u/alex-avocader

I've been trying wheel strategy on a portfolio since 12th of February 2026.
Mostly staying within these parameters: delta 0.27–0.35, DTE 21–35.

https://preview.redd.it/jl64866yhhwg1.png?width=1280&format=png&auto=webp&s=c44c8d054e8aa01d3b190492f7ba105096a8fa03

I'm curious to measure it on a longer period of time, but 6.1% vs just buy and hold SPY, that would yield 4% doesn't look impressive especially if you factor in taxes, that I have to pay on short term gains.

Here is a breakdown per ticker:

https://preview.redd.it/qo8yp8rfihwg1.png?width=1193&format=png&auto=webp&s=df1880db094eccc6798b05775f51a74f03ce7efd

Wondering what people thoughts are on this, especially those who have been doing it for much longer than me.