▲ 1 r/options
I'm having trouble deciding how to execute my wheel, specifically on the call side. They say to only wheel stocks you're ok with holding which is what I've done. Now that I've been assigned on my CSPs, do I sell a call (which is more than my cost basis) and let it get assigned, gaining profit from the call and the stock sale? Or do I roll it out when ITM and risk losing out on higher premium chances, but keep my shares? Since these are stocks I want to own anyway, am I better off with stocks at a (relatively) cheap price? Or do I take the profit of the increased stock value and re-wheel it?
What is your strategy?
u/El_Jeffe24 — 10 days ago