How To Trade Diagonal Spreads - Options Trading Ideas For Small Accounts

Diagonal spreads offer a way to make money with a small options trading account. By using LEAPS, these spreads can be called the Poor Man's Covered Call and the Poor Man's Covered Put. These options spreads offer a way to sell premium with a fraction of the capital needed compared to the traditional Wheel Strategy. I will show you how the diagonal spreads are setup so you can start making money!

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WHAT IS THE WHEEL STRATEGY?
The Wheel Options Trading Strategy is an options selling strategy that can generate consistent, monthly income. Also known as the Triple Income Strategy, passive income is generated from:

1. Selling Cash Secured Put Options
2. Selling Covered Call Options
3. Capital Gains on Stocks Sold

The Wheel Strategy is a relatively easy options trading strategy and is considered one of the safest strategies. While not completely risk-free, it benefits from theta decay which works against many other options trading strategies. To learn more, check out the videos below.

OPTIONS BASICS!
Options 101: What Are Options? - https://youtu.be/kxqQfx7fWqw
Options 101: Options Greeks - https://youtu.be/W0dHt4h0zY4
Options 101: In the Money or Out of the Money? - https://youtu.be/aXGSHniI9ow
Trading With A Small Account: https://youtube.com/playlist?list=PLdMO-t3SYORzVIDLLmqxRVCR6T1oDu442

NEW TO THE WHEEL STRATEGY?
Wheel Strategy Overview - https://youtu.be/GDZV2l0YtP8
Selling Cash Secured Puts - https://youtu.be/QfBqUCIN5aQ
Selling Covered Calls - https://youtu.be/yFvmzjirFMY
Link to OptionSellerROI Screener - https://optionsellerroi.com/

LIFESTYLE TRADING
Lifestyle Trading Overview - https://youtu.be/7DEw2lSRUXY

TRADE 5 MOBILE APP FOR OPTIONS TRACKING
Video Tutorials - https://youtube.com/playlist?list=PLdMO-t3SYORwSrX3E8H6sVFXnQL2V4YKB
Download Link - https://bit.ly/Trade5App

FREE TRADE LOG FOR THE WHEEL STRATEGY
Video Tutorial - https://youtu.be/Wxu6ySHqqW4
Download Link (Google Sheets) - https://bit.ly/T5TTradeLog
* Click on "File" then "Make a copy"

DISCLAIMER
I am not a financial advisor and this is not financial advice. This content is only for educational and entertainment purposes only. Any trades you see here are either past trades I’ve made or an example trade. Please don’t follow any trades you may find in these videos.

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