Golden Cross

Stocks and Options Swing Trader. Using simple Theta Decay, Directional Strategies to execute trades.

[Better Trades @bettertrades007]

Don’t sell puts just because premium looks juicy.

1/ The wheel doesn’t start with selling a put.
It starts with: would I be thrilled to own 100 shares of this at the strike?
If the answer is “eh, but the premium is fat” — skip. You’re not running a wheel. You’re collecting rent on a house you don’t want.

2/ Two outcomes on that cash-secured put — both fine if step 1 was honest:
• Stock stays above the strike → keep the credit, sell again
• Get assigned → you bought the stock you already wanted, cheaper by the premium

Assignment isn’t a failed trade. It’s the handoff into covered calls.

3/ Once you own it: sell calls you’d be happy to get called away on (above resistance / above your effective cost). Keep lowering basis. If the thesis dies, stop wheeling it — don’t turn a bad stock into a forever obligation.

[Better Trades @bettertrades007]

$IBIT bitcoin:native heading into a big option wall expiring today

[Better Trades @bettertrades007]

ethereum:native 2600 should act as support to launch it to 3000. Very positive GEX all the way up to 3200. If it fails, next support at 2500. No rush keep Staking till then

[Golden Cross @average_joe16]

@bettertrades007 Neck deep in ETH bro 😎

[Golden Cross @average_joe16]

@elonmusk Only people who is getting uncontrolled power is you

[Golden Cross @average_joe16]

@LuxAlgo How does it boost balance sheet? they might show it as an expense and channel it into his other ventures and write off … need a Hindenburg sleuth on it

[Golden Cross @average_joe16]

@TrendSpider Most probably channeling to sell them to fund his other shady ventures

[Golden Cross @average_joe16]

@Barchart Her portfolio is built to loose and tax loss harvesting … its the gains that worries her