Mechanics
·
10 min
The wheel
Cash-secured put becomes assignment becomes covered call becomes assignment becomes cash-secured put. A systematic loop for income on names you want to own.
In this lesson
- The four states of a wheel
- A full cycle worked out
- Where the wheel breaks
- What makes a wheelable name
- Management discipline
Read the full lesson in the app
The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.
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