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Trading Long Strangles vs. The Options Wheel: How Much Capital to Get Started?
Paperback
Series: Financial Freedom, Book 165
Publisher: Independently Published
Published: Dec 27 2024
Pages: 70
Weight: 0.31
Height: 0.18 Width: 6.00 Depth: 9.00
Language: English
It's time to enter the options market. My two favorite strategies are trading long strangles and using the options wheel.
The options wheel consists of selling cash-secured puts and covered calls in a perpetual cycle.
Today, I want to focus on start-up costs for both strategies. While long strangles allow you to get started much quicker, they also carry additional risk.
The options wheel is an excellent playground for learning the ropes of trading options. You must understand time decay and volatility before moving on in your journey. Good Luck!
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