The Wheel Strategy Explained by the Engineer Who Built an ETF From It

Options trading and income strategy: Robert Pascarella is a turbine engineer who found tastylive in 2012, taught himself options, and built the WEEL ETF around the wheel strategy. It started at a real estate dinner when an RIA mentioned selling out of the money puts on things he wanted to own. Now it is a derivative income fund on the NYSE. Robert explains why he sells puts on sector ETFs instead of high-headline-risk names like SpaceX, and why dampening the move and staying uncorrelated is the whole point. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 The turbine engineer who found tastylive in 2012 00:58 The real estate dinner that started it all 02:14 From hedge fund to launching WEEL on the NYSE 02:53 Why he sells puts on sector ETFs, not SpaceX 04:53 Getting an ETF to market: brutal 05:39 Why raising outside capital changes the game 05:56 Why the indices are easier to manage than equities 06:43 Uncorrelated products and going direct to market #tastylive #wheelstrategy #etf #sellingputs #optionsincome #robertpascarella #tradingtrends #optionstrading #incomeinvesting #tastytrade tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or