How to profit when bag holding cash secured puts in the wheel strategy

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In this video we will talk about when you are down huge on a cash secured put option and you are now bag holding. This will be an update on a peloton cash secured put I made last November. I will show you how I am still profiting on the position by selling cash secured puts and covered calls as apart of the wheel strategy.

I will show you how to close the options, how to roll the option, and also how to use the greeks to your favor when figuring out how to make the right covered call after your cash secured put has been assigned.

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