Best Stocks For Wheel Strategy 2021

[@rockwelltradingservices]

I hope this cleared up how to find the right stock when you're trading The Wheel Strategy, this is super important. Let me know if you have any questions in the comments. Recommended Links & Videos. Wheel Playlist: kzbin.info/aero/PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb To get the show notes you can register at: rockwelltrading.com/app (use your email address) and the notes are posted under "Coffee with Markus" email [e-mail] for assistance (maybe reword this for description) Wheel Book Waitlist: www.rockwelltrading.com/wheelbook Options Income Trading Strategies: kzbin.info/aero/PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb Rockwell Trading Mobile App Registration: rockwelltrading.com/app

[@jms4406]

Thank you really changing the game for me. I appreciate your passion for teaching this.

[@thenanook]

The more i look in to your videos i realized that is more money management than been an oracle to see the future in options, thanks

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@sanjayhapani5559]

When do you give up your ride position or will you do 4 th rescue mission?

[@rockwelltradingservices]

Let's wait and see what happens after the earnings call on August 11.

[@useemehere2]

It is really make sense that before you buy a stock you really need to know it and you believe on it. Great presentation.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@ROFEL]

Do you try to time when to place the sell? I often see that if I sell a put/call and then 30 minutes later I realized I could've gotten 20% or more premium if I had just waited a couple hours into the market.

[@RealTalkCali]

Depends on current volatility

[@gocatapultar]

Volatility. Although that can come back to bite you. If you end up owning the underlying, it may drop too far to make premium resulting in you being stuck. If your goal is income, this can be problematic.

[@RealTalkCali]

@@gocatapultar this is my situation

[@jeffj450]

Hi Markus. It seems like the PXO with its technical indicators is a pretty objective trading strategy. But the wheel strategy seemed much more subjective. Of course we want to choose the “right” stocks for the wheel, but I didn’t see much about how to find them. Am I missing something? Thanks!

[@mantlemagma1238]

Absolutely love your videos. Amazing work. God bless you

[@rockwelltradingservices]

Thank you! 🤗 Please check out my other video.

[@michaelmickle9321]

Great Video and Explanations both on the Put & Call sides. Many of us are heavily invested in The Wheel Strategy and participate weekly for profits so watching and learning for you has been so valuable and time well spent. I appreciate it when you take the time to give us a view into your mindset and the rationale as to why you make the moves you do. I don't panic when assigned stock I just plan my next moves over the weekend and be ready for the Market Bell on Monday to assess the positions/stock prices/premiums and then you have the confidence when you execute the wheel trade. Going through the drill with you teaches a lot!!! Thanks

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@masoudmokhtari8997]

Thanks Markus

[@ninazangger4589]

Hey Markus, how you are doing with your favorite RIDE? I see that it tanked to $1.64

[@edwardrhoads7283]

Something that has helped me. I have made a list of companies I like. For each I do my DD to determine what I think the company (not stock) is worth. Then I determine the most I would pay for the stock (I think Apple is worth $90 but I would not pay 90 because then I can't make money on it so I would be a buyer at 70). Granted a lot of the stocks on my list would not work for wheel because the option premiums suck. However it is a very good start.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@TheBodrey]

Hi Markus. Which stock screener criteria do you think are the best to identify stocks that are trading sideways? Have you got a KZbin video on the same? TIA

[@rockwelltradingservices]

Hi there, YES: I do have a video for that. Take a look: kzbin.info/www/bejne/qGe1Z4WtiZ6Mo9U Does this help?

[@TheBodrey]

@@rockwelltradingservices I'll let you know. So many videos, so little time. LOL

[@timothychan5]

Hey good stuff!! Keep it up!! Awesome job!

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@PeterKretzman]

Confusing and wrong to say things (around 20:30) like “if RIDE doesn’t go above 22.50 in the next few minutes, I’ll keep all my premium.” You’ll keep all your premium either way. If it goes above 22.50, what happens is your stock will be called away.

[@spyrebel7612]

Schwin, NordicTrak, and Bowflex all have Pelton-style bikes and programs... Peloton is that much better than those competitors. (My wife and I ordered one a month ago). The programming and bike itself are just better than everyone else. I totally see your concern, but as someone that went through the competitors and could have saved money going elsewhere, I bought a Peloton. Enjoy the content! Not a bad week all things considered!

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@boond.master4853]

Hi Markus what happens when you sold put at strike 100, and the stock closed exactly at 100 on expiry day? are you getting assigned?

[@homeofgoldenbees]

Which indicators do you use on Tradingview?

[@rockwelltradingservices]

Hi Berardino, I explain everything in detail here: kzbin.info/www/bejne/oarShIhuoserbsk Does this help?

[@homeofgoldenbees]

@@rockwelltradingservices It does. Thank you!

[@roymax.9852]

Thank you for sharing Markus. Have a nice weekend and please get more sleep.

[@rockwelltradingservices]

Thank you! :)

[@cdh79]

I just started the wheel as well with a smaller (20k in cash in a margin-) account, and within about half a month got over 900 USD in premium. I was also assigned AAPL and SOLO yesterday. AAPL with a strike of 125 and SOLO with a strike of 6.5. SOLO was the riskier play, that i got into first (due to the high premium) and has dropped much more than AAPL. Would I select SOLO again moving forward? Possibly not, but that was my first put i ever sold, and i was tempted by the high premiums. It was also only a half-sized-position for "testing the strategy". I now know that's there are more factors to consider, but that's an experience I just had to made for learning, and it's not that I'm unhappy having been assigned. Both still give me over 30% when selling calls on the weekly, so it's all "good, good, good". This was my first assignment and I am happy about that! Had two other CSP that hit 90% profit early, so I cashed out on those (and they would have gotten assigned too thanks to the big drops this week), but this way I only collected the premium and sold some more puts, with more favorable strike prices. Those have expiration dates on the 19th (they don't have weeklys), and both seem to do well at this point. It's too early to say if i will get assigned, but I hope so, as those are both stocks I am bullish on, in the long run.

[@GIORGIOK7]

So interesting Mark! So your strategy is to sell contracts 10 minutes before the market closes? To be sure not the stock reach dangerous level. When you sell, example 47 contracts, is it because you own 4700 stocks? Or just because of premium. Thank you for your answer

[@pavelbaranov6635]

Hi, very informative, thank you! Quick question - what expirations are you using for your trades? Same day? Weekky? Monthly? Thanks!

[@mantlemagma1238]

I know this is late, but he uses weekly or biweekly

[@maxlys]

Hello Markus, I am discovering your videos from France and it is really enriching. I didn't quite understand how you calculate the minimum of 30% annualised to validate if the premium is good. How do you calculate it? Thank you again for these videos

[@rockwelltradingservices]

Hi William, it's actually quite simple: ((Premium Received / DTE) * 360) / (Strike Price * 100) Does this help?

[@maxlys]

@@rockwelltradingservices thanks for the response 👍

[@rockwelltradingservices]

You are welcome! 😉

[@hoorano]

Would you use indices (SPX, DIA, RUT, etc.) for this strategy?

[@alibaba4697]

Hi Markus thank you for all you do. i have a question Do you think is posible to trade for a living with 200k assuming my monthly expense are around 7k per month Thank you.

[@clreed9690]

Really appreciate the time you spend on the details!

[@rockwelltradingservices]

Thank you! :)

[@bluesky5587]

Most helpful video todate ...thank u ...u show the real deal ..

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@brandysoda8665]

Great video! But how can your buying power goes up for next week since u are selling covered call on RIOT and SNAP ?Where does more $49,500 and 16,839 come from? It is already held for the stocks u own.

[@KartuRaju]

Markus..what's your take on WKHS stock..followed your wheel and got screwed on 35 put..what do you say as it's hovering at 14 now.

[@dharamsiti]

Sell more puts @ $10 to $12 and keep collecting money, if you get assigned, your dollar cost average will be lower, and we hope that WKHS stock price will go up, so we can sell the covered call for higher strike price. I am not sure what Marcus's opinion on this but this is what I understood so far. Please don't be upset if I am not on the correct path.

[@richardthorne2804]

Stock selection is Important. I personally wouldn’t want to own that stock but if you did then just follow your plan. 😀

[@Zerocostcylindur]

This is amazing.. keep up the good work..and ty

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@MrLeadVideo]

@Markus How do you calculate how many naked put contracts to sell?

[@huinyavaina]

He actually showed this in (at least) one of his earlier videos on his strategies # of contracts = (dollar amount you allocate per trade) / (100 * strike price)

[@sskh08]

Thanks for a great very informative video.

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@slizzmo]

Learned a hard lesson when I bought SPCE at $55 and it continued to drop to its current price under $30, making it difficult to do covered calls. Will pick better next time.

[@slizzmo]

@@derpsnarf4052 when I bought it and did my first covered call, the stock was trending up and it was the same week that they were supposed to launch their spaceship. I was likely to be assigned as the stock at that point was above the strike point I picked but then it got cancelled at the last minute and then stock started to drop like a sack of wet potatoes. I still have been able to do covered calls and have lowered my cost basis to around $50 a share, but will use better data as you suggested and more caution in the future as I'm still in my infancy period of options trading.

[@Edwingutierrez713]

Hello Markus, thank you for all you do, really enjoy your content. Question, why don’t you ever sell covered calls above your break even price instead of your assigned strike price? You’re still not losing money, as long you sell above your break even. I notice other people running the wheel strategy sell their covered calls above break even price . Break even price is defined as the strike minus the premium collected

[@huinyavaina]

@@josephsaeteurn9158 quite the opposite, selling above break even gets you more. My guess is he's not using his premium to amortize his cost basis, instead he wires out realized gains and looks at his position as a new one agter every expiration

[@richardthorne2804]

He’s choosing strike prices that meet is criteria of 30%.

[@Downsize1940]

Why not sell calls for less than 30% annualized? 20% is better than zero. Is it just the risk of being assigned for less than your cost basis?

[@gregtaylor1023]

5 months later AAPL is 148. The wheel strategy is about patience when things don’t go your way and not panic. Trade stocks you want to own and it will all work out.

[@rockwelltradingservices]

YES! YES! YES!!! 😀

[@CP-wt7jf]

Is a one on one tour required to purchase the optimizer platform?

[@rockwelltradingservices]

No, it is not. Please reach out to [e-mail] for an exclusive offer. 😊

[@alexanderbarroga1088]

Thank you!

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@mustafavolkancakr5330]

watching this right now, when RIDE is trading at $4 :(

[@AnnPilotFishSwimmingDownstream]

Another great video! Thank you!!

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@mytrades4923]

Do the stock price have to hit the break even price to be assigned?

[@dinkela]

No, the strike price

[@dharamsiti]

Can we get the note please ?

[@hxn9264]

have you achieved 30% in any of the prior years of trading the wheel with this 250K acct Markus. thanks

[@jms4406]

What does he mean keep the whole premium? A buy at a loss if it goes below strike?

[@richardthorne2804]

You keep the premium no matter what if you hold the stock through expiration. You actually lowered your cost if you happened to be assigned the stock. The way you have to look at this is selling options is similar to getting dividends on stocks except you receive income way more often and at a higher rates selling options. But there will be times you will have an unrealized loss in your portfolio just like that happens on stocks that pay dividends. This is an income strategy. Just sell puts on good companies that’s the key.

[@jms4406]

@@richardthorne2804 cool i appreciate the insight. Thanks

[@ylandbj]

Also he kept the whole premium on riot example where it closed above his strike price

[@scottstone718]

What DTE to you target when you pick a stock?

[@Shinigamiyuk]

Seems weekly

[@jimwells8152]

How much is the Power x OPTIMIZERS?

[@rockwelltradingservices]

Hi Jim. It is $2997 but if you use this link to purchase you can avail of $1000 discount rockwell.infusionsoft.com/app/orderForms/PowerX-Optimizer?promo=cristyspecial . Let me know if you need assistance just look for Cristy at [e-mail].

[@RetireonDividends]

What did you think of today’s earnings call on RIDE?

[@davidherman1041]

Do u ever see any value in harvest ing a loss for tax purposes on stock u r assigned?

[@rupulstilskin]

Why did you decide to buy back the GDXJ calls for .07? Wouldn't the call expire and you wouldn't have to buy back?

[@willmcneill4931]

My guess is that he didn't want his capital tied up for weeks (or however much time was left on the contract) for 7 cents. Or he may have thought 63 now was better than holding for full 70 in case the stock started going in the wrong direction. Just guessing. Would like to know as well. Good luck!

[@Bevente]

thank you

[@rockwelltradingservices]

😊 You are welcome! I am glad that this helps!

[@edwinbab705]

Can I do same trades as u do

[@rockwelltradingservices]

Yes of course. If you are using the same strategy and tools as I do you can replicate or get closer to my result. Just reach out to [e-mail] to know more and look for Cristy.

[@JRInTroy]

omg you traded RIOT :) I've been really enjoying using the wheel strategy with both RIOT and MARA.... with the following annualized returns: 883.86% 485.79% 190.07% 731.68% those are the puts... which tend to have higher premium than my calls, but with calls I've set high strike prices to attempt to capture more when they get assigned. 186.34% 156.06% 153.90% 214.92% 345.77% 268.84% 283.70% 226.43% 174.58% 176.27% I'm being more aggressive with Bitcoin than you'd want to be, I know. I'm actually trading the wheel strategy for growth. I'm planning to take a look at your powerx strategy. I have the book.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@markbeiser]

Hope you didn't get stuck holding any bags on those 2 stocks when they crashed...

[@yingi]

27:58 realized profit for the week should be $ 3251. You made a mistake on 252 (typo 255)

[@alexzagariya2945]

What about some terrorism happens? Or nuvkear bomb ex ploded someshere... then we will loose all money et al....to ZERO? If we continue to srll options as we doinv now? Please tell your thoughts about it... selling puts require to buy all if market dtop significantly, we will loose all money....

[@littlefishinvestors7457]

Appl got off the couch and is back to work.

[@billstevens5277]

Traded X last week.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@leafs109]

Definitely a helpful video, even during a rough few weeks I see the long term potential in this strategy and I’m going to stick to this plan and follow it going forward. Out of all the strategies out there this seems like the most simple yet effective one.

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@kaylo566]

Cover calls are cheap so I dont sell cover call once assigned

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@edwardrhoads7283]

I started a rescue mission today on TQQQ for the $90 puts I am going to get assigned... I would have done it for my QS I am getting crushed on buy my wife bought a ton of QS so I would rather do other stuff...

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@tvs3497]

Now that we have some wars going on, gold has gone up. Funny how that works. ( 10/2024 )

[@paulschmidt7507]

Wouldn't the best stocks for the Wheel be the stocks that you already made money on? You have quite a list. It seems like when you win with a stock you change the wheel and not let it keep rolling,

[@dukeofearlyretirement]

AAPL is the boyfriend on the couch that can't land a high-paying job, and also refuses to work for minimum wage. Get to work, AAPL!

[@vanessacosta_br]

Haha

[@nitzator]

Your breakeven is not $133 as you had collected premium for selling Apple Puts? You could not have lost 10K as you mention.

[@richardthorne2804]

Not lost. It’s all unrealized.

[@joetart9905]

Watching the stock market prices go, I'm selling high and buying low. The prices are going up and down, But I'm making money while the bulls are around. I'm using up my buying power Placing trades at this late hour. Closing trades feels so great, Taking profits before it's too late. Next thing you know I'm going out of my head, Selling 20 put credit spreads. Then here comes March and time for a correction, And time for me to learn my lesson. Every thing's down and I'm in the red, Oh why did I sell so many credit spreads? I've got to get out before I lose a lot of money, Or put in more cash, "Sorry, Honey" Must cover my positions by the end of the week, I'm taking assignments, and they aren't cheap. Doing the Wheel, that's how I roll, Dealing with these market trolls. Well, I'm not that worried after all, Because starting Monday, I'm selling Calls.

[@rockwelltradingservices]

What an awesome poem! Did you write this?

[@joetart9905]

@@rockwelltradingservices Yes, and it's all true 😣

[@markbeiser]

Hope you didn't get killed when all but AAPL on that list of examples crashed!

[@lisachrimes7018]

The ramblings of a strict risk assessment has made me a lot of money so far. I invested in TSLA through ARK ETFs

[@sophalkheng7825]

New

[@rockwelltradingservices]

Awesome! Thank you for watching! :)

[@davidherman1041]

I violated rule one. Now I have some *':'"':::'"' in my portfolio.

[@dano9411]

Algorithm

[@Shinigamiyuk]

If power x optimizer was monthly instead of a flat rate I’d bet you would see higher profit

[@rockwelltradingservices]

I believe in the Power X Optimizer but I do not want to keep charging people monthly for it. They can own it for the rest of their life.

[@stbc601]

im from the future RIDE will be 6$ soon lol

[@stbc601]

Great video though

[@rockwelltradingservices]

$6.48 actually - LOL. 😜

[@stbc601]

@@rockwelltradingservices love you though i have been trading for a long time now (15 years) and i still love and learn from you !!

[@rockwelltradingservices]

Thanks, STBC. Much appreciated. What do you trade? Stocks or options? And are you day trading or swing trading? Just curious... 😀👍

[@stbc601]

@@rockwelltradingservices i trade lots of deep in the money option vs stocks and i sell options as well.... i only buy stock once i made money of the .99 delta options or if there are no options like new SPACs like NGCA TDAC and so on

[@313ZipZappaCroco]

Pretty shameful to advertising your trading with a 500k account. Do you advertise this only for millionairs or ordinary people getting little salery. Once having 500k, you can get easily 12% annual ineterst, or even more.

[@rockwelltradingservices]

Why is that shameful? I used to have a job at IBM like "ordinary people". My first trading account was $8,000 which I saved up in MONTHS. So what's shameful about showing that you CAN start with a small account and then grow it into a big one? And I'm not interested in 12%. My goal is 60%, and I'm exceeding it. 👍

[@jbond008]

RIDE eventually bankrupted

[@jon1rene]

I find having to watch you type out what you are saying very annoying. Just my opinion.

[@rockwelltradingservices]

Yes, you are right. In my latest videos. I'm no longer doing it. Thanks for the feedback. 👍

[@jon1rene]

@@rockwelltradingservices my pleasure. So glad you are so responsive. Just started watching you videos. Love you honest assessments Thank you

[@vanessacosta_br]

Thank you!

[@rockwelltradingservices]

Hi Vanessa Costa, thanks for watching. And thanks for your feedback. Much appreciated. "See you" in the next video 👍