The Wheel Strategy On Falling Knife Stocks

[@davidherman1041]

Even if you don't get assigned you still get the premium from selling the put and 5% from Fidelity. Still a decent return.

[@yieldcollector]

Agreed.

[@junwangrx]

Great demo of screening criteria thanks for sharing!

[@krisborn]

My knife isTSLA. TSLA was around $265. I sold 5 255 Puts and was assigned on all of them. 3 weeks later TSLA is at $233 and my cost basis is $248. But... There aren't many pure EV manufacturers in the USA; hybrids still need gasoline and with the Middle East heating up fuel costs will rise. So I'll keep selling calls on TSLA until I get assigned and enjoy the final profits. Time to look at Boeing..

[@maximov23]

Another great video! Thank you. Feel better

[@danml99]

Another informative video - great way to leg into quality, undervalued stocks and collect premium along the way.

[@stan7757]

Totally agree with buying beaten down stocks, more upside potential. Like to do long call options 90 days out.

[@huynguyen222]

Thank you for your videos. I watched all of your videos. You have many good website links to research the stocks. Thank you.

[@bid_wacker]

Always a great video

[@Willis57]

Curious if you’ve done any collars on stocks. Meaning when you own shares and have some appreciation and also are writing calls. Any thoughts on also buying puts to protect the downside?

[@yieldcollector]

Yeah I am familiar with collars, and I like the idea of having downside protection to protect profits.

[@Willis57]

@@yieldcollector agreed…maybe a topic for a future video?

[@karlbork6039]

Do you like BMY, XOM or MO as candidates?

[@yieldcollector]

I like XOM.

[@karlbork6039]

@@yieldcollector How about Sqqq?

[@karlbork6039]

I like WBA too.

[@philipple59988]

Is there an update

[@yieldcollector]

An update on what? It's been awhile and I don't remember exactly what this video was about 😁.

[@philipple59988]

@@yieldcollector in short, the video was about if you should buy or not buy Pfizer and then keep on averaging down, in order to see if it at some point becomes a profitable trade. I'm wondering if you did take the trade and kept on buying it. Personally I've sort of tried catching a falling knife and always been cut.

[@yieldcollector]

Ok, thanks. I am in PFE now and have been in it for awhile. I am waiting for it to rise a little before I can start selling Calls on it again. I also am selling Puts on it which lowers the overall cost basis as well. So basically, catching this falling knife hasn't paid off for me yet. At least it pays good dividends while I wait. @@philipple59988

[@larryburke7675]

Which trading platform are you using?

[@yieldcollector]

This is thinkorswim from Schwab.

[@larryburke7675]

Thank you!@@yieldcollector

[@lucauau]

The only problem is when the stock keep on tanking 🫣🫠

[@yieldcollector]

Yeah that is the risk.