The "Wheel": The Triple Income Strategy of Options
We’re going to be going over the Wheel Strategy on Robinhood, which is also known as the Triple Income Strategy. The Wheel Strategy combines two separate options trading strategies that I went over in my previous videos, selling calls and selling puts, so this is essentially like an Avengers meet-up of sorts of options trading!
I’ll be going over what the Wheel Strategy is and why it’s called the Triple Income Strategy. I’ll also be going over how you can use the Wheel Strategy in your portfolio today, and give you some pros and cons of the Wheel Strategy. As always, I provided time cards below for EXTRA EDUCATIONAL EFFICIENCY (EEE).
Time Cards:
(0:00) Intro
(0:39) Overview of Video
(1:02) What is the Wheel Strategy? (First half, Selling a Put)
(2:07) 2nd half of the Wheel Strategy (Selling a Covered Call)
(3:51) Why is it called the Triple Income Strategy?
(4:16) Example of the Wheel on Robinhood
(6:31) Pros & Cons of the Wheel Strategy
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Disclaimer: I'm NOT a financial advisor and the information in this video should not be considered as financial advice or a recommendation to buy or sell any sort of investment or financial property. The ideas presented in this video are for educational and entertainment purposes only. You are responsible for the financial decisions that you make, and should consult a professional financial advisor before making any financial decisions. Investing has risks and has the potential for one to sustain losses on their initial investments. Please invest responsibly.
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