Dividends , The Wheel --Cash secured Puts and Covered Call writting

[leftovers]

USCR options trade only on the monthlies so the best time to collect the premium for the next month would be right now 3 weeks before xpiry!

I trade on the weeklies as I mostly sell put premium. In the case I get assigned I turn around and sell calls. You have a very low cost basis on this issue so you can play around more! You just have to be careful because if you get called you would lose the further gain on your security.

Keeping in mind though if you do get called you have the CASH to sell puts thus why it's called the wheel!

Keep your strikes as far out of the money as possible to continue on collecting premium month after month!

Cheers!