{ "media_type": "text", "post_content": "best stocks under $35 to do the Triple Wheel Strategy?", "post_id": "60f1fd827f4a100020d0823f", "reply_count": 12, "vote_count": 2, "bowl_id": "5acc42208c6b52001375e11e", "bowl_name": "Option Traders & Investing" }

best stocks under $35 to do the Triple Wheel Strategy?

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AMC

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*grumbles in independence

Didi

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What’s triple wheel?

I think they meant triple income play. Which is just a normal wheel

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Arkk good premiums.

My definition of Triple wheel - Sell a ITM Leap Put Option when market is shitty and insanely down. Imagine Tesla at 400. 2023 ITM will pay u 24k premium. Using 50% of that premium buy a Leap option on Tesla. Generate income by doing covered calls on the Call Option. This is my definition of triple Wheel. If u get assigned u will in 2023. Assuming Us economy is going to boom. Assume underlying is a good conviction. Don’t do on underlying u don’t trust.

Thanks..you can also check swaggy stocks for high IV stocks by stock price

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