Why buy original equipment wheels and rims from stock wheels?
When you want to buy original equipment wheels and rims, we will have what you need. When buying from StockWheels.com, you will be getting a reconditioned wheel or clean factory take-off to use as a stock replacement wheel. You can rest assured that the like-new wheel you get from StockWheels.com will look great and will be straight and true.
What is the Wheel Strategy?
The Wheel (sometimes called the Triple Income Strategy) is a strategy where a trader sells cash secured Puts to collect premiums on a stock or stocks they wouldn't mind owning long term. If the options expire or closed for a profit without being assigned, the premiums are all profit.
Where can I buy OEM wheels and rims?
OEM Wheels and Rims StockWheels.com is the place to buy OEM stock wheels and stock rims for your car, truck or SUV. Here at StockWheels.com, we buy factory wheels original take off as well as recondition your OEM rims and wheels to like new condition. When you want to buy original equipment wheels and rims, we will have what you need.
What are steel wheels made of?
Pressed from billets of steel using powerful hydraulic equipment, steel wheels have been standard on most low-cost vehicles for decades and dominated before alloy rims became cheaper to produce.
What are my stock wheels?
This term is used to refer to the original equipment that came with the product, or more specifically, the manufacturer of the stock product. In regards to your vehicle's wheels, the manufacturers produce certain stock rims for each vehicle.
What does it mean to have stock wheels?
Original equipment manufacturer (OEM) or stock rims are factory wheels shipped with the vehicle from the car manufacturer. The materials and style options for stock wheels vary by the automaker. Stock rims range from painted steel with a decorative hubcap to oversized aluminum alloy wheels.
What are stock OEM wheels?
Other terms used interchangeably for OEM wheels are stock rims, factory wheel, and more loosely, take-off wheel. OEM stands for "original equipment manufacturer." OEM wheel manufacturers produce specific stock rims for every vehicle model and almost always there is more than one option.
What are the wheels of a car called?
Is it called wheel or rim? Confusion usually arises between the car wheel rim (or rim) and the car wheel (or wheel). People sometimes refer to the wheel as the rim and vice versa.
Why are OEM rims so expensive?
OEM Wheels are Higher-Quality OEM wheels may be the more expensive option, but this is because of their quality. These wheels are created to perfectly fit a specific car model, so they'll directly impact the quality of your car's performance.
What are replica wheels?
Just as the name implies, a “replica” wheel is an aftermarket wheel that is modeled in a highly similar way to an existing original equipment (OE/OEM) wheel – the wheel that comes on a vehicle from the factory.
Are stock rims lighter?
Finally, because factory and aftermarket wheels are placed at a car's corners, they also affect its polar moment of inertia. Basically, the more weight at the corners, the harder it is to change direction, Autoweek explains. So, in short, the most beneficial aftermarket wheels are the lighter-than-stock ones.
Are stock rims heavy?
Your stock wheels are HEAVY. Almost all OEM wheels are gravity cast or low pressure cast, with a handful of VERY RARE exceptions being offered with OEM Forged wheels (Nissan 350Z track edition got RAYS, Lancers got BBS etc…), most wheels are gravity cast.
How much are stock rims worth?
Expect to get anywhere between $2,500 and $3000 for the set (wheels and tires). You can always check TireRack.com for competitive pricing on the tires. It might be about the same (and easier) to sell them complete.
What types of wheels are there?
The Different Types of WheelsAlloy Wheels. Alloy wheels are the most common on the market. ... Steel Wheels. Steel wheels cost less than the other kinds. ... Forged and Cast Wheels. To make steel or alloy wheels, manufacturers have two options available to them: casting or forging them. ... Split Rim Wheels.
Is a rim a wheel?
The truth is that "rims" are actually just one part of the wheel. It is the outer edge of the wheel which holds the tire. It is the outer circular design and surrounds the decorative area of the wheel's hub and spokes.
What type of rims are there?
Wheels and rims come in three basic materials: steel, aluminum, and chrome. You can also find aluminum or magnesium alloy wheels. Steel rims are kind of old school. Most standard wheels used to be made of steel, but manufacturers are moving to lighter metals to boost fuel efficiency.
THE WHEEL STRATEGY FLOWCHART
This is just the theory of course, and in practice, things don’t always work out so smoothly.
THEORETICAL EXAMPLE
Let’s look at a theoretical example to see exactly how the strategy works and then I’ll share some trades from my own account.
FOUR REAL TRADE EXAMPLES
The following is an example that I like to share with coaching clients. It’s a good example because it occurred during the 2008-2009 financial crisis. On a stock that dropped 42%, I made a profit of $1,440.
GE WHEEL TRADE STRATEGY
Here is another trade example that worked out a little more smoothly than the GE trade.
AVDL Example
This trade was started in September 2020 with the stock trading at 6.41. I initially sold the puts in-the-money because I wanted to be assigned.
BHP Example
Winning trades are great, but what about losing trades? Yeah, I’ve had my share of those too. Here is a recent example, although it is still ongoing.
Conclusion
The wheel strategy is a really powerful income strategy that can enhance your long-term returns.
