Nucor Corporation
Long

Short Term Wheel Trade on NUE

82
Another successful Wheel Trade on NUE:

Tradingplan á la Rockwell Trading:

  • Look for stock that is lower than yesterday
  • Check the chart for a support level
  • Check the fundamentals of the underlying
  • Check correlation to your portfolio
  • Don't be scared if you get the stock assigned
  • Calculate the strike for a decent annualized ROI


Trade ENTRY:
  • Entry: 2023-05-24 09:52
  • Total premium netto: $ 118,64
  • Contracts: 3
  • Type: Short Put
  • Strike: 129
  • Expiry: 2023-05-26


Trade EXIT:
  • 2023-05-26 16:20
  • Expired worthless
  • ann. ROI: 118,64 / ( 129 * 300 ) * 365 / 2 = 55,94%

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