Selling Premium Around Earnings: A Wheel Trader's Checklist (2026)
Earnings week can inflate option premiums—and gap risk. Use this wheel-trader checklist to decide when to sell, widen strikes, or wait until after the report.
wheel strategy
Put/Call Ratio for Wheel Traders: What Premium Sellers Should Watch (2026)
Put/call ratio is context for premium sellers—not a timing signal. Volume vs OI, a six-step checklist, and when to pair PCR with unusual volume and Strike GEX.
Max Pain Options: How Wheel Traders Use It (2026)
Max pain is the expiration strike that leaves option writers paying out the least. Here is how wheel traders use that number, and when they ignore it.
How to Read a GEX Heatmap to Pick Option Strikes
Strike × expiry GEX heatmap for option sellers: read call/put walls and zone, then pick CC and CSP strike bands. NVDA snapshot walkthrough included.
Covered Call ETF vs Selling Your Own Calls (JEPI, XYLD, and the Wheel)
JEPI and XYLD are packaged covered calls. Here is how they differ from selling your own strikes — fees, the upside cap, and when a screener is the better tool.
Covered Call Calculator: How to Estimate Premium Yield Before You Sell
A covered call calculator turns strike, premium, and DTE into income, yield, and breakeven. Here’s the math wheel traders use—and where to run it on live chains.
IV Rank Checker for Options Trading (vs Calculator & Live IVR)
IV rank shows where current implied volatility sits in its 52-week range. Here’s how wheel traders check it, what 50%+ means for selling premium, and where to get live IVR.