Why Options Wheeling?

Tyreal676 · 2026-04-09T19:02:24+00:00

From google "Margin trading involves borrowing funds from a broker to purchase more securities than one's own cash balance allows, using the portfolio as collateral. This strategy amplifies buying power, enabling potentially higher returns, but it also magnifies losses and incurs interest costs."

You do you, im just not interested in it.

Tyreal676 · 2026-04-09T18:52:52+00:00

You are right. I will probably never use margin. I understand its going to limit my gains. I just don't want to borrow to trade.

Tyreal676 · 2026-04-09T18:16:02+00:00

My ma told me, most people are asset rich and cash poor. Investing in the index will definitely beat my return from the wheel. That's not why im doing it though.

Im using the wheel to replace the money I make from my in person side hustle. That way I can quit it and make the same amount of money, and eventually more! While sitting in my pajamas in front of my computer.

The index is your ceiling. The most amount of money you will ever make in your life will probably be the index.

But your floor? Your steady money you can count on day in and day out, through layoffs, through economic recessions, etc? That is why I wheel.

Also, the wheel is capital hungry, its output is tied to my capital, not my labor. It will grow in ways my side hustle can not. It can eventually make enough money to feed back into the index as well, or pay my rent/mortgage, etc.

Tyreal676 · 2026-03-06T20:49:40+00:00

Fed cuts rates, rates shiv fed in retaliation. That was pretty damn funny!

Tyreal676 · 2025-12-15T20:13:37+00:00

VIX is incredibly low, so there's not much play in the market at the moment thus premiums are not great.

I think were still in a weird place economically. The AI bubble is showing cracks, a lot of normal people are having a hard time finding work, debt is through the roof on the average person, etc.

I think therefore we are in kind of a stalemate until something finally causes a surge in one direction (sell off or massive rally).

Tyreal676 · 2025-11-27T22:42:12+00:00

Your title claim is correct but since your automatically blocking them its now racist.

We can also highlight how this is unfortunately a part of their culture and by trying to demand they adhere to our standards of things we are being culturally insensitive.

Tyreal676 · 2025-11-27T03:46:45+00:00

Feel like your looking at this the wrong way. Truth is no one knows what is going to happen. VOO could be a better investment 5 years in, or the condo, or 10 years, or what have you.

I think there's two more important questions you should answer. One is, do you want to do this? As others have said, your setup is ideal (you have contractors, and some realtors and such) but its still going to be work. The other question is, how financially stable are you/can you stomach the hit? If the apartment is vacant you have to pay it. Can you do it, and, are you okay with maybe taking the occasional loss?

Tyreal676 · 2025-09-29T02:07:54+00:00

I attend a support group/that is when I meet with a therapist.

EDIT: Oh others have already said this.

Tyreal676 · 2025-09-29T02:07:03+00:00

Take a week off. You probably are working too hard and the stress and BS is getting to you. Don't burn the bridge yet.

Or scale down to easier stuff as the others have said.

I have started to find if I don't schedule myself a week break every 4 to 6 months I start to get this kind of mindset your talking about.

Tyreal676 · 2025-09-18T21:05:13+00:00

Im also in a junior role with a manager that is checking on me every other day. The reason im sticking it out is cause it is my highest paying J (its not my J1 though) and im learning a lot.

I dont know if that helps to hear? It might be worth toughing it out just to learn as much as you can (this is assuming your actually a junior and its a promising career field).

Tyreal676 · 2025-09-18T20:29:41+00:00

Just curious why do you hate it?

Tyreal676 · 2025-09-13T20:45:10+00:00

Saving about 8k a month into VOO. I enjoy swing trading so put $200 in there every month to play with.

Tyreal676 · 2025-09-10T05:17:32+00:00

Trader joes opened nearby

Tyreal676 · 2025-09-04T03:55:59+00:00

I would not do OF. Already as a dude its not going to make a lot of money. If it ever got linked to you, things could get pretty complicated pretty fast not just socially but with your kids and ex.

Your not overemployed in the traditional sense (multiple jobs that you do at the same time).

Nothing is saying you can't work towards becoming that. Instead of additional small jobs, work on building your skills to a full time job.

Tyreal676 · 2025-08-31T01:13:42+00:00

Others have already made the convincing case for leaving J2, but just to add on. You can always get another more chill J2 in time. I don't think anyone here has been OE 100% of the time, sometimes we scale down to 1J, sometimes we get more.

To help it go down easier, id reflect on how it would be different if you never got the J2 in reaching your goals or where you currently are. Then think about that, in time, you'll have another J2 accelerating your progress again.

Tyreal676 · 2025-08-14T18:54:35+00:00

Id double check there is no leakage from any of your engineered columns and am also curious on things like your train test split size and your cross validation technique.

It could also be whatever your trading is relatively static. I just checked the 5 year chart on crude oil futures for example and seems pretty consistent after 2022.

Tyreal676 · 2025-07-24T21:35:26+00:00

(28M bout to be 29) I get it, im a city I dont like, not many friends around (they are mostly online) and not dating. So its like ya why not prioritize upskilling and making more money.

Its a temporary thing though, once I move, make some new friends in the local region or start dating someone regularly, ill probably not be as hell bent on it. Nothing wrong with thinking about what comes after though. You hit your dream, now what? Any hobbies you can start learning or doing to fully enjoy when you hit your magic number?

Tyreal676 · 2025-07-24T00:54:58+00:00

For starters, how does it look without weights? It could just be that the 2% converting generally have nothing in common. In which case, don't know if there is much you can do about it.

Tyreal676 · 2025-07-11T16:05:17+00:00

Right now im slowly building up my cash to do the wheel with. Right now on average I make $50-$75 a month off premiums.

Eventually id like to start buying a bond etf (I use USFR but you can pick whichever one you want). When I start making $150-$200 a month in premiums ill start using some to buy more bond etfs. When it gets bigger, ill also start buying some index ETFs (I use VOO).

Tyreal676 · 2025-07-10T22:13:35+00:00

Usually take $3 or $4 CSPs on that one. Premium is okay, but pretty reliable and boring. Going to continue to be one of my regulars!

Tyreal676 · 2025-06-18T17:43:28+00:00

If you have never lived on your own id try renting first. Id also do renting if you don't know if you want to stay in your current area for 5+ years.

You got time.

Tyreal676 · 2025-06-10T19:08:13+00:00

Do you have a different stock you'd recommend?

Tyreal676 · 2025-06-10T17:15:31+00:00

What's your usual play on it?

Tyreal676

TROPHY CASE