I’ve traded hundreds of Wheel trade over the last 21 years.

The results will change how you approach the Wheel forever…..

Here's what the data revealed: 🧵 Most traders obsess over delta selection:

• "Should I sell 15 delta for safety?"
• "Can I push to 40 delta for more premium?"
• "What's the perfect delta?"

After two decades of trading, here's what I've learned...

🧵 Paul Tudor Jones just dropped a masterclass on CNBC.

If you're trading this market, read this: 1️⃣ “It feels like 1999.” PTJ says all the ingredients are in place for a massive rally before a blow-off top.

🧵 𝗧𝗵𝗿𝗲𝗮𝗱: 𝗜𝘀 𝘁𝗵𝗲 𝗔𝗜 𝗕𝗼𝗼𝗺 𝗝𝘂𝘀𝘁 𝗔𝗻𝗼𝘁𝗵𝗲𝗿 𝗗𝗼𝘁-𝗖𝗼𝗺 𝗕𝘂𝗯𝗯𝗹𝗲?

Ken Griffin Thinks So. 👇 Ken Griffin, CEO of Citadel, just dropped a bombshell:

“There are obviously echoes of the dot-com bubble in this moment.” Let’s unpack what he means—and why it matters for your portfolio.

Most traders choose the WRONG delta for put spreads and kill their returns...

I've traded 1000+ put spread trades and found the optimal delta selection.

Here's what the data reveals: 🧵 First, let's understand what delta actually means:

15 Delta = 15% chance of finishing in-the-money (85% success rate)

30 Delta = 30% chance ITM (70% success rate)

40 Delta = 40% chance ITM (60% success rate)

Higher delta = more premium BUT lower win rate.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗮𝗿𝗲 𝗺𝗼𝗿𝗲 𝗳𝗿𝗮𝗴𝗶𝗹𝗲 𝘁𝗵𝗮𝗻 𝘁𝗵𝗲𝘆 𝗮𝗽𝗽𝗲𝗮𝗿.

Nassim Taleb just dropped some serious truth bombs about risk, debt, and the U.S. economy.

Here’s what you need to know (and what Wall Street won't tell you): 🧵 𝟭. 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗮𝗿𝗲𝗻’𝘁 𝗱𝗿𝗶𝘃𝗲𝗻 𝗯𝘆 𝗳𝘂𝗻𝗱𝗮𝗺𝗲𝗻𝘁𝗮𝗹𝘀.

They’re driven by allocations and behavior. Don’t mistake noise for signal.

Bearish on a stock but want to limit your risk?

The Bear Call Spread is a smart play.

This options strategy lets you profit from a declining or neutral market while capping your downside.

Here’s how to execute the Bear Call Spread best: Understand the Structure.

A Bear Call Spread involves selling an out-of-the-money call and buying a further out-of-the-money call.

This creates a net credit, meaning you collect premium upfront.

𝟵 𝗔𝗗𝗩𝗔𝗡𝗖𝗘𝗗 𝗢𝗣𝗧𝗜𝗢𝗡 𝗧𝗥𝗔𝗗𝗜𝗡𝗚 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗜𝗘𝗦

Tired of the same boring option strategies?

Discover 9 powerful strategies that can dramatically improve your game.

Intrigued?

Keep reading, get ready for a breakthrough. 1. Rhino

Brian Larson created the Rhino trade. It is a Broken Wing butterfly traded on $RUT with specific entry, adjustment and exit guidelines

The trade is slow moving with a flat T+0 line and is sometimes called a “vacation trade” as it doesn’t require too much monitoring

I’ve been trading options since 2004 💵

I’ve been teaching other traders about options since 2010 👨‍🏫

I write daily option articles for Barchart and IBD 💸

I’ve traded thousands of options contracts 💰

Here're some biggest lessons I've learned on this journey👀

THREAD 🧵 1. Find a strategy that fits your personality and lifestyle

I don’t want to be glues to a computer screen all the time.

So, I find lower volatility, lower stress trades that move slowly.

Ready to learn from a master of trading?

Meet Jesse Livermore.

He’s known as one of the greatest traders of all time, and Livermore's strategies still work today.

Here are 7 lessons from Jesse Livermore to elevate your trading game: 1.Cur Losses Quickly

Don't let losses spiral.

Set stop-loss orders to protect your capital.

Accept small losses and move on.

It's about survival, not ego.

Bull Put Spreads are by far my favorite option strategy.

But when should you use it?

Is implied volatility important?

Which stocks should you choose?

I will answer all of these questions and more in this thread 🧵🧵🧵

Let's begin 👇🏽👇🏽👇🏽 A bull put spread is a positive delta (bullish) trade that is short vega (also benefits from a decline in implied volatility).

Bull put spread traders are “premium sellers”, but selling premium comes with risks

Ever wondered if technical analysis actually works? 🤔

I'm here to tell you it's more than just chart patterns and predictions.

Dive into this thread 🧵 to discover the 4 key elements I always focus on! 1/ RSI Divergence

Here is a classic example of an RSI divergence on an uptrend

We see that $CRWD is in an uptrend

The price peaked at point A and then the price made a higher high at point B

Why Consider Options Trading for Retirement?

Income Generation: Selling options can provide consistent premium income, supplementing retirement funds.

Flexibility: Options offer multiple strategies to tailor risk and reward to your retirement needs. Diversification: Including options can diversify your income streams beyond traditional investments like stocks and bonds.

𝟵 𝗔𝗗𝗩𝗔𝗡𝗖𝗘𝗗 𝗢𝗣𝗧𝗜𝗢𝗡 𝗧𝗥𝗔𝗗𝗜𝗡𝗚 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗜𝗘𝗦

Tired of the same boring option strategies?

Discover 9 powerful strategies that can dramatically improve your game.

Intrigued?

Keep reading, get ready for a breakthrough. 1. Rhino

Brian Larson created the Rhino trade. It is a Broken Wing butterfly traded on $RUT with specific entry, adjustment and exit guidelines

The trade is slow moving with a flat T+0 line and is sometimes called a “vacation trade” as it doesn’t require too much monitoring

📉 Biggest Stock Market Crashes in History 🕰️

Let's take a look back at some of the most significant stock market crashes that have shaped financial history. 💥 The Great Crash of 1929 🌐 The most infamous crash, marking the start of the Great Depression.

In October 1929, the Dow Jones plummeted nearly 25% in just two days, wiping out billions of dollars and leading to a decade of economic hardship.

🚀 Ready to elevate your options trading game? 🚀

Here are some of my top resources that have made a huge difference in my trading journey. 🧵👇 1/ 📚 Books:

Options as a Strategic Investment by Lawrence McMillan



Options Volatility and Pricing by Sheldon Natenberg

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How do you manage a Covered Call when the stock has had a big drop?

I get asked this question ALL THE TIME

So, let’s talk about how to handle this scenario

Remember to bookmark this tweet Let’s say you started a Covered Call and not long after the stock dropped from $45 down to $30, a drop of 33.33%

If you try to sell calls above your cost basis of $45, there will be basically no premium there at all

🧵 Unleashing the Rhino Strategy: An Options Trading Gem 🦏💎

1️⃣ Have you heard of the Rhino options strategy? It's a powerful strategy that aims to take advantage of low volatility markets while limiting downside risk.

Let's dive into the key aspects of this fantastic strategy and see how it works. 📈💡

10 Books Every Investor Should Read:

1. How to Make Money in Stocks 2. 24 Essential Lessons For Investment Success

📚 Seeking trading wisdom?

Dive into "Long Term Secrets to Short Term Trading" by Larry Williams, a trading legend with 50 years of experience! Discover his unique insights on risk management, market structure, and identifying profitable patterns

Uncover the keys to successful trading and join the conversation with fellow traders. 📈💡

All Traders are Momentum Traders

Some just don't know it yet

But Momentum runs the market

If you aren't trading with you, you are looking for it to turn

Here are a few ways to read momentum and a simple way to trade it 1. Price Patterns

Price pattern trading can be tricky

Not everyone sees the same trade at the same spot

But an easy way to see momentum is just by looking at prices

If the stocks is making higher highs and higher lows

Its got buying momo

Take a look at This $NVDA chart for

I’ve been trading options since 2004 💵

I’ve been teaching other traders about options since 2010 👨‍🏫

I write daily option articles for Barchart and IBD 💸

I’ve traded thousands of options contracts 💰

Here're some biggest lessons I've learned on this journey👀

THREAD 🧵 1. Find a strategy that fits your personality and life style

I don’t want to be glues to a computer screen all the time.

So, I find lower volatility, lower stress trades that move slowly.