It takes many people YEARS to realize the wheel is a trap.


On paper it sounds perfect.
Sell puts, get assigned, sell covered calls, repeat. "Income machine."
Here's what actually happens:
You sell puts on garbage you don't want.
You get assigned.
Now you're stuck selling covered calls that CAP your upside on the rebound.
So you make pennies while the good companies you SHOULD have owned run without you.
The wheel keeps you busy.
It doesn't make you rich.
I'd rather sell long duration portfolio secured puts on elite companies and let them compound.
We are all here to make money... RIGHT?
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