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u/davicchi 5 hours ago Wheel

Wheeling and Leverage on my Blown Retirement Account, Week 16

This is for learning purposes, it is to track wheeling & portfolio optimization. This retirement account was blown through testing various trading strategies and poor position sizing. Baseline: 50/50 QLD/$USD. With QLD as my core position, it roughly acts as 100% account exposure to QQQ. The other half of the portfolio will be used for wheeling income and dry powder for Nasdaq dips. Order of significance for wheeling: Assume assignment, size small & diverse Annual yield% to be greater than 3x risk-free rate and sell on high IVR for better edge Close early for tail risk, stagger dates and roll on discretion. Assets correlate to 1 in a crash, stay liquid & patient I’ve been eyeing metals and the health sector, some good volatility there... I wrote a PFE put contract at \~.25 delta, it’s the best I can do with my account size and risk. approx. 52.03% $USD/Wheel 47.97% QLD (\~96% QQQ)
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