Stock and Options Trading

This is the next post in a series about trading the Wheel Strategy. To start at the beginning, go to The Wheel Strategy – Introduction. [Disclaimer: I’m not now, nor have I ever been, a financial advisor. Don’t do what I do just because I do it, I am not responsible for your decisions. Learn

I have decided to change my trading updates from weekly to monthly. Mostly because my other posts about anything other than trading are getting lost. SO for the last two weeks of July, the following happened: I sold two DKNG $28 covered calls expiring on July 31st, and they expired without getting called away. On

This is the next post in a series about trading the Wheel Strategy. To start at the beginning, go to The Wheel Strategy – Introduction. [Disclaimer: I’m not now, nor have I ever been, a financial advisor. Don’t do what I do just because I do it, I am not responsible for your decisions. Learn

This is the next post in a series about trading the Wheel Strategy. To start at the beginning, go to The Wheel Strategy – Introduction. [Disclaimer: I’m not now, nor have I ever been, a financial advisor. Don’t do what I do just because I do it, I am not responsible for your decisions. Learn

This week was a lot less trading, mostly in part due to running out of available funds to trade with. Apparently, that’s what happens when you sell weekly puts but monthly covered calls. I suppose that was the obvious outcome to everyone except me. To put it another way, the timeframe on the puts and

This was a wild week. I had a lot going on, probably too much. I started blogging again, something I’ve done off and on over the years, I used to teach it. And as you can see, I started putting my weekly trades in my blog, but today, I had a Frankenstein’s Monster of an

“The Wheel” would be a great name for a cheesy horror movie about a possessed wheel…. But a strategy to defeat a demonic wheel is not what this is. I know, I’m disappointed too. What is it, really? The Wheel Strategy is simply a very safe, and boring, way of trading options. And it doesn’t

I was assigned my 100 shares of NOK so I did the following: Sold one NOK 31 JUL 26 14 CALLSold two NOK 2 JUL 26 11.5 PUTs Over the weekend I had opened a ROTH and moved my profit into it. My plan for the ROTH is to use nothing more risky than the

I experimented with continuing to do weekly puts, but monthly covered calls, so I accomplished the following: I sold 1 NOK Cash Secured Put at the $13 strike price I sold 2 Covered Calls on DKNG I sold 1 Cash Secured Put on DKNG at the $25 strike price. And I sold 1 TOST Cash

My DKNG was called away for a profit. I sold some Cash Secured Puts, some got filled but others weren’t so I changed my mind during the day and cancelled some orders that didn’t get filled in favor of more of the ones that did get filled for DKNG and NOK. My DKNG shares were