SOXL is one of my favorite ETFs to run the Wheel Strategy on:
🔹 High liquidity
🔹 Juicy option premiums
🔹 Lots of volatility = opportunities galore 💸
Wheel strategy = “Get paid to wait” ✅
1️⃣ Sell puts until assigned
2️⃣ Collect premium + pick up shares
3️⃣ Sell covered calls on those shares
4️⃣ Repeat & spin the wheel 🎡
Not financial advice, but this ETF definitely keeps the wheel rolling! 🔥
| Side | Price | Realized P&L |
|---|---|---|
| Sell Open | 1.55 | -- Closed |
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- DeltaDrift·09-01Just a bit too volatile haha, and bullish in this is actually difficult since there’s value decay..LikeReport