Wheel tactics, straight from the desk
Hands-on playbooks for premium sellers: expirations, position sizing, rolling and repair — with concrete numbers, not vibes. Free while we build out the library.
ORCL wheel watch: $125 put leaves an 18.0% cushion
The September 18 $125 put showed a $3.13 reference credit and an 18.0% cushion at 11:51 a.m. ET. Relative IV tops its three-month norm, but estimated September 8 earnings raise event risk.
ORCL wheel watch: $130 put carries earnings risk
The September 18 $130 put showed a $5.70 reference credit and a 14.7% breakeven cushion at 9:53 a.m. ET. Its implied volatility is above the three-month norm, but estimated September 8 earnings sit inside the contract.
GOOGL wheel watch: $330 put leaves an 8.4% cushion
The September 18 $330 put showed a $4.33 reference credit and an 8.4% breakeven cushion at 3:44 p.m. ET. Its return barely clears the screen while Alphabet’s fresh $25 billion notes deal raises funding risk.
ORCL wheel watch: $120 put leaves 19.9%, earnings inside
The September 18 $120 put carried a $5.10 reference credit and a 19.9% breakeven cushion. Estimated September 8 earnings sit inside the contract, while ORCL remains below its 50- and 200-day averages.
ORCL wheel watch: $110 put sits below a one-year low
The August 28 $110 put offered a $4.38 midpoint reference and a 12.4% breakeven cushion at 3:40 p.m. ET. The spread sat at the 8% ceiling and ORCL remained below all three moving averages.
ORCL wheel watch: $110 put leaves a 15.8% cushion
The August 21 $110 put offered a $3.48 reference credit and a 15.8% breakeven cushion at 3:36 p.m. ET. Oracle’s shares sat below all three major averages, so the premium does not erase the falling-trend risk.