As we advance in our options trading career, you must refine our tactics. The most difficult part of the options wheel strategy is selecting cash-secured puts.
It is tough to decide the strike price of a cash-secured put; therefore, we must use indicators and personal knowledge to make these choices.
The goal of obtaining shares is to get the lowest cost basis possible. This positions us to make tons of money on our covered call system.
The goal of options trading is to safely generate high levels of income. It will take some time and experience to work our system, but it is quite possible. You can do it!