Ep85 – Double Dipping When Trading the Options Wheel

Market Taker Mentoring provides options trading education and training for traders of all experience levels worldwide.

     

      • Dan explains how certain Wheel trades can create an opportunity to “double dip” by collecting option premium from both sides of a stock position. The strategy is a covered strangle, combining stock ownership with a short call and a short put. Dan uses a real position in The Metals Co. (TMC) to show how this setup can develop naturally while trading the Wheel.



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