> You still have the same downside risk as the underlying stock. Taken as a whole, it's not the same exact downside risk because the premium you collect can ma

> You still have the same downside risk as the underlying stock. Taken as a whole, it's not the same exact downside risk because the premium you collect can make up for whatever downside that exists anytime you're holding a stock. I'm not here to tell you what to do with your money, but all I'd say is that using a wheel strategy is inarguably less risky than buying stock outright.