Short Term Wheel Trade on NUE

Another successful Wheel Trade on NUE:

Tradingplan á la Rockwell Trading:

• Look for stock that is lower than yesterday
  
• Check the chart for a support level
  
• Check the fundamentals of the underlying
  
• Check correlation to your portfolio
  
• Don't be scared if you get the stock assigned
  
• Calculate the strike for a decent annualized ROI
  

Trade ENTRY:

• Entry: 2023-05-24 09:52
  
• Total premium netto: $ 118,64
  
• Contracts: 3
  
• Type: Short Put
  
• Strike: 129
  
• Expiry: 2023-05-26
  

Trade EXIT:

• 2023-05-26 16:20
  
• Expired worthless
  
• ann. ROI: 118,64 / ( 129 * 300 ) * 365 / 2 = 55,94%