Ep. 224: Buying Back Options
Today's podcast will cover:
Intro
3 Steps To The Wheel Strategy
Real Life Example
Your 2 Choices
An Exception To This Rule...
Learn more about our Trading software, the Power X Optimizer: https://bit.ly/PXOToday
Learn when and HOW to roll a covered call to maximize your profits here: https://www.youtube.com/watch?v=Da3dXfOvmiQ
Recommended Links & Videos:
The "Wheel" Strategy Explained: https://bit.ly/3ePN4qT
How To Fly Rescue Missions: https://www.youtube.com/watch?v=OlTD9h_ZNd8
Wheel Book: https://www.rockwelltrading.com/the-wheel-options-strategy-book/
Trading with Margin: https://www.youtube.com/watch?v=UHy84SOGl4Y
My Trading Routine: https://go.rockwelltrading.com/my-trading-routine
The Wheel Strategy explained in 15 minutes: https://www.rockwelltrading.com/coffee-with-markus/wheel-options-strategy-explained-in-15-minutes/
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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