Short Term Wheel Trade on NUEAnother successful Wheel Trade on NUE:
Tradingplan á la Rockwell Trading:
Look for stock that is lower than yesterday
Check the chart for a support level
Check the fundamentals of the underlying
Check correlation to your portfolio
Don't be scared if you get the stock assigned
Calculate the strike for a decent annualized ROI
Trade ENTRY:
Entry: 2023-05-24 09:52
Total premium netto: $ 118,64
Contracts: 3
Type: Short Put
Strike: 129
Expiry: 2023-05-26
Trade EXIT:
2023-05-26 16:20
Expired worthless
ann. ROI: 118,64 / ( 129 * 300 ) * 365 / 2 = 55,94%
