Like the pace and the insights Markus offers. Many presenters will show you the mechanics of trading, but few will step you through the why, that is, the reasoning of detailed trading actions. Fewer still will reveal their personal accounts with all the good, the bad and the ugly.

My aunt passed and I inherited some of her portfolio and cash savings, I’m 28 with about 400k cash in savings and as usual everybody’s preaching invest, so what stocks are a good long term buy, only major purchase I intend to make is buying a home in 5years from my returns

I'm 9 months late, but thank you for your videos. Very straightforward with no frills attached. Easy to understand the concept!

How is your trading plan going? Let me know how you're doing in the comments below. Recommended Links & Videos: Trading with Margin: kzfaq.info/get/bejne/i66pa5eEtK3QZI0.html&feature=emb_logo Options Trading 101: bit.ly/2V7Nf9T The Options Wheel Strategy: kzfaq.info/sun/PLBa3sAx-Io2nosgosERUhIZwzvIgD-3Vq The PowerX Strategy Playlist: kzfaq.info/sun/PLBa3sAx-Io2l9ZV4s66J-uNkG6AJvhSPB

Watching this I had a lightbulb go off. That the stock you are assigned just happens to be a way your buying power manifests. Rather than cash (which you use to sell PUts) you have a stock (which you use to sell CALLs). I had always interpreted “stock you like to own” as a value stock (since that’s what I like to own). Now I see that it can also mean a stock that others would like to own so they won’t just fade forever.

I really like your videos. Thank you for going over everything so simply.

Great video. Thank you for your transparency.

You're absolutely right. I use the Cash Secured Puts so I can own the shares for a lower price. This is my favorite strategy.

Hi Markus, missed the live show today, watching the recording now. Made money with the wheel this week despite the last 2 days. Thank you for teaching us NOT to panic and to follow the plan, I too love to get assigned. Love the wheel! 👍 have a great weekend :)

While ride did not go as planned, I personally believe it’s one of the most valuable aspects of your KZfaq channel. It shows the reality of trading and that it can quite literally happen to anyone if they get loose with their strategy.

I was watching your videos a couple of years ago and learned so much. But I got out of trading because of time constraints. Now I'm looking into it again, and have been learning a lot from others, but they don't always make things as clear, nor do they usually share the down sides. For this I am so glad I came across your videos again. Thank you.

I really like how you walk through the situations and what to do. I’m learning a lot from your videos. Thanks.

I'm learning so much from your videos and books. It's a little overwhelming at first but so worth it. Thanks for sharing your knowledge and experience!

I'm a little confused about why you were assigned AAPL shares and were "unable" to sell premium against it, why not just sell above the assignment price, regardless of the amount you would collect? Isn't collecting $100 better than nothing? If it does go up you can roll another week to collect more premium which would give you a more respectable gain, if it doesn't go up to the sold strike you keep the $100. If it keeps falling another 7% you still collected more money? I would think the only premium which is not worth collecting is if the commissions would be more than the amount collected.

Sorry to see the drawdowns, but I really appreciate the transparency you are sharing with us.

Hey Markus! Great video --- I got assigned on ALL 5 of my positions this week! I am the happy owner of shares in GDXJ, AAPL, AMD, NIO, and RIDE. Monday should be exciting :-)

I like that you are sharing your account. Good or not so good positions No sugar coating. Tough love thanks.

if we enter a bear market, would the wheel strategy work?

I just found you - I’m going to test the wheel strategy on Monday using PLTR - just 1 contract. By the shares and then sell a covered call as long as the market looks like it might try to pop. I like and subbed and will be following your channel. Thanks for the great, detailed content .

Excellent explanation on various scenarios Markus. Question: why wouldn’t you sell Apple call below your cost basis? Lets assume you sell 100 strike, collect much higher premium, then there are two scenarios: price keeps dropping you collect that premium and reduce cost basis or price increases and you just roll out and up for a credit and still reduce cost basis. I think it is better than just waiting for a bounce. What do you think.

I started trading this strategy before I even realized there was a name for it! Thank you for sharing your knowledge. ❤😊

I remember when I saw the start of the strategy and also tought that you where overly conservative... now I see! In Tuesday I had to close some of my positions to maintain the margin and had to close at a lose, almost 25% of my already small account was wiped out 😅😅, this time i let some room and thankfully fared better. I like the way you put even your loses! A lot of traders only put their wining trades and kind of want to make it look easy, almost like a scam! Thanks 🙏

So lucky to have found your channel this week.

doing options on AMD and Aapl now after 3 years....@202 and 165 strikes.....validates your point...good stocks go up significantly...just buy them if you get assigned and keep doing covered calls. What fo you think of etfs like SOXL to do options with including covered calls?

Great video Markus, you have just calmed my nerves, was definitely panicking, going to work on my plans. Thank you!

Very helpful video! I am in very similar position, just different stocks and much smaller scale.

Agreed. Please advise your updates on these stocks and why you didn’t roll positions.

Very nice video. I always like to look at how things can screw up and what you can do about it to help the trade in your favor.

.. fantastic.. this is very educational channel. I love your personality sir and ty.

I was assigned WKHS at $35 a few weeks ago. I was excited to own and then sell premium, but now the equity is half the price after it lost the USPS bid. I will continue to sell calls, but its looking like it will take a LONG time to make enough premium to turn green on this one trade. Is being patient a good decision. I am NOT nervous or panicking - but I wonder is closing the loss will open up the capital for better trades? Thoughts?

Why didn’t you buy to close the puts and roll them out farther out in expiration?

Yes breaking it down is very helpful. Keep up the great work!

Thanks for this Markus, sad that I just came upon your videos only now. If I had seen this earlier it would have help me avoid my current 60k unrealised lost. This has wiped out my options premium of 15k profit for 3.5months.

Awesome video AGAIN! Markus...ty you for your openness, positivity and explaining situations. BRAVO! STOLAT! your friend JOHN S.

I am learning and appreciated the explaination.

Me watching this while ride is at $12 strike. I am so feeling your pain right now.

love the energy!

So, instead of rolling the option on Friday afternoon, Markus prefers riding "bareback" over the weekend - smoking the hopium of price improvement in the underlying on Monday ... or Tuesday ... or whatever. At some point, if the price does not come back you gotta close the position for a big loss or write that option that "locks-in" a loss, just to lower your cost basis. This is the tricky/art of the wheel trade Markus ain't tawkin-bow cuz he wants to blow sunshine up your xxx.

this is VERY helpful! Thank you, Markus!

Loved it. Im following this strategy in Indian market and it works perfectly fine there as well. Currently im in trouble where I might need to take delivery of a stock called HDFC Bank. But after this video I wont panic and will do more call selling of next expiry. Cheers!

In your first example with AMD GDX DBX RIDE AAPL, the cost to cover all those contracts would be close to 400k, are you playing with cash or using margin? How much margin? Can you cover how to use margin with options?

Thank you Markus. I learned about the mistakes I am doing in wheel strategy👍🙏

What if you got assigned a stock like CCL in Feb 2020 . and then March happened. How would you trade?

Great video!!

You have been such a blessing to my trading. I love the wheel; my plan isn’t as aggressive as far as ROI so I’m selling way out of the money puts but I’m still making a good monthly income. I have not yet been assigned but I know will likely make way more when I do get assigned. Thanks so much.

I've done this a few times last years and a little this years so far. Mostly penny stocks and not mid to large cap stocks. I hold them no matter what....

This video is very helpful and please make more like this

Thanks for the lesson.

Would love to join your live chat on Monday if it's still going.

I'm very late to the party but am looking forward to doing this with those types of stocks but for now I'm stuck with cheap stuff to make the cash for the big boys. All in time.

yay I was the 300th like! small wins... big gains! Ordered your book 📙

Excellent video, TYVM.

Hi Markus, do you look at the risk reward ratio (premium / buying power) or just look at the technical analysis?

The only thing that I would do differently is sell my cover call further out of the money. Perhaps at a 22 Delta… or one standard deviation. You will miss out on a lot of upside if you sell your strike at the same price that you were assigned the stock . Having unlimited downside but limited upside doesn’t resonate with me :-(. However, I would sell cover calls at the same price that I got assigned the stock if the stock was trending downward.

Why not sell the AAPL calls for small premium? Get paid a little to wait a week and try again. Or are you hoping for more premium early next week. Thanks

Hi Markus. I love all of your videos but this is one of my favourites. Thanks for the great advice!

Thanks, very beneficial! 👍

Hi Markus, thanks for your videos. it’s definitely helpful for a beginner options trader like me and your step by step demos using a live account definitely makes it easier to follow. have u been a lecturer / teacher by any chance? as your videos are easy to follow and understood! thank you

This strategy is working well for me! Thank you Markus!!!

The problem with the wheel is that it leads to getting assigned at strikes that can easily end up in the wrong order. In other words, one will easily end up buying the stock at higher strikes than when selling it, missing great buying opportunities in the process. There is some profit to be made at first, undoubtedly, but it is fairly modest with regards to the capital invested and the risk taken. If the wheel was that great strategy, then everyone would be doing it already. All that said, it's always interesting to see how others trade and how they think. I always learn something useful. Thanks for that.

Hi Markus, this video is so helpful. Thank you.

It reminds me of that classic song: Roll your trade roll, roll, roll your trade! Its a boat? who would roll a boat?

How did that RIDE stock work out for you?

Very clear, thanks

Keep doing this Sir! I like it!

Good good good good good!

You use a 250k margin. What´s the interest you pay for this money and where do these expenses show up in your accounting? With regard to risk management, what happen´s when markets tank like they did in 2008; aren´t you afraid of blowing up your account? Thanks.

But my stocks dipped too much and the selling of Calls provides very little premiums now. How do I fix this?

Markets with Markus!!

Hey! Markus, you're a really useful person. I'm asking you to make more videos about Binary Options and their strategies. I hope you see this comment.

very helpful, thank you

Ride is a bad choice. Good explanation

"But we'll worry about this in just a moment" >> That's what I call keeping your head cold =D

Any thoughts on selling covered strangles if you are assigned on you put option. Collect premium on both ends?

Thanks for the video Markus, I'm stuck in a trade with WMT at the moment... Your AAPL trade is similar

I was gonna get assigned 1k shares of NKLA on Friday but I closed position, however I didn't want any open positions this week because of Q2 data thus week, possible recession. That was my plan.

I like this strategy you just leave your trade until expiration it's so simple. Unlike other option channel they are discussing IV rank, standard deviation, broken butterfly, and so on and on... is so difficult to follow complicated graphs.

This guy is high all the time. Love it

That ride trade question aged well 😂😂... Would u want to keep RIDE premium or sell the 4700 shares and lose 8k ... We now know the answer 😂.. on a side note ur channel helped me a lot

Markus, on the AAPL trade why not sell calls below 133 for this increased premium if they become in danger of being exercised roll up and out? Any reason you don’t do this?

awesome possums Markus...loved it

Hey Markus, thanks for all of your informative videos! Quick question.. how are you calculating the "minimum option premium" when it comes to selling calls?

Great Video Markus !!

What a great explanation, just don't panic because it is normal for the market to go up and down. This month you lose next two month your even and next following you are a winner again as long you don't sell and will keep holding your Stock. You will get panic only if War happened.

But when you're assigned with AAPL won't you be paying the interest on your margin until the price rebounds and you get your covered call assigned at the cost basis?

Why not make money on AAPL? $100 is better than 0.

I feel like im hearing Owen Wilson, and i love it

Why not sell the calls when you’re deep in the money at expiration(Friday)? Is it smart to risk what the stock will do on Monday?

yes

Very good video. Very useful. But how can you lose money on the wheel? Your trade were all pretty positive? Thanks for sharing the wisdom!

You're awesome Markus! Question -- You say if AMD & DBX close above $83.50 and $21.50 respectively, you'll just collect premium. Got it. Are the expiration dates of the option chain the same - February 26? I guess what I'm wondering is - do you do this evaluation (as your describing) every day? Or just when you're positions are deeply in the red? Or just when they are nearing expiration? Thanks :D

Markus, how much margin do you use when trading options?

If you get assigned do you use the margin as you have to buy

What nobody ever seems to talk about is what you do if the underlying falls significantly beyond your strike. What if you sold a CSP at $135 and the underlying falls to $112 @ expiration? You won't get hardly any premium selling calls @ $135. Do you sit on the position until the stock rises closer to your assignment price? What if it keeps going down? What if this happens to most of your positions due to a significant market correction? Getting assigned slightly above the market price is typically no big deal but it's far more difficult to manage through if you you get assigned way above the market price. For this reason, knowing how to roll can be valuable. If you prefer not to roll to avoid assignment, selling CCs below your cost basis to generate better premium can also have value (but you may have to use rolling up and out as a strategy to avoid selling shares below your basis). I understand the sentiment of the video but it doesn't account for what might happen in a market that drops and then trades sideways or trends downward.

Sorry about your RIDE stock being delisted.😮. Sucks…but it just goes to show us the risks.

Are you always selling one week out ? For the wheel strategy

Love your content! So helpful thank you!! We’ve been trading the wheel for just 3 weeks now and got our first assignment today. How do you know at what point to sell the CC on Monday? When do you pull the trigger? Thanks!

Yes very helpful thank youuuuy!!!

does the premium go into cash or does it go to buying power?

I do love your videos