The Wheel Strategy

A lot of people are talking about this strategy. I have seen my friend doing this. He is getting about US$2000 per month currently. 


I intend to try out soon also.

Below is a website I found.

Just be careful when applying. As different people use different strategies and also their risk appetites are different 

https://seekingalpha.com/instablog/1046492-markus-heitkoetter/5562174-trading-wheel-options-strategy-3-reasons-why-lose-money-this-strategy?source=acquisition_campaign_google&utm_source=google&utm_medium=cpc&utm_campaign=17125379236&utm_term=135003782766%5Edsa-1485125212058%5E%5E595907318368%5E%5E%5Eg&internal_promotion=true&gclid=EAIaIQobChMI1YCC9afu-QIVwZJmAh2OJwtCEAAYASAAEgLvfvD_BwE

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  • 88wlam88
    ·2022-08-30
    It works sometimes, but at time with a steep gap down, one might get atuck with the counter for sometime before recoevry
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    • 88wlam88
      Yes, selling at a lost is an alternative not to hold on to the stock, hopefully the prenium from the call option is enough to cover the difference
      2022-08-30
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    • Bioman21
      Just wonder if can just sell immediately. May lose some money. But at least will not hold on to the stock
      2022-08-30
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  • daz888888888
    ·2022-08-30
    Ill burn oil on your Wheel and warm you up in oven so your stock will explode upwards
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    • Bioman21
      Haha
      2022-08-30
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  • Goupppppppp
    ·2022-08-30

    risk or opportunity?
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    • GouppppppppReplying toBioman21
      😅
      2022-09-02
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    • Bioman21
      Risk or opportunity depends on one’s appetite. Once greed comes to play. High chance to lose more money ultimately
      2022-08-30
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  • Doge2theMoon
    ·2022-08-30
    Please update. I read about it too
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  • procenna
    ·2022-08-30
    best
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  • AndyAi
    ·2022-08-30
    ok
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  • AiAi
    ·2022-08-30
    Ok
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  • Enenen
    ·2022-08-30
    g
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  • WR38
    ·2022-08-30
    okie
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  • Enenen
    ·2022-08-30
    f
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  • 3nn
    ·2022-08-30
    Hmmm
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  • Tigaa
    ·2022-08-30
    okk
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  • coffeeteaboy
    ·2022-08-30
    Ok
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  • Ong2ah
    ·2022-08-30
    Ok
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  • 1Robo
    ·2022-08-30
    ok
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  • och
    ·2022-08-30
    k
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  • AiAi
    ·2022-08-30
    Ok
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  • RChia
    ·2022-08-30
    like
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  • Sureshmaghi
    ·2022-08-30
    lkp
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  • Ck38
    ·2022-08-30
    Ok
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