### Comment:
That dude sold naked options. The Wheel is much less risky.

### REPLY:
Yes, OP won’t go into a negative balance, but do keep in mind $1 of opportunity cost is as costly as $1 lost.  
  
 Another comment in this thread pointed out OP would have made more money if they just bought and held GOOGL from the first trade date to today than doing the OP’s strategy.

### END.