Tag: options wheel
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Day 364 of 1000: The Magician’s Trading Plan
I’ve learned a lot from trading the options wheel over the past two months. Getting ready to add new types of options trades to the mix.
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Day 344 of 1000: Backcasting for Improving Decision-Making
In her book Thinking in Bets, Annie Duke suggests you don’t just forecast outcomes but try backcasting. Imagine good and bad outcomes and how you might get there.
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Day 336 of 1000: Celebrating My Intellectual Insecurity
I’m moving from the options wheel to options trading strategies that address and ameliorate tail risk. My insecurity protects me.
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Day 326 of 1000: Randomness and the Wheel
Taleb has said he never sells options contracts, only buys them. But he also says if something works, it’s not stupid. So I’m continuing to sell puts.
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Day 322 of 1000: The Options Wheel for Income Generation
The options wheel can generate returns equal to or better than passive beta investing, but be careful of where we are in the stock market cycle.