The WHEEL STRATEGY as a Trade Idea
I have an idea for a feature trade. It could be posted in the daily trades as the wheel strategies and maybe you could post multiple scenarios of good wheel options. I believe HIMS would be a good stock to implement thsi strategy. the trade would last 3 months to 1 year and would start with owning 100 shares and imediatley selling CC and selling puts to collect premium. as the stock gets called or we aquire more shares then we wheel the shares to collect premium until the stock IV gets crushed and it is no longer a profitble ticker. The wheel startegy is something I am interested in and I think would be a nice addition and would also retain members? thoughts.