$CSI China Internet ETF(KWEB)$ 

A quick update on a Wheel Strategy that was working thru on KWEB. The Put Option with the strike of $30 was sold about a monthish ago was just assigned last Friday when the stock price dip below $30. Have decided not to roll the Put Option as the closing wasn't too far off my strike price, thus realizing 100% of the profit from the premium collected from this Put Option

After the assignment of the underlying shares, the next step in the Wheel Strategy is to sell a Covered Call option on the underlying shares. KWEB has since been trending around +-$28. kind of waiting for the price to head back up a little... hopefully around mid $29before selling a Covered call option and will collect a slightly higher premium then what it is now. Planning to sell around a strike of $32 depending on the momentum of the trend.

Will update again when managed to have a Covered Call underway.

@CaptainTiger  @Daily_Discussion  @TigerStars   

# 💰 Stocks to watch today?(18 Apr)

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