Finding Winning Stocks For The Wheel Strategy
Вставка
- Опубліковано 5 сер 2024
- Finding Winning Stocks For The Wheel Strategy
Intro: 0:00
5 Steps To Finding Stocks: 1:13
How do I find the best stocks for The Wheel Strategy?
One of the most important things to remember when looking for stocks to trade using the options wheel strategy is this: you MUST be okay owning the stock. This strategy although conservative can potentially risk assignment of options contracts.
5 Steps:
1) Looking for stocks with high volatility = Higher Premium.
* Step 1 of The Wheel is selling Puts.
barcharts.com is a tool I use to measure volatility for stocks.
2) No earnings before Expiration
3) Make sure stocks are in an overall uptrend or have strong support.
Find stocks with 30-50% volatility.
Trade stocks in the $30-$200 range.
Choose contracts with 7-21 DTE (Days To Expiration)
Avoid stocks that are approaching earnings reports. During earning season there can potentially be an increase in the volatility of the underlying stock. This type of risk is not suitable for the Wheel Strategy.
Select stocks that are trending upward generally, or have strong support.
4) Check The Wheel Calculator.
Check the Wheel Calculator. This calculator can be used to determine position size based on your account value and cost of options premium.
5) Place The Trade.
As we review the positions taken, I’m going to discuss the previous criteria and how I’ve applied them to each trade.
Recommended Videos:
The Options Wheel Strategy: • The Options Wheel Stra...
#StockMarket #OptionsTrading #Stocks
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Markus, amazing video and thanks for showcasing our product! Glad you find it useful.
I love the video. Simple and straight to the point. Easy to understand
Awesome! I am glad that you like this. 😊
Great video, thoroughly enjoyed it like all your videos.
Awesome! Thank you for watching! :)
Awesome video! Thanks for sharing Markus!
😊 You are welcome! I am glad that this helps!
Good material Markus, thanks
Awesome! Thank you for watching! :)
Hi Markus. Good video! In some of your other videos, you say that the wheel strategy takes about 5 minutes a day. But based on this video, it seems like it is quite a bit more time intensive?
Excellent.
Thank you! :)
... super helpful...
Awesome! Thank you for watching! :)
yes
Hi! How are you doing? Are you interested to learn about our services?
He knows the game very well, we will trade together someday
Awesome! Thank you for watching! :)
Why not use FinViz?
Where can i get a copy of the wheel calculator???
Hi Kol, if you are currently enrolled in The Wheel Strategy course it is included in the package if not yet here is the link to the course www.rockwelltrading.com/products/the-option-income-wheel/
HII bought the books. How can I find the wheel calculator.?
Hi Greg Crane, it is integrated in the PowerX Optimizer. If you want to learn more about it, I can arrange a tour with Paul for you. Do you want to schedule a tour?
@@rockwelltradingservices I have the book on the way. Let me review that and then I’ll get back with you. Thx!
Awesome! ;)
How does one join your group?
Hi Wanda! You just need to be a PowerX Optimizer owner to join. Hi! :) I have a special deal just for YOU.
Use this linkrockwell.infusionsoft.com/app/orderForms/PowerX-Optimizer?promo=cristyspecial pay ONLY $1997 instead of the regular price of $2997.
If you need assistance please look for Cristy at social@rockwelltrading.com
This guy is a big time salesman for bunch of companies such as ie; PowerX Optimizer.
What is wrong with that? The tool works and I want people to try and use it too. You should really need to get to know it better.
@@rockwelltradingservices Nothing wrong when you make a massive commission selling a 3000 tool per person. Better than trading stocks!!
I do trade stocks but I also invested on this tool. It works and a lot of people are using it. Believe me, I earn more in trading stocks than selling my software. There is no shame in selling something that works.
@@rockwelltradingservices Good for you ! you are trying hard.
yes
Awesome! Thank you for watching! :)