Duration 23:18

Consistent & Safe Monthly Passive Income Wheeling Options - Detailed Tutorial & FREE Excel Tracker

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Published 22 Jul 2023

Free Wheel Tracker Template: https://docs.google.com/spreadsheets/d/1TpsogDePrcVW0rcIPDqKEMWAzDMHyKEL_XtVhmrzWl4/copy Follow my PUBLIC M1 Portfolio: https://m1.finance/QmPfurCxDR9w ► Get 2 Free Stocks on Webull (valued up to $2300 when you deposit $5): https://act.webull.com/ni/lif8z81oCOpb/99r/inviteUs/main ► Open up your new Public account & follow what I'm trading! https://public.com/user-referral?referrer=creditspreadinvesting Wheeling is not a difficult options strategy. It consists of 2 parts: selling a cash secured put until assignment and then a covered call until assignment. The hard part really comes from understanding what price to sell your options at and making sure that you're making consistent profit to ensure that you won't lose money after the wheel ends. There are a couple of concepts that you have to understand in order to trade the wheel strategy like a pro. What the wheel is, what stocks to choose to sell options on, what price to sell your options on to generate profit, and how to view your profits. I also created a free tracker for you all to use, to track your wheel and generate the right data to make sure that you can keep track of your cost basis and your risk free rate of return. Also follow us on IG: @creditspreadinvesting New Website is Up!: www.creditspreadinvesting.com 00:00 - Learn about the Wheel Strategy 04:05 - Cost Basis is Important! 08:30 - Risk Free Rate of Return is Also Important! 12:10 - Summary of Wheel Strategy & Concepts 13:00 - Real Example Using the FREE Wheel Tracker Disclaimer: Everything expressed in this video is my personal experience provided for entertainment value only. I am not a professional nor a financial advisor. These are not instructions, suggestions, nor directions as to how to handle your money. Please, always do your own due diligence and research.

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