How to trade the wheel strategy - The million dollar income option strategy.

This video is about the mechanics of the wheel strategy and how you can optimize the income portion if you are willing to take on additional risk. If you are new to options, this should help explain this simple but powerful strategy. Thanks for watching! SEEKING ALPHA AFFILIATE LINK: If you are interested in joining Seeking Alpha you can use the link below. Use this special link to get a reduced price versus the regular rate of $239: https://www.sahg6dtr.com/7GQSPJ/R74QP/ As an affiliate of Seeking Alpha, I do receive compensation for signups with this link. My opinion is my own and does not reflect those of Seeking Alpha and this video is not a recommendation or advice for any particular security. Start the day off right with a 10% return! Earn $10 for signing up and depositing $100 on M1 with this link: https://m1.finance/s3iOWJ1ZInHH 0:00 Intro 0:59 What is the wheel strategy 1:57 Step 1 Picking stocks and ETFs 3:15 Selling time value - Our advantage 5:59 Step 2 Picking an expiration date 6:38 Step 3 Picking a strike price 7:19 Selling a put example (PFE) 8:31 Selling a call 3 ways 12:15 Selling call example (CAH) 13:32 Wheel Strategy Enhancements Related videos: Rolling Options    • Rolling Options - How to Roll an Option fo...   Buying ETFs with options    • Buy ETFs on the dip with options! Don't pa...   REIT meets covered call    • REIT with a Covered Call - Buying real est...   Selling QQQ Options    • QQQ - Selling Options for INCOME. Simple s...   Selling SPY Options for Monthly Income    • Selling SPY Options For Monthly Income. A ...   Trading Options on Fidelity - Basic options and how they work with live examples on Fidelity    • Trading Options on Fidelity - Basic option...   Selling Covered Calls    • Trading Options On Fidelity - Selling Cove...   Monthly Dividend Stock Meets Covered Call    • Monthly Dividend Stock meets Covered Call ...   Understanding Basic Options    • Understanding Basic Options   QYLD Review    • QYLD - How this 12% Yielding Monthly Payin...   Additional Tags: Wheeling options, Wheel Strategy, Optimizing the wheel strategy,Rolling options for income, Rolling a put, Rolling a call, Rolling up and out, Income ETF, JEPI, High dividend ETF, option strategies, cash secured puts, simple option trades, Covered call options, ATM covered calls. SPY ETF, Selling Options, QQQ Options, QQQ vs VOO, Options for Income, Options during earnings.