With a stock like $AMZN that has ✅ established history ✅ great products ✅ potential future growth ✅ Lots of Cash You don’t need to spend a lot of time in doing your research You know it’s a great company that won’t rank your portfolio So here is how I would do it:

I would spend $15,984 to BUY 3 LEAPS Call Options Delta 0.70 June 2027 expiry Strike Price: $ 200

I would use the wheel strategy to sell Cash Secured Puts and Covered Calls WEEKLY Delta of 0.20 to 0.30 2 contracts Collateral needed: ~ $41,000 This would generate a weekly income of ~ $280 - 350 when the IV is high... But, in normal times it might be $200 - $250

Out of those 3 LEAPS Call Options I would use 1 contracts to sell Covered WEEKLY At a very low delta of 0.12 to 0.18 Idea would be to keep rolling these over if $AMZN keeps going up This would generate about ~ $70 - $85 weekly income on average

This would generate a weekly income of about $270 - $300 $15K to $16K annual income Plus you get pure upside from the 2 LEAPS call option that you are not using to sell CCs And you also get some upside from the other LEAPS call as long as you sell at a conservative rate

This results in more than 21% annualized PLUS the potential for gains from the LEAPS call PLUS you have only used ~ $57,000 in collateral And have $18,000 remaining in CASH You use that during market DIPS

No spreads? No because that would take more time Also would require a bit more managing of your options which would require more effort If you can add a bit of time/effort that adding Put Credit Spreads would make sense

If you like this thread 🧵 and want to read more content like this: 1) Like the FIRST post 2) Retweet/Repost it 3) Follow me @WealthCoachMak

@WealthCoachMak Love this approach man. Simple and effective beats complex every time. $AMZN has been such a solid performer too. That 21% return is way better than most people get overthinking trades

@StockStormX Plus you are not even using all the collateral

@WealthCoachMak Good strategy. 👍

@StratsLabs Yep love doing it

@WealthCoachMak I would tweak it a bit and do a few stocks that have a lower strike. All in on one stock can be risky.

@Optinflowmaste Yeah for sure. But this is for someone who really wants to keep it simple and not spend a lot of time on trading or research

@WealthCoachMak Yet again you’ve challenged my perspective.. always appreciated Mak. Is this your thought process and a behind the scenes for some of the plays you’re doing in discord?

@6figurecheck Yeah we do many of such plays. And more.

@WealthCoachMak Nice strategy, im new to your account. Im being doing options for 2 years and appreciate insight like this from experienced option sellers!! thank you. keep going!

@RXJJ07 Yep 👍 have lots of posts like this. Keep following

@WealthCoachMak This is an awesome example @WealthCoachMak ! I never understood options so well until I started following you. You are doing some amazing selfless knowledge sharing with the community.

@cool_rank Thank you for the kind words 😃

@WealthCoachMak I bought it on the dip. I think it’s one of the Best Buy’s in the market right now

@DAVEMORNINGSTA1 For sure 👍

@WealthCoachMak Thanks for sharing this! So helpful.

@MartinSGoldberg No problem at all. Lots of ways to play options

@WealthCoachMak Awesome! 😎

@JK6483 Yep yep 👍

@WealthCoachMak Why $AMZN? That stock is basically dead.

@WealthCoachMak This strategy can fall apart very quickly in a bear market — you won’t be able to DCA for too long with the remaining cash, and you could end up in a situation where the delta differences between the sold covered call and the purchased LEAP actually work against you. This could

@WealthCoachMak This is a single snapshot in time and you are hoping it allows you to capture that same yield for 20 months. Spoiler, it won’t.

@WealthCoachMak So you have 2 x LEAPS, 1 x PMCC and 2 x wheel strategy (CSP/CC) if I understand correctly ?

@WealthCoachMak I can't take anyone seriously that says they would put their entire amount of money into one stock

@WealthCoachMak Risk/reward on $open right now is unmatched. Brand new A team assembling. Cutting costs. Rolling our new products. Earnings and guidance in less than a month. Rate cuts in the near term and a new head of the fed in the new year... 🧨🧨🧨🧨

@WealthCoachMak Great post

@WealthCoachMak Ok then what if the market pulls back that year 10% to 15%?

@WealthCoachMak Or but BLOX and get 30% Dividends without doing anything

@WealthCoachMak Bezos has a big dick.