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?
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.
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