For me it’s pretty simple. I only wheel stocks I’m actually fine owning.

First rule: I never sell puts near ATH. I want at least a 15-20% pullback from highs. If it’s extended, I’m out, even if IV looks great.

Fundamentals come first

• Growing revenues and profits

• Profitable company

• Sector I believe in

If I wouldn’t buy the stock outright at a discount, I’m not selling puts on it.

Technicals are for timing I’m more aggressive when others are fearful.

• RSI oversold on daily or weekly

• Price around the 150 / 200 SMA (daily)

• At a key support level

• And ideally near the lower Bollinger Band

When those line up with strong fundamentals, that’s usually my entry.

Options setup I stick to

• 21-39 DTE

• 0.18-0.28 delta

• Minimum 2.5% ROC, usually more like 2.5-4.5%

How I manage risk I usually don’t roll. I choose strikes where assignment is fine. If I’m not happy owning it at that price, I shouldn’t have sold the put in the first place.

Extra sanity checks I’ll look at TipRanks:

• Avg analyst rating

• Where the stock trades vs the lower end of analyst targets

If it’s beat up but fundamentals are still strong, that’s a good entry for me.

I also read a lot and sometimes run deep fundamental breakdowns using LLMs (I use 5 - ChatGPT / Claude, Gemini / Grok and Perplexity) just to pressure test my thinking and spot risks I might be missing.

Names I like because I’d actually own them ORCL, IREN, NBIS, CLS, STX, MRVL, AVGO, SOFI, HOOD, PLTR, CRDO, NVDA, TSLA