Investment Strategies

The strategies featured on this site extend beyond the Wheel Strategy.

You’ll also discover advanced trading techniques that equip you with the knowledge to progress to the next level of options trading.

This mirrors my personal journey as well, transitioning from the Wheel Strategy to other techniques like credit spreads, broken wing butterflies, black swan hedges, and beyond.

As the site evolves, you’ll notice a gradual expansion of strategies and analyses in our articles database.

Why “Wheel Strategist” if it covers other strategies?

While I did consider rebranding as I delve into more options strategies, I ultimately decided to stick with ‘Wheel Strategist’.

This is because without the Wheel Strategy, my journey into options trading wouldn’t have begun.

Furthermore, I firmly believe that the Wheel Strategy remains an excellent approach suitable for all investors.

In fact, if you’re buying stocks for investment, leveraging at least the cash-secured put aspect of the Wheel Strategy is advisable.

Risk-First Approach

As a person who despises losing money, you’ll consistently find me discussing risk in all the strategies I plan to trade.

In my view, prioritizing risk should precede any consideration of potential profits.

There’s no sense in earning 5 – 10% monthly only to lose all gains in a day or two due to adverse market conditions.

Hence, unlike many resources online that solely highlight profit potential, I always prioritize addressing the inherent risks that could potentially devastate a portfolio, especially in a black swan event.

Whether you’re a novice trader taking your first steps or an experienced investor seeking to refine your skills, I hope you find something valuable on my site.

Strategy Development  

Although the Wheel Strategy was the first options strategy I learned, I'm constantly expanding and refining my options knowledge.

What I've come to realize is that an options strategy is just a technique — what truly matters is understanding when to apply that technique based on the market conditions and the underlying. 

On my Strategy Tester page, you'll find the strategies I'm currently testing, along with specific entry and exit parameters. My goal is to document at least 100 trades for a adequate sample size.

At the moment, I'm testing four strategies simultaneously. These strategies are continuously refined as I work to solidify the entry and exit criteria, ultimately aiming to improve the risk-to-reward ratio. Please remember to conduct your own due diligence before replicating any trades.

Connect With Me

Join the Wheel Strategist Community

• Substack: I operate a newsletter titled “Options Optima,” regularly updated with insightful articles aimed at enhancing your understanding of options.
• X (Formerly Twitter): Follow me on X for insights into my latest trades and bite-sized wisdom on options trading.

I value your feedback and suggestions, which help me continuously improve my website.

If you have any thoughts or suggestions, feel free to submit them through the contact page.

 

Warmest regards,
Max (The Wheel Strategist)