Improving the Wheel Strategy

Q

Quanto

The well known Wheel Strategy has some serious flaws in some market conditions.
I'm planning to fix these flaws.
Anybody else already done so, or knows links to such a work, or can give info from own experiences?

Btw. Happy New Year or so, since today is 12/31, the last day of the year... :)
I think JP, NZ, Aussie are already in the new year :)
Code: 
UnixTime                          : 1704037808
LocalTime                         : Sun Dec 31 16:50:08 CET 2023

US Los Angeles                    : Sun Dec 31 07:50:08 PST 2023
US New York                       : Sun Dec 31 10:50:08 EST 2023
UK London / UTC / GMT             : Sun Dec 31 15:50:08 UTC 2023
DE Berlin                         : Sun Dec 31 16:50:08 CET 2023
RU Moscow / TR Ankara             : Sun Dec 31 18:50:08 MSK 2023
IN Mumbai (Bombay), New Delhi     : Sun Dec 31 21:20:08 IST 2023
CN Peking, Hong Kong, Shanghai    : Sun Dec 31 23:50:08 CST 2023
JP Tokyo                          : Mon Jan  1 00:50:08 JST 2024
AU Sydney, Canberra, Melbourne    : Mon Jan  1 02:50:08 AEDT 2024
NZ Auckland                       : Mon Jan  1 04:50:08 NZDT 2024

https://optionstradingiq.com/the-wheel-strategy/#Seventh_Point_Header
WheelStrategy_FAQ.png
 
Last edited:
Quanto said:
The well known Wheel Strategy has some serious flaws in some market conditions.
I'm planning to fix these flaws.
Anybody else already done so, or knows links to such a work, or can give info from own experiences?

Btw. Happy New Year or so, since today is 12/31, the last day of the year... :)
I think JP, NZ, Aussie are already in the new year :)
Code: 
UnixTime                          : 1704037808
LocalTime                         : Sun Dec 31 16:50:08 CET 2023

US Los Angeles                    : Sun Dec 31 07:50:08 PST 2023
US New York                       : Sun Dec 31 10:50:08 EST 2023
UTC / GMT                         : Sun Dec 31 15:50:08 UTC 2023
DE Berlin                         : Sun Dec 31 16:50:08 CET 2023
RU Moscow, Ankara                 : Sun Dec 31 18:50:08 MSK 2023
IN Mumbai (Bombay), New Delhi     : Sun Dec 31 21:20:08 IST 2023
CN Peking, Hong Kong, Shanghai    : Sun Dec 31 23:50:08 CST 2023
JP Tokyo                          : Mon Jan  1 00:50:08 JST 2024
AU Sydney, Canberra, Melbourne    : Mon Jan  1 02:50:08 AEDT 2024
NZ Auckland                       : Mon Jan  1 04:50:08 NZDT 2024

https://optionstradingiq.com/the-wheel-strategy/#Seventh_Point_Header
View attachment 330755
More...

https://spintwig.com/spy-wheel-45-dte-cash-secured-options-backtest/

https://wheeloptionstraders.com/wheel-strategy-tool/

 
"t - 2h13m" for Moscow, St.Petersburg Sochi, Ankara, Istanbul
"t - 4h13m" for Berlin, Paris, Rome
"t - 5h13m" for London
"t - 10h13m" for New York
"t - 13h13m" for Los Angeles
Code: 
UnixTime                                 : 1704048427
LocalTime                                : Sun Dec 31 19:47:07 CET 2023

US Los Angeles                           : Sun Dec 31 10:47:07 PST 2023
US New York                              : Sun Dec 31 13:47:07 EST 2023
UK London / UTC / GMT / Zulu             : Sun Dec 31 18:47:07 UTC 2023
EU Berlin, Paris, Rome                   : Sun Dec 31 19:47:07 CET 2023
RU Moscow, St. Petersburg, Sochi         : Sun Dec 31 21:47:07 MSK 2023
TR Ankara, Istanbul                      : Sun Dec 31 21:47:07 +03 2023
IN New Delhi, Mumbai (Bombay)            : Mon Jan  1 00:17:07 IST 2024
CN Peking (Beijing), Hong Kong, Shanghai : Mon Jan  1 02:47:07 CST 2024
JP Tokyo                                 : Mon Jan  1 03:47:07 JST 2024
AU Canberra, Sydney, Melbourne           : Mon Jan  1 05:47:07 AEDT 2024
NZ Wellington, Auckland                  : Mon Jan  1 07:47:07 NZDT 2024
 
Last edited:
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