opinion, I don't believe Rashad outperforms the basic index.” [16:26]

Important Timestamps

| Timestamp | Segment/Topic | |-----------|-------------------------------------------------------------------------------------| | 01:12 | Rashad's introduction and wealth/faith story | | 02:55 | David proposes "blessing test" for Rashad's course access | | 05:12 | Rashad explains philosophy: selling options for income | | 06:07 | David’s counterpoint: Risks of pure option selling | | 08:17 | Short strangle example walkthrough (AAPL/QQQ) | | 09:35 | Leveraged ETFs critique (danger for small accounts) | | 13:12 | David reiterates the "blessing test" and skepticism | | 14:28 | Rashad demo: selecting strikes, showing P&L chart for QQQ strangle | | 16:26 | David assesses risks of "covering" call by buying shares | | 18:33 | David explains why using stop-loss is better than covering the call | | 19:19 | TQQQ example for smaller accounts (walkthrough, hypothetical, no actual trade placed)| | 20:40 | David’s closing thoughts, calls for feedback/”blessing test” |

Conclusion & Takeaways

• Rashad outlines a straightforward, high-level short strangle options-selling strategy, recommending its use on broad ETFs and leveraged ETFs for income.
• David systematically deconstructs the logical and practical weaknesses of this method, heavily warning of risk, capital inefficiency, and the likelihood of underperforming the stock market.
• The episode serves as a cautionary tale for retail investors to scrutinize the trading educators they follow, look for transparency (such as actual trading proof), and understand the full risk profile before adopting “guaranteed” income strategies.
• Both guest and host agree on the value of hard work but sharply diverge on the best approach and philosophy for building sustainable wealth through trading.