NOOB SELLING OPTIONS
WHEEL OPTIONS STRATEGY
The Wheel Strategy is a systematic way to sell option cash-secured puts and covered calls as part of a long-term trading methodology. In essence, you keep selling options on stocks that you are bullish on, to generate monthly income. Basically, you repeatedly sell cash-secured puts (CSP) to collect option premium.
BULL PUT SPREAD
A bull put spread is an options strategy that an investor uses when they expect a moderate rise in the price of the underlying asset. The strategy employs two put options to form a range, consisting of a high strike price and a low strike price.