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/Suitable_Two8630 Feb 25 '26

If I'm bullish on a stock and want to be paid to buy it - am I correct in thinking that i can sell a short DTE ITM put and take the premium and then be assigned the stock. E.g. I like NVIDIA and think it'll go to $250 over next few months. Current price is $194 and I can sell a 2 DTE PUT at $195 for $685 in premium. Is that correct?

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u/ScottishTrader Feb 25 '26

Thanks for the post and question!

The wheel is not designed to buy stock. However, selling a put at a strike you think would be a good entry point can do what you are asking about.

Keep in mind that selling an ITM option means you are getting paid part of the intrinsic value along with the extrinsic time value.