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: $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.
AMZN wheel watch: $220 put leaves a 12.2% cushion
The August 21 $220 put offered a $2.65 reference credit and a 12.2% breakeven cushion at 9:51 a.m. ET. Confirmed July 30 earnings keep gap risk central despite deep liquidity.
MRVL wheel watch: $160 put leaves a 21.9% cushion
The August 21 $160 put showed a $7.825 midpoint credit and a 21.9% breakeven cushion late Monday. MRVL’s support shelf and 101.07% put IV come with a damaged short trend and premium valuation.
MU wheel watch: $700 put leaves a 25.3% cushion
The August 21 $700 put offered a $34.75 reference credit and a 25.3% breakeven cushion near noon ET. MU’s oversold RSI and 110.0% put IV come with sharp memory-cycle risk.
PLTR wheel watch: $115 put pays 2.74% in 32 days
The August 21 $115 put offered a $3.15 reference credit and a 15.9% breakeven cushion at 9:55 a.m. ET. Confirmed August 3 earnings and a premium valuation keep the downside risk real.
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.
HOOD wheel watch: $80 put leaves a 23.7% cushion
The August 21 $80 put offered a $2.35 reference credit and a 23.7% breakeven cushion at 11:56 a.m. ET. Estimated July 29 earnings and a 37.8×–48.3× forward-P/E range keep the downside risk real.
RKLB wheel watch: $55 put, 22.5% breakeven cushion
The August 21 $55 put offered a $3.00 comparison credit with a 22.5% breakeven cushion. Rocket Lab's estimated August 6 report sits inside the contract while the shares trade below all three major averages.
INTC wheel watch: $82.50 put, earnings inside
The August 21 $82.50 put offered a $4.10 comparison credit with a 21.3% breakeven cushion. Intel reports July 23, so the rich premium comes with a real gap risk.