The Best Options Trading Strategy? | The Wheel | Beginner Options
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#Options #Investing #Trading #Robinhood
In this video I want to talk about my favorite #options #trading strategy, and arguably the perfect addition to a #longterm #buyandhold portfolio. Today we will merge the cash covered put with covered call and talk about a legen-wait for it-dary strategy known as THE WHEEL.
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With that said, welcome back to the SK investing show. My name is Sam and today I am going to teach you about my favorite #options #trading strategy.
If you already have an understanding of the “#COVEREDCALLS” or “#CASHCOVEREDPUTS” then this video is for you.
Now I am going to introduce you to my favorite #ThetaGang trading strategy…...#THEWHEEL
In the wheel strategy we will leverage both the cash covered put and the covered call in a way to maximize premium collection and gains that would otherwise not happen from a traditional long term position.
When you are at a place when your account has grown enough you are also able to withdraw the premiums as cash from your account to spend on whatever you would like...like bills, rents, mortgage, or that new lambo you’ve always wanted
This strategy can become very lucrative with large account sizes, and therefore can eventually become a significant source of income to where you could live off of it.
Disclaimer I am not a financial advisor and this video should not be taken as financial advice. Everything in this video if for entertainment purposes only. Also, some of the links in this description are affiliate links and I may receive kickbacks for using them that help support the channel. These links help me continue to make videos and continue to increase the quality of videos.
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