27d • General discussion
UEC Cash Flow Play → Wheel Setup 🔁
Opened a position on UEC selling puts.
The Trade:• UEC May 15 $15 PUT• 3 Contracts• Collected ~$2.84 ($852 total)• 50 days out
Why I like it:
Simple setup:
Get paid upfrontPossibly buy the stock at a discountSet up the wheel strategy
The Idea:
If UEC stays above $15 →I keep the full premium
If it drops below $15 →I get assigned at an effective price of ~$12.16($15 strike - $2.84 premium)
That’s a level I’m comfortable owning it.
Next Step (if assigned):
Sell covered calls and keep generating income.
Simple:Get paid to wait…If assigned, own it cheaper and keep the wheel going.
0
0 comments
UEC Cash Flow Play → Wheel Setup 🔁
powered by
skool.com/covered-call-capital-2573
Learn how investors generate monthly income from stocks using covered calls. Real trades, simple education, and practical income strategies.
Suggested communities
Powered by