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Strategy guides and analysis for wheel strategy options traders.
Updated October 2026 · 14 min read
Ticker selection is the single most important decision in the wheel strategy. Learn what criteria matter — IV rank, liquidity, price, earnings timing — plus picks for small accounts, stocks under $20, blue chips and ETFs.
Read articleOctober 2026 · 5 min read
Just got assigned shares on a cash-secured put? Learn how to pick covered call strikes that balance premium, cost basis, and upside using real trades.
Read articleOctober 2026 · 5 min read
How much money do you really need to run the wheel? Real cash-secured put examples from today's screener show what $1,700 to $42,000 in collateral looks like.
Read articleSeptember 2026 · 4 min read
Earnings reports can blow up a wheel position overnight. Here's how to decide whether to hold, roll, or close before the print — with real examples.
Read articleSeptember 2026 · 4 min read
Assignment is the wheel strategy working as designed, not a mistake. Here's exactly what happens mechanically and how to think about it using real premium data.
Read articleSeptember 2026 · 4 min read
ETFs like PULS smooth out earnings and headline risk, while single names like NIO and MPC pay you more for the volatility you're taking on. Here's how to choose.
Read articleSeptember 2026 · 4 min read
IV rank is the wheel trader's favorite filter, but a high reading doesn't always mean rich premium. Here's how to read it correctly using live screener data.
Read articleSeptember 2026 · 4 min read
Delta is the dial that sets how often you get assigned and how much premium you collect. How to pick one deliberately rather than by habit.
Read articleSeptember 2026 · 9 min read
Total return vs price return, whether your holdings are actually diversified, and what you'd want to be told without having to watch for it. Why a price chart misleads you on any income fund, what a correlation matrix reveals that a factsheet hides, and how to set a condition once instead of remembering it.
Read articleJuly 2026 · 11 min read
A cash-secured put is a promise to buy a stock at a price you choose — and you get paid for making it. How it works, what delta to sell, when you can close early, and what assignment actually means.
Read articleJuly 2026 · 5 min read
Picking the wrong strike on a cash-secured put kills your edge. Here's a practical framework for strike selection using today's market conditions.
Read articleJune 2026 · 5 min read
CLSK broke below the $12.50 dealer floor this article was built on and is now in negative gamma at $9.23. What the risk rule said to do, and what the setup looks like now.
Read articleJune 2026 · 4 min read
Most wheel traders dread assignment. Here's why that fear is costing you money — and how to reframe assignment as a feature, not a bug.
Read articleMay 2026 · 5 min read
VIX at 16.7, GEX suppressing vol, and four bullish sectors lighting up — here's where wheel traders should be focusing their attention this week.
Read articleApril 2026 · 12 min read
Both legs collect premium — but put skew, tax treatment, and your position in the cycle determine which one has the clear advantage. Real trade examples and a side-by-side comparison.
Read articleApril 2026 · 13 min read
Your broker shows trade-level P&L, not cycle-level P&L — and that difference distorts everything. Learn how to track cost basis, premium income, and full-cycle returns correctly.
Read articleApril 2026 · 13 min read
Your CSP is in the money — now what? Learn the exact criteria for rolling vs taking assignment vs closing, with real SOFI, AMD, and PLTR examples and a full decision framework.
Read articleApril 2026 · 14 min read
New to the wheel strategy? This complete guide covers how the wheel works, how to pick stocks, how to place your first CSP and covered call, and how to track your results correctly from day one.
Read article