There is a room inside Option Pit where this happens every day.
It is called Trader X, and the short version is that you own everything. One membership, every service we run, every scanner, every future launch, all under one roof. I will come back to it.
First I want to show you what actually goes on inside, because Hans Albrecht ran a session on the wheel this week that was too good to keep behind the curtain.
Here is the one-sentence version of what he taught. The thing that makes most options traders panic is the exact thing Hans waits for and cheers about. He calls it your superpower.
Below I will walk you through the whole strategy the way he laid it out, including the pro version of the wheel that fixes its single biggest flaw.
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Let me start with the basic wheel, because you have to understand it before the upgrade makes sense.
You sell a cash-secured put on a stock you would genuinely be happy to own.
In plain English, you are promising to buy that stock at a set price, and you get paid a premium up front for making that promise. Say you sell the 170 put on a name and collect $5.
You set aside the cash to cover it, around $16,000 in this case, and then one of two things happens.
If the stock stays above 170, the put expires worthless, you keep the $5, and you do it again. If the stock falls below 170, you get assigned, which just means you now own the shares.
But here is the thing. You own them at an effective price of $165, because that $5 you collected lowers your cost.
Why Getting Assigned Is the Goal, Not the Disaster
Most people see that second outcome as the bad one.
They get assigned and they freak out. "Oh no, I got put the stock." Hans flips that completely. Getting assigned, he says, is your superpower.
Why?
Because if you only sell these puts on names you actually wanted to own, then assignment is not a punishment.
You just bought a quality company at a discount to where it was trading, with the premium making your entry even cheaper. In his words, now you are laughing for the next run-up.
So the wheel pays you either way. Either you pocket the premium and beat what your cash earns sitting in the bank, or you end up owning a stock you liked at a lower price.
Both roads are good ones.
The One Question You Have to Answer First
But Hans was honest about the catch, and this is what separates the people who run the wheel well from the people who detonate their accounts with it.
Before you sell that put, you have to answer one loaded question.
Am I truly okay owning this stock? It is easy to say yes when the stock is high and assignment feels like a distant maybe. The real test is whether you would still be glad to own it if it fell all the way down to your strike.
If the honest answer is no, you have no business in that trade. Only wheel names you believe in, and size each position to match how badly you actually want to own it. This is not the trade for some triple-leveraged ETF you would never hold.
The Pro Version: The Cash Machine
Now the upgrade. Hans showed the version he and the pros actually run, what he calls the Cash Machine.
Instead of selling a put with cash parked behind it, you buy the stock outright and sell a call against it that is already in the money. Same basic idea, better engine.
You collect more premium from that in-the-money call, you hold a clean stock position the whole time, and you sidestep the endless churn of the regular wheel, where you get assigned, get called away, and start over, racking up a taxable event at every turn.
He walked a live one to show how it manages.
He bought a stock around $211 and sold a deep call against it for $38. The volatility he sold got crushed, which was the win, but the stock dropped more than he expected, so the position needed work.
No problem. He bought that call back near $7, banking about $31 on it, which left him holding the stock with a big cushion already in pocket. From there he had choices.
Wait, or sell a fresh call right away.
If the stock then climbed back toward $200, he would sell, say, the 180 call for another $18 and let himself get called away around 198. Run the full math and it looks like this.
He bought at 211 and exited near 198, a $13 loss on the shares, but he banked $37 in call premium along the way. Net, he comes out around 10% ahead on a stock that actually fell while he held it. That is the whole point of the structure.
When a Trade Turns Against You
And if a name turns weak on him, he showed the defensive move too. You roll the call down, buying back your short call and selling a lower strike for more premium, which buys you even more cushion underneath.
Done right, even getting called away at the lower strike still books a win.
This Is One Room Inside Trader X
That is one session, one room, inside Trader X. Owners get Hans and the rest of our traders teaching live like this all week, across every service we run, in one place.
If you want to see what it takes to own the whole thing, talk to our concierge team at 888-872-3301 or Apply for Trader X here.
Your only option,
Mark Sebastian