Nice! I really like when it's a legit trade happening in the video. It can be confusing to visualize when it's all hypothetical. I'm pretty familiar with the wheel but much more so with covered calls than cash secured puts.
I have NVDA cost basis $180 with a option sell call $260 expire 6/2024.. current at $395 today. It's there away to roll option to keep from call away .
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Nice! I really like when it's a legit trade happening in the video. It can be confusing to visualize when it's all hypothetical. I'm pretty familiar with the wheel but much more so with covered calls than cash secured puts.
Could you explain options spread in "baby terms " and show some examples - Thank you in advance.
I have NVDA cost basis $180 with a option sell call $260 expire 6/2024.. current at $395 today. It's there away to roll option to keep from call away .
little late to the party here, but why would you roller over it over instead of just letting expired and open up a new one the fallowing Monday?
Thank you !
I just made this same move this morning LOL