Today is Christmas eve, and my wheel should only bring in around $353 this month
if I do this the long term, how do I get more consistent earnings monthly?
One thing I can improve on is to ensure I do not wheel stocks that have prices that are too high
for example, I got assigned TDOC at $140
each portion of my short puts is around $10k
TDOC crashed to around $100
but I am unable to Fly Rescue Mission
because one portion of FRM is around $3.3k, which is one third
in other words, I cannot make money selling puts at 70% drop in price
and also lower my cost basis
so for a $10k trade, the max price of a stock should be around $50
so that when it crashes 30%, the price will be at $35, which I am able to sell puts at.
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