In one of my assigned stocks ($WPGGQ) I was unable to do The Wheel Strategy because the options for it are not tradeable on Webull. Then when I tried to sell it, I was informed that doing so would cause a strike against me because it was bought with borrowed funds. I was finally able to unload it today for a loss.

Tuesday’s trades…

• Sell – HEXO $3.00 19 Nov 21 Call 100
• Buy – $GSAT $1.50 19 Nov 21 Put 100

Wednesday’s Trades…

• Buy – $ARKK 0.0415662 shares
• Sell – $WPGGQ 100 shares

Net account value – $533.82

As always, Webull (a link that can earn us free stocks) is my trading platform.

*I am not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and I am not qualified to give financial advice. Investing/trading in securities is highly speculative and carries an extremely high degree of risk.