Hacks for options wheel
Trading the options wheel strategy? Sharing some hacks / tips that I have learned through personal experience
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Successful investing is about managing risk, not avoiding it. DYODD
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OceansWave : Bro, shared some inputs on what other videos that you can do for Options wheel strategy
Cow Moo-neyOP OceansWave: Oh, where did you share it?
OceansWave Cow Moo-neyOP: YouTube comments
Cow Moo-neyOP OceansWave: Oh just saw. Not sure why YouTube didn’t send me a notification. Thanks for the great feedback! I’ll digest them and see how I can incorporate in future videos
OceansWave : Commenting from a point of a beginner… would be great to share how beginners can start using options strategy with a small capital and slowly build up
Cow Moo-neyOP OceansWave: Ohh this is a good idea actually!
OceansWave Cow Moo-neyOP: Many beginners starting with options wheel strategy may panic at times like I did in the past when strike price hit but have like 2 weeks of expiry time to wait… additionally selling covered calls can also help to min loss when they holding on to 100 shares of a stock when it’s going down..
These will help beginners to be more confident in using options wheel strategy to max potential.. I am using it like sell covered calls for my Pltr.. price ain’t going up or down, but time decay is helping me to cover some of the minor dip in price over time
LoneWolf83 : What are the few stocks you would recommend to do this strategy? A higher volatile stock gives higher premium.
Cow Moo-neyOP LoneWolf83: I can’t offer recommendation, but I can share that I mainly wheel on Tesla, Apple, Google and occasionally Microsoft