Find the right stock to wheel

2022-03-23

Find the right stock to wheel is half the battle won in options trading. For me, I have found consistent success in wheeling SOXL and RIOT.First, you start off with cash secured puts on a red day for 1 - 2 weeks. If shares assigned to you, start selling call options on a green dayfor the same tenure. It can get boring after awhile but it makes consistent profits.[Miser]

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Comments

RandyHall
2022-03-24
RandyHall
I think the most important thing for investors is to find the time point for buying and selling.
BurnellStella
2022-03-23
BurnellStella
Can your approach provide you with a steady stream of profit?
PandoraHaggai
2022-03-23
PandoraHaggai
Haha I found out that I am not suitable for trading options at all.
MichaelPerez
2022-03-24
MichaelPerez
Can you elaborate on how to find a good stock
EvanHolt
2022-03-23
EvanHolt
Looks great, I'll try this strategy next time.

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