Wheel strategy Strategic Exit and Reentry with QYLD Options
Strategic Exit and Reentry with QYLD Options
My covered call on QYLD at $18 was exercised, meaning my shares were called away. While I earned a $0.26 premium, I wasn’t in a rush to immediately buy back the shares. Instead of chasing the stock, I took a more calculated approach by selling a cash-secured put at $17.66.
This move serves as a buffer against a potential market drop. If QYLD falls below $17.66 by expiration, I will be assigned shares at that price, effectively repurchasing them at a discount. However, if the stock stays above this level, I keep the $0.10 premium without buying the shares, generating income while I wait for a better entry.
This strategy aligns with my preference for selling puts at levels where I’m comfortable owning the stock. By doing this, I maintain flexibility—either accumulating shares at a lower price or profiting from the premium collected. If the market continues declining, I can repeat this process, selling additional puts at even lower strike prices while continuing to collect premium.
By taking a more measured approach instead of jumping back in immediately, I lower my risk while ensuring steady returns. This is a key reason why I often combine covered calls and cash-secured puts—allowing me to generate income regardless of market direction.$Global X Nasdaq 100 Covered Call ETF(QYLD)$ $QYLD 20241115 18.0 CALL$
Many thanks
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
