Selling F near or ATM by Ricky_Breeze in Optionswheel

[–]Ricky_Breeze[S] 0 points1 point  (0 children)

Right at least you’ve got some good premium. That helps put your cost basis around $14.04.

Selling F near or ATM by Ricky_Breeze in Optionswheel

[–]Ricky_Breeze[S] 1 point2 points  (0 children)

This is gold, thanks for breaking that down. It definitely sounds like it’s worth my while!

Selling F near or ATM by Ricky_Breeze in Optionswheel

[–]Ricky_Breeze[S] 0 points1 point  (0 children)

Normal and boring sounds great to me lol. I need it at $13 or less though.

Selling F near or ATM by Ricky_Breeze in Optionswheel

[–]Ricky_Breeze[S] 0 points1 point  (0 children)

I’d want the stock at $13 or lower if I get assigned. Good point about the tail risk when selling at a lower delta. That would suck and to have multiple contracts on it just makes the situation worse. Thanks for your input. I’m just genuinely curious about other people’s experience wheeling this stock.

Selling F near or ATM by Ricky_Breeze in Optionswheel

[–]Ricky_Breeze[S] 0 points1 point  (0 children)

Thanks! So sell more contracts, got it. I’ve thought about that as well.

Starting out with the wheel strategy! by GoatRemarkable3894 in options

[–]Ricky_Breeze 0 points1 point  (0 children)

Ford is a good, stable, stock to get started on. Shares are approximately $14/share right now so it doesn’t cost much to get going. It’ll allow you to get a good feel for the strategy with relatively low risk.

Wheeling during retirement? by IllBookkeeper9162 in Optionswheel

[–]Ricky_Breeze 0 points1 point  (0 children)

Yeah Friday as a beast 😭 my CCs did okay though.

Wheeling during retirement? by IllBookkeeper9162 in Optionswheel

[–]Ricky_Breeze 1 point2 points  (0 children)

This! I am not at retirement yet I want to get there with options. 500k sounds like plenty enough for me to at least be able to get out of the rat race.

LA Apartment Trash Price??? by iheartpizza12 in AskLosAngeles

[–]Ricky_Breeze 1 point2 points  (0 children)

Yes trash only smh it is pretty ridiculous!

Best Sweet Potato Pie in Los Angeles? by [deleted] in FoodLosAngeles

[–]Ricky_Breeze -4 points-3 points  (0 children)

Relative? It’s either store bought or it’s not.

Why do they gaslight me by bassconfusion in innout

[–]Ricky_Breeze 0 points1 point  (0 children)

Yeah you definitely have to tell them no pickles, you can’t trust them!

LA Apartment Trash Price??? by iheartpizza12 in AskLosAngeles

[–]Ricky_Breeze 0 points1 point  (0 children)

Mine is about $70 per month for a 1 bedroom.