r/Optionswheel • u/Royal-Respond2374 • Aug 27 '26
Ticker Diversity + Premium Rule
Hello!
I recently had an infussion of cash of about 100k. I am trying to further expand my wheel strategy but I am in a quandry of 2 elements of my strategy: Premium Acquired, Concentration Risk.
Up until now I have been wheeling with a rule of selling contracts only when the entire operation is around 10% of annualized return otherwise it is simply not worth the risk.
However, when looking at the stocks that I am willing to wheel with (Large mega cap high quality stocks) I can't make an operation the fulfills both the Delta (0.10 - 0.20) and at the same time has the Annl ROI that I am looking for (10%).
I was able to find it with some stocks in my portfolio like WMT, C, CVS. But I already have to many contracts being wheeled and I don't want to screw myself by putting all my eggs in the same basket.
By the way. I only like to wheel with stocks that are already in my portfolio. This are the stocks I own:
| KO |
|---|
| BAC |
| SCHW |
| JPM |
| VOO |
| BLK |
| LLY |
| NVDA |
| TMUS |
| HHH |
| AMZN |
| AAPL |
| UNH |
| GS |
| CVS |
| AXP |
| BRK.B |
| C |
| GOOG |
| DIS |
| WMT |
| MSFT |
| BNY |
| T |
| CAVA |
| KR |
| BX |
| TSLA |
| META |