Calculate your income and cost-basis discount for the "Wheel" strategy. Find out your annualized yield from selling cash-secured puts.
In this phase, you sell a Cash Secured Put. You get paid cash today to promise you will buy the stock at the strike price if it drops. It's like being paid to place a "Limit Buy" order.
If shares are assigned to you
Strategy Check: You have enough cash to secure this put. This is a conservative, professional setup.
The Wheel is a Neutral to Bullish strategy. It allows you to collect income in three ways:
The Golden Rule:
Only "Wheel" stocks that you actually want to own for the long term. If you use this strategy on a junk stock that crashes to zero, the premiums will not save you.
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