Is the popular "Wheel Strategy" and selling covered calls actually costing you money instead of making it? Many trading educators teach that covered calls are "easy money" or provide passive income, but I believe that's a dangerous oversimplification.

In this video, I explain why selling covered calls might be limiting your profits and costing you significant gains, especially in strong bull markets. I use real-world examples from my own portfolio (including positions in Amazon, Microsoft, and SPY) to demonstrate how covered calls have capped my upside and resulted in missing out on thousands of dollars in potential profit.

I also discuss the risks of running the Wheel, particularly with leverage, and why volatility can expose major downsides. While the Wheel can work for some traders (like those with large, unleveraged accounts), it's crucial to understand the potential pitfalls.

Watch this video before you sell another covered call or implement the Wheel Strategy! Understand the risks and see the proof of how it can backfire.

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