The Wheel Strategy, Backtested: What 10 Years of Real SPY Options Data Reveals (17Δ, 45 DTE)
A lot of options content makes the wheel strategy sound straightforward. You sell a cash-secured put, collect premium, and if you get assigned, you sell covered calls until the shares get called away. Then you start over. On paper, it really does look simple, and it gets pitched as a low-stress income system that practically […]
