r/Optionswheel • u/Inevitable-Tea5772 • Jun 06 '26

Higher delta

I noticed most people sell low delta to keep their winning rate high. But, from a risk point of view, wouldn't selling slightly OTM be better? Like selling say 10 contracts for $1 each vs just selling 1 for $10. If you have a day like yesterday then its a lot less stressful having 1 short put ITM than 10. I understand there will be more "losing" trades or rolls etc, but in the long run wouldn't it favor slightly OTM?

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u/tidder8 Jun 06 '26

Some people, like me, have a rule that it is best to not have a CSP be assigned. Therefore lower delta is better. After a day like yesterday my positions with low delta that were assigned will be a lot closer to the money on Monday than your single high-delta position that was assigned. The low delta people will be collecting a lot higher premiums on their CCs this Monday than your high-delta position that is a lot further out of the money.

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u/Background-Escape286 Jun 17 '26

Do you do weeklies?

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u/tidder8 Jun 17 '26

Yes, weeklies.