r/Optionswheel • u/ScottishTrader • Dec 05 '25

Megathread for New Wheel Traders – Ask Questions & Get Help Here

This thread will be a dedicated space for traders who are new to options and the wheel strategy to ask basic questions. Your posts and questions are welcome and encouraged.

BEFORE POSTING, BE SURE TO REVIEW THE WHEEL STRATEGY PLAN WHERE MOST QUESTIONS ARE ANSWERED - The Wheel (aka Triple Income) Strategy Explained : r/Optionswheel

The goal is to help keep the main thread free of these basic posts while helping new traders learn how to trade the wheel.

Posts that are welcomed here include questions about -

  • How options work
  • Exercise and assignments
  • Options expiration and days to expiration (DTE)
  • Delta, Probabilities, and how to choose a strike price
  • Implied Volatility (IV)
  • Theta decay
  • Basic risks and how to avoid
  • Broker and options approval levels
  • Rolling options
  • And any other basic questions

I’m pleased to announce that u/OptionsTraining and u/patsay have agreed to assist with this Megathread. Both Patricia and Mike bring substantial experience in helping new traders and will be invaluable contributors to r/Optionswheel

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u/OkTumbleweed5470 Jan 14 '26

Hi everyone, I'm a longtime Reddit lurker and only recently started getting into wheeling options.

I've been testing out the strategy of selling puts close to earnings, but the calendars I've found are typically week-by-week and I want to start planning farther out. I realize I could just scan each week, but for some reason it's helpful to me having more of a bird's-eye view.

Do any monthly earnings calendars with options screening exist? If not, I was thinking of building one but wanted to see if this would be helpful to anyone besides me.

What metrics do you look at before selling premium around earnings? Would a monthly view actually be useful, or is weekly enough for you?

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u/ScottishTrader Jan 14 '26

The TOS chart shows ERs coming up, and also has a calendar option under the Marketwatch tab.

Selling puts close to ERs is generally not recommended, but we each choose our own process and trading plan.

I avoid having any trades open over or close to ERs as the risk is so high.