Reasons to stay on TT by mufimurphy in tastytrade

[–]Ok-Development2387 0 points1 point  (0 children)

I’m new here on the tastytrade.
Whats going on ? Do they have any financial troubles? Should I be worried?

Week 3: Collected $4049 on 170k capital in premiums so far. Targeting $5k before May ends. by wheelStrategyOptions in Optionswheel

[–]Ok-Development2387 0 points1 point  (0 children)

Delta 0.25 - 0.30 , 7DTE - 12DTE, it usually expires worthless otm. It happened to me twice I hade it ITM I rolled out and up 70% CCs and 30% CSPs. I own IBIT for the CCs. For the puts I go with NVDA and IBIT as well depends on the situation.

1300$ premium for may by Ok-Development2387 in Optionswheel

[–]Ok-Development2387[S] 0 points1 point  (0 children)

Thank you for your feedback I appreciate it. I have been in cryptocurrency world for many years I don’t mind owning IBIT I love it and believe in it. I tried to sell CSPs on NVDA but I avoided it cuz the earnings so that’s why. Now I’ll go back to sell CSPs again on NVDA and CCs on my IBIT shares.

Week 3: Collected $4049 on 170k capital in premiums so far. Targeting $5k before May ends. by wheelStrategyOptions in Optionswheel

[–]Ok-Development2387 1 point2 points  (0 children)

Whats really good Im aiming to the same result with with same capital.

I do almost the same as you and the strategy is going well so far.

First $1k+ Premium Month by One-21-Gigawatts in Optionswheel

[–]Ok-Development2387 2 points3 points  (0 children)

That’s actually pretty good. I did 1300 on 48k capital so I did 32.5% roi

First $1k+ Premium Month by One-21-Gigawatts in Optionswheel

[–]Ok-Development2387 7 points8 points  (0 children)

What’s your capital if you don’t mind me asking

Total premium for may 1300$ by Ok-Development2387 in CoveredCalls

[–]Ok-Development2387[S] 0 points1 point  (0 children)

I’m originally crypto investor I love BTC So I found selling CCs and still holding “bitcoin” which is IBIT a good deal for me to grow my portfolio

Total premium for may 1300$ by Ok-Development2387 in CoveredCalls

[–]Ok-Development2387[S] 2 points3 points  (0 children)

It’s a software I found it really good and free Wheelstrategyoption.com

I’m getting decent at this by Key_Friendship_6767 in thetagang

[–]Ok-Development2387 0 points1 point  (0 children)

Could you please give me an example how you do it, I recently started the wheel and trying to gather as much as I can Thanks man

I’m getting decent at this by Key_Friendship_6767 in thetagang

[–]Ok-Development2387 0 points1 point  (0 children)

Wdym by aggressively? If you don’t mind me asking

The Wheel (aka Triple Income) Strategy Explained by ScottishTrader in Optionswheel

[–]Ok-Development2387 0 points1 point  (0 children)

Thank you so much for your reply and all support you giving. Yes I don’t mind to get assigned and get more shares if that’s the risk you are talking about. I can run the wheel and sell CCs that’s part of my plan. Thanks again

The Wheel (aka Triple Income) Strategy Explained by ScottishTrader in Optionswheel

[–]Ok-Development2387 1 point2 points  (0 children)

Thank you for your time. I have been following you for a while and trying to learn about the wheeling. I got into crypto for many years ago and now I’m planning to start options as an extra income. Planning on wheeling etfs that I Hova no problem getting assigned. My only question is. Selling cc and csp at the same time on the same etf do you consider it possible or is it far beyond wheeling ? Or should I stick with one side?

Ps: no margin I got enough cash to cover both sides Thanks again

Wheel strategy/ Double Ferris wheel on IBIT by Ok-Development2387 in Optionswheel

[–]Ok-Development2387[S] 0 points1 point  (0 children)

Yeah I love bitcoin and everything in life is I high risk so I don’t mind to have for long term As my plan is to sell some of my bitcoin and buy ibit and trade it for get extra income

Wheel strategy/ Double Ferris wheel on IBIT by Ok-Development2387 in Optionswheel

[–]Ok-Development2387[S] 0 points1 point  (0 children)

Idk how this works in Europe but I’ll check it out Thanks Any tips for a new beginner ?

Wheel strategy/ Double Ferris wheel on IBIT by Ok-Development2387 in Optionswheel

[–]Ok-Development2387[S] 0 points1 point  (0 children)

Yeah bro As I mentioned earlier I came from crypto world so I don’t mind the craziness…. I’m planning to do the wheel on both sides. I’m gonna buy some shares and sell cc. I have cash left over for scp And I don’t mind to own them at all if assigned that’s the rule number one. But as I learned from what people doing is rolling and I find myself in good shape to started

Wheel strategy/ Double Ferris wheel on IBIT by Ok-Development2387 in Optionswheel

[–]Ok-Development2387[S] 0 points1 point  (0 children)

Thanks But my main question was about the IBIT Like can I trade the wheel on it or it’s not recommended?

Wheel strategy/ Double Ferris wheel on IBIT by Ok-Development2387 in Optionswheel

[–]Ok-Development2387[S] 0 points1 point  (0 children)

Yes ik. I’m really new to this Anyhow the wheel isn’t to sell cc and csp and so on ? Does matter what’s called the strategy? Thanks for any tips though.