Maximizing Returns with the Options Wheel Strategy Using Real-Life Examples

NEW Favorite Wheel Stock & In The Money Covered Calls

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I love trading the wheel strategy with covered calls and cash secured puts. A question I get over and over again is what stocks to use in the wheel strategy. What is the best stock for covered calls and cash secured puts.
In this video I will tell you my newest favorite stock to trade the wheel strategy with. I will also show you my entire options portfolio and all the stocks that I trade the wheel with.

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DISCLAIMER: The content discussed in these videos are solely my opinion and should never be used as financial advice. This channel is for entertainment purposes only. Make sure to consult with a professional before making money decisions. This video and description contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission; all of which helps grow the channel! Thank you for your support!

#wheelstrategy #coveredcalls #optionstrading

[Madxcot]

Tna is my favorite.
It's at $30 and the premiums are higher than Google.
I bought 6 leaps for Jan of 2024 at the 15 dollars for 9.5k and I'm making about 800 to 1k a week.

Easy to roll also.

[atldale]

Love the shout out to Adam @In the Money - tip of the hat sir.

[Unconventional_Investor]

congrats... Thats the goal in my opinion to get your heavy hitters to a 100 shares in order to run options!

[scottgillespie]

Brad, I just bought your book. I'm looking forward to reading it man. You do a great job explaining options.

[Metodo]

I just bought your book at Amazon Brad love your channel and very valuable content.

[coachyamyam]

I’m on it!! Want that google too!!! Great stuff thx

[sonny]

I’m doing the wheel with Disney right now but if I get assigned I’ll move to google and try it out
They cost roughly the same too

[robinruane]

No hate for Google here - I want to be there one day. I'm happy to get started with smaller things. The stakes are more manageable and the more I do it the more money I'll have to build to the bigger ones!

[christopherganir]

Yes we love Wheel Brad. Also drunk Brad.

[WayneNicholsInvestor]

Awesome video, bro! I scooped up shares before they split to sell calls and later got assigned on a put. So my cost basis is at $110 a share, but I've been making steady cash flow with CC (so I could care less about my cost basis, when I know this is a long-term covered call stock).

[getsugatenshoFTW]

Been using this strategy a lot with Apple!

[trevorbanks]

Three questions So does your adjusted bases include dividends and also previous premium from wheeling that same stock ?

And also when selling options with stock with dividends what’s the best way to avoid early assignment through ex dividends date ? Like say you need to roll for some reason but you have dividends coming next week wouldn’t you get assigned early
and it mess up everything?

Last question what if your adjusted bases isn’t below the share price should roll out further and further or should you just move on from the stock ?

[AskDrSusan]

Please help explain something I’ve been really struggling to understand. Why would you buy to close your put, and then wait a few days just to sell another put? you have to pay to close to put, so why wouldn’t you just wait to have it expire worthless? Instead of paying to close it, just open it for the same dollar amount, $92, two days later?

[lghbtsl]

Sorry if I missed it in the video, but are you setting your strike price for Google on the put side at the money? If not, where?

[redbyron]

I'm very interested in your Google wheel strategy. I have about $18, 000 in stock currently and was going to wheel Amazon but I might do Google instead.

[jasonkucine]

Hey Brad, thanks for the video ! Question, what is your average timeframe for your calls/puts you're selling ? Bi-weekly ?

[michaelr]

Awesome video! What are your thoughts on TSLA for WHEEL? The premiums are insanely high. Even though the stock is volatile as hell I feel like it’s a decent candidate after a big drop or run in price (wheel during some consolidation)

[tripod]

Is the wash rule an issue when rolling? Do the losses count as deductions? Thanks.

[lin-joglobal]

I am trying to build up to google also!

[theinvestinghouse]

My favorite is $UPRO to wheel on. I love the cash flow coming from it.