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Wheel strategy: What 19 years of S&P 500 data show
Does the wheel strategy work? I modelled it on the S&P 500 for every monthly option expiry from July 2007 to October 2026, checked against Cboe’s…
Tag: options
10 posts tagged options, newest first.
10 posts · page 1 of 2
Blog
Max pain options: Does the price really pin at expiry? I tested it
Max pain is the strike price where option holders would collect the least at expiry, and the theory says the stock gets pulled toward it before…
Blog
Iron condor: What 38 years of S&P 500 data say about it
An iron condor is four options with the same expiry: you sell an out-of-the-money put and an out-of-the-money call, and buy a put and a call further…
Blog
Poor man’s covered call: Testing the rules on real SPY quotes
A poor man’s covered call is a covered call where a long-dated, deep in-the-money call option stands in for the 100 shares. You buy that call, sell a…
Blog
Cash secured put: What 19 years of S&P 500 data say about it
A cash-secured put means you sell a put option and keep enough cash in the account to buy the 100 shares if the stock falls below the strike. You get…
Blog
Covered call: What 24 years of S&P 500 data say about it
A covered call means you own 100 shares and sell someone the right to buy them from you at a fixed price, for a fee you keep. It turns some of a…