Wheel Options Strategy - What To Do When Your Stocks Are Falling And In Trouble - Trading Like A Pro

Wheel Strategy is great strategy with one major risk. In this video, I'll show you what I do so that you know what to do in case this happens to you. Let's dive in!

To get the transcript and MP3, go to: https://www.rockwelltrading.com/coffee-with-markus/wheel-strategy-stocks-are-falling-more-than-6-percent/

What Is The Wheel Strategy?: 0:32
My Current Positions: 1:20
What's My Plan?: 4:31

Currently, I am already assigned with 2 stocks: RIDE stock and LVS
And I might get assigned on 2 other options positions where I sold puts:
AA at $35 per share (it's down more than 6% today!) and CWH at $37.50 per share (it's down more than 4% today!)

According to my plan for the wheel strategy, I should have no more than 5 open positions.

So what do I do now?
What if I'm getting assigned the 2 stocks tomorrow?
Does this mean I can only trade 1 new option next week?

Recommended Links & Videos:
Wheel Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb
How To Fly Rescue Missions: https://www.youtube.com/watch?v=OlTD9h_ZNd8
Wheel Strategy: What To Do When You’re Assigned: https://www.youtube.com/watch?v=K_zBGpLrO34
Is Trading Forex Worth It? https://youtu.be/HXrP7uHLWLk
Wheel book: https://www.rockwelltrading.com/the-wheel-options-strategy-book/
PowerX Strategy Book: https://bit.ly/2wMQ7zW

#StockMarket #TradingOptions #OptionsTrading
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Видео Wheel Options Strategy - What To Do When Your Stocks Are Falling And In Trouble - Trading Like A Pro канала Markus Heitkoetter