Good Stocks For The Wheel Strategy – FAQ

Now, this FAQ is about something other than how to make the most money with the Wheel Strategy or the best Wheel Strategy stocks to maximize return. It’s a simple question; if asked, I would answer…

What Are Good Stocks For The Wheel Strategy?

Good stocks for the Wheel Strategy are stocks you are willing to hold long-term. 

Yes, the Wheel Strategy can go wrong, and I learned this firsthand. I was focusing on getting the most premium for PUTs I sold and needed to focus on better stocks I wanted to hold.

So when stock prices fell, with many in its sector, I was left holding stocks I couldn’t sell good CALL options for. Not being able to sell CALL options for my assigned stocks broke the wheel for me.

I also couldn’t sell these stocks without a loss, so I tried my best to make the Wheel Stragety work, but it didn’t. I didn’t want the stocks and felt the money was tied up in bad stocks, so I sold them for a loss.  

A valuable and costly lesson on what are good stocks for the Wheel Strategy. I don’t plan to repeat this mistake, and I hope this is a lesson you don’t repeat.

Thank you,

Simple Wheel Strategy Steps Infomatic
Tom, Growing His Passive Income Generators.
Myself with an interesting Bull Sculpture.
Notice: No Lambo’s. :/
Hi I’m Tom, A Blogger And A PIG Farmer.

PIG Farmer as in I grow Passive Income Generators(PIG’s).

I’ve been playing with stocks, mutual funds, and options for decades, as well as always working on my side hustle stacks.

Unlike what you read online, I’ve yet to find a way to get rich quickly. Get Rich Quick isn’t happening for me.

My journey has been long and continues. I hope to have so many PIGs I can stop working at my current job and volunteer as a medical worker overseas. 

Still waiting, but getting there. I still am a family man, and while on this Journey of Growing PIGs.  

I wanted to share my adventures(ups and downs), hoping you will contribute with your feedback and comments.

Fun Fact: In my spare time, I am a Band-Dad!

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