The Options Wheel Trading Strategy Weekly Update - 8/24/24 (no internet)

[@ericdavis1421]

❤I really appreciate your content so yes I am subscribed and drop a lot of likes. Just wanted to drop off likely the best bit of knowledge that has been shared with me. Save yourself some double and triple work and just focus on the percentages, not the dollars. It will let you compare "apples to apples" regardless of underlying and let you focus with less stress. Focus on. The % my brother, it will change your life for the better my friend. Love and light ❤

[@steelhorses2004]

Sold my first put on TNA last week! Puts and calls on TSLL added up to more than I thought. With NVDA earnings in middle of week gonna sell some lower otm puts just in case. If I had anything to write calls on I'd go a bit farther otm too in case market rises up with good earnings.

[@RetireonDividends]

You’re killing it man Proud of you

[@mannyahles1161]

Thanks for the video. I have a margin acct and have been doing a lot of research on selling puts (and calls). I am also considering the results versus short term capital gains and 13.3% California state taxes.

[@douglasalexander8512]

I am in the same boat - I have about 180K working for me and generate about 2k a week with a mix of risk and I have made quite a few mistakes. I have a government job right now for the benefits, but I am seeing what I can generate over the course of a year to establish the confidence to walk away. I think it is important to have an income producing side hustle to help during periods where your capital is tied up for longer than anticipated periods - as well as 6 months living expense saved that is NOT part of the income producing engine. My two cents.

[@mm96817]

@rod Your wheel video is my favorite. Never miss an episode. All the others I watch on demand when I need the latest info. Can you post or point to the video that has the formula to fetch the IV? Would really appreciate that. Thanks for your work.

[@RetireonDividends]

=IMPORTXML(CONCATENATE("www.alphaquery.com/stock/",A2,"/volatility-option-statistics/30-day/iv-mean"),"//*[@id='indicator-iv-mean']/td[2]/div")

[@mm96817]

@@RetireonDividends Thank you very much.

[@876Mitch]

Good job, if you don’t appreciate the smell gains you will never get to the big ones

[@hilarynguyen2784]

I love selling put and covered call on TSLL, TNA and SOXL. It may not work if the market is on the down trend.

[@RetireonDividends]

It will if you have gun powder

[@DavidO.2001Cobra]

margin is the way to go

[@Yieldthief]

Hopefully one day you can make that good cash and play with more 💵.. the amount u play with isnt worth it for me personally.. hope u can be a successful investor one day and live the dream . 👊

[@jefflewis6340]

I said I would watch and find out your trades! Good job!