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.
Cash-Secured Is Not Downside-Protected
A cash-secured put reserves the purchase cash, but that reserve does not cap the stock's downside. Start with assignment-ready math before treating premium as income.
A 48.7% Annualized Wheel Yield Is Not a Forecast
A $2 premium on a 30-day $50 cash-secured put is 4.0% for the contract period and 48.7% when simply annualized—but assignment, downside and idle capital make that display very different from an expected return.
Rolling an option is two trades, not a reset button
A net credit can hide a realized loss on the old contract and a fresh obligation on the new one. This worked example separates the close, the new open, collateral, assignment risk and the journal math.
The VIX is not your stock's IV: a better wheel checklist
The VIX closed at 15.67, but BlackRock still jumped 6.61% after earnings. This three-layer checklist separates market volatility, single-stock pricing and event risk before a cash-secured put or covered call.
Covered calls before ex-dividend day: assignment in plain English
A covered call can be assigned before expiry, and a nearby ex-dividend date can raise that risk. Here is a beginner-safe way to separate intrinsic value, time value and dividend timing before surprises reach the account.
GOOGL CSP research: premium with a defined cushion
A beginner-friendly review of one liquid cash-secured put from Eddie's watchlist, including technical, volatility, valuation, catalyst and assignment-risk checks.
INTC CSP research: premium with a defined cushion
A beginner-friendly review of one liquid cash-secured put from Eddie's watchlist, including technical, volatility, valuation, catalyst and assignment-risk checks.
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