Options Trading With The Wheel Strategy | Webull Desktop

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Options trading is not for the faint of heart, it can be very lucrative or can ruin you.

The options trading wheel strategy is one of the most basic and productive ways to start learning how to do options.

You sell an option to purchase 100 shares called a cash secured puts, this is where you secure your money as collateral for the 100 shares you purchased the option to buy, so make sure you pick a price wisely.

If you get assigned the shares you can then turn around and sell a covered call, which is the option to sell those shares at a price you set, make sure you pick a price where you don’t lose money.

Wheel Strategy options or "Trading the wheel"

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00:00 - Intro
00:43 - Wheel strategy explained.
04:40 - Get 5 Free stocks with Webull.
04:59 - Webull desktop Cash Secured Put Trading SOFI
06:19 - Webull desktop covered call with BTBT.
07:15 - Review of the wheel strategy

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To help individuals and families develop empowering beliefs and emotions about money and teach them the necessary skills to become self-reliant, build wealth, and live a life of abundance.

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Disclaimer.
The videos on this channel are for educational and general informational purposes only and are not intended to provide specific advice or recommendations for any individual. As such, it should
not take the place of consulting with a certified financial planner, CPA (or other tax professional), legal, or other financial advisor. While we try to provide accurate and timely information, it may not be suitable for your specific personal scenario or specific circumstances. I am a financial professional but without knowing your specific information you should consider what you learn here as general advice. If you want specific advice and coaching please contact us at hello@financialselfreliance.net. I am not a tax, legal or investment advisor representative.

Our coaching is based on the data and research found in the books The Millionaire Next Door, The Next Millionaire Next Door, and The Millionaire Mind by Thomas J. Stanley and Sarah Fallaw. It is also based on 20 years of my personal experience working with money.

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