Ford Week 3 - Selling Another Call Option
Episode 3 of Operating the Wheel Strategy on Ford
Today we take another look at the Ford position. We'll review this position every week so you can follow along with me as I operate the Wheel strategy on Ford.
The idea here isn't to show off any trading technology, rather focus on operating the strategy, so I try to pause and fill in my thoughts as much as possible as we're looking at the chart and deciding on which call option to sell.
Next week we'll take another look at the cost basis of the shares and the previous trades in Ford so we can stay grounded in the decisions and understand how the position is evolving. We'll also likely sell another call option.
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