Trade credit put spreads for income with the goal to collect 80% of initial credit and sell calls against stock if assigned.
I trade a strategy which is a modification to the standard Wheel Strategy. I sell put credit spreads on stocks and ETFs for income. I attempt to close each position for 80% of the initial premiums received. If assigned the stock, I will sell covered calls until the stock is taken away (for a nice profit). By using the ...