The Wheel Strategy explained step by step

We've talked about why the Options Wheel is simple and consistent… Now let's walk through exactly how it works. It all starts with a cash-secured put.  Imagine a stock trading at $50. Jay might sell a $47 put option, usually about two weeks out.  If the option expires worthless, that's income collected, and he simply sells another put to repeat the process. But if the stock dips and the put is exercised, no problem, you take ownership of the shares at $47.  That's built right into the strategy. Once you own the shares, you flip to the next stage: selling covered calls.  Let's say you sell a call at $50 or $51. If it expires worthless, you sell another. If the stock gets called away, you collect the premium and the stock sale… then you're right back to cash. And that's where the circle closes, because as soon as the shares are called away, you go straight back to selling puts. That circular, rinse-and-repeat process is why it's called the Wheel.  No matter what happens, you're always collecting income along the way: Puts that expire worthless = premium in your account. Calls on shares = more premium. Stocks eventually called away = back to cash and ready to restart. It's simple. It's consistent. And best of all, it's easy to manage - because most trades naturally resolve on their own. You rarely have to "close" anything manually. And right now, you can get access to Jay's trades, training, calculators, and live coaching sessions for 30% off. This offer expires tomorrow, when the doors to join close. >> Click here to watch the replay and secure your spot Don't miss your chance to learn a strategy you can use for years to come. Mark Soberman NetPicks P.S. By the way, this Friday at 12pm EST, we will host a special Q&A session about the Options Wheel service.  We will answer each and every question you have. So even if you're mildly interested, you should join us for a bit. Hope to see you there! >> Register for the Q&A here

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT ADVICE. NetPicks Services are offered for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation or be relied upon as personalized financial advice. We are not financial advisors and cannot give personalized advice.  There is a risk of loss in all trading, and you may lose some or all of your original investment. Results presented are not typical.  Please review the full risk disclaimer:  https://www.netpicks.com/risk-disclosure     This email was sent to ahmedwithnour@gmail.com by info@netpicks.com 16211 N Scottsdale Rd, Suite A6A #295, Scottsdale, AZ 85254   One Click Unsubscribe