โ† All verdicts
Verdict: Yes

Should the wheel be run on single stocks or index ETFs?

โˆ’15% vs โˆ’20%
drawdown, index ETFs vs all names, out of sample

Index ETFs. Single names looked better in-sample (+22%/yr) and worse out-of-sample (+11.6%); 20 index ETFs did +16.8% in-sample and +16.3% out-of-sample with half the drawdown and a quarter of the trades. On single names 40% of assignments never recovered by the end of the test.

Tested on: 1,261 daily option-chain snapshots 2019โ€“2026, 1.88M name-dates; $50Kโ€“$250K accounts ยท Published: 2026-08-10

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