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Is the Options Wheel Strategy the holy grail of passive income investing? The wheel strategy is an options strategy that is based on the notion of option selling. For those who are not familiar with options, option selling is a very common strategy used to generate income. Unlike stocks where selling short a stock (stock you do not already own) might be prohibitive and subjective to borrowing cost, selling an option contract is undertaken with ease and, is in fact, more popular than buying an option contract. Why is that so? This is because selling an option contract entails the seller receiving an income right from the onset. Who does not like receiving money right from Day 1? Let me break down The Wheel Strategy into 4 steps for a better illustration. Step 1: Selling a Cash-Secured Put option on a...