Ep. 176: Wheel Strategy: Stocks Are Falling More Than 6%! What Now?

Currently, I’m assigned with 2 stocks: RIDE and LVS.

And I might get assigned on 2 other options positions where I sold puts:

AA at $35 per share (it's down more than 6% today!) and CWH at $37.50 per share (it's down more than 4% today!)

According to my plan for the wheel strategy, I should have no more than 5 open positions. 

So what do I do now?

What if I'm getting assigned the 2 stocks tomorrow?

Does this mean I can only trade 1 new option next week?

In this video, I'll show you exactly what I'm planning to do. 

Recommended Links & Videos:

Wheel Playlist: https://www.youtube.com/playlist?list=PLBa3sAx-Io2mybLLdWtbjTFqK9-BR5SJb 

How To Fly Rescue Missions: https://www.youtube.com/watch?v=OlTD9h_ZNd8 

Wheel Strategy: What To Do When You’re Assigned: https://www.youtube.com/watch?v=K_zBGpLrO34 

Is Trading Forex Worth It? https://youtu.be/HXrP7uHLWLk

Wheel book: https://www.rockwelltrading.com/the-wheel-options-strategy-book/

PowerX Strategy Book: https://bit.ly/2wMQ7zW