Tutorial 38 of 39•7. Preset Library — One-Click Screens•5 min read

Monthly Wheel Preset: The Set-and-Forget Wheel

The Monthly Wheel preset focuses on standard 30–45 DTE expirations — the textbook wheel sweet spot with the best risk-adjusted returns.

What this preset does

The Monthly Wheel preset focuses on the textbook sweet spot:

  • DTE = 28–45
  • Liquid third-Friday monthlies emphasized
  • Standard wheel delta ranges
  • Liquidity Cleanup on

This is the canonical "open the screener once a month, set 5 trades, do something else" workflow.

When to use it

  • You can only manage trades 1–2× per month.
  • You want the best risk-adjusted return curve.
  • You prefer the familiar third-Friday cycle.

A worked example — once-a-month wheel

The Monday after monthly OpEx:

  1. Open the Put screener.
  2. Apply Monthly Wheel Put preset.
  3. Set Earnings Excluded = on.
  4. Sort by Rating descending.
  5. Place 3–5 limit orders at mid.

You're done for the month.

Why 30–45 DTE is special

  • Theta decay is meaningful but not chaotic.
  • Gamma is tame — small stock moves don't blow up your delta.
  • Monthly options have the deepest open interest.
  • Position management cadence matches retail life.

It's not magic — it's just the spot where every variable is "comfortable enough".

Where to go next

Try It on the Screener

Frequently Asked Questions

Why is 30–45 DTE called the wheel sweet spot?

It balances meaningful theta decay against manageable gamma risk, fits the standardized monthly options cycle (deepest liquidity), and only requires position management once a month.

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