The Wheel Strategy Just Broke. Here’s What I’m Doing Instead.
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📺 Watch Next: You MUST Learn This Skill If You Want To Trade The Wheel Strategy: https://youtu.be/vhOKtU4wzBU
Chapters
0:00 – The Wheel Strategy Problem No One Talks About
0:34 – What Happens When Wheel Trades Go Bad
1:20 – CNC Trade Example That Went Wrong
2:14 – How to handle the wheel when a position goes bad
2:33 – My Wheel Strategy Fix: Call Option
3:31 – 77% Less Capital Using Options
4:37 – Selling Covered Calls on LEAPS
5:53 – What Strike Price Should You Use when using the Options Only Wheel replacement?
6:11 – Avoiding Assignment With PMCC
6:54 – How to Juice Returns With Strangles
7:53 – Pros & Cons of Poor Man’s Wheel
8:46 – Full Trade Recap: Step-by-Step Flow
Other videos I think you will like:
📺 The Ultimate Beginners Guide to Option Trading (Full Course): https://youtu.be/bKLxEY3BolY
📺 How To Retire Early playlist: https://youtube.com/playlist?list=PL3j38I2YtGw3gkl6xqGnovdwYII36yy29
📺 The Wheel Option Strategy playlist: https://youtube.com/playlist?list=PL3j38I2YtGw2DJsqiZnE4hx2jzsizcyRy
📺 Selling Put Options playlist: https://youtube.com/playlist?list=PL3j38I2YtGw2Xlse-w19A42tgVdtn_Mj4
📺 Covered Call Option Trading playlist: https://youtube.com/playlist?list=PL3j38I2YtGw0GuZi4OOSzGcx3Oq_SMr2K
📺 PMCC and LEAPS Option trading: https://youtube.com/playlist?list=PL3j38I2YtGw3d2osU5O6XRHJ8-Wul2ZW7
📺 TRADE OPTIONS like a PRO Playlist: https://youtube.com/playlist?list=PL3j38I2YtGw0B_XoxfODxNuHU_Ye6kq-E
📺 Option Repair Strategies Playlist: https://youtube.com/playlist?list=PL3j38I2YtGw2mMZNftBUDs1Ln984R0wV9
What happens when the wheel strategy goes wrong?
In this video, I share the real trade that opened my eyes. I thought I had the safest setup ever… until the stock tanked, I got assigned, and my yield collapsed. So I pivoted.
Instead of sticking with a traditional covered call, I used an option strategy that cut my capital at risk by over 77%—and could still generate consistent cash flow. I’ll walk you through every step, from the original wheel setup to how I repaired the trade with options and call selling, including all the real-life adjustments I made along the way.
You’ll learn how to handle a losing wheel position like a pro and how to manage assigned stock more efficiently
Happy investing!
Randy Perez
#optionwheelstrategy #retirementincome #tradingoptions
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Disclaimer: I am not a financial planner and am not offering investment advice. This is an opinion channel only and should not be taken as any form of financial advice. The ideas and strategies that I discuss should never be used without first assessing your own personal/financial situation, or without consulting a financial and/or tax professional. There are financial risks involved in taking on any monetary transaction that I discuss in my videos. I may receive a small commission from the purchase of any item from using the links listed above.