1
100%
u/davicchi
4 days ago
Wheel
Wheeling Weekly Leverage on my Blown Retirement Account, Week 7
Disclaimer: This is for research purposes.
Strategy: Use leverage to free up capital for puts. Sell weekly csp/strangles on a leveraged SOXX by writing far-otm SOXL/SOXS puts, depending on personal discretion. From weekly profits, DCA shares of TQQQ/SOXL to poorly mimic LEAPS. Then, sell otm covered calls on TQQQ/SOXL to poorly mimic PMCC & call away shares when over-weighted.
Because the portfolio needs a way to pivot into a bull market, I bought 7 shares of TQQQ & 2 shares of SOXL from the profits made since wheeling. Market seems stable until next fed decision. Writing puts will underperform the underlying over time, so I’ll need to DCA in & out of shares when my risk & sizing makes it hard to sleep. I always need my beauty sleep.
approx.
93.1% $USD
6.9% LETFs (4.5% TQQQ, 2.4% SOXL)