🛞 Wheel Strategy Management Alert — $APLD Covered Call
💡Rolling the Wheel Forward Tues Nov 18, 2025: New Covered Call on HUT
APLD gave us a green day, and that’s exactly when I want to write covered calls — stronger premiums, better and higher strikes if I get called away.
I was assigned at a true cost basis of $27.97, and I collected $203 per contract on the CSP. Now I’m selling calls against the shares to chip away at that cost basis and let the volatility work for me.
Strategy: Covered Call
Entering the Trade:
Bid $0.28 Mid $0.47 Ask $0.65 Avg Premium $0.47
The goal here:
Stack premium while the stock is bouncing, and either (1) keep reducing my basis if APLD stays below the strike, or (2) get called away for a combined gain — CSP premium + CC premium + stock profit.
This is the entire purpose of the Wheel:
Get paid on the way in, get paid while you wait, and get paid if it gets called away.
*Disclaimer: The examples in The Options Oracle are my opinion, not financial advice.