PROLead 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.
Topic desk · #liquidity
12 playbooks filed under #liquidity, newest first. The latest 12 are below. Older ones are one click away. Each tip shows the strike, the credit and the exit. The teasers are open; the full math unlocks with PRO.
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Tagged #liquidity
Photo: MITESHSTHA / Wikimedia Commons, CC BY-SA 4.0. Cropped and resized; adaptation CC BY-SA 4.0.
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PROLead story · #options-education
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.
PROThree PLTR puts cleared the option mechanics, but the required stock confirmation was incomplete. No premium, cash reserve or entry ticket is published.
PROFive TSLA puts cleared the option mechanics, but the required stock confirmation was incomplete. No premium, cash reserve or entry ticket is published.
PROSix MRVL puts reached the first filter and five cleared the mechanics, but the required stock check was incomplete. No premium or entry ticket is published.
PROFive 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.
PROThree puts reached the first filter, but every quoted width stayed above •••. No premium, breakeven, or entry ticket is published from the 9:50 a.m. ET snapshot.
PROFour 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.
PROAn option’s bid and ask can hide a large dollar gap inside an attractive premium. Convert the spread into dollars per contract before comparing wheel returns.
PROTen 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.
PROEleven 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.
PROFourteen 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.
PROThree 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.
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