How to Trade The Wheel
The Safest Way to Trade Options
Sell Cash Secured Puts and Covered Calls
Collect Premiums, Reinvest Dividends, Capture Capital Gains
(I called this process "Trade Management" before I knew other people were calling it The Wheel!)
Part One:
What is The Wheel Strategy?
Start here! This video introduces the basics of The Wheel Strategy, including how it works and why it’s so popular among income-focused investors.
Part Two:
Profit on Both Sides
Sell puts low, sell calls high and position for capital gains.
Learn More:
"Trade Management for the Not-So-Novice Investor"
(I called it "Trade Management" before I knew everyone else called it "The Wheel.")
Find detailed information in these books:
📕 The Novice Investor’s Guide to Stocks, Funds, and Options
📗 Beginner’s Guide to Safe Options Trading
Part Three:
Roll or Accept Assignment?
With a put and a call expiring near the money, we examine a real NVDA trade, decide whether to roll or take assignment, consider tradeoffs and calculate the breakeven point.
Part Four:
The Double Ferris Wheel
See how to trade The Wheel on both sides and collect income four ways: from puts, calls, dividends, and capital gains. The good news? Both options can’t go in the money at the same time!