I mean you are accepting all the downside risk and capping the upside at a dollar above your basis. Its a high probability trade and I also sell options in TQQQ but don’t fool yourself into thinking you found a money printer. You are picking up pennies in front of a steamroller.
You're not picking up pennies, you're picking up nice amounts of dollars. And yes for this strategy capping up the upside on a dollar is by far the smartest move, you're collecting the most immediate premium in order to not have to hold a bag and consistently grabbing premiums from selling puts. Best case scenario you never have to even have to sell calls because you want to avoid picking up shares to begin with
No you fucking can't the litteraly other point is to then sell CC ATM or 1 dollar over. Incredibly unlikely that they won't hit in the near term, especially considering you picked them up for 10-15% less than current price of writing the put
I do this same exact strategy but on pro shares ultra Bloomberg crude oil UCO. Those premiums are an infinite money printer, it’s also only 2x leveraged instead of 3, so way less risky. I’m also bullish on oil thanks to my fiend Vladimir.
I can tell you’re new to the wheel strategy by how optimistic you are about it. I challenge you to think about it a little more than just a binary event.
I have thought about TQQQ many times. IMO it might seem logical to allocate 10% of your portfolio but only after a substantial tech crush. So far it is only 50% from ATH. Not good enough. I would start considering only after it is about 80%-85% from all time high .
Someone smarter than me explain how this is a bad idea
Basically when the rest of us lose 20% of our portfolio this smooth brain would lose 60%. That’s about it.
Good advice. I'll mortgage the house, sell the two cars, empty the kids college fund and see what happens.
You had me at large cock
If he would have added big balls... now i pass
I mean you are accepting all the downside risk and capping the upside at a dollar above your basis. Its a high probability trade and I also sell options in TQQQ but don’t fool yourself into thinking you found a money printer. You are picking up pennies in front of a steamroller.
You're not picking up pennies, you're picking up nice amounts of dollars. And yes for this strategy capping up the upside on a dollar is by far the smartest move, you're collecting the most immediate premium in order to not have to hold a bag and consistently grabbing premiums from selling puts. Best case scenario you never have to even have to sell calls because you want to avoid picking up shares to begin with
Translation for the retarded please?
Selling puts and CC if assigned on tqqq for heavy income generation over time. If you don't know what "wheel strategy" is than go watch a video
I mean, he did say "guaranteed.
You forgot to close the quote, you smooth-brained fuck!
Anytime it's 'guaranteed' it should ring warning bells in your brains.
No you fucking can't the litteraly other point is to then sell CC ATM or 1 dollar over. Incredibly unlikely that they won't hit in the near term, especially considering you picked them up for 10-15% less than current price of writing the put
this is full retard.. I’m in!!
[удалено]
Damn I thought I had a hog at 3.5 inches I didn't know they come in that size
I feel retarded reading this. Niiiiice…
Stop. You’re going to scare apes with logic and reasoning.
How long have you been running it and what’s your portfolio % return?
You keep making posts about this, you really wanna get the message out don't you
Might as well sell condors on it and SQQQ, i like it.
So it's at $54, what strike are you selling the puts at?
48.5 for this round of puts. But if you're selling even lower or even higher is fine, doesn't really matter.
I do this same exact strategy but on pro shares ultra Bloomberg crude oil UCO. Those premiums are an infinite money printer, it’s also only 2x leveraged instead of 3, so way less risky. I’m also bullish on oil thanks to my fiend Vladimir.
You ok bud? TQQQ is at 36
Eh
i love you bro TQQQ till we die
I can tell you’re new to the wheel strategy by how optimistic you are about it. I challenge you to think about it a little more than just a binary event.
positions or ban you goober
It's a wheel strategy my positions are 20 sold puts strike 48.5 for April 14. It's not exactly a complex position dude
driving-to-hawaii has challenged someone to post their positions!
Why not just do some tech analysis on /nq or /es? , one good swing can net you $5k monthly
If the market goes up 1%, then down 1%, then up 1%, then down 1%, then up 1%, then down 1%...
Prefer running the wheel on QQQ or SPY or something else rather than a leveraged stock, premiums are still good and less risk of bagholding
I have thought about TQQQ many times. IMO it might seem logical to allocate 10% of your portfolio but only after a substantial tech crush. So far it is only 50% from ATH. Not good enough. I would start considering only after it is about 80%-85% from all time high .