That's the only true edge in stocks...time and money. Check out my post showing the returns for buying spy at the aths highs and averaging down the entire decline.
Well then you were slam-fcked, suburbanite. You're carrying a large loss and loss of opportunity. That $3 22C four months to exp is now trading $0.4 so your wheel methodology of trading around a ticker just got rekt. You check your gibberish.
Any stock with high IV...etf's preferable of course but usually worse return on capital. EW is about swings...if I am to collect a weekly premium I am going to have to sell puts that I expect will be assigned in the current swing. Yes I could go out farther, but usually the weeklies offer the best return on capital. I received $1.20 for the short 23 weekly put I was assigned. Current 23 weekly call is selling for .04! So obviously I am looking farther out here...aug30 23 call is @ .53 x 1000 shares = $530...add that to the $1855 collected since July19. = $2385 / 42 days*30 = $1700 per month return on 23k. That's a 7% monthly return. If I adjust to only selling monthly calls at this point being otm I would still avg around $500 per month on the position or 500 * 12 = 6000 + 1855 = 7855 annually/12 =654 monthly. That is a 34% annual return on capital...not sure that any dividend stocks or most traders can out perform that. BTW I have backtested with just selling atm calls no matter what the assigned strike and it returned profits based on the last 365 days. So can make it a mechanical trade and do ok or hold longer and possibly do even better...or worse. P.S I found that a hedge fund is actually using a version of this strategy! How many suits did it take to come up with the same concept I blasted out on a google sheet one afternoon? (The max risk of course is bk...which is why I limit capital allotted.)
I think I'm blocked again because I can see you replied with a screenshot but no reply. Perhaps I should start a topic about this bug?