...Is there a quant forum? This should be shared in the quant forum to show them that they are wasting their time trying to reinvent the wheel. :)
I looked into selling puts but the premiums are cheap af. If it rallies you have a long vertical call spread to cover the amount of shares you are...
No doubt he has some cognitive disabilities .. Simple Math is always off,and his reasoning is challenged..
...like early-onset frontotemporal dementia. Short a put strike under your short target. At least there is actual PNL involved in your wheel...
I laugh at all the youtubers who talk options and swear by the wheel strategy, they claim it works and that you can generate constant profits....
...puts and then taking ownership of the stock and then using the wheel strategy is all options traders who sell puts on YouTube talk about...
Brooks is actually teaching traditional technical analysis. he is definitely not reinventing the wheel
I could own actual garbage if I manage my risk by allocation size.
...and that is because you think it will go in that direction. The wheel strategy is simple to understand, if you are doing anything else, then...
Ooohh so I got to name it? :) How about the weighted wheel strategy. Since it is weighted directionally. Any other suggestions?
you are not doing the wheel then. The wheel is for people who want income as they are not good at directional trading.
No...this is a strategic trade. Probably not suited for directionally challenged. The idea is to collect the maximum premium possible by selecting...
You are doing the wheel strategy as advertised. You sold puts and were wrong and took delivery. You are selling ITM calls to get flat. You then...
What is the strategy if market continues rising? The wheel is for selling naked options.
You should be selling options itm and let price come otm for max premium. Selling the AUG30 16.50 call today @ 2.08 [ATTACH] BREAK EVEN...
Isn't that what I just demonstrated? Cheaper by lowering your with premium AND yes cheaper by price. :)
let's wait until he figures out that stock purchases can be cheaper by selling puts. He might reinvent the wheel XD
Yes, he's previously said he has a Cook. I bet even The Great @Overnight doesn't have Servants!
Padu’s rich. He burnt +200k on the trading wheel
What happens if after getting assigned after first time you holding the underlying and then overnight underlying tanks in a very very bad way ?
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