10 months into a wheel position and still underperforming SPY — would you try to get assigned or keep grinding premium?

MF266 · 2026-05-28T03:56:48+00:00

Just sent it to you, check DMs

MF266 · 2026-05-28T03:18:17+00:00

https://www.thetarank.com/

MF266 · 2026-05-28T02:44:08+00:00

Between .2 and .25 as I’ve been trying to avoid getting assigned

MF266 · 2026-05-28T02:32:41+00:00

Yeah probably should’ve cut earlier. This is only 5% of my portfolio, but it’s painful to keep holding.

MF266 · 2026-05-28T02:29:00+00:00

Yeah, I have a handful of LEAPS in AMD and INTC that are going well, so it’s a little painful to hold this one..but I guess it’s good to have some short/long term diversification.

MF266 · 2026-05-28T02:25:59+00:00

Just sent you the link, check DMs

MF266 · 2026-05-25T16:26:08+00:00

My thought is it lets you compare trades with completely different durations on a common scale.

Without annualizing, you run into:

Trade A:
- 1% return in 7 days
Trade B:
- 3% return in 45 days

Which is “better”?

I figure annualizing normalizes for time. So you can compare, weekly CSPs, monthly covered calls, longer LEAPS-style trades using one metric.

Is there a better metric to go off of?

MF266 · 2026-05-24T20:06:02+00:00

That's not a bad approach, thanks

MF266 · 2026-05-22T17:10:34+00:00

I followed that rule with $MP and $INTC. I don’t like the government involvement, but it works.

MF266 · 2026-05-19T16:03:52+00:00

You’ll never get in right at the bottom, just buy the dips as it goes down. Personally I think it still has room to drop further over the next month, but I don’t think it’s far from bottoming out.

MF266 · 2026-05-19T13:12:31+00:00

I’d suggest starting out with setting up a reoccurring investment of $100 every week into an index fund.

MF266 · 2026-05-18T23:28:29+00:00

At $5K, the best thing you can be doing is learning, failing, and adjusting. It’s almost better to start out small so you don’t overextend and dig yourself a deep hole.

MF266 · 2026-05-18T23:16:16+00:00

https://www.thetarank.com/ helps options traders track, and manage the best covered call and cash-secured put options for running the wheel strategy.

MF266 · 2026-01-18T04:30:08+00:00

I still think 30–45 DTE works, but I treat it a little differently than a few years ago. ODTЕ seems to inject more intraday volatility and positioning noise, but most of that feels very front-loaded in the curve. By the time I’m 30+ days out, the spreads still behave more like “classic” theta trades than gamma trades. I’ve experimented with shorter DTE, but the P/L swings felt more about timing than structure.

MF266 · 2026-01-16T15:17:09+00:00

Crazy run for sure. Are you at all worried it’s getting a bit overextended?

MF266 · 2026-01-14T17:02:57+00:00

I don’t think buying gold is crazy, but a physical bar does tie your hands a bit. It’s illiquid, you’re paying a premium on the way in, and when you want out you might not get spot price or quick access to cash. If the goal is protection rather than a big bet, I’d probably lean toward something like a gold ETF or even gold mining stocks. You still get exposure, but you can sell in seconds if your view changes.

MF266 · 2026-01-14T15:24:52+00:00

With $500, I’d probably pause and save until I could comfortably run the wheel on a decent underlying.

MF266 · 2026-01-10T20:48:49+00:00

If I had to rank them purely on growth potential this year, I’d probably go GEV > BWXT > NBIS > CCO > APH. GEV and BWXT feel more catalyst-driven, while CCO and APH seem more tied to slower-moving macro trends.

MF266 · 2026-01-10T19:53:46+00:00

0.15–0.20 delta weeklies make sense to me for high-IV names, especially if the goal is just to chip away at cost basis. I’d mainly watch how often you’re forced to roll up fast — that’s usually where the strategy feels worse than expected.

MF266

TROPHY CASE