Trade · Apr 13, 2026
AAPL · April 25 · $180 put (wheel leg 1)
AAPL wheel · cash-secured-put active
- Entry
- Apr 13, 2026
- Strike
- $180
- Expiry
- Apr 25, 2026
- Conviction
- med
- Entry px
- $2.12
21-delta put with a clean expected-move band and no earnings catalyst in the window. 3.8% premium annualized above the Core Universe median this cycle. Regime multiplier bumps conviction from low to med.
Video walkthrough
Fear returns: walking through four wheel setups on a jumpy tape →Why this leg
Twelfth wheel cycle on AAPL since I started tracking. The scanner flags 180 as the cleanest delta-adjusted premium in the chain — no earnings in the window, EM-clear, and the regime multiplier pushes the framework score from 0.71 to 0.84.
What I’m watching
- If the stock tags 180 before expiry: take assignment, roll into covered calls (wheel leg 2).
- If it doesn’t: collect premium, look at the next expiry on the same strike ladder.
- Watch the VIX — if it spikes past 35 I’ll consider closing early and rolling down a strike.
Result
Open. Updates will appear here as status changes.