Pro Tips tagged #wheel
Hands-on playbooks for premium sellers: expirations, position sizing, rolling and repair — with concrete numbers, not vibes. Included with YieldCove PRO.
CoreWeave $75 put pays 35.7% annualized with a 17.5% cushion after its convertible sale
Our afternoon screen picks the CRWV Oct 30 $75 put: $2.715 at mid on $7,500 of cash, breakeven $72.29, with earnings (est. Nov 9) after expiry. The premium is big because the stock really moves this much.
Meta's post-Muse rally: a $700 put pays $15.85, but mind the $680 gap
META is up about 30% since Aug 31 on AI-agent hype. The Oct 23 $700 put pays $15.85 (27.55% annualized) with a $684.15 breakeven, and it expires before earnings. Connect tonight is the main risk.
Theta Is Not a Daily Paycheck
Time decay can help a short put while its seller still loses money. A small worked example separates theta’s theoretical effect from changing option values, cash received and assignment risk.
Open Interest Is Not a Queue of Buyers
Sixty contracts can trade while open interest ends exactly where it started. For wheel sellers, outstanding positions are not a promise of liquidity or an easy exit.
At Expiration, the Closing Price Is Not Confirmation
Exercise-by-exception sets a default, not a guaranteed assignment outcome. One put example separates the closing price, the holder’s choice and the full cash payment if assigned.
Put Delta Is Not an Assignment Forecast
Delta estimates price sensitivity, not a promise about assignment. A −0.30 example separates a $30 price response from the full $5,000 purchase obligation.
AMZN wheel watch: $240 put, 8.5% cushion, 42 DTE
The September 4 snapshot illustrates an October 16 AMZN $240 put with $3.45 credit math and an 8.48% breakeven cushion. The historical three-month IV norm and confirmed earnings date are unavailable; this is not a fully qualified entry setup.
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.
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.
Wheel screen says wait: 5 MRVL puts still need a spot check
Six 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.
Wheel screen says wait: 0 of 24 names survive rotation
All 24 watchlist names appeared across the latest ten Tips, leaving zero fresh candidates. No ticker, contract or trade math is published from the 11:58 a.m. ET snapshot.
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.
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