The Advanced Wheel Strategy Guide (For Triple Income)

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The Wheel Strategy is a very profitable strategy if done right. And in this video, I will expand upon my previous Wheel Strategy video and go more in-depth on how you can extract both Extrinsic & Intrinsic Value profits.

I'll also share an advanced concept on staggering entries and exits to further increase your profits with the Wheel Strategy.

Timestamps:
00:00 - Start
00:20 - The Triple Income Options Strategy
03:11 - Stock selection for the Wheel Strategy
11:18 - Entries & Exits
15:44 - Trade Example - Single Entry Level
18:49 - Trade Example - Multiple Entry Level

If you liked this video, please give a thumbs up, and also feel free to leave a comment if you have any questions, or just want to say hello.

#cashsecuredput #coveredcall #wheelstrategy

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optionswithdavis
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It is important to understand that you will be required to have the necessary buying power to buy the stock, in order to do this trade. In other words, you will need to have the cash or margin in the event you are assigned. For non-margin accounts, you will be required to have the full amount of cash to buy the stock. If the strike price of the stock is $200, and you sell one put contract, you will need to
have $20, 000 in your account. Margin accounts must be approved and usually require minimum balances. So, keep in mind your account size and cash or margin requirements when choosing a stock. The strategy can be done on lower-priced stocks. The wheel strategy is capital intense in other words it's not cheap Take care and God bless

michaelb.
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One of the best videos on YouTube. You are awesome, Davis!

kaus
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This is simple, yet, brilliant way to enter a position and continue to add to one trade...

TBradFashionModel
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Blend this with the Put Ratio Spread even more up front revenue. If you go below the short strike, you can make money on the embedded debit spread. More capital intensive but worth it (imo).

douglasteachout
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Excelente video!!! Thanks and good work!!!

gussta
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Absolutely amazing content!! 👍👍
Pure value. 💯

Keep up the good work. 🇮🇳♥️

aravindtiwari
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Hi Davis...will I be wrong if after the put assignment, I apply the risk reversal strategy by selling the covered call and with the premium received buy a put option as protection in case the stock just goes down for longer periods without bouncing back? Thanks though for your strategy. I'll apply it in some of my trades.Sestanious...South Africa

tsheposestaniousmmotla
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If I can’t afford csp can I use credit spreads

dtitan
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Good clip Davis. Nice layering of many of the key variables involved in the process. Here is a challenge for you. In a future video, please do one on selling an ITM covered call once the stock reaches overbought levels for a comparative clip. Thanks n good work.

KT-zxjr
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Davis, I have my set of stocks in line for the Wheel Strategy (TSLA, NVDA and CROX) . I was thinking rather than waiting for stochastic to be oversold why not sell CSP at SD a delta of 16. When the stock does become over sold than raise the delta to 30. What are your thoughts about selling weekly?

alanlajoie
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Great Video
Question: when you enter your 2nd and 3rd CSP how far out do you go ? weekly or monthly expiration dates

alanlajoie
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Any advise on what would be a expiration for this strategy?

alaxyz
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What is a good safe dividend etf to trade the wheel on ?

vichart
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Good video, when the stocks fall this 3 levels is rescue misión . Do you DCA 30% in every fall?

carloscamchang
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Great video. How can you fix NVDA? I think is good stock profitable but I Paid 280 now is 140?

drreal
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Is there an opposite way to this strategy in a bear market?

sammyc
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All large cap stock will come down for correction of 30 to 40%

ranjancom