Today, I'm initiating a cash-secured put income play on a stock that's showing improving conditions, kicking off the first step of a wheel strategy trade.
My strategy was to sell a CS put on a very liquid stock or ETF that was paying the maximum amount of premium that day as part of the wheel strategy so I'm done with CLSK for now. The market is probably going to be thin on Friday so I may put out another CS put income play and I'm putting out a new wheel strategy trade every Monday now.
Huge pop this morning. Still worth jumping in if we missed the open?
You really would not be able to collect enough premium at this price to make this particular strategy worth it imo
Do you have a spreadsheet that we can track our trades in, that you’d be willing to share?
So, it’s down almost 5% today. How much you think it should drop before it’d be a viable play, if any? Thanks
My strategy was to sell a CS put on a very liquid stock or ETF that was paying the maximum amount of premium that day as part of the wheel strategy so I'm done with CLSK for now. The market is probably going to be thin on Friday so I may put out another CS put income play and I'm putting out a new wheel strategy trade every Monday now.