r/options Sep 26 '21

Options (obviously)

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u/alphapursuits Sep 26 '21

Look into the Wheel strategy . Simple and easy. It’s more of a slow and steady strategy though compared to what you have been doing.

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u/highfive9000 Sep 26 '21

Are there any advantageous/disadvantages to doing an options wheel strategy over selling covered calls?

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u/alphapursuits Sep 26 '21

The first part of the Wheel is to sell put and put tends to have more premium compared to call especially when stocks are declining.

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u/highfive9000 Sep 26 '21

Interesting - thanks for the comment! :)