I’ve been running the wheel for a bit and still trying to figure out the best way to choose DTE and strike when selling covered calls.
I know some people go with their cost basis, but I’m starting to think slightly OTM might be better, especially when the stock’s trending up. Curious how others approach this, especially when rolling from a CSP. Do you go weekly or monthly? Any rules you stick to?
Your usual DTE and strike for covered calls?
byu/Styx2592 inoptions
Posted by Styx2592