The Options Wheel Strategy: The Complete Guide To Boost Your Portfolio An Extra 15-20% With Cash Secured Puts And Covered Calls (Options Trading for Beginners) Paperback – May 20, 2021

Finally, after many years of trading I found this book that shows a strategy that does not require a lot of time to implement and has provided me with an additional source of income without the stress of regular trading! This is for sure one of the most valuable books I have read on trading and now my “go to” strategy in the stock market.

There are a lot of people on YouTube showing how to trade options using The Wheel, and most of them are pretty good. This book, though- very good explanations that cover what is needed to be successful in these trades, without veering off into the tall weeds and causing confusion.Bottom line: I began trading a few months ago using this book as a guide, and in particular the guideline for screening stocks/ETFs that are good candidates for this approach. I've made a few thousand dollars, and while it's certainly not enough to live on (by itself) or retire on-- it's a few thousand dollars I would not have had.I started out with $3500 in the trading account, just for Proof of Concept. Since then I have added to the account and have seen the profits grow accordingly.Retirees- consider this: Paying Yourself from your retirement accounts -without- having to sell off assets for monthly withdrawals. Even if you can't fully fund it from trading, you may be able to do say, a 2% drawdown rather than the "standard" 4% you hear so much about-- and preserve more of your capital in the meantime. This is All Cash, no leverage. It's worth your time to educate yourself on this, and this book is an excellent primer.

The Wheel Strategy is simple and relatively safe It is a simple strategy and can be a good starting point for option traders. I found it somewhat verbose and repetitive. Still it gives good information. The best part is that it is free reading! Thank you!

Not only is this book easy to read, it comes with bonus videos that explain things in more depth. Most of these types of books are a prelude to try to sell you something else. This publication is not a sales pitch, it provides actual instruction and anyone can begin making money after reading this book day one. Freeman Publications is the real deal and the CEO (Oliver El-Gorr) wants you to succeed. This isn't a get rich quick scheme, rather a long term money generation strategy that will allow you to grow your money to outpace inflation and the average market returns. I've read the book multiple times and actually spoken to Oliver about it. I've also purchased several copies for friends and family so they too can reap the rewards of this simple easy strategy of making a decent return on your investment. Thank you Oliver and team for sharing your knowledge.

This book has a very easy to understand structure that takes someone like me who has always viewed investing as some mysterious feat using chicken bones and dice and turned it into something I think I can try, albeit on a very basic level.The book sets you up to pick good candidates for a trade making use of free tools that are available and while showing the more advanced methods, sticks to the basic techniques that can get you started.My practice is to buy books on Kindle to save money, and then buy the hard copy of books for long term ownership. My paper copy of this book just arrived to join my book collection.I also recommend visiting the author's Youtube channel for his many works there which both teach and inform.

I was utilizing a similar strategy before coming across this book, the idea is the same, the execution is different with different goals. I think it is worth the read even if you don’t choose to use the strategy. Nothing groundbreaking, nothing fancy, but it is proven. There is definitely filler in the book, I feel like all finance and self help books do though.

I’m a novice investor with only two months of experience in the stock market. As a Dominican who has learned English as a second language, I was initially concerned about fully understanding this book, especially given the complexity of options. However, I was pleasantly surprised by how accessible and clear it is.The author effectively guides readers through “The Wheel” strategy step by step, which has helped me overcome my fear of investing in options. The book also offers a valuable online support ecosystem. While a chapter dedicated solely to risk management would be helpful, the book includes numerous risk management tips throughout.I highly recommend this book to anyone interested in getting started with options and generating passive income with “The Wheel.” I give it 5 stars.

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