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Reading the Wheel Preview

Reading the Wheel Preview

SFO

What the engine will trade, from the live spot.

  • The expiry cards show the current expiry, the target and the exact roll/delivery time.
  • The put lists every level: , lots, cash secured, when it is sold, and the contract symbol the engine .
  • The call shows the covered calls the engine would sell if every put were assigned, with the net cost .
  • Premiums are Black-Scholes estimates at the assumed IV; the engine always prices from quotes.

Related articles

Related to Reading the Wheel Preview

  • SFO Wheel — Overview

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    Grids of cash-secured puts and covered calls, joined by a roll-or-deliver decision at every expiry.

  • Cash-Secured Put Grid

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    0 = at the money (nearest strike), k = the k-th strike below spot.

  • Covered Call Grid

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    The first listed strike ≥ max(spot, net cost × (1 + minimum gain)), plus the offset.

  • Expiry Decision — Roll, Expire or Deliver

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    Run for every short option at the configured time before expiry.

  • SFO Capital, Orders & Risk

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    A put is only sold if strike × quantity fits within max capital × (1 − reserve). Auto-filled from the grid until edited.

  • SFO Contract & Expiry

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    Underlying per lot (NSE lot size) or per contract (Delta: BTC 0.001, ETH 0.01). Quantity, cash secured and P&L all use lots × this.

  • SFO Delivery

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    The ITM put is held through expiry and assigned at the strike; the shares arrive in demat (usually T+1). The engine reconciles holdings until the shares…

  • SFO Particulars

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    Zerodha, Shoonya, AliceBlue, Flattrade. The underlying is an NSE F&O stock; its options are physically settled.

  • Reading the DCA Cycle Ladder

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    Cumulative quantity and average entry once that order has filled.

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