hey Lukas, while I think there’s no real benefit in trading the wheel in most cases, if you want to own 100 shares of a certain stock you can still use the concept and sell a put instead of going and buying it directly. Say you want to get into QQQ bef the potential upcoming year end rally - instead of buying the stock, you can wait for a down day and sell a put 1 to 7 days out targeting a better price below where QQQ is currently. If you get assigned you made a few bucks selling that put and you will keep that money plus your shares - just don’t start selling the freaking calls because that’s when you cap your upside and later you will miss the gains. If you don’t get assigned, rinse and repeat, if you are lucky you can keep doing it for a while - the mindset only need to be “this is a good asset and I want to own it”, so that you don’t end up bag holding crap. BEsides that, Tibor published the GLD put selling idea ( GLD Put-Write Strategy | Deltaray Blog ) - gld has been on a tear since last year and this strategy has been very good, and it’s unlikely that you would regret by getting assigned on GLD shares, giving the potential that gold has pontential to keep going higher in the foreseeable future. Another public strategy that I contributed a while back was the relaxed superbull ( SuperBull and Relaxed Variant | Deltaray Blog ), it’s a call debit spread that you add following a simple entry rule (risk_reward < 0.7, which normally is provided by the brokers when you build the trade) and has a stop loss and profit target - if none are reached in 60 days you exit. I did a quick run on recent performance and it beats buy and hold and you get a considerable increase in the calmar ratio (+40%) - i consider it very safe for any beginner and it’s defined risk - even if you screw up will not get badly hurt: MesoSim Portal by deltaray
Tibor should also now and then publish some new public strategies and you can check how confident you are to try them out.