Ep. 176: Wheel Strategy: Stocks Are Falling More Than 6%! What Now?

Currently, I’m assigned with 2 stocks: RIDE and LVS. And I might get assigned on 2 other options positions where I sold puts. According to my plan for the wheel strategy, I should have no more than 5 open positions. So what do I do now?
Currently, I’m assigned with 2 stocks: RIDE and LVS.

And I might get assigned on 2 other options positions where I sold puts:
AA at $35 per share (it's down more than 6% today!) and CWH at $37.50 per share (it's down more than 4% today!)

According to my plan for the wheel strategy, I should have no more than 5 open positions. 

So what do I do now?
What if I'm getting assigned the 2 stocks tomorrow?
Does this mean I can only trade 1 new option next week?

In this video, I'll show you exactly what I'm planning to do. 

Recommended Links & Videos:
How To Fly Rescue Missions: https://www.youtube.com/watch?v=OlTD9h_ZNd8 
Wheel Strategy: What To Do When You’re Assigned: https://www.youtube.com/watch?v=K_zBGpLrO34 
Is Trading Forex Worth It? https://youtu.be/HXrP7uHLWLk
PowerX Strategy Book: https://bit.ly/2wMQ7zW

Trading Futures, options on futures and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all
investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
You may lose all or more of your initial investment. The lower the day trade margin, the higher the leverage and riskier the trade. Leverage can
work for you as well as against you; it magnifies gains as well as losses. Past performance is not necessarily indicative of future results.

Copyright © 2005 - 2019 Rockwell Trading Services LLC, USA. All rights reserved.
Phone: (512) 337-1885, 12600 Hill Country Boulevard, Suite R-275 - #913, Bee Cave, TX 78738


Markus Heitkoetter