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01

Filed under #liquidity

A focused desk: every playbook on this topic, newest first.

A narrow suspension footbridge crosses a rocky gorge in Nepal.PRO

Lead story · #options-education

Wide option spreads can quietly shrink your wheel profit

A round-trip example shows how entry and exit fills change a wheel trade's result. Track the bid, ask and costs before counting the premium as profit.

3 min read

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Palantir booth floor and displays at TechCrunch Disrupt SF 2012PRO

4 min read

Wheel screen says wait: 3 PLTR puts need one more check

Three PLTR puts cleared the option mechanics, but the required stock confirmation was incomplete. No premium, cash reserve or entry ticket is published.

$PLTR#wheel#cash-secured-put
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Tesla Gigafactory 1 buildings in the Nevada desertPRO

4 min read

Wheel screen says wait: 5 TSLA puts need one more check

Five TSLA puts cleared the option mechanics, but the required stock confirmation was incomplete. No premium, cash reserve or entry ticket is published.

$TSLA#wheel#cash-secured-put
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Historic Financial District rooftops viewed from 60 Wall Tower in ManhattanPRO

4 min read

Wheel screen says wait: 0 puts clear the first filter

Five watchlist names remained eligible, but zero puts combined the required DTE, delta and open interest. No premium, breakeven or entry ticket is published from the 9:51 a.m. ET snapshot.

$AEHR$AMKR$BE#wheel#cash-secured-put
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High-rise buildings and traffic lights along a downtown Toronto streetPRO

4 min read

Wheel screen says wait: 2 SPCX puts still need a spot check

Four puts reached the first filter and two SPCX lines cleared the mechanics, but the required spot check was incomplete. No premium or entry ticket is published.

$SPCX$CRWV$META#wheel#cash-secured-put
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Electronic quote boards above the Frankfurt Stock Exchange trading floorPRO

4 min read

Wheel screen says wait: 10 puts miss the full gate

Ten puts reached the first filter, but none cleared the complete market gate. No premium or expected fill is published from the 9:50 a.m. ET snapshot.

$GOOGL$AKAM$DRAM#wheel#cash-secured-put
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Illuminated Nasdaq MarketSite screens at 4 Times Square at nightPRO

4 min read

Wheel screen says wait: 11 puts miss the spread gate

Eleven puts reached the first filter, but none kept the spread at or below ••• on both feeds. No premium or expected fill is published from the 9:52 a.m. ET snapshot.

$INTC$ASTS$HOOD#wheel#cash-secured-put
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Stone facade and columns of the New York Stock Exchange building on Broad StreetPRO

4 min read

Wheel screen says wait: 14 puts, 0 full-gate passes

Fourteen puts reached the first filter, but none cleared the full two-feed mechanical gate. No premium or expected fill is published from the 9:53 a.m. ET snapshot.

$AAPL$AMZN$RKLB#wheel#cash-secured-put
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A historic black-and-white photograph of the London Stock Exchange trading floor filled with market participantsPRO

3 min read

Wheel screen says wait: 3 lines, 0 inside the spread cap

Three puts reached the first screen, but their spreads ran from •••, versus an ••• cap. No premium or entry ticket is published because zero contracts survived the market gate.

$INTC$BE$DRAM#wheel#cash-secured-put
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02

Learn the foundations

Pro Tips assume you know the wheel. These take you there, starting free.

03

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04

Across the desk

The rest of the newsroom: wheel lessons, how-to guides and the freshest research.

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