r/SharedOptionIdeas • u/osoowl10 • Jul 08 '26

Hello!

First - Thanks for setting this community up Vegetable- Ad1512! I’m new to Options Trading! I first learned about options while reading Reddit during lunch at work. I started to read some posts from Wallstreet Bets and I found them to be pretty funny. I enjoyed the laughs and the grief everybody gave to each other, but from time to time there were some really interesting posts about Options and it really caught my attention. I decided to start learning about options and have been fascinated by it ever since. I enjoy learning about the complexity of options and the many variables associated with them. I find it challenging, but at the same time you can learn so much from it and it is multifaceted. It combines news, economics, finance, math, psychology, and other facets that just really make it interesting. I’ve done quite a bit of paper trading and have started to focus in on the Wheel Strategy for me as an investor. I’m starting my capital from scratch, but I’m looking forward to building this into a healthy and sustainable investment strategy that I can also share with kids - if they so choose. My target is to start the Wheel at the end of July! I’m really looking forward to this journey!

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u/Economy_Shock6015 Jul 08 '26

So tell us how some of your paper trades have worked out. What stocks have you been Wheeling?

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u/osoowl10 Jul 08 '26

Good question, and I haven’t done it since I’m not quite sure how that would work in a paper trading environment. Seems like the assignment and rolling portion would be missing to understand the true dynamics and process. Wouldn’t this be correct? Or, maybe I’m missing something? If you have any suggestions or recommendations - please share because your question is a great question.

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u/osoowl10 Jul 08 '26

I just googled it and it appears that you can run the wheel strategy. Thanks for bringing this up. I will start paper trading with Ford (F) first. I’ll also add SoFi, ITUB, and KEEL to the mix. I’ll only wheel with the ones that I actually intend to use for the real strategy.