The Wheel Options Trading Strategy - A Complete Squad Of Trading Tactics Episode 144

The Wheel Options Trading Strategy - A Complete Squad Of Trading Tactics - Coffee With Markus | Episode 144

The Basics: 4:10
Picking The Right Stocks: 17:46
Selling Calls After Getting Assigned: 27:12
What To Do When A Trade Is In Trouble: 36:36

The Wheel Options Trading Strategy is a powerful trading strategy, & it can be fairly low risk if you know what you’re doing. I'll show you how it works & what you need to know before you start trading it.
The basics:
1.) I have around 30k$ in my IBKR account. is it enough to start the Wheel strategy?
2.) What is the best expiration date when selling options?
3.) Should I use margin to increase buying power?
4.) How do I know if I have enough capital if you get assigned?
5.) Is there a certain percent you buy to close at? Some people say 50% profit is best statistically to close.
6.) Is there a rule of thumb on what % of your account is tied up with the Wheel Strategy?
7.) What screening criteria does PowerX Optimizer use for the Wheel strategy?
8.) What can I expect? 30% yearly annualized based on what capital?

Picking the right stock:
9.) Do you have a defined universe of stocks that are "good" (list)?
10.) Is there a certain level of IV on a stock you won't g? I traded some 200%+ IV? Is that too high?
11.) Markus, so you've changed from your "When I started I just wanted to know the symbol, I did not want to know anything about company, might cloud my view. Trade what you see not what you think" mentality?
12.) I noticed some of the stocks on your list for wheel have very illiquid weekly options.....do you watch for options liquidity or just set your credit limit and hope to get filled?
13.) Besides technical support/resistance levels, how do you objectively decide which are the best stocks? Do you take into account any fundamental analysis to filter out which underlying you'll trade?
14.) Since you are suggesting not to sell puts on leveraged ETFs...why then are they included in the wheel scanner?
15.) Why do you select growth stocks only, instead of a mix of value/growth? Seems growth is in trouble due to the interest rates.

Selling Calls after getting assigned:
16.) If you sell call lower than your original put strike price, can you still make money?
17.) Why are covered calls more profitable in your experience than cash-secured puts... are you targeting a different profit return?
18.) When you sell calls to reduce cost basis, do you also include the premium received from selling the first put to reduce cost basis?
19.) Is there a risk of your portfolio becoming nothing but stocks, and not being able to sell Covered Calls out of the money (OTM) to hit your targets?
20.) Markus, if you haven't sold a call against the Apple 133 Strike price, haven't you been missing out on money?
21.) When running a rescue mission on margin how does one sell covered call? My broker requires cash for any call that I sell.
22.) Why not still sell calls at your cost basis after the stock drops?

What to do when a trade is in trouble:
23.) Would you please explain what do you mean by “Rescue Mission”
24.) Why not still sell calls after your stock drops?
25.) What happens when you run out of buying power and you can't sell calls at your target?
26.) Is it possible to buy options rather than sell options simply because selling options is supposed to be very dangerous
27.) Any point in waiting to make sure the market has stopped dropping before flying the rescue mission?
28.) I understand starting the rescue mission when the stock drops 30% but how do you determine the new put strike price to enter? The next support level?

29.) It’s hard to make money on a small account unless you get assigned.

Trading with Margin: https://www.youtube.com/watch?v=UHy84SOGl4Y&feature=emb_logo
To get the show notes you can register at: http://rockwelltrading.com/app (use your email address) and the notes are posted under "Coffee with Markus" email support@rockwelltrading.com for assistance (maybe reword this for description)
How To Fly Rescue Missions: https://www.youtube.com/watch?v=OlTD9h_ZNd8
PowerX Strategy Book: https://www.rockwelltrading.com/free/powerx-strategy-book/
#StockMarket #OptionsTrading
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Видео The Wheel Options Trading Strategy - A Complete Squad Of Trading Tactics Episode 144 канала Markus Heitkoetter