u/bangers132

I got assigned this week at $16 over my strike price. I already had a negative cost basis on the shares so I was not upset at all to let the shares go. But in general I am curious if traders who use the wheel strategy utilize a stop loss to hold onto shares and avoid large taxable events?

I’ve been waiting patiently for a single red day to re-enter with cash-secured puts and indexes have climbed steadily for over a week now. I am still fairly convinced the market can’t sustain this growth with the current economic climate but I can’t sit on the sideline waiting for that to happen. I know the perfect time to buy is always right now, but it’s very hard to do that in the moment.

What are you all doing with your positions currently?