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Effective_Hope_3071 t1_iy3e5q1 wrote

Have you tried turning the wheel and noticed any difference in performance vs always closing before expiry/expiring OTM?

Are you writing naked or all CSP/CC?

What is the lowest amount of capital you can see being lucrative with this strategy on SPY? I'd like to theta gang but it's a big boys game.

Do you only trade monthlies or a mix of DTE?

Do you write legs and diagonals or focus on one position?

That's a hell of a win rate in a turbulent market.

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ShallowNefariousness OP t1_iy3nuk9 wrote

I do run the wheel from time to time just to switch things up but it's not a bread n butter strategy. I write a mix of strangles, iron condors, ratio spreads and butterflies mostly 0-1DTE as well as around 30-40DTE.

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Effective_Hope_3071 t1_iy3qrwv wrote

Gotchyea, mostly delta neutral capturing IV and Theta. Takes discipline for sure.

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