Sep 27, 2024 – Sep 25, 2026
Buy & hold finished $24834.84 ahead of the wheel (earned more: $30567.00 vs $5732.16).
Buy & hold Buy 100 shares and hold | Wheel strategy Puts → calls · keep premiums as cash | |
|---|---|---|
| Profit or loss | $30567.00 | $5732.16 |
| Largest drop | $30641.00 | $28608.03 |
Every sentence below is filled from the stored engine row. This page does not add a market story.
This simulation ran 2024-09-27 to 2026-09-25 (50 trades, 9 cycles).
Simulated premium was $75,732. Simulated stock / assignment P&L was −$70,000. Combined realized P&L was $5,732.
Puts were assigned on 33.3% of put trades (9 of 27). Calls were assigned away on 39.1% of call trades (9 of 23).
This simulation’s wheel P&L ($5,732) trailed buy-and-hold P&L ($30,567) on the stored window.
Largest wheel drawdown in the stored series was $28,608. Buy-and-hold drawdown was $30,641.
Of 50 priced entries, 3 used Black-Scholes fills from implied volatility, 26 used historical option bars, and 21 used Black-Scholes fills from realized volatility. The engine flagged this run as using modeled fills.
Phase 1 totals from the stored engine summary
Phase 2 totals from the stored engine summary
One fixed recipe — 10 DTE / 2% OTM — not your DTE or OTM
No underlying price tape and no per-trade list on this page
Results are simulated and can use model fills when quotes are missing
A failed weekly refresh removes this page until the next success
This simulation produced $75,732 in premium (50 trades, 9 cycles).
Simulated put assignment rate 33.3%; call-away rate 39.1%.
This simulation’s wheel P&L ($5,732) trailed buy-and-hold P&L ($30,567) on the stored window.
Requested 2024-09-27–2026-09-27; actual 2024-09-27–2026-09-25.
Premium, assignment, wheel P&L, and buy-and-hold P&L come from one engine row. The why-this-result copy is filled from those fields only.
The chart is the same 100-share wheel vs buy-and-hold series as the interactive tool. Underlying closes and the trade tape stay off this page.
Start a trial and open the gated wheel backtest to change DTE, OTM, or dates.
Simulated premium
$75,732
Assignment rate
33.3%
Wheel P&L
$5,732
Buy-and-hold P&L
$30,567
Pricing sources: 3 IV / 26 bar / 21 HV
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