The day before expiration trader sells a 10 delta out of the money SPX put (about 60 points away of the current value) and buys the next strike...
I am revisiting the Wheel strategy. I have $200,000 invested on SPY. If I use the WHEEL approach, selling cash secured puts at 15-20 delta and...
I am doing it with stocks I am comfortable to hold if assigned. Do you use any specific searches or calculators?
Anybody is using the wheel? I am doing it very lightly and it seems to be a minimum stress trading strategy. Any ideas of how to maximize...
Do I have to look for covert covered calls now?
Happy New Year
I learn from books and others and then I use the knowledge I get in my own way.
Yes, I agree. I should have said that in a zero sum game somebody has to loose in order somebody else to win. In my understanding Kirk is saying...
I understand that if this is a zero sum game there is no way to beat it. Kirk at Option Alpha talks about IV's Over Expectation, Managing...
Those are good staff glai!!! Assuming that you have a reasonable edge, using only 40%-50% of your portfolio and allocating a small portion on...
so much negativity without supporting it.
I am not getting offended but can you explain the risk you are talking about?
For now i use about $40k writing covered calls and/or write cash covered puts for something i do not mind to own. Sometimes i do index vertical...
no way
Thank you
Got it. I will stick with Ameritrade and I am considering to open a small account with tastytrade.
I heard about Robinhood, it does not attract me. I am educating myself on thinkorswim, option alpha and I like presentations of tastytrade. I...
Agree, will take it slowly
Nobert, Can you please elaborate on "master this craft"?
I will sell cash covert puts to re-establish the SPY position. I think they name this "wheel strategy"
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