Learn how to trade The Wheel Strategy like a pro! kzbin.info/www/bejne/pHPQgXabqZ2ZsK8
@dc-wp8oc28 күн бұрын
This is the beauty of the "pause" and "replay" buttons. I can go over this presentation again and again until the concepts become clear. Thanks again Markus. Appreciate the pace of your delivery, the clear diction and the lack of juvenile distractions.
@westmime10832 жыл бұрын
Started trading the wheel strategy this year in may and i am up 47% atm with only 1 negative week. Loving the strategy and loving the videos, cant thank you enoughe.
@rockwelltradingservices2 жыл бұрын
Awesome! :) I am glad that you are loving it.
@Sifatullahsolo9 ай бұрын
Hi Markus, Just wanted to say I love your videos! Your explanations are top-notch, and watching the trading screen in action is a game-changer. Keep up the great work, and thanks a bunch!
@PatrickAlexanderThePilot2 жыл бұрын
Interesting approach, I do the same calculations by looking at Delta and decide on the possibility of an assignment!
@rockwelltradingservices2 жыл бұрын
Thank you for watching! ;)
@fancycavegaming6202 жыл бұрын
Could you cover some of the calculations you might use to handle multiple assignments that end up triggering margin usage? So let's say I had five positions closing this week on a 250k cash 500k margin account and 4 got assigned because the overall market is down. So an approximately $400,000 position spread across 4 good companies; say google, Blackstone, Microsoft and Fedex, all are at good support levels and can generate covered calls at or above the strike price.
@rockwelltradingservices2 жыл бұрын
Yes, that's a great topic. I'll do a video about this soon - probably this week!
@dc-wp8oc28 күн бұрын
Was surprised to see the Annualized Premium of 36% was preferred over the Annualized Premium of 73%. Is the wheel strategy applicable to new traders with much smaller accounts and focused on less expensive stocks?
@krisnelson8689 Жыл бұрын
Love your videos Markus! I've learned a lot with how well you explain everything, and really love how you show us some trading screen time! Keep it up! Thanks.
@rockwelltradingservices Жыл бұрын
Awesome! I am glad t hat this helps!
@Iain_C2 жыл бұрын
Just looked at the closing price. $405 for a few minutes work :) Good to see you trusting your own software. Would be good to do a follow up video on this.
@rockwelltradingservices2 жыл бұрын
Will have a follow-up video coming soon ;)
@rosariodipetta2 жыл бұрын
In this example is good to sell calls at 37 because you get a good premium and you have mpre chances to jump out of stock..so you can restart the process and sell puts for the next week
@rockwelltradingservices2 жыл бұрын
Thank you for sharing your thoughts here!
@TheWestAspen6 ай бұрын
Curious, on your screen it says " Got assigned 2,700 shares at $37". Does that mean you sold a put at $37 as your entry into this position?
@singoptions2 жыл бұрын
based on what transpired between the recorded time of this vid and now, Markus should still be holding the stocks and selling calls against it. cheers.
@rockwelltradingservices2 жыл бұрын
Exactly! 😊
@simonjons12 жыл бұрын
Unfortunately, on the 26th, tpr dropped to 35.5. Interesting to hear what you did with that. What is the reason to provide the example with the unsuccessful result?
@ryan2620082 жыл бұрын
Then he just made the premium
@rockwelltradingservices2 жыл бұрын
What Ryan said: I'm keeping all the premium and I can sell calls again. This way, I'm making even more money! 😊
@rockwelltradingservices2 жыл бұрын
Exactly! And I can sell more calls since I still own the shares!
@adamp7958 Жыл бұрын
Unsuccessful? Correct me if I'm wrong but this is exactly what you want to happen
@freddydee2702 жыл бұрын
Thank you so much for this training. It's helping make some cash in this volatile market.
@rockwelltradingservices2 жыл бұрын
Awesome! Thank you for watching!
@abuyusuf83747 ай бұрын
You always give good info. I have a question, if I am under PDT rule, I can only do 3 day trades in 5 days. So my question if I buy stock today and sell them tomorrow. is that considered 2 day-trade or 1 day-trade or no day-trade at all since I buy and sell in different days? I am very confused
@Pieter23602 жыл бұрын
TPR closed at 35.35 on 8/26 and then dropped further to below 35 on 9/1. Curious to hear what you do next in terms of strike price and DTE for subsequent calls? Assuming you don’t want a strike price below the cost base of 37, do you then go out further into the future to still collect at least a half-decent premium? Asking this not to be critical of the wheel strategy but because I’m trying this strategy myself and often end up in a position like the current TPR situation in your example.
@rockwelltradingservices2 жыл бұрын
I'll just wait until TPR is at 36 again and will sell more calls. On Friday, TPR went as high as $35.40, and I'm sure, I can sell more calls this week 👍
@jboy18702 жыл бұрын
Very good video & explanation Markus! Your software does a great job!
@rockwelltradingservices2 жыл бұрын
Thank you! Glad you enjoy the software!
@saimiride Жыл бұрын
Hi thanks for your greats videos, I am following your advice very carefully. But I have a question, nobody talks about a strategy that seems to be very powerful, it is a kind of poor man's covered call "inverted " Instead of buying deep in the money, you sell puts deep in the money (With a maturity of more than one year) and you sell puts OTM to protect your premium. You receive a big premium at first and you protect it by accumulating small premiums. So we lose less money in extrinsic value and you lower your breakeven significantly , what do you think of this strategy? Thanks
@rhommelramirez9603 Жыл бұрын
what if you bought the stock at 30
@PatrickAlexanderThePilot2 жыл бұрын
Do you have a video on "what's the best price to sell secure cash put"?
@rockwelltradingservices2 жыл бұрын
This is what I have so far kzbin.info/www/bejne/jYLXXmaJqbGUfLc But I am taking notes of this topic for future video. ;)
@kgs83 Жыл бұрын
Have a quick question. Assume if the weekly option expires on 9/23, can i write covered call options on 9/23 morning? If yes, what are the pros and cons?
@Josh_AF8 ай бұрын
Yes however due to time decay your premium is going to be a like 0.01 per contract for close strike prices
@simplecarnivore2 жыл бұрын
What happens if you get assigned at $37 and it drops to say $32 or $33... What strategy would you use then?
@rockwelltradingservices2 жыл бұрын
You can either wait until you can sell calls at your assigned price again, or you could lower your cost basis by flying "rescue missions".
@rameshsubramanian47792 жыл бұрын
Hi Markus. At the end will you keep the stock collect the premium and again repeat the covered call or sell the stock in hand also.
@rockwelltradingservices2 жыл бұрын
Hello Ramesh! It does depend on which will be most profitable. However, my preference is to repeat the Wheel process :)
@luvmusicusa2 жыл бұрын
excellent video
@rockwelltradingservices2 жыл бұрын
Awesome! Thank you for watching! ;)
@johnporter58282 жыл бұрын
Nice video ! How does Delta play into your planning?
@rockwelltradingservices2 жыл бұрын
Great question. I personally don't use delta in my trading. For me, the "Premium per day" and "annualized ROI" are more important.
@stanoneil8449 Жыл бұрын
Hello… is your wheel analyzer software available ? Or available for purchase ?
@rockwelltradingservices Жыл бұрын
Yes, it is available. And since you asked, I have here a special link that you can use to avail of a $2000 discount rockwell.infusionsoft.com/app/orderForms/PowerX-Optimizer?promo=cristyspecial. Just email support@rockwelltrading.com and look for Cristy for assistance.
@westendburrow Жыл бұрын
Thank you!
@rockwelltradingservices Жыл бұрын
You are welcome! ;)
@robertcliffort2354 Жыл бұрын
excellent.
@piercarloscalamandre52042 жыл бұрын
Well. If stock falls below your price that you buy it (example in this case 30 dollars), do you sell covered call with strike below 37 dollars and than eventually roll up the call?
@rockwelltradingservices2 жыл бұрын
I know of a few traders who do that, and they call it "Kamikaze Calls". I personally will not sell calls below my breakeven. And thus far, I have only done this once or twice. Usually, I sell calls at or above my cost basis. Does this help?
@piercarloscalamandre52042 жыл бұрын
@@rockwelltradingservices if the stock go down for me this is a possibility to gain. As I said, doing roll up if strike go below the price to avoid assignment. Could you explain better why don't you like it? Ty very much
@rockwelltradingservices2 жыл бұрын
Well, here's the challenge: If you got assigned at 37 but you sell calls at 30, your shares could get called away if the price is above 30 on expiration date. And YES, you can roll up UNLESS the stock makes a dramatic move. For me, this is playing with fire because when you get called away, you could make a $700 loss per option. Is this making sense? 😊
@piercarloscalamandre52042 жыл бұрын
@@rockwelltradingservices ty, we are talking about a critic position of course. Probably it's better than do nothing while the stock go down ....with a lot of attention IMO.
@davebercovicz95052 жыл бұрын
It’s all about the “if” unfortunately TPR is under $35.00 so we didn’t make it
@rockwelltradingservices2 жыл бұрын
That's even better because now I still own the shares and can sell calls again. This way, I'm making even more money 🙂
@brendanquinn68942 жыл бұрын
Without the handy dandy calculator we would all be lost !