The Options Wheel Strategy: An Insightful Guide
Options trading, with its myriad of strategies and trading structures, presents a world of potential for investors seeking a strategic approach to the cryptocurrency market. One such strategy, known for its systematic and repeatable nature, is the 'wheel options strategy'. It combines various elements of options trading into a singular, rotation-like approach, thus earning the moniker 'the Wheel'.Understanding the Options Wheel Strategy:This Strategy involves three sequential steps: selling a cash-secured put, potentially owning the cryptocurrency, and selling a covered call. It's a cyclical strategy that 'wheels' around these st...