Among the many investing communities on Reddit, one that rarely gets the same attention as r/WallStreetBets is r/ThetaGang. The name comes from theta, the options Greek that measures time decay.

The Wheel strategy is one of the most widely used option income strategies, but it is often misunderstood or applied too loosely. An advanced options screener such as Option Samurai adds more ...

The wheel starts with a cash-secured put: You collect premiums while waiting for a chance to buy IBIT at a lower price. Assignment triggers the covered call phase: Once you own shares, you sell calls ...