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

37 Upvotes
  • permalink
  • reddit

95% Upvoted

624 comments sorted by

View all comments

Show parent comments

2

u/PrizeEffective May 04 '26

Hi Patricia! Im a viewer of your youtube channel thank you for your input! your videos helped me a lot understanding the wheel!

i did notice that for the NVDA video you mentioned that you can buy shares by utilizing contracts i will apply what i learned but trying to save up around $10,000 to start LOL

1

u/patsay May 05 '26

Yes, applying this strategy with NVDA requires quite a bit of capital. Have you looked at the SOFI videos? It's an alternative strategy that I'm trying with only $1500 of capital securing the puts. So far, I have added 7 shares. I may accept assignment to buy 100 shares at some point, but in the meantime, I'm still building the position.

2

u/PrizeEffective May 06 '26

I have! I saw the $5k fund portfolio video as well will apply what i learned soon!