🙋🏻♂️🙋🏻♀️ Join my FREE Beginner’s Investing Master Class and ask me questions: https://bit.ly/3W5ucfj
In this video, I do an in-depth video on how to use the Wheel Strategy to make around $500 a month.
I use AMZN as my example and show a tutorial on how to do this on the Think or Swim Web Platform from Schwab.
Let me know if you have any questions and thanks for the support!
-Steve 🙂
#financialfreedom #finance #trading #millionairemindset #millionaire #wealth #coveredcalls #optionstrading #investing #stockmarket #stocks #beginner #leaps #finances #home #makemoney #retire #entrepreneur #selfmade #financialliteracy #daytrade #motivation #financialeducation #money #stevechen #calltoleap #fire #financialindependence
Disclaimer: Call to Leap may earn affiliate commissions from the links mentioned. Call to Leap is part of an affiliate network and receives compensation for sending traffic to partner sites such as ImpactRadius, CardRatings, MyBankTracker, and more.
Call to Leap is not a registered investment, legal, or tax advisor or a broker/dealer. All investment and financial opinions expressed by Call to Leap are from personal research and experience of the company of the site and are intended as informational and entertainment purposes. Please conduct your own research before trading and investing.
Thanks, I’m about to try this on one contract of nvidia since I have a few hundred shares just sitting there doing nothing besides appreciating.
I am using SOXL high volatility good premiums
that is good…he demonstrated how to make about $1000 with $20,000…not bad
thank you
But don’t you have to have the money to buy the 100 shares if you get assigned at at expiration? What if you don’t?
I’m confused as why you chose market instead of limit buy
God bless you Steve. You're an amazing educator. I love how you break downs stock options to the simplest terms so anybody can understand.
1 not 100 – Important 😄
Dont do this on GROWTH stocks. You will get burned with limited upside. Penny wise but pound foolosh.
What’s the strategy if the stock price keeps falling after being assigned? Would you just keep selling covered calls until the shares are finally called away? Essentially, if not called away after the expiration date and the stock keeps dropping, you’d be lowering your strike price as the stock kept falling? So you’d collect premium but likely lose money since the stock price will have dropped significantly? I guess the hedge against this is like you said, picking the right stocks/funds?