Systematic options selling combining cash-secured puts and covered calls.
Yield farmingAdvanced
Typical APY range20% - 50%
What Is The Options Wheel?
The wheel systematically sells cash-secured puts and covered calls. Sell puts on assets you want to own. If assigned, sell covered calls. If called away, restart. Collect premium at each stage. Yields 20-50% APY.
Sell CSP at comfortable strike. Collect premium. If assigned, own at discount then sell calls above cost basis. Repeat. Works best in range-bound markets.
Requires active management and options understanding. Assignment risk means owning at unfavorable times. Options involve loss risk.
Execute with Fensory.
How to Get Started
1Sell cash-secured put
2Collect or get assigned
3Sell covered call
4Collect or get called
5Restart cycle
6Manage actively
Pros
✓Systematic income
✓Range markets
✓Defined entries
✓Flexible
Cons
✗Active management
✗Assignment risk
✗Capital intensive
✗Complex
Ready to try yield-farming? See current 20-50% APY opportunities.
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