Wheel Strategy Only - Sell cash-secured puts, and if assigned, sell covered calls.

Buying options, LEAPS, credit spreads, straddles, condors, margin use.

Sell high-delta puts (40-45Δ) for maximum premium.

Sell lower-delta puts (20-30Δ) for downside protection.

Sell calls at assigned trade price unless delta <15Δ.

Sell covered calls below trade price for premium, 15-25Δ.

• a) Buy to Close Position IF near market close on expiration date, net of premiums received upon sale and BTC debit is still >1% ROI.
• b) Roll Position UP and OUT only IF new strike equals "assigned trade price" and roll credit is >2% ROI.
• c) Otherwise allow assignment.

Only sell short-term options (< 1 week).

Wait ~1 hour into market on Monday before trading.

Never hold through earnings or major news; close positions and re-enter after.

Be in cash overnight and over weekends to avoid news gaps.

Only trade stocks with strong fundamentals.

RSI must be between 30 and 70.

Only open new put sells when 10EMA > 20EMA > 50EMA.

10% of portfolio.

12-15 weekly positions for diversifying risk.

Do not sell a position for a loss. If assigned or a covered call is sold below the trade price, return to the wheel by selling puts.

If a new sold-put strike differs from a prior covered-call strike, adjust your trade price by the difference to prevent locking in a loss.

Never use leverage.

Move to cash if account value drops >=5% in a single trading week due to significant negative momentum. Re-entry only once market stabilizes (10EMA>20EMA).

• Monday: >50%
• Tuesday: >60%
• Wednesday: >70%
• Thursday: >80%
• Friday: >90%

If thresholds not met: allow expiration unless other rules (roll/close) apply.

Selection → Sizing → Timing → Management

Keep these rules accessible at your desk or trading station.

Update cash target to reflect current market sentiment and confirm EMA/RSI filters before new put sells.