The step-by-step routine behind the Options Wheel Strategy.

When volatility spikes, most traders panic. They watch their portfolios drop. They freeze. They lose sleep. But options traders who understand the Wheel Strategy do something completely different… They can collect bigger paychecks. Here's why: When markets get choppy, options become overpriced. Fear drives up premiums. And that creates an opportunity to sell options at inflated prices. Jay Soloff has been doing this for over 20 years as a CBOE market maker. He knows how to identify these overpriced moments and turn them into consistent income. And on December 16th at 1 PM ET, he's walking through the entire strategy step by step in a free live workshop. >> Reserve Your Free Seat Now  So how does the Wheel actually work? It all starts with a cash-secured put.  Jay sells a put, usually a little out of the money and typically with about two weeks until expiration.  If the option expires worthless, great - he simply keeps the premium and sells another put.  That's consistent income right there. But if the stock drops below the strike and the put gets exercised, that's fine too.  At that point, Jay takes the shares and flips to the next stage: selling covered calls on those shares.  The calls bring in more income while he holds the stock. Eventually, if the shares are called away, he goes right back to selling puts. That's the "Wheel" - a circular, rinse-and-repeat process where every turn is an opportunity to collect income.  It's simple, it's steady, and it's why traders stick with it. If you want to learn more about it, join Jay this Tuesday, December 16th at 1 PM ET to see the entire Wheel strategy in action, step by step.  He'll show you exactly how it works in real markets, and how you can put it to work in just about 30 minutes a week. >> Reserve Your Free Seat Now  See you there! Mark Soberman NetPicks

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