GUIDES
Core concepts for running the Wheel with structure, not guesswork.
I Built a Deterministic AI Risk Filter for the Wheel Strategy
A structured TradingView dashboard plus a rule-bound GPT to reject bad Wheel entries before premium distorts judgment.
READThe Structure Layer: Reading the Wizolver TradingView Dashboard
How to interpret the dashboard before trend, momentum, and structure reach the AI evaluator.
READWhat the Wheel Strategy actually is
A simple, plain-English overview of the full cycle.
READHow to Read an Options Chain Without Overloading on Data
A minimal approach to the three numbers that actually matter before you place a trade.
READWhat Makes a Clean Structure: Why Most Charts Are Not Tradable
A practical checklist for identifying defined support, boring price action, and the kind of stability premium sellers actually need.
READWhy I Avoid Most Stocks
A practical guide to filtering aggressively, focusing on fewer names, and rejecting most charts before they ever reach the chain.
READHow I Choose My Strike: Structure First, Delta Second
A practical framework for selecting put strikes by anchoring to support first and using delta only as a secondary filter.
READPremium Is a Byproduct: Not the Reason for Entry
A practical guide to treating premium as compensation, not edge, and making structure the reason for entry.
READImplied Volatility and the Wheel: When High IV Helps and When It's a Trap
Understanding the difference between elevated premium that compensates for real risk and premium that signals a stock you should not touch.
READWhat a Bad Wheel Trade Looks Like
A practical guide to recognizing weak setups before entry, even when the premium and probability look attractive.
READNo Trade Is a Position: Why I Stay in Cash
A practical guide to staying in cash when structure is weak, setups are unclear, and selectivity is the real edge.
READPosition Sizing: How Much Capital to Allocate to a Single Wheel Trade
A practical framework for avoiding the mistake that turns one bad week into a ruined month.
READHow I Allocate Risk: Adjusting the Wheel to Market Conditions
A practical guide to adjusting exposure across safe, balanced, and aggressive setups as market conditions change.
READYou Think You’re Diversified. You’re Not.
A practical guide to recognizing correlation risk and understanding why multiple tickers can still behave like one concentrated trade.
READAssignment Is Not Failure: It’s Part of the Cycle
A practical guide to understanding put assignment as a planned outcome of the Wheel, not a mistake.
READRolling: When It Improves a Trade and When It’s Just Avoidance
Separating the rolls that improve a position from the ones that only delay a decision.
READThe 50% Rule: When to Close a Position Before Expiration
Why holding to expiration is not the goal, and how closing early can improve capital velocity.
READDeep Dives
Detailed breakdowns of the mechanics behind the Wheel. One concept per piece, no shortcuts.
IV Rank Explained: What It Is, How to Read It, and When It Actually Matters for the Wheel
How to read IV Rank in context, when elevated premium helps, and why raw IV alone tells you almost nothing.
READTheta Decay Explained: How Time Actually Pays You in the Wheel Strategy
Why theta matters in 30-45 DTE Wheel trades, where the decay curve really helps, and when the final days stop being worth it.
READWheel Strategy vs Buy and Hold: Same Stock, Different Risk Curve
A direct comparison of drawdowns, capped upside, capital deployment, and the behavioral trade-offs between the two structures.
READHow to Calculate Option Premium
The exact formulas for premium, collateral, break-even, annualized return, and the calculator Wheel traders actually use.
READOptions Probability Explained
Delta as a probability proxy, win rate versus expected value, and how Wheel traders use probability without mistaking it for certainty.
READWheel Strategy on ETFs
Why SPY, QQQ and IWM change the assignment math, compress premium, and behave differently from single stocks inside the Wheel.
READSmall Account Wheel Strategy
What really changes under $10,000: capital constraints, single-contract concentration, assignment risk, and why the small-account phase is about process first.
READEarnings Risk and the Wheel Strategy
Why earnings inflates IV, breaks delta-based assumptions, and creates binary outcomes the standard Wheel is not built to absorb.
READImplied Volatility and Premium
How IV shapes premium, where IV Rank and IV Percentile differ, and why elevated volatility is a filter for the Wheel, not a trigger.
READWhen to Close Options Early
The 50% rule, 21 DTE management, capital velocity, and how to decide when an early close improves the Wheel instead of cutting it short.
READTHE LOG. EVERY MONDAY.
Get the weekly log with watchlists, setups, screeners, and premium notes before the market opens.