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.
CRDO wheel watch: $200 put, 19.4% cushion, earnings inside
CRDO near $234.04 shows a Sep 18 $200 cash-secured put around $11.25 mid (5.62% in 30 days; ~68% annualized as comparison math) and breakeven $188.75 (~19.4% below spot). Sep 1 after-close earnings fall inside the window, so delta stays near the bottom of the house band on delayed public data.
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.
MRVL wheel watch: $170 put leaves a 22.3% cushion
The September 18 $170 put showed a $5.93 reference credit and a 22.3% breakeven cushion at 3:43 p.m. ET. August 27 earnings and a premium valuation keep the wide cushion from being a safety claim.
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.
NBIS wheel watch: $145 put keeps a 27.7% cushion into earnings
The September 18 $145 put showed an $8.75 reference credit and a 27.7% breakeven cushion at 11:55 a.m. ET. Nebius’s 684% Q1 revenue growth and rich premium meet an August 12 earnings gap and a 54×-56× sales valuation.
RKLB wheel watch: $65 put leaves a 24.2% cushion
The September 18 $65 put showed a $3.075 midpoint and a 24.2% breakeven cushion at 3:40 p.m. ET. Earnings arrive Monday after the close, so the lower delta still crosses a binary event.
MRVL wheel watch: $165 put leaves 27.0%, earnings inside
The September 18 $165 put carried a $7.35 reference credit and a 27.0% breakeven cushion. August 27 earnings sit inside the contract, while MRVL trades below its 50-day average at a rich peer valuation.
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.
NBIS wheel watch: $160 put pays 8.27% with earnings inside
The September 18 $160 put carried a $13.23 reference credit and a 33.3% breakeven cushion. August 12 earnings sit inside the contract, and zero displayed early option volume makes limit discipline essential.
MSFT wheel watch: $370 put crosses tonight’s earnings
The August 28 $370 put showed an $8.45 midpoint reference and an 8.6% breakeven cushion at 3:37 p.m. ET. Microsoft reports after the close, so rich event premium comes with overnight gap risk.
PLTR wheel watch: $110 put leaves an 18.2% cushion
The August 28 $110 put closed at a $2.47 midpoint and an 18.2% breakeven cushion. Earnings arrive August 3 inside the contract, so this after-close quote must be re-priced at the next open.
TSLA wheel watch: $335 put leaves a 12.9% cushion
The August 21 $335 put offered a $5.10 reference credit and a 12.9% breakeven cushion at 11:52 a.m. ET. Results were due after the close, making the low-delta ticket an event-risk example rather than a safety claim.