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.
MRVL after the break: high premium, patience first
MRVL closed 7.75% lower at $217.53 on July 13, while August 21 put IV sat near 91% and only slightly above its three-month norm. The wheel lesson is stabilization first: the liquid $190–$200 zone offers measurable cushion, but not a valid setup without a base and a rechecked earnings date.
July 6 afternoon close check for wheel risk
Nasdaq showed the U.S. equity market open on July 6, 2026, with the regular cash session ending at 4:00 p.m. ET, while the afternoon SPY/QQQ and ^VIX snapshots pointed in different directions. This tip turns that setup into a neutral carry-through-the-close checklist for covered calls and cash-secured puts.
July 6 midday dispersion filter for wheel screens
Nasdaq and Cboe snapshots around 11:04 a.m. ET on July 6, 2026 showed the U.S. cash session open, VIX near 16, and selected Nasdaq ticker moves spread from AMD’s gain to MSFT’s decline. This tip turns that dispersion into a neutral screening framework for cash-secured puts and covered calls.
July 6 pre-market gap filter for wheel orders
Nasdaq showed U.S. equities in pre-market mode on July 6, 2026, while selected liquid tech names were already moving before the 9:30 a.m. ET open. This premium framework turns those prints into a no-chase gap map for cash-secured puts and covered calls.
Position sizing cash-secured puts: survive the red weeks first
Selling cash-secured puts is a game you win by staying solvent through the red weeks. This premium tip lays out the sizing rules that matter most: capping collateral at 5–10% per underlying, limiting sector concentration to 25%, holding a 20–30% cash buffer for assignments, and measuring risk in delta-adjusted dollars instead of contract count — all applied to a fully worked $50,000 portfolio example.
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