Month: April 2025

So I have the grand sum of four gbp so far, but I am not complaining. I’m continuing the wheel. Let’s take a look at ford on the daily chart: The RSI here is 55.00 ish. The weekly chart: Rsi is 52.04 So it’s looking a bit toppy really, meaning the next put is going...

So I placed a second trade ever, selling a put on Ford. I sold it for a strike of 9.00 for a premium of 4.00 (in total, i.e. one contract of 100 shares means I received a premium of four dollars (as far as I understand). The contract was for four days out in the...

So yesterday, after the hoops and hurdles, I actually placed my first ever options trade, and I want to go through the screenshots I took from Interactive Broker and explain the data. The finish order is: F April 17 25 9 Put 1.94 Screenshot One IV (in the centre above the chosen strike) 50.7 VWAP:...

So this is my first attempt at running the wheel. I’ve put 1100 gbp in my account and will try making a cash secured put. My feeling of the charts is that … I might get assigned! So perhaps lets start a little cautious. My First Options Trade: Selling a Put on Ford (F) –...