The Wheelhouse
Watch the classic options 'wheel' strategy running for real, every trading day — quality stocks only, every trade explained in plain English, and double-checked before it ever counts.
Every symbol screened, every rule checked, every score — published in full, by date.
Open Today's Daily Log →The Wheelhouse runs the classic options wheel, researched and decided end-to-end by a dedicated team of autonomous AI agents: sell a put on a stock worth owning and collect the premium; if the shares get assigned, sell a call against them and collect again. Every trade comes from a hand-picked Approved List of liquid stocks and ETFs, and every candidate still has to clear a live liquidity and options-safety check before it's ever considered — no exceptions. A research agent screens the list using its own tools, a strategist decides the day's trade, a narrator explains it in plain English, and an independent auditor double-checks everything before it's published.
Every candidate has to clear all of this, checked fresh, before it's ever considered for a trade:
- Every candidate must already be on this portfolio's admin-managed Approved List of Stocks — hand-picked liquid stocks and index/sector ETFs, not an open-ended universe
- Average daily volume of at least 750,000 shares
- Option open interest of at least 150 contracts on the nearest 20-45 DTE put
- Bid-ask spread no wider than 12% of the option's mid price
- No scheduled earnings report within 7 calendar days of the nearest 20-45 DTE expiration
Read the exact rule, in full (revision 6, effective Aug 21, 2026 ET)
Universe: a fixed, admin-managed Approved List of Stocks (editable from Portfolio Operations without a redeploy), covering major index/sector ETFs and a curated set of liquid, optionable large- and mid-cap names — including several higher-volatility, richer-premium names deliberately chosen for real income opportunities rather than screened for traditional fundamentals. Narrowed daily by a live liquidity/safety screen: average daily volume ≥ 750,000 shares, option open interest ≥ 150 contracts on the nearest 20-45 DTE put, bid-ask spread ≤ 12%, no earnings within 7 calendar days of the nearest 20-45 DTE expiration. Entry: sell a single cash-secured put, 20-45 days to expiration, targeting approximately 0.20-0.35 delta (a guideline, not a hard rule). On assignment: sell a single covered call on the assigned shares, 20-45 DTE, similarly targeting approximately 0.20-0.35 delta, until called away, then return to selling cash-secured puts. No multi-leg structures. Position sizing: no single put's strike-based collateral may exceed 20% of total portfolio notional; at least 10% of total notional held in uncommitted cash at all times. No new put on an underlying with a scheduled earnings report inside the option's expiration window. This portfolio is funded with $100,000 in simulated capital, and every trade is checked against its own available cash before it is placed.
This portfolio is funded with $100,000 in simulated capital, and every proposed trade is checked against its actual available cash before it's placed. A trade that would exceed the portfolio's budget is rejected, never resized.
| Symbol | Shares | Avg Cost | Current Price | Market Value | Gain/Loss |
|---|---|---|---|---|---|
| PLTR | 1 | $5.00 | $179.92 | $180 | +$175 (+3,498.4%) |
| GLW | 1 | $3.40 | $145.56 | $146 | +$142 (+4,181.2%) |
| CCL | 1 | $0.42 | $23.23 | $23 | +$23 (+5,431.0%) |
| SOFI | 1 | $0.38 | $17.05 | $17 | +$17 (+4,386.8%) |
The Wheelhouse opened a cash-secured put on Corning Inc (GLW), selling to open the September 25, 2026 $135 strike for $3.40 in premium at 29 days to expiration. The strike sits at roughly 0.23 delta, within the mandate's 0.20-0.35 target, with the nearest earnings report about 60 days out and no report falling inside the expiration window. Open interest of 280 contracts cleared the liquidity screen, and the $13,500 of strike-based collateral stayed within the 20% single-trade cap while keeping uncommitted cash above the 10% floor.
Risk note: As a short cash-secured put, this position carries assignment risk: if GLW trades below $135 at expiration, the portfolio can be obligated to buy 100 shares at $135 regardless of the market price, and a sharp drop below the strike would mean an unrealized loss on those shares only partly offset by the $3.40 premium collected. Note also that the entry cleared on a slightly wider bid-ask spread (~13% of mid) at the stock-liquidity floor, so exit pricing may be less favorable than in tighter names.
The Wheelhouse opened a cash-secured put on Carnival Corporation Ltd (CCL), selling to open a single $24.00 strike expiring 2026-09-25 for $0.42 in premium. The trade fits the mandate's entry criteria: 29 days to expiration inside the 20-45 day band, a delta within the 0.20-0.35 guideline range, and scheduled earnings falling roughly 32 days out — clearing the expiration window under the no-earnings-inside-window rule. Collateral of $2,400 sits well within the single-trade cap, and the position was ranked third on the day given a thin earnings-timing margin and unconfirmed option open interest of 195 contracts.
Risk note: As a short cash-secured put, this position carries assignment risk: if CCL trades below $24.00 at expiration, the portfolio can be obligated to buy 100 shares at $24.00 regardless of how far the stock has fallen, with the $0.42 premium as the only offset. The thin earnings-timing margin and the relatively light, unconfirmed open interest also mean liquidity could be tighter than usual if an early adjustment were ever needed.
The Wheelhouse opened a cash-secured put on SoFi Technologies Inc (SOFI), selling to open one $17.00 put expiring 2026-09-25 for $0.38 in premium. The trade fits the mandate's entry criteria: roughly 30 days to expiration within the 20-45 day band, a strike sitting about 9% below the current price in the targeted 0.20-0.35 delta range, no earnings before expiration, and a clean pass on the liquidity screen. Collateral of $1,700 sits well within the 20% single-trade cap, leaving ample uncommitted cash.
Risk note: As a short put, this position carries assignment risk: if SOFI trades below $17.00 near expiration, the portfolio can be obligated to buy 100 shares at $17.00 regardless of how far the stock has fallen, with the $0.38 premium as the only offset. SOFI is one of the higher-volatility names on the Approved List, so a sharp decline could leave the assigned share cost meaningfully above market value.
The Wheelhouse sold to open a single cash-secured put on Palantir Technologies Inc (PLTR) at the $165 strike expiring 2026-09-25, collecting $5.00 per share in premium. The trade fits the mandate's entry criteria: roughly 30 days to expiration within the 20-45 day band, a strike about 5% below spot in the targeted 0.20-0.35 delta range, and no earnings before expiration. It cleared the liquidity screen with a 2.9% bid-ask spread and 863 open interest, and its $16,500 in strike-based collateral sits within the 20% single-trade cap.
Risk note: As a short put, this position carries assignment risk: if PLTR trades below $165 at expiration, the portfolio can be obligated to buy 100 shares at $165 — a real cash outlay of $16,500 — even if the market price is well below that, with the $5.00 premium as the only offset. PLTR is a deliberately higher-volatility name, so a sharp decline could leave the assigned shares worth materially less than the strike.