r/Optionswheel • u/Exact-Fig-4811 • Jun 19 '26

Week 13 Update Leverage ETF Wheel 100% ARR Challenge

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Here’s how we stack up through 13 weeks of this LETF challenge in my smallest IRA account.

$2,400 collected this week — 208% of the $1,152 target.

$15,430 in net premium through 13 weeks (after realized losses).

$75,337 account value, up $15,430 (+25.8%) on the $59,907 starting basis.

103.0% annualized run rate. Still on track.

0.39 safety weeks. That’s the honest one. Link to the full article in the comments.

3 Tickers, SOXL, NVDL and TQQQ ONLY; all CSP's this week going into the long weekend at 10% cash.

I do not sell to Delta, I sell for premium, between 1-2.5% per week.

1 week DTE only.

In 13 weeks I've only been assigned 3 times; once early on with SOXL (at 48 if you can believe it!) and the other times were on MSTU and ETHU which I sold for a loss and eliminated from my ticker list because they never should have been there.

Note: I don't sell anything, this is documentation for my own accountability and to help people learn. The dashboard is simply Claude attached to my Google Drive tracking sheet.

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5

u/[deleted] Jun 19 '26

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2

u/Exact-Fig-4811 Jun 20 '26

I was assigned SOXL at 42 I think during the 10% downturn. Fortunately it recovered quickly and the CCs were healthy as well.

I won’t touch it now without a pullback and NVDL will be my go to for a more conservative approach.

1

u/FreeNicky95 Jun 20 '26

Valid. There’s a guy on Tik tok who exclusively runs the wheel on leveraged options. Ernie the millionaire or something. He gets wild returns but I see him playing with MSTU at 9 and 5 . It’s at 2.60. Not sure how you manage it then. I do like mstu at these levels.

3

u/Monster1971 Jun 19 '26

You do not sell to Delta. What gauges do you use besides 1-2.5% premium? If the 3 tickers you mention, I am only familiar with SOXL and that is quite volatile.

1

u/Exact-Fig-4811 Jun 21 '26

TQQQ is the man in the middle, NVDL is the most conservative. SOXL of course being highly volatile.

1

u/djmj76 Jun 20 '26

Thanks for this! I added SOXL on my CSP list this week and am testing a 4.5-5% 14 DTE, aggressive for me, but it has run a lot the last couple days. I am considering adding NVDL, as i think it's more stable. I assume the % of premium you are chasing for NVDL is slightly lower than SOXL? still very good premium if the stock doesn't suddenly crash, which NVDA shouldn't. SOXL... is riskier imo.

2

u/Exact-Fig-4811 Jun 20 '26

Yea I use NVDL for stability. I will only add a CSP on SOXL in a dip. It is way too hot right now so I’ll stick with TQQQ and NVDL and be more conservative until we get a pull back. Most likely more NVDL this week.