What Is The Options Wheel?
The wheel systematically sells cash-secured puts and covered calls. Sell puts on assets you want to own. If assigned, sell covered calls. If called away, restart. Collect premium at each stage. Yields 20-50% APY.
Sell CSP at comfortable strike. Collect premium. If assigned, own at discount then sell calls above cost basis. Repeat. Works best in range-bound markets.
Requires active management and options understanding. Assignment risk means owning at unfavorable times. Options involve loss risk.
Execute with Fensory.